QQU.TO vs. TCND.TO

Last updated Jun 5, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) are both exchange-traded funds - QQU.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while TCND.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

QQU.TO vs. TCND.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 BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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 TCND.TO's 28.05% 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%

TCND.TO

• 1D: 3.81%
• 1M: 14.65%
• YTD: 28.05%
• 6M: 31.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	39.04%	7.96%
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	28.05%	41.62%

Correlation

The correlation between QQU.TO and TCND.TO is 0.58, 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 13, 2025	0.58

Return for Risk

QQU.TO vs. TCND.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

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. TCND.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 BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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	TCND.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	—	—
Sortino ratio: Return per unit of downside risk	2.95	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	10.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQU.TO	TCND.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	—	—
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	3.00	-2.45

Drawdowns

QQU.TO vs. TCND.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than TCND.TO's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for QQU.TO and TCND.TO.

Drawdown Indicators

	QQU.TO	TCND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-22.06%	-56.45%
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	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	-1.60%	0.00%	-1.60%
Average Drawdown Average peak-to-trough decline	-17.02%	-3.56%	-13.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	—	—

Volatility

Volatility by Period

	QQU.TO	TCND.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.70%	36.29%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.84%	36.29%	+8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.85%	36.29%	+8.56%

Dividends

QQU.TO vs. TCND.TO - Dividend Comparison

Neither QQU.TO nor TCND.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

QQU.TO and TCND.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

QQU.TO is categorized as Nasdaq-100, while TCND.TO is Leveraged Equities. QQU.TO tracks NASDAQ-100 Index, while TCND.TO tracks S&P/TSX 60 Index.