SOXU.TO vs. QQQL.TO
SOXU.TO (MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF) and QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) are both exchange-traded funds - SOXU.TO is a Leveraged Equities fund tracking the Solactive US Semiconductor 30 Capped Index, while QQQL.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, SOXU.TO returned 1463.55% vs 54.14% for QQQL.TO. At a 0.42 correlation, their price movements are largely independent. SOXU.TO charges 1.81%/yr vs 0.49%/yr for QQQL.TO.
Performance
SOXU.TO vs. QQQL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOXU.TO achieves a 499.09% return, which is significantly higher than QQQL.TO's 26.16% return.
SOXU.TO
- 1D
- -6.24%
- 1M
- 86.36%
- YTD
- 499.09%
- 6M
- 462.27%
- 1Y
- 1,463.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQL.TO
- 1D
- -1.84%
- 1M
- 14.34%
- YTD
- 26.16%
- 6M
- 22.04%
- 1Y
- 54.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXU.TO vs. QQQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF | 499.09% | 169.76% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 26.16% | 25.88% |
Correlation
The correlation between SOXU.TO and QQQL.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 26, 2025 | 0.42 |
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Return for Risk
SOXU.TO vs. QQQL.TO — Risk / Return Rank
SOXU.TO
QQQL.TO
SOXU.TO vs. QQQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) and Global X Enhanced Nasdaq-100 Index ETF (QQQL.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.
| SOXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.65 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 34.61 | 4.29 | +30.32 |
| Martin ratioReturn relative to average drawdown | 116.37 | 11.30 | +105.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 14.51 | 2.86 | +11.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 13.84 | 1.33 | +12.50 |
Drawdowns
SOXU.TO vs. QQQL.TO - Drawdown Comparison
The maximum SOXU.TO drawdown since its inception was -42.78%, which is greater than QQQL.TO's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for SOXU.TO and QQQL.TO.
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Drawdown Indicators
| SOXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.78% | -27.82% | -14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -42.78% | -12.69% | -30.09% |
Current DrawdownCurrent decline from peak | -6.24% | -1.84% | -4.40% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -4.87% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.70% | 4.80% | +7.90% |
Volatility
SOXU.TO vs. QQQL.TO - Volatility Comparison
MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) has a higher volatility of 40.56% compared to Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) at 6.13%. This indicates that SOXU.TO's price experiences larger fluctuations and is considered to be riskier than QQQL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOXU.TO | QQQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.56% | 6.13% | +34.43% |
Volatility (6M)Calculated over the trailing 6-month period | 81.38% | 14.00% | +67.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.09% | 18.99% | +83.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.29% | 25.73% | +75.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.29% | 25.73% | +75.56% |
SOXU.TO vs. QQQL.TO - Expense Ratio Comparison
SOXU.TO has a 1.81% expense ratio, which is higher than QQQL.TO's 0.49% expense ratio.
Dividends
SOXU.TO vs. QQQL.TO - Dividend Comparison
Neither SOXU.TO nor QQQL.TO has paid dividends to shareholders.
Frequently Asked Questions
SOXU.TO and QQQL.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQL.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQL.TO is cheaper with a 0.49% expense ratio, compared with 1.81% for SOXU.TO.
SOXU.TO is categorized as Leveraged Equities, while QQQL.TO is Nasdaq-100. SOXU.TO tracks Solactive US Semiconductor 30 Capped Index, while QQQL.TO tracks NASDAQ-100 Index. They also come from different issuers: LongPoint and Global X. Their fees differ too: 1.81% for SOXU.TO and 0.49% for QQQL.TO.
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