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QQU.TO vs. QQQX.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQU.TO vs. QQQX.TO

Last updated Jun 5, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and QQQX.TO (Global X Nasdaq-100 Index ETF) are both Nasdaq-100 funds from Global X - QQU.TO tracks the NASDAQ-100 Index while QQQX.TO tracks the Nasdaq-100 Index. Both are passively managed. Over the past year, QQU.TO returned 77.53% vs 43.14% for QQQX.TO. Their correlation of 0.91 suggests significant overlap in exposure. QQU.TO charges 1.46%/yr vs 0.15%/yr for QQQX.TO.

Performance

QQU.TO vs. QQQX.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 Global X Nasdaq-100 Index ETF (QQQX.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 QQQX.TO's 22.62% 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%

QQQX.TO

1D
-0.24%
1M
11.24%
YTD
22.62%
6M
19.00%
1Y
43.14%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		39.04%26.77%20.06%
QQQX.TO
Global X Nasdaq-100 Index ETF		22.62%14.55%20.80%

Correlation

The correlation between QQU.TO and QQQX.TO is 0.91, 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

0.91

Correlation (All Time)
Calculated using the full available price history since May 21, 2024

0.91

The correlation between QQU.TO and QQQX.TO has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaPro NASDAQ-100 2x Daily Bull ETF

Global X Nasdaq-100 Index ETF

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 QQQX.TO:
QQQX.TO vs. QQCC.TOQQQX.TO vs. ZNQ.TOQQQX.TO vs. QQCI.TOQQQX.TO vs. ENCC.TOQQQX.TO vs. QQCE.TOQQQX.TO vs. JEPQ.TOQQQX.TO vs. QQCL.TO

Return for Risk

QQU.TO vs. QQQX.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
QQQX.TO
QQQX.TO Risk / Return Rank: 7777
Overall Rank
QQQX.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQX.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
QQQX.TO Omega Ratio Rank: 8181
Omega Ratio Rank
QQQX.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
QQQX.TO Martin Ratio Rank: 6464
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. QQQX.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 Global X Nasdaq-100 Index ETF (QQQX.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.TOQQQX.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
2.71

-0.25

Sortino ratioReturn per unit of downside risk
2.95
3.59

-0.64

Omega ratioGain probability vs. loss probability

1.38

1.47

-0.09

Calmar ratioReturn relative to maximum drawdown

3.01

3.56

-0.54

Martin ratioReturn relative to average drawdown

10.32

11.44

-1.12

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. QQQX.TO - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 2.46, which is comparable to the QQQX.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of QQU.TO and QQQX.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.TOQQQX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.71

-0.25

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

1.43

-0.88

Drawdowns

QQU.TO vs. QQQX.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than QQQX.TO's maximum drawdown of -22.62%. Use the drawdown chart below to compare losses from any high point for QQU.TO and QQQX.TO.

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Drawdown Indicators

QQU.TOQQQX.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.51%

-22.62%

-55.89%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-12.18%

-13.67%

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%

-0.24%

-1.36%

Average Drawdown

Average peak-to-trough decline

-17.02%

-3.95%

-13.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.54%

3.78%

+3.76%

Volatility

QQU.TO vs. QQQX.TO - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 9.28% compared to Global X Nasdaq-100 Index ETF (QQQX.TO) at 4.72%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than QQQX.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.TOQQQX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.28%

4.72%

+4.56%

Volatility (6M)

Calculated over the trailing 6-month period

24.30%

11.94%

+12.36%

Volatility (1Y)

Calculated over the trailing 1-year period

31.70%

16.01%

+15.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.84%

20.72%

+24.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.85%

20.72%

+24.13%

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

QQU.TO has a 1.46% expense ratio, which is higher than QQQX.TO's 0.15% expense ratio.

Dividends

QQU.TO vs. QQQX.TO - Dividend Comparison

QQU.TO has not paid dividends to shareholders, while QQQX.TO's dividend yield for the trailing twelve months is around 0.29%.

PositionTTM20252024
QQQX.TO
Global X Nasdaq-100 Index ETF		0.29%0.35%0.14%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, QQU.TO and QQQX.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, QQQX.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQX.TO is cheaper with a 0.15% expense ratio, compared with 1.46% for QQU.TO.

QQU.TO tracks NASDAQ-100 Index, while QQQX.TO tracks Nasdaq-100 Index. Their fees differ too: 1.46% for QQU.TO and 0.15% for QQQX.TO.

Portfolio Optimizer

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