TQQQ.TO vs. QQCL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO).

TQQQ.TO and QQCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQQ.TO is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 Index. It was launched on Jun 16, 2025. QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.

Performance

TQQQ.TO vs. QQCL.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 Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	-21.77%	41.06%
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	-4.67%	19.35%

Returns By Period

In the year-to-date period, TQQQ.TO achieves a -21.77% return, which is significantly lower than QQCL.TO's -4.67% return.

TQQQ.TO

• 1D: 10.02%
• 1M: -16.10%
• YTD: -21.77%
• 6M: -20.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQCL.TO

• 1D: 2.65%
• 1M: -3.98%
• YTD: -4.67%
• 6M: -2.53%
• 1Y: 17.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQQ.TO vs. QQCL.TO - Expense Ratio Comparison

QQCL.TO

Global X Enhanced NASDAQ-100 Covered Call ETF

Return for Risk

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

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

QQCL.TO

QQCL.TO Risk / Return Rank: 48
QQCL.TO Sharpe Ratio Rank: 43
QQCL.TO Sortino Ratio Rank: 45
QQCL.TO Omega Ratio Rank: 51
QQCL.TO Calmar Ratio Rank: 49
QQCL.TO Martin Ratio Rank: 51

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. QQCL.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 Enhanced NASDAQ-100 Covered Call ETF (QQCL.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

	TQQQ.TO	QQCL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.03	-0.75

Correlation

The correlation between TQQQ.TO and QQCL.TO is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TQQQ.TO vs. QQCL.TO - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 14.48%.

	TTM	2025	2024	2023
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	0.00%	0.00%	0.00%	0.00%
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF	14.48%	14.54%	11.87%	3.68%

Drawdowns

TQQQ.TO vs. QQCL.TO - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and QQCL.TO.

Drawdown Indicators

	TQQQ.TO	QQCL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.15%	-25.63%	-12.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.21%	—
Current Drawdown Current decline from peak	-31.96%	-8.32%	-23.64%
Average Drawdown Average peak-to-trough decline	-8.95%	-3.48%	-5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.04%	—

Volatility

Volatility by Period

	TQQQ.TO	QQCL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.10%	24.34%	+22.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.10%	20.61%	+26.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.10%	20.61%	+26.49%