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QQU.TO vs. QQC-F.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQU.TO vs. QQC-F.TO

Last updated Jun 5, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Global X and Invesco respectively. Both are passively managed. Over the past 10 years, QQU.TO returned 32.96%/yr vs 20.19%/yr for QQC-F.TO. Their correlation of 0.90 suggests significant overlap in exposure. QQU.TO charges 1.46%/yr vs 0.20%/yr for QQC-F.TO.

Performance

QQU.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQU.TO achieves a 39.04% return, which is significantly higher than QQC-F.TO's 19.18% return. Over the past 10 years, QQU.TO has outperformed QQC-F.TO with an annualized return of 32.96%, while QQC-F.TO has yielded a comparatively lower 20.19% annualized return.

QQU.TO

1D
-1.13%
1M
17.08%
YTD
39.04%
6M
34.49%
1Y
77.53%
3Y*
46.17%
5Y*
22.66%
10Y*
32.96%

QQC-F.TO

1D
-0.50%
1M
8.60%
YTD
19.18%
6M
17.61%
1Y
37.09%
3Y*
26.30%
5Y*
16.21%
10Y*
20.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQU.TO vs. QQC-F.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		39.04%26.77%40.01%114.00%-61.73%52.20%83.84%80.24%-11.03%68.57%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		19.18%18.41%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%

Correlation

The correlation between QQU.TO and QQC-F.TO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2011

0.90

The correlation between QQU.TO and QQC-F.TO has been stable across timeframes, ranging from 0.90 to 0.98 - a consistent structural relationship.

QQU.TO vs. QQC-F.TO - Sectors Allocation Comparison

Sectors
QQU.TO
QQC-F.TO

Technology

53.7%
53.8%

Communication Services

15.8%
15.8%

Consumer Cyclical

12.2%
12.3%

Consumer Defensive

7.7%
7.7%

Healthcare

4.2%
4.2%

Industrials

3.1%
2.8%

Utilities

1.4%
1.4%

Basic Materials

1.1%
1.1%

Energy

0.6%
0.6%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQU.TO
53.7%
QQC-F.TO
53.8%

Communication Services

QQU.TO
15.8%
QQC-F.TO
15.8%

Consumer Cyclical

QQU.TO
12.2%
QQC-F.TO
12.3%

Consumer Defensive

QQU.TO
7.7%
QQC-F.TO
7.7%

Healthcare

QQU.TO
4.2%
QQC-F.TO
4.2%

Industrials

QQU.TO
3.1%
QQC-F.TO
2.8%

Utilities

QQU.TO
1.4%
QQC-F.TO
1.4%

Basic Materials

QQU.TO
1.1%
QQC-F.TO
1.1%

Energy

QQU.TO
0.6%
QQC-F.TO
0.6%

Financial Services

QQU.TO
0.2%
QQC-F.TO
0.2%

Real Estate

QQU.TO
0.1%
QQC-F.TO
0.1%

Compare stocks, funds, or ETFs

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BetaPro NASDAQ-100 2x Daily Bull ETF

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with QQU.TO:
QQU.TO vs. QLDQQU.TO vs. TQQQQQU.TO vs. QQC.TOQQU.TO vs. XQQU.TOQQU.TO vs. VCN.TOQQU.TO vs. XQQ.TOQQU.TO vs. ZQQ.TO
Often compared with QQC-F.TO:
QQC-F.TO vs. QQC.TOQQC-F.TO vs. XEQT.TOQQC-F.TO vs. QQQQQC-F.TO vs. HXQ.TOQQC-F.TO vs. QQQMQQC-F.TO vs. XQQ.TOQQC-F.TO vs. VFV.TO

Return for Risk

QQU.TO vs. QQC-F.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQU.TO
QQU.TO Risk / Return Rank: 6565
Overall Rank
QQU.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 6565
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 6565
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 5959
Martin Ratio Rank
QQC-F.TO
QQC-F.TO Risk / Return Rank: 6666
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 6868
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQU.TO vs. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

QQU.TOQQC-F.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
2.35

+0.11

Sortino ratioReturn per unit of downside risk
2.95
3.14

-0.19

Omega ratioGain probability vs. loss probability

1.38

1.40

-0.02

Calmar ratioReturn relative to maximum drawdown

3.01

2.83

+0.18

Martin ratioReturn relative to average drawdown

10.32

10.53

-0.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQU.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 2.46, which is comparable to the QQC-F.TO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of QQU.TO and QQC-F.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QQU.TOQQC-F.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.35

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.73

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.90

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.92

-0.37

Drawdowns

QQU.TO vs. QQC-F.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than QQC-F.TO's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for QQU.TO and QQC-F.TO.

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Drawdown Indicators

QQU.TOQQC-F.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.51%

-36.03%

-42.48%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-13.16%

-12.69%

Max Drawdown (3Y)

Largest decline over 3 years

-43.00%

-22.76%

-20.24%

Max Drawdown (5Y)

Largest decline over 5 years

-64.83%

-36.03%

-28.80%

Max Drawdown (10Y)

Largest decline over 10 years

-64.83%

-36.03%

-28.80%

Current Drawdown

Current decline from peak

-1.60%

-0.73%

-0.87%

Average Drawdown

Average peak-to-trough decline

-17.02%

-5.50%

-11.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.54%

3.53%

+4.01%

Volatility

QQU.TO vs. QQC-F.TO - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 9.28% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) at 4.48%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQU.TOQQC-F.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.28%

4.48%

+4.80%

Volatility (6M)

Calculated over the trailing 6-month period

24.30%

12.08%

+12.22%

Volatility (1Y)

Calculated over the trailing 1-year period

31.70%

15.89%

+15.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.84%

22.44%

+22.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.85%

22.54%

+22.31%

QQU.TO vs. QQC-F.TO - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

Dividends

QQU.TO vs. QQC-F.TO - Dividend Comparison

Neither QQU.TO nor QQC-F.TO has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.00%0.09%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.97, QQU.TO and QQC-F.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 1.46% for QQU.TO.

Both ETFs track NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 1.46% for QQU.TO and 0.20% for QQC-F.TO.

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