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

QQU.TO vs. ZQQ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO).

QQU.TO and ZQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQU.TO is an actively managed fund by Global X. It was launched on Jun 18, 2008. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010.

Performance

QQU.TO vs. ZQQ.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 BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		-11.89%26.77%40.01%114.00%-61.73%52.20%83.84%80.24%-11.03%68.57%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		-5.43%18.38%24.00%52.52%-33.75%26.68%45.33%37.08%-2.29%31.51%

Returns By Period

In the year-to-date period, QQU.TO achieves a -11.89% return, which is significantly lower than ZQQ.TO's -5.43% return. Over the past 10 years, QQU.TO has outperformed ZQQ.TO with an annualized return of 27.04%, while ZQQ.TO has yielded a comparatively lower 17.28% annualized return.

QQU.TO

1D
1.69%
1M
-8.67%
YTD
-11.89%
6M
-11.12%
1Y
34.93%
3Y*
33.38%
5Y*
13.24%
10Y*
27.04%

ZQQ.TO

1D
1.20%
1M
-4.11%
YTD
-5.43%
6M
-4.10%
1Y
21.50%
3Y*
20.71%
5Y*
11.46%
10Y*
17.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

BMO NASDAQ 100 Equity (CAD Hedged)

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Often compared with ZQQ.TO:
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QQU.TO vs. ZQQ.TO - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than ZQQ.TO's 0.39% expense ratio.

QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)

Return for Risk

QQU.TO vs. ZQQ.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: 4747
Overall Rank
QQU.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 4848
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 4646
Martin Ratio Rank
ZQQ.TO
ZQQ.TO Risk / Return Rank: 5858
Overall Rank
ZQQ.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ZQQ.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
ZQQ.TO Omega Ratio Rank: 5757
Omega Ratio Rank
ZQQ.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
ZQQ.TO Martin Ratio Rank: 5959
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. ZQQ.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 BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.TOZQQ.TODifference

Sharpe ratio

Return per unit of total volatility

0.78

0.97

-0.19

Sortino ratio

Return per unit of downside risk

1.37

1.53

-0.16

Omega ratio

Gain probability vs. loss probability

1.19

1.22

-0.02

Calmar ratio

Return relative to maximum drawdown

1.44

1.73

-0.29

Martin ratio

Return relative to average drawdown

4.63

6.02

-1.39

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. ZQQ.TO - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 0.78, which is comparable to the ZQQ.TO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of QQU.TO and ZQQ.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QQU.TOZQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.78

0.97

-0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.51

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.78

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.83

-0.35

Correlation

The correlation between QQU.TO and ZQQ.TO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQU.TO vs. ZQQ.TO - Dividend Comparison

QQU.TO has not paid dividends to shareholders, while ZQQ.TO's dividend yield for the trailing twelve months is around 0.28%.

TTM20252024202320222021202020192018201720162015
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%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		0.28%0.27%0.37%0.32%0.45%0.14%0.41%0.51%0.64%0.57%1.60%0.81%

Drawdowns

QQU.TO vs. ZQQ.TO - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than ZQQ.TO's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for QQU.TO and ZQQ.TO.

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Drawdown Indicators

QQU.TOZQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.51%

-36.39%

-42.12%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-12.86%

-12.99%

Max Drawdown (5Y)

Largest decline over 5 years

-64.83%

-36.39%

-28.44%

Max Drawdown (10Y)

Largest decline over 10 years

-64.83%

-36.39%

-28.44%

Current Drawdown

Current decline from peak

-19.09%

-8.79%

-10.30%

Average Drawdown

Average peak-to-trough decline

-17.16%

-5.41%

-11.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.04%

3.69%

+4.35%

Volatility

QQU.TO vs. ZQQ.TO - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 13.58% compared to BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) at 6.69%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than ZQQ.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.TOZQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.58%

6.69%

+6.89%

Volatility (6M)

Calculated over the trailing 6-month period

25.58%

12.68%

+12.90%

Volatility (1Y)

Calculated over the trailing 1-year period

44.77%

22.22%

+22.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.87%

22.58%

+22.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.76%

22.36%

+22.40%