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

QQU.TO vs. TQQQ

Last updated Jun 24, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - QQU.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, QQU.TO returned 33.50%/yr vs 46.92%/yr for TQQQ. Their correlation of 0.94 suggests significant overlap in exposure. QQU.TO charges 1.46%/yr vs 0.95%/yr for TQQQ.

Performance

QQU.TO vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQU.TO is traded in CAD, while TQQQ is traded in USD. To make them comparable, the TQQQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQU.TO achieves a 28.32% return, which is significantly lower than TQQQ's 46.22% return. Over the past 10 years, QQU.TO has underperformed TQQQ with an annualized return of 33.50%, while TQQQ has yielded a comparatively higher 46.92% annualized return.

QQU.TO

1D
-6.44%
1M
-2.00%
YTD
28.32%
6M
24.84%
1Y
62.53%
3Y*
40.42%
5Y*
18.70%
10Y*
33.50%

TQQQ

1D
-9.96%
1M
-1.71%
YTD
46.22%
6M
39.80%
1Y
106.82%
3Y*
61.97%
5Y*
24.93%
10Y*
46.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQU.TO vs. TQQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		28.32%26.77%40.01%114.00%-61.73%52.24%83.67%80.29%-11.04%68.61%
TQQQ
ProShares UltraPro QQQ		46.22%28.22%71.67%190.95%-77.77%82.89%105.07%124.20%-13.04%103.30%

Correlation

The correlation between QQU.TO and TQQQ is 0.93, 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

0.93

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

0.95

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

0.96

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

0.95

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.94

The correlation between QQU.TO and TQQQ has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

QQU.TO vs. TQQQ - Sectors Allocation Comparison

Sectors
QQU.TO
TQQQ

Technology

58.5%
53.8%

Communication Services

14.3%
15.8%

Consumer Cyclical

11.4%
12.3%

Consumer Defensive

6.4%
7.7%

Healthcare

3.7%
4.2%

Industrials

2.8%
2.8%

Utilities

1.2%
1.4%

Basic Materials

1.0%
1.1%

Energy

0.5%
0.6%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQU.TO
58.5%
TQQQ
53.8%

Communication Services

QQU.TO
14.3%
TQQQ
15.8%

Consumer Cyclical

QQU.TO
11.4%
TQQQ
12.3%

Consumer Defensive

QQU.TO
6.4%
TQQQ
7.7%

Healthcare

QQU.TO
3.7%
TQQQ
4.2%

Industrials

QQU.TO
2.8%
TQQQ
2.8%

Utilities

QQU.TO
1.2%
TQQQ
1.4%

Basic Materials

QQU.TO
1.0%
TQQQ
1.1%

Energy

QQU.TO
0.5%
TQQQ
0.6%

Financial Services

QQU.TO
0.2%
TQQQ
0.2%

Real Estate

QQU.TO
0.1%
TQQQ
0.1%

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

ProShares UltraPro QQQ

Often compared with QQU.TO:
QQU.TO vs. QLDQQU.TO vs. QQC.TOQQU.TO vs. XQQU.TOQQU.TO vs. VCN.TOQQU.TO vs. XQQ.TOQQU.TO vs. ZQQ.TOQQU.TO vs. QMAX.TO
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. UPROTQQQ vs. SPXLTQQQ vs. TECL

Return for Risk

QQU.TO vs. TQQQ — 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: 5151
Overall Rank
QQU.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 5050
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 5050
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 5353
Overall Rank
TQQQ Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 4747
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 4949
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 5757
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 5252
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. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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.TOTQQQDifference
Sharpe ratioReturn per unit of total volatility
1.77
2.02

-0.25

Sortino ratioReturn per unit of downside risk
2.23
2.37

-0.14

Omega ratioGain probability vs. loss probability

1.30

1.32

-0.02

Calmar ratioReturn relative to maximum drawdown

2.43

2.89

-0.46

Martin ratioReturn relative to average drawdown

8.11

8.89

-0.78

QQU.TO vs. TQQQ - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 1.77, which is comparable to the TQQQ Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of QQU.TO and TQQQ, 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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Drawdowns

QQU.TO vs. TQQQ - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -64.81%, smaller than the maximum TQQQ drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for QQU.TO and TQQQ.

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Drawdown Indicators

QQU.TOTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-64.81%

-80.32%

+15.51%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-37.15%

+11.30%

Max Drawdown (3Y)

Largest decline over 3 years

-43.00%

-58.00%

+15.00%

Max Drawdown (5Y)

Largest decline over 5 years

-64.81%

-80.32%

+15.51%

Max Drawdown (10Y)

Largest decline over 10 years

-64.81%

-80.32%

+15.51%

Current Drawdown

Current decline from peak

-9.19%

-12.68%

+3.49%

Average Drawdown

Average peak-to-trough decline

-11.82%

-17.75%

+5.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.74%

12.06%

-4.32%

Volatility

QQU.TO vs. TQQQ - Volatility Comparison

The current volatility for BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) is 17.85%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.51%. This indicates that QQU.TO experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQU.TOTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.85%

27.51%

-9.66%

Volatility (6M)

Calculated over the trailing 6-month period

29.07%

43.40%

-14.33%

Volatility (1Y)

Calculated over the trailing 1-year period

35.60%

53.29%

-17.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.45%

67.50%

-22.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.11%

66.59%

-21.48%

QQU.TO vs. TQQQ - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

QQU.TO vs. TQQQ - Dividend Comparison

QQU.TO has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.42%.

PositionTTM20252024202320222021202020192018201720162015
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%
TQQQ
ProShares UltraPro QQQ		0.42%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Frequently Asked Questions

With a correlation of 0.93, QQU.TO and TQQQ 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, TQQQ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TQQQ is cheaper with a 0.95% expense ratio, compared with 1.46% for QQU.TO.

QQU.TO is categorized as Nasdaq-100, while TQQQ is Leveraged Equities. QQU.TO tracks NASDAQ-100 Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Global X and ProShares. Their fees differ too: 1.46% for QQU.TO and 0.95% for TQQQ.

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