TQQQ.TO vs. TQQQ

Last updated Jul 1, 2026

TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past year, TQQQ.TO returned 88.41% vs 103.55% for TQQQ. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

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

Different Trading Currencies

TQQQ.TO is traded in CAD, while TQQQ is traded in USD. To make them comparable, the TQQQ 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 50.84% return, which is significantly lower than TQQQ's 59.67% return.

TQQQ.TO

• 1D: 4.66%
• 1M: -4.35%
• YTD: 50.84%
• 6M: 46.98%
• 1Y: 88.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: 5.08%
• 1M: -1.25%
• YTD: 59.67%
• 6M: 55.69%
• 1Y: 103.55%
• 3Y*: 63.54%
• 5Y*: 25.98%
• 10Y*: 46.59%

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

TQQQ.TO vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	50.84%	38.56%
TQQQ ProShares UltraPro QQQ	59.67%	40.98%

Correlation

The correlation between TQQQ.TO and TQQQ is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.93

The correlation between TQQQ.TO and TQQQ has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

TQQQ.TO vs. TQQQ — 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: 52
TQQQ.TO Sharpe Ratio Rank: 57
TQQQ.TO Sortino Ratio Rank: 48
TQQQ.TO Omega Ratio Rank: 51
TQQQ.TO Calmar Ratio Rank: 55
TQQQ.TO Martin Ratio Rank: 49

TQQQ

TQQQ Risk / Return Rank: 57
TQQQ Sharpe Ratio Rank: 64
TQQQ Sortino Ratio Rank: 52
TQQQ Omega Ratio Rank: 54
TQQQ Calmar Ratio Rank: 62
TQQQ Martin Ratio Rank: 55

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. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.93	-0.28
Sortino ratio: Return per unit of downside risk	2.09	2.32	-0.23
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	2.33	2.80	-0.47
Martin ratio: Return relative to average drawdown	7.18	8.54	-1.36

TQQQ.TO vs. TQQQ - Sharpe Ratio Comparison

The current TQQQ.TO Sharpe Ratio is 1.65, which is comparable to the TQQQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of TQQQ.TO and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQQQ.TO vs. TQQQ - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, smaller than the maximum TQQQ drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and TQQQ.

Drawdown Indicators

	TQQQ.TO	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-38.15%	-80.32%	+42.17%
Max Drawdown (1Y) Largest decline over 1 year	-38.15%	-37.15%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.32%	—
Current Drawdown Current decline from peak	-7.30%	-4.65%	-2.65%
Average Drawdown Average peak-to-trough decline	-8.65%	-17.74%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.35%	12.17%	+0.18%

Volatility

TQQQ.TO vs. TQQQ - Volatility Comparison

BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) and ProShares UltraPro QQQ (TQQQ) have volatilities of 28.79% and 28.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQQ.TO	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.79%	28.71%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	44.37%	44.35%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	53.79%	53.94%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.41%	67.64%	-14.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.41%	66.60%	-13.19%

Dividends

TQQQ.TO vs. TQQQ - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQQQ ProShares UltraPro QQQ	0.25%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%
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

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

With a correlation of 0.93, TQQQ.TO and TQQQ 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.

What is the main difference between TQQQ.TO and TQQQ?

TQQQ.TO is categorized as Nasdaq-100, while TQQQ is Leveraged Equities. TQQQ.TO tracks Nasdaq-100 Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Global X and ProShares.