RING.TO vs. QQCC.TO
RING.TO (Global X Equal Weight Canadian Telecommunications Index ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - RING.TO is a Communications Equities fund actively managed by Global X, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past year, RING.TO returned -8.67% vs 28.16% for QQCC.TO. At a correlation of -0.11, they often move in opposite directions.
Performance
RING.TO vs. QQCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RING.TO achieves a -8.72% return, which is significantly lower than QQCC.TO's 15.96% return.
RING.TO
- 1D
- 1.56%
- 1M
- -10.93%
- 6M
- -9.56%
- YTD
- -8.72%
- 1Y
- -8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQCC.TO
- 1D
- -0.42%
- 1M
- -1.92%
- 6M
- 13.52%
- YTD
- 15.96%
- 1Y
- 28.16%
- 3Y*
- 21.92%
- 5Y*
- 0.37%
- 10Y*
- 0.84%
RING.TO vs. QQCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RING.TO Global X Equal Weight Canadian Telecommunications Index ETF | -8.72% | 10.75% | -9.24% |
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 15.96% | 11.64% | 4.45% |
Correlation
The correlation between RING.TO and QQCC.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | -0.11 |
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Return for Risk
RING.TO vs. QQCC.TO — Risk / Return Rank
RING.TO
QQCC.TO
RING.TO vs. QQCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Telecommunications Index ETF (RING.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.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.
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.
| RING.TO | QQCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.34 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.47 | -3.97 |
| Martin ratioReturn relative to average drawdown | -1.42 | 11.96 | -13.38 |
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Drawdowns
RING.TO vs. QQCC.TO - Drawdown Comparison
The maximum RING.TO drawdown since its inception was -20.62%, smaller than the maximum QQCC.TO drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for RING.TO and QQCC.TO.
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Drawdown Indicators
| RING.TO | QQCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -67.77% | +47.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -8.15% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.91% | — |
Current DrawdownCurrent decline from peak | -14.76% | -23.27% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -28.24% | +21.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 2.36% | +3.77% |
Volatility
RING.TO vs. QQCC.TO - Volatility Comparison
Global X Equal Weight Canadian Telecommunications Index ETF (RING.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.TO) have volatilities of 6.61% and 6.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RING.TO | QQCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 6.40% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 12.82% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 15.19% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 28.46% | -11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 23.33% | -6.63% |
Dividends
RING.TO vs. QQCC.TO - Dividend Comparison
RING.TO's dividend yield for the trailing twelve months is around 6.41%, less than QQCC.TO's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 10.73% | 11.27% | 9.84% | 11.79% | 11.06% | 2.58% | 2.92% | 3.14% | 3.96% | 3.00% | 3.36% | 4.44% |
RING.TO Global X Equal Weight Canadian Telecommunications Index ETF | 6.41% | 6.32% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RING.TO and QQCC.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING.TO is categorized as Communications Equities, while QQCC.TO is Nasdaq-100.
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