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VOLX.TO vs. QQCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOLX.TO vs. QQCC.TO

Last updated Jul 14, 2026
Documentation

VOLX.TO (BetaPro S&P 500 VIX Short-Term Futures ETF) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both exchange-traded funds - VOLX.TO is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index, while QQCC.TO is a Nasdaq-100 fund managed by Global X. Over the past 10 years, VOLX.TO returned -50.16%/yr vs 0.83%/yr for QQCC.TO. At a correlation of -0.49, they often move in opposite directions.

Performance

VOLX.TO vs. QQCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VOLX.TO achieves a -18.74% return, which is significantly lower than QQCC.TO's 15.88% return. Over the past 10 years, VOLX.TO has underperformed QQCC.TO with an annualized return of -50.16%, while QQCC.TO has yielded a comparatively higher 0.83% annualized return.

VOLX.TO

1D
2.91%
1M
-10.26%
6M
-16.74%
YTD
-18.74%
1Y
-52.76%
3Y*
-39.82%
5Y*
-45.79%
10Y*
-50.16%

QQCC.TO

1D
-1.66%
1M
0.54%
6M
12.51%
YTD
15.88%
1Y
28.79%
3Y*
21.89%
5Y*
0.18%
10Y*
0.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOLX.TO vs. QQCC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VOLX.TO
BetaPro S&P 500 VIX Short-Term Futures ETF		-18.74%-43.52%-26.70%-72.47%-22.03%-71.71%14.02%-67.84%68.78%-86.39%
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		15.88%11.64%33.42%35.92%-55.98%5.24%-6.26%12.55%-18.79%15.14%

Correlation

The correlation between VOLX.TO and QQCC.TO is -0.61, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.61

Correlation (3Y)
Calculated over the trailing 3-year period

-0.62

Correlation (5Y)
Calculated over the trailing 5-year period

-0.54

Correlation (10Y)
Calculated over the trailing 10-year period

-0.51

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2011

-0.49

The correlation between VOLX.TO and QQCC.TO shifts across timeframes, from -0.62 (3 years) to -0.49 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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BetaPro S&P 500 VIX Short-Term Futures ETF

Global X NASDAQ-100 Covered Call ETF

Often compared with VOLX.TO:
VOLX.TO vs. CHPS.TOVOLX.TO vs. HBNK.TOVOLX.TO vs. CASH.TOVOLX.TO vs. CBIL.TOVOLX.TO vs. HSAV.TOVOLX.TO vs. QQCL.TOVOLX.TO vs. USCL.TO
Often compared with QQCC.TO:
QQCC.TO vs. QQCL.TOQQCC.TO vs. QQC.TOQQCC.TO vs. QQQIQQCC.TO vs. QQQQQCC.TO vs. XQQ.TOQQCC.TO vs. NVDA.TOQQCC.TO vs. JEPQ.TO

Return for Risk

VOLX.TO vs. QQCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOLX.TO
VOLX.TO Risk / Return Rank: 11
Overall Rank
VOLX.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
VOLX.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
VOLX.TO Omega Ratio Rank: 22
Omega Ratio Rank
VOLX.TO Calmar Ratio Rank: 00
Calmar Ratio Rank
VOLX.TO Martin Ratio Rank: 11
Martin Ratio Rank
QQCC.TO
QQCC.TO Risk / Return Rank: 7777
Overall Rank
QQCC.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQCC.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
QQCC.TO Omega Ratio Rank: 7474
Omega Ratio Rank
QQCC.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
QQCC.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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.

VOLX.TO vs. QQCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) and Global X NASDAQ-100 Covered Call ETF (QQCC.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.

VOLX.TOQQCC.TODifference
Sharpe ratioReturn per unit of total volatility
-0.97
1.91

-2.87

Sortino ratioReturn per unit of downside risk
-1.56
2.57

-4.13

Omega ratioGain probability vs. loss probability

0.83

1.35

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.96

3.55

-4.51

Martin ratioReturn relative to average drawdown

-1.54

12.32

-13.85

VOLX.TO vs. QQCC.TO - Sharpe Ratio Comparison

The current VOLX.TO Sharpe Ratio is -0.97, which is lower than the QQCC.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of VOLX.TO and QQCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VOLX.TO vs. QQCC.TO - Drawdown Comparison

The maximum VOLX.TO drawdown since its inception was -100.00%, which is greater than QQCC.TO's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for VOLX.TO and QQCC.TO.

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Drawdown Indicators

VOLX.TOQQCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-67.77%

-32.23%

Max Drawdown (1Y)

Largest decline over 1 year

-54.90%

-8.15%

-46.75%

Max Drawdown (3Y)

Largest decline over 3 years

-81.25%

-22.24%

-59.01%

Max Drawdown (5Y)

Largest decline over 5 years

-96.21%

-59.13%

-37.08%

Max Drawdown (10Y)

Largest decline over 10 years

-99.91%

-62.91%

-37.00%

Current Drawdown

Current decline from peak

-100.00%

-23.32%

-76.68%

Average Drawdown

Average peak-to-trough decline

-91.94%

-28.24%

-63.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

34.37%

2.34%

+32.03%

Volatility

VOLX.TO vs. QQCC.TO - Volatility Comparison

BetaPro S&P 500 VIX Short-Term Futures ETF (VOLX.TO) has a higher volatility of 12.66% compared to Global X NASDAQ-100 Covered Call ETF (QQCC.TO) at 6.95%. This indicates that VOLX.TO's price experiences larger fluctuations and is considered to be riskier than QQCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOLX.TOQQCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.66%

6.95%

+5.71%

Volatility (6M)

Calculated over the trailing 6-month period

43.18%

12.83%

+30.35%

Volatility (1Y)

Calculated over the trailing 1-year period

54.80%

15.21%

+39.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

66.58%

28.46%

+38.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.22%

23.34%

+47.88%

Dividends

VOLX.TO vs. QQCC.TO - Dividend Comparison

VOLX.TO has not paid dividends to shareholders, while QQCC.TO's dividend yield for the trailing twelve months is around 10.74%.

PositionTTM20252024202320222021202020192018201720162015
QQCC.TO
Global X NASDAQ-100 Covered Call ETF		10.74%11.27%9.84%11.79%11.06%2.58%2.92%3.14%3.96%3.00%3.36%4.44%
VOLX.TO
BetaPro S&P 500 VIX Short-Term Futures 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

VOLX.TO and QQCC.TO have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VOLX.TO is categorized as Volatility, while QQCC.TO is Nasdaq-100.

Portfolio Optimizer

Find the right allocation for VOLX.TO and QQCC.TO

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