PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TQQQ.TO vs. GLCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TQQQ.TO vs. GLCC.TO

Last updated Jun 24, 2026

TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while GLCC.TO is a Derivative Income fund actively managed by Global X. TQQQ.TO is passively managed, while GLCC.TO is actively managed. Over the past year, TQQQ.TO returned 93.21% vs 46.25% for GLCC.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

TQQQ.TO vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly higher than GLCC.TO's -6.77% return.

TQQQ.TO

1D
-10.09%
1M
-4.73%
YTD
38.31%
6M
32.51%
1Y
93.21%
3Y*
—
5Y*
—
10Y*
—

GLCC.TO

1D
-3.96%
1M
-6.23%
YTD
-6.77%
6M
-10.89%
1Y
46.25%
3Y*
41.21%
5Y*
22.01%
10Y*
13.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF		38.31%38.56%
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		-6.77%58.32%

Correlation

The correlation between TQQQ.TO and GLCC.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2025

0.36

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF

Global X Gold Producer Equity Covered Call ETF

Often compared with TQQQ.TO:
TQQQ.TO vs. SPYTQQQ.TO vs. QQU.TOTQQQ.TO vs. NVDATQQQ.TO vs. USSL.TOTQQQ.TO vs. VOOTQQQ.TO vs. TQQQTQQQ.TO vs. QQCC.TO
Often compared with GLCC.TO:
GLCC.TO vs. AMAX.TOGLCC.TO vs. DXMO.TOGLCC.TO vs. IGLDGLCC.TO vs. GLDI.LGLCC.TO vs. BCCCGLCC.TO vs. WAF.AXGLCC.TO vs. 4GLD.DE

Return for Risk

TQQQ.TO vs. GLCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQQQ.TO
TQQQ.TO Risk / Return Rank: 5151
Overall Rank
TQQQ.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
TQQQ.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
TQQQ.TO Omega Ratio Rank: 4949
Omega Ratio Rank
TQQQ.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
TQQQ.TO Martin Ratio Rank: 4848
Martin Ratio Rank
GLCC.TO
GLCC.TO Risk / Return Rank: 3030
Overall Rank
GLCC.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
GLCC.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
GLCC.TO Omega Ratio Rank: 3232
Omega Ratio Rank
GLCC.TO Calmar Ratio Rank: 2929
Calmar Ratio Rank
GLCC.TO Martin Ratio Rank: 2929
Martin Ratio Rank
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.

TQQQ.TO vs. GLCC.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 Global X Gold Producer Equity Covered Call ETF (GLCC.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.TOGLCC.TODifference
Sharpe ratioReturn per unit of total volatility
1.76
1.06

+0.70

Sortino ratioReturn per unit of downside risk
2.16
1.50

+0.66

Omega ratioGain probability vs. loss probability

1.29

1.21

+0.08

Calmar ratioReturn relative to maximum drawdown

2.46

1.41

+1.05

Martin ratioReturn relative to average drawdown

7.67

3.78

+3.89

TQQQ.TO vs. GLCC.TO - Sharpe Ratio Comparison

The current TQQQ.TO Sharpe Ratio is 1.76, which is higher than the GLCC.TO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of TQQQ.TO and GLCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

TQQQ.TO vs. GLCC.TO - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, smaller than the maximum GLCC.TO drawdown of -81.37%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and GLCC.TO.

Loading charts...

Drawdown Indicators

TQQQ.TOGLCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.15%

-81.37%

+43.22%

Max Drawdown (1Y)

Largest decline over 1 year

-38.15%

-33.03%

-5.12%

Max Drawdown (3Y)

Largest decline over 3 years

—

-33.03%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-37.60%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.83%

—

Current Drawdown

Current decline from peak

-14.99%

-28.29%

+13.30%

Average Drawdown

Average peak-to-trough decline

-8.56%

-53.09%

+44.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.20%

12.28%

-0.08%

Volatility

TQQQ.TO vs. GLCC.TO - Volatility Comparison

BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a higher volatility of 27.08% compared to Global X Gold Producer Equity Covered Call ETF (GLCC.TO) at 15.89%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

TQQQ.TOGLCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

27.08%

15.89%

+11.19%

Volatility (6M)

Calculated over the trailing 6-month period

43.38%

36.66%

+6.72%

Volatility (1Y)

Calculated over the trailing 1-year period

53.25%

43.99%

+9.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.03%

32.49%

+20.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

53.03%

32.24%

+20.79%

Dividends

TQQQ.TO vs. GLCC.TO - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while GLCC.TO's dividend yield for the trailing twelve months is around 9.28%.

PositionTTM20252024202320222021202020192018201720162015
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		9.28%6.01%10.30%11.16%10.08%6.31%6.47%4.58%5.62%7.08%8.75%2.32%
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TQQQ.TO and GLCC.TO have a correlation of 0.36, 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 GLCC.TO is Derivative Income.

Portfolio Optimizer

Find the right allocation for TQQQ.TO and GLCC.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer