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TQQQ.TO vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TQQQ.TO vs. QQQ

Last updated Jun 24, 2026

TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds - TQQQ.TO tracks the Nasdaq-100 Index while QQQ tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, TQQQ.TO returned 93.21% vs 39.06% for QQQ. Their correlation of 0.89 suggests significant overlap in exposure.

Performance

TQQQ.TO vs. QQQ - 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 Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TQQQ.TO is traded in CAD, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly higher than QQQ's 20.44% return.

TQQQ.TO

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

QQQ

1D
-3.36%
1M
2.38%
YTD
20.44%
6M
18.46%
1Y
39.06%
3Y*
29.23%
5Y*
19.33%
10Y*
23.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TQQQ.TO vs. QQQ - Yearly Performance Comparison

2026 (YTD)2025
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF		38.31%38.56%
QQQ
Invesco QQQ ETF		20.39%16.33%

Correlation

The correlation between TQQQ.TO and QQQ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.90

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

0.89

The correlation between TQQQ.TO and QQQ has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

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

Invesco QQQ 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 QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

TQQQ.TO vs. QQQ — 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
QQQ
QQQ Risk / Return Rank: 5959
Overall Rank
QQQ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5858
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6262
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. QQQ - 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 Invesco QQQ ETF (QQQ). 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.TOQQQDifference
Sharpe ratioReturn per unit of total volatility
1.76
2.16

-0.40

Sortino ratioReturn per unit of downside risk
2.16
2.85

-0.69

Omega ratioGain probability vs. loss probability

1.29

1.38

-0.08

Calmar ratioReturn relative to maximum drawdown

2.46

3.21

-0.76

Martin ratioReturn relative to average drawdown

7.67

10.41

-2.74

TQQQ.TO vs. QQQ - Sharpe Ratio Comparison

The current TQQQ.TO Sharpe Ratio is 1.76, which is comparable to the QQQ Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of TQQQ.TO and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TQQQ.TO vs. QQQ - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, roughly equal to the maximum QQQ drawdown of -37.57%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and QQQ.

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Drawdown Indicators

TQQQ.TOQQQDifference

Max Drawdown

Largest peak-to-trough decline

-38.15%

-37.57%

-0.58%

Max Drawdown (1Y)

Largest decline over 1 year

-38.15%

-12.21%

-25.94%

Max Drawdown (3Y)

Largest decline over 3 years

—

-22.62%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.34%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.34%

—

Current Drawdown

Current decline from peak

-14.99%

-3.36%

-11.63%

Average Drawdown

Average peak-to-trough decline

-8.56%

-6.68%

-1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.20%

3.76%

+8.44%

Volatility

TQQQ.TO vs. QQQ - Volatility Comparison

BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a higher volatility of 27.08% compared to Invesco QQQ ETF (QQQ) at 9.43%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TQQQ.TOQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

27.08%

9.43%

+17.65%

Volatility (6M)

Calculated over the trailing 6-month period

43.38%

14.86%

+28.52%

Volatility (1Y)

Calculated over the trailing 1-year period

53.25%

18.20%

+35.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.03%

23.46%

+29.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

53.03%

23.39%

+29.64%

Dividends

TQQQ.TO vs. QQQ - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.43%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
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 QQQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TQQQ.TO tracks Nasdaq-100 Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Global X and Invesco.

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