TCND.TO vs. QQQL.TO

Last updated Apr 5, 2026

Compare and contrast key facts about BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO) and Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO).

TCND.TO and QQQL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCND.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60 Index. It was launched on Aug 11, 2025. QQQL.TO is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Index. It was launched on May 21, 2024. Both TCND.TO and QQQL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TCND.TO vs. QQQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO) and Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCND.TO achieves a 6.11% return, which is significantly higher than QQQL.TO's -6.89% return.

TCND.TO

• 1D: 1.21%
• 1M: -3.57%
• YTD: 6.11%
• 6M: 17.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQL.TO

• 1D: -0.52%
• 1M: -4.56%
• YTD: -6.89%
• 6M: -6.72%
• 1Y: 40.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCND.TO vs. QQQL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	6.11%	41.62%
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	-6.89%	7.08%

Correlation

The correlation between TCND.TO and QQQL.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

TCND.TO vs. QQQL.TO - Expense Ratio Comparison

QQQL.TO

Global X Enhanced Nasdaq-100 Index ETF

Return for Risk

TCND.TO vs. QQQL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQL.TO

QQQL.TO Risk / Return Rank: 51
QQQL.TO Sharpe Ratio Rank: 46
QQQL.TO Sortino Ratio Rank: 52
QQQL.TO Omega Ratio Rank: 64
QQQL.TO Calmar Ratio Rank: 56
QQQL.TO Martin Ratio Rank: 39

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.

TCND.TO vs. QQQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TCND.TO	QQQL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	0.67	+1.74

Drawdowns

TCND.TO vs. QQQL.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, smaller than the maximum QQQL.TO drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for TCND.TO and QQQL.TO.

Drawdown Indicators

	TCND.TO	QQQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-27.82%	+5.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.69%	—
Current Drawdown Current decline from peak	-10.17%	-12.69%	+2.52%
Average Drawdown Average peak-to-trough decline	-3.59%	-5.16%	+1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.09%	—

Volatility

Volatility by Period

	TCND.TO	QQQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.11%	26.96%	+10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.11%	25.77%	+11.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.11%	25.77%	+11.34%

Dividends

TCND.TO vs. QQQL.TO - Dividend Comparison

Neither TCND.TO nor QQQL.TO has paid dividends to shareholders.

Tickers have no history of dividend payments