TQQQ.TO vs. QQQQ.TO

Last updated Jun 24, 2026

TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both Nasdaq-100 funds - TQQQ.TO tracks the Nasdaq-100 Index while QQQQ.TO tracks the NASDAQ-100 Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

TQQQ.TO vs. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly higher than QQQQ.TO's 20.59% return.

TQQQ.TO

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

QQQQ.TO

• 1D: -2.71%
• 1M: 2.61%
• YTD: 20.59%
• 6M: 19.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	38.31%	11.62%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	20.59%	7.09%

Correlation

The correlation between TQQQ.TO and QQQQ.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 19, 2025	0.59

Return for Risk

TQQQ.TO vs. QQQQ.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: 51
TQQQ.TO Sharpe Ratio Rank: 56
TQQQ.TO Sortino Ratio Rank: 46
TQQQ.TO Omega Ratio Rank: 49
TQQQ.TO Calmar Ratio Rank: 53
TQQQ.TO Martin Ratio Rank: 48

QQQQ.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.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	QQQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.46	—	—
Martin ratio: Return relative to average drawdown	7.67	—	—

Drawdowns

TQQQ.TO vs. QQQQ.TO - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, which is greater than QQQQ.TO's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and QQQQ.TO.

Drawdown Indicators

	TQQQ.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.15%	-12.27%	-25.88%
Max Drawdown (1Y) Largest decline over 1 year	-38.15%	—	—
Current Drawdown Current decline from peak	-14.99%	-2.77%	-12.22%
Average Drawdown Average peak-to-trough decline	-8.56%	-3.16%	-5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.20%	—	—

Volatility

Volatility by Period

	TQQQ.TO	QQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	53.25%	19.23%	+34.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.03%	19.23%	+33.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.03%	19.23%	+33.80%

Dividends

TQQQ.TO vs. QQQQ.TO - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while QQQQ.TO's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	0.00%	0.00%

Frequently Asked Questions

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

TQQQ.TO and QQQQ.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 TQQQ.TO and QQQQ.TO?

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