QQU.TO vs. QQQT.TO

Last updated Jun 5, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) are both Nasdaq-100 funds - QQU.TO tracks the NASDAQ-100 Index while QQQT.TO tracks the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. Both are passively managed. Over the past year, QQU.TO returned 77.53% vs 62.89% for QQQT.TO. Their correlation of 0.85 suggests significant overlap in exposure. QQU.TO charges 1.46%/yr vs 0.25%/yr for QQQT.TO.

Performance

QQU.TO vs. QQQT.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 Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.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 39.04% return, which is significantly higher than QQQT.TO's 29.42% 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%

QQQT.TO

• 1D: -1.76%
• 1M: 12.73%
• YTD: 29.42%
• 6M: 27.21%
• 1Y: 62.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	39.04%	26.77%	40.01%	15.68%
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	29.42%	30.06%	28.22%	15.37%

Correlation

The correlation between QQU.TO and QQQT.TO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.85

The correlation between QQU.TO and QQQT.TO has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.

Return for Risk

QQU.TO vs. QQQT.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: 65
QQU.TO Sharpe Ratio Rank: 77
QQU.TO Sortino Ratio Rank: 65
QQU.TO Omega Ratio Rank: 65
QQU.TO Calmar Ratio Rank: 62
QQU.TO Martin Ratio Rank: 59

QQQT.TO

QQQT.TO Risk / Return Rank: 80
QQQT.TO Sharpe Ratio Rank: 88
QQQT.TO Sortino Ratio Rank: 82
QQQT.TO Omega Ratio Rank: 81
QQQT.TO Calmar Ratio Rank: 74
QQQT.TO Martin Ratio Rank: 74

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. QQQT.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 Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.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.TO	QQQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.92	-0.46
Sortino ratio: Return per unit of downside risk	2.95	3.61	-0.66
Omega ratio: Gain probability vs. loss probability	1.38	1.48	-0.10
Calmar ratio: Return relative to maximum drawdown	3.01	3.64	-0.62
Martin ratio: Return relative to average drawdown	10.32	13.73	-3.41
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. QQQT.TO - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 2.46, which is comparable to the QQQT.TO Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of QQU.TO and QQQT.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.

Sharpe Ratios by Period

	QQU.TO	QQQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.92	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.42	-0.87

Drawdowns

QQU.TO vs. QQQT.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than QQQT.TO's maximum drawdown of -30.32%. Use the drawdown chart below to compare losses from any high point for QQU.TO and QQQT.TO.

Drawdown Indicators

	QQU.TO	QQQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-30.32%	-48.19%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-17.37%	-8.48%
Max Drawdown (3Y) Largest decline over 3 years	-43.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	-1.60%	-1.87%	+0.27%
Average Drawdown Average peak-to-trough decline	-17.02%	-5.10%	-11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	4.59%	+2.95%

Volatility

QQU.TO vs. QQQT.TO - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 9.28% compared to Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) at 6.65%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than QQQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQU.TO	QQQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	6.65%	+2.63%
Volatility (6M) Calculated over the trailing 6-month period	24.30%	17.18%	+7.12%
Volatility (1Y) Calculated over the trailing 1-year period	31.70%	21.68%	+10.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.84%	26.24%	+18.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.85%	26.24%	+18.61%

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

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

Dividends

QQU.TO vs. QQQT.TO - Dividend Comparison

QQU.TO has not paid dividends to shareholders, while QQQT.TO's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024	2023
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	0.23%	0.30%	0.38%	0.25%
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 0.94, QQU.TO and QQQT.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.

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

On fees, QQQT.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 QQQT.TO?

QQQT.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 QQQT.TO?

QQU.TO tracks NASDAQ-100 Index, while QQQT.TO tracks Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. They also come from different issuers: Global X and Evolve. Their fees differ too: 1.46% for QQU.TO and 0.25% for QQQT.TO.