SLVD.TO vs. QQCL.TO
SLVD.TO (BetaPro Silver -2x Daily Bear ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - SLVD.TO is a Inverse Commodities fund actively managed by Global X, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, SLVD.TO returned -87.68% vs 42.71% for QQCL.TO. At a correlation of -0.09, they often move in opposite directions.
Performance
SLVD.TO vs. QQCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SLVD.TO achieves a -42.44% return, which is significantly lower than QQCL.TO's 24.17% return.
SLVD.TO
- 1D
- -3.62%
- 1M
- 52.50%
- YTD
- -42.44%
- 6M
- -34.47%
- 1Y
- -87.68%
- 3Y*
- -66.21%
- 5Y*
- -61.43%
- 10Y*
- -54.09%
QQCL.TO
- 1D
- 1.94%
- 1M
- 4.61%
- YTD
- 24.17%
- 6M
- 23.29%
- 1Y
- 42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLVD.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SLVD.TO BetaPro Silver -2x Daily Bear ETF | -42.44% | -87.00% | -41.80% | -17.84% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 24.17% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between SLVD.TO and QQCL.TO is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.09 |
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Return for Risk
SLVD.TO vs. QQCL.TO — Risk / Return Rank
SLVD.TO
QQCL.TO
SLVD.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Silver -2x Daily Bear ETF (SLVD.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.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.
| SLVD.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.95 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.43 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 4.01 | -4.95 |
| Martin ratioReturn relative to average drawdown | -1.24 | 14.50 | -15.74 |
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Drawdowns
SLVD.TO vs. QQCL.TO - Drawdown Comparison
The maximum SLVD.TO drawdown since its inception was -100.00%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for SLVD.TO and QQCL.TO.
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Drawdown Indicators
| SLVD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -25.63% | -74.37% |
Max Drawdown (1Y)Largest decline over 1 year | -93.85% | -10.70% | -83.15% |
Max Drawdown (3Y)Largest decline over 3 years | -98.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -89.01% | -3.29% | -85.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.81% | 2.95% | +67.86% |
Volatility
SLVD.TO vs. QQCL.TO - Volatility Comparison
BetaPro Silver -2x Daily Bear ETF (SLVD.TO) has a higher volatility of 30.69% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 9.02%. This indicates that SLVD.TO's price experiences larger fluctuations and is considered to be riskier than QQCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLVD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.69% | 9.02% | +21.67% |
Volatility (6M)Calculated over the trailing 6-month period | 104.34% | 14.94% | +89.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.11% | 17.85% | +102.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.56% | 20.77% | +60.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.25% | 20.77% | +52.48% |
Dividends
SLVD.TO vs. QQCL.TO - Dividend Comparison
SLVD.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 12.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 12.99% | 14.54% | 11.87% | 3.68% |
SLVD.TO BetaPro Silver -2x Daily Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLVD.TO and QQCL.TO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVD.TO is categorized as Inverse Commodities, while QQCL.TO is Nasdaq-100.
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