TQQQ.TO vs. QQQT.TO
TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) are both Nasdaq-100 funds - TQQQ.TO tracks the Nasdaq-100 Index while QQQT.TO tracks the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. Both are passively managed. Over the past year, TQQQ.TO returned 93.21% vs 54.93% for QQQT.TO. Their correlation of 0.95 suggests significant overlap in exposure.
Performance
TQQQ.TO vs. QQQT.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 QQQT.TO's 24.22% return.
TQQQ.TO
- 1D
- -10.09%
- 1M
- -4.73%
- YTD
- 38.31%
- 6M
- 32.51%
- 1Y
- 93.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQT.TO
- 1D
- -3.63%
- 1M
- 1.53%
- YTD
- 24.22%
- 6M
- 22.63%
- 1Y
- 54.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ.TO vs. QQQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 38.31% | 38.56% |
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 24.22% | 23.39% |
Correlation
The correlation between TQQQ.TO and QQQT.TO is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.95 |
The correlation between TQQQ.TO and QQQT.TO has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
TQQQ.TO vs. QQQT.TO — Risk / Return Rank
TQQQ.TO
QQQT.TO
TQQQ.TO vs. QQQT.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 Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.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 | QQQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.18 | -0.72 |
| Martin ratioReturn relative to average drawdown | 7.67 | 11.54 | -3.87 |
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Drawdowns
TQQQ.TO vs. QQQT.TO - Drawdown Comparison
The maximum TQQQ.TO drawdown since its inception was -38.15%, which is greater than QQQT.TO's maximum drawdown of -30.32%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and QQQT.TO.
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Drawdown Indicators
| TQQQ.TO | QQQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -30.32% | -7.83% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -17.37% | -20.78% |
Current DrawdownCurrent decline from peak | -14.99% | -5.82% | -9.17% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -5.42% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 4.77% | +7.43% |
Volatility
TQQQ.TO vs. QQQT.TO - Volatility Comparison
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a higher volatility of 27.08% compared to Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) at 11.82%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than QQQT.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 | QQQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.08% | 11.82% | +15.26% |
Volatility (6M)Calculated over the trailing 6-month period | 43.38% | 19.84% | +23.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 24.19% | +29.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.03% | 30.78% | +22.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.03% | 30.78% | +22.25% |
Dividends
TQQQ.TO vs. QQQT.TO - Dividend Comparison
TQQQ.TO has not paid dividends to shareholders, while QQQT.TO's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 0.24% | 0.30% | 0.39% | 0.26% |
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, TQQQ.TO and QQQT.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TQQQ.TO tracks Nasdaq-100 Index, while QQQT.TO tracks Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. They also come from different issuers: Global X and Evolve.
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