QQU.TO vs. QQQQ.TO

Last updated Jun 26, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Global X and Mackenzie respectively. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. QQU.TO charges 1.46%/yr vs 0.25%/yr for QQQQ.TO.

Performance

QQU.TO vs. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQU.TO achieves a 28.55% return, which is significantly higher than QQQQ.TO's 19.83% return.

QQU.TO

• 1D: 1.33%
• 1M: -5.10%
• YTD: 28.55%
• 6M: 24.38%
• 1Y: 57.40%
• 3Y*: 41.80%
• 5Y*: 18.80%
• 10Y*: 34.03%

QQQQ.TO

• 1D: -0.60%
• 1M: 0.14%
• YTD: 19.83%
• 6M: 18.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQU.TO vs. QQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	28.55%	9.21%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	19.83%	7.09%

Correlation

The correlation between QQU.TO and QQQQ.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.59

Return for Risk

QQU.TO vs. QQQQ.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: 51
QQU.TO Sharpe Ratio Rank: 55
QQU.TO Sortino Ratio Rank: 48
QQU.TO Omega Ratio Rank: 50
QQU.TO Calmar Ratio Rank: 52
QQU.TO Martin Ratio Rank: 49

QQQQ.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQU.TO	QQQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.23	—	—
Martin ratio: Return relative to average drawdown	7.40	—	—

Drawdowns

QQU.TO vs. QQQQ.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -64.81%, which is greater than QQQQ.TO's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for QQU.TO and QQQQ.TO.

Drawdown Indicators

	QQU.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-64.81%	-12.27%	-52.54%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-43.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.81%	—	—
Current Drawdown Current decline from peak	-9.02%	-3.38%	-5.64%
Average Drawdown Average peak-to-trough decline	-11.82%	-3.16%	-8.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.78%	—	—

Volatility

Volatility by Period

	QQU.TO	QQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.49%	19.21%	+16.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.45%	19.21%	+26.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.09%	19.21%	+25.88%

QQU.TO vs. QQQQ.TO - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than QQQQ.TO's 0.25% expense ratio.

Dividends

QQU.TO vs. QQQQ.TO - Dividend Comparison

QQU.TO has not paid dividends to shareholders, while QQQQ.TO's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQU.TO and QQQQ.TO in my portfolio?

QQU.TO and QQQQ.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQU.TO or QQQQ.TO?

On fees, QQQQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQU.TO or QQQQ.TO?

QQQQ.TO is cheaper with a 0.25% expense ratio, compared with 1.46% for QQU.TO.

What is the main difference between QQU.TO and QQQQ.TO?

Both ETFs track NASDAQ-100 Index. They also come from different issuers: Global X and Mackenzie. Their fees differ too: 1.46% for QQU.TO and 0.25% for QQQQ.TO.