TQQQ.TO vs. QQQY.TO
TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) are both Nasdaq-100 funds - TQQQ.TO tracks the Nasdaq-100 Index while QQQY.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 41.12% for QQQY.TO. Their correlation of 0.93 suggests significant overlap in exposure.
Performance
TQQQ.TO vs. QQQY.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 QQQY.TO's 14.40% return.
TQQQ.TO
- 1D
- -10.09%
- 1M
- -4.73%
- YTD
- 38.31%
- 6M
- 32.51%
- 1Y
- 93.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY.TO
- 1D
- -3.49%
- 1M
- -0.03%
- YTD
- 14.40%
- 6M
- 13.17%
- 1Y
- 41.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ.TO vs. QQQY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 38.31% | 38.56% |
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund | 14.40% | 23.00% |
Correlation
The correlation between TQQQ.TO and QQQY.TO is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.93 |
The correlation between TQQQ.TO and QQQY.TO has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
TQQQ.TO vs. QQQY.TO — Risk / Return Rank
TQQQ.TO
QQQY.TO
TQQQ.TO vs. QQQY.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 Enhanced Yield Index Fund (QQQY.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 | QQQY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.77 | -0.31 |
| Martin ratioReturn relative to average drawdown | 7.67 | 10.49 | -2.82 |
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Drawdowns
TQQQ.TO vs. QQQY.TO - Drawdown Comparison
The maximum TQQQ.TO drawdown since its inception was -38.15%, which is greater than QQQY.TO's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and QQQY.TO.
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Drawdown Indicators
| TQQQ.TO | QQQY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -26.27% | -11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -14.91% | -23.24% |
Current DrawdownCurrent decline from peak | -14.99% | -5.34% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -4.02% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 3.93% | +8.27% |
Volatility
TQQQ.TO vs. QQQY.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 Enhanced Yield Index Fund (QQQY.TO) at 9.19%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than QQQY.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 | QQQY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.08% | 9.19% | +17.89% |
Volatility (6M)Calculated over the trailing 6-month period | 43.38% | 16.31% | +27.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 20.47% | +32.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.03% | 24.19% | +28.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.03% | 24.19% | +28.84% |
Dividends
TQQQ.TO vs. QQQY.TO - Dividend Comparison
TQQQ.TO has not paid dividends to shareholders, while QQQY.TO's dividend yield for the trailing twelve months is around 12.96%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund | 12.96% | 13.97% | 15.92% | 2.73% |
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 QQQY.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 QQQY.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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