TQQQ.TO vs. AMHE.TO
TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and AMHE.TO (Harvest Amazon Enhanced High Income Shares ETF - Class A Units) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while AMHE.TO is a Leveraged Equities fund actively managed by Harvest. TQQQ.TO is passively managed, while AMHE.TO is actively managed. Over the past year, TQQQ.TO returned 93.21% vs 18.13% for AMHE.TO. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
TQQQ.TO vs. AMHE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly higher than AMHE.TO's 3.18% return.
TQQQ.TO
- 1D
- -10.09%
- 1M
- -4.73%
- YTD
- 38.31%
- 6M
- 32.51%
- 1Y
- 93.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMHE.TO
- 1D
- 1.09%
- 1M
- -11.12%
- YTD
- 3.18%
- 6M
- 3.02%
- 1Y
- 18.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ.TO vs. AMHE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 38.31% | 38.56% |
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units | 3.18% | 12.03% |
Correlation
The correlation between TQQQ.TO and AMHE.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.60 |
The correlation between TQQQ.TO and AMHE.TO has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.
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Return for Risk
TQQQ.TO vs. AMHE.TO — Risk / Return Rank
TQQQ.TO
AMHE.TO
TQQQ.TO vs. AMHE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) and Harvest Amazon Enhanced High Income Shares ETF - Class A Units (AMHE.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.
| TQQQ.TO | AMHE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.12 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.72 | +1.73 |
| Martin ratioReturn relative to average drawdown | 7.67 | 1.80 | +5.87 |
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Drawdowns
TQQQ.TO vs. AMHE.TO - Drawdown Comparison
The maximum TQQQ.TO drawdown since its inception was -38.15%, roughly equal to the maximum AMHE.TO drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and AMHE.TO.
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Drawdown Indicators
| TQQQ.TO | AMHE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -36.83% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -25.14% | -13.01% |
Current DrawdownCurrent decline from peak | -14.99% | -14.08% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -10.79% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 10.12% | +2.08% |
Volatility
TQQQ.TO vs. AMHE.TO - Volatility Comparison
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a higher volatility of 27.08% compared to Harvest Amazon Enhanced High Income Shares ETF - Class A Units (AMHE.TO) at 11.68%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than AMHE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ.TO | AMHE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.08% | 11.68% | +15.40% |
Volatility (6M)Calculated over the trailing 6-month period | 43.38% | 23.75% | +19.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 33.07% | +20.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.03% | 36.18% | +16.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.03% | 36.18% | +16.85% |
Dividends
TQQQ.TO vs. AMHE.TO - Dividend Comparison
TQQQ.TO has not paid dividends to shareholders, while AMHE.TO's dividend yield for the trailing twelve months is around 15.09%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMHE.TO Harvest Amazon Enhanced High Income Shares ETF - Class A Units | 15.09% | 14.31% | 4.24% |
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TQQQ.TO and AMHE.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ.TO is categorized as Nasdaq-100, while AMHE.TO is Leveraged Equities. They also come from different issuers: Global X and Harvest.
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