TCND.TO vs. TQQQ.TO

Last updated Jun 4, 2026

TCND.TO (BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF) and TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) are both exchange-traded funds - TCND.TO is a Leveraged Equities fund tracking the S&P/TSX 60 Index, while TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

TCND.TO vs. TQQQ.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 BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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 23.35% return, which is significantly lower than TQQQ.TO's 61.21% return.

TCND.TO

• 1D: -2.58%
• 1M: 9.78%
• YTD: 23.35%
• 6M: 32.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ.TO

• 1D: -0.92%
• 1M: 32.95%
• YTD: 61.21%
• 6M: 52.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	23.35%	41.62%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	61.21%	9.92%

Correlation

The correlation between TCND.TO and TQQQ.TO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.59

Return for Risk

TCND.TO vs. TQQQ.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 BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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	TQQQ.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.77	2.86	-0.09

Drawdowns

TCND.TO vs. TQQQ.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, smaller than the maximum TQQQ.TO drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for TCND.TO and TQQQ.TO.

Drawdown Indicators

	TCND.TO	TQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-38.15%	+16.09%
Current Drawdown Current decline from peak	-2.58%	-0.92%	-1.66%
Average Drawdown Average peak-to-trough decline	-3.58%	-8.46%	+4.88%

Volatility

Volatility by Period

	TCND.TO	TQQQ.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	36.17%	47.75%	-11.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.17%	47.75%	-11.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.17%	47.75%	-11.58%

Dividends

TCND.TO vs. TQQQ.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TCND.TO and TQQQ.TO in my portfolio?

TCND.TO and TQQQ.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TCND.TO and TQQQ.TO?

TCND.TO is categorized as Leveraged Equities, while TQQQ.TO is Nasdaq-100. TCND.TO tracks S&P/TSX 60 Index, while TQQQ.TO tracks Nasdaq-100 Index.