TQQQ.TO vs. VOO

Last updated Jun 4, 2026

TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

TQQQ.TO vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TQQQ.TO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO 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 61.21% return, which is significantly higher than VOO's 12.66% return.

TQQQ.TO

• 1D: -0.92%
• 1M: 32.95%
• YTD: 61.21%
• 6M: 52.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.00%
• 1M: 7.45%
• YTD: 12.66%
• 6M: 10.84%
• 1Y: 30.08%
• 3Y*: 23.99%
• 5Y*: 17.22%
• 10Y*: 16.44%

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

TQQQ.TO vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF	61.21%	41.06%
VOO Vanguard S&P 500 ETF	12.32%	15.56%

Correlation

The correlation between TQQQ.TO and VOO is 0.79, 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 Jun 18, 2025	0.79

Return for Risk

TQQQ.TO vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

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

Sharpe Ratios by Period

	TQQQ.TO	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.86	1.15	+1.70

Drawdowns

TQQQ.TO vs. VOO - Drawdown Comparison

The maximum TQQQ.TO drawdown since its inception was -38.15%, which is greater than VOO's maximum drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and VOO.

Drawdown Indicators

	TQQQ.TO	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-38.15%	-27.65%	-10.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.65%	—
Current Drawdown Current decline from peak	-0.92%	0.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-8.46%	-3.24%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.26%	—

Volatility

Volatility by Period

	TQQQ.TO	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.75%	11.64%	+36.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.75%	14.91%	+32.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.75%	16.28%	+31.47%

Dividends

TQQQ.TO vs. VOO - Dividend Comparison

TQQQ.TO has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

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

TQQQ.TO and VOO have a correlation of 0.79, 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 VOO?

TQQQ.TO is categorized as Nasdaq-100, while VOO is S&P 500. TQQQ.TO tracks Nasdaq-100 Index, while VOO tracks S&P 500 Index. They also come from different issuers: Global X and Vanguard.