VOLX.TO vs. QQCL.TO
VOLX.TO (BetaPro S&P 500 VIX Short-Term Futures ETF) and QQCL.TO (Global X Enhanced 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 QQCL.TO is a Nasdaq-100 fund actively managed by Global X. VOLX.TO is passively managed, while QQCL.TO is actively managed. Over the past year, VOLX.TO returned -52.76% vs 36.00% for QQCL.TO. At a correlation of -0.61, they often move in opposite directions.
Performance
VOLX.TO vs. QQCL.TO - Performance Comparison
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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 QQCL.TO's 19.66% 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%
QQCL.TO
- 1D
- -2.08%
- 1M
- 0.71%
- 6M
- 15.44%
- YTD
- 19.66%
- 1Y
- 36.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VOLX.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VOLX.TO BetaPro S&P 500 VIX Short-Term Futures ETF | -18.74% | -43.52% | -26.70% | -31.07% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 19.66% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between VOLX.TO and QQCL.TO is -0.65, 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 | -0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.61 |
The correlation between VOLX.TO and QQCL.TO has been stable across timeframes, ranging from -0.65 to -0.61 - a consistent structural relationship.
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Return for Risk
VOLX.TO vs. QQCL.TO — Risk / Return Rank
VOLX.TO
QQCL.TO
VOLX.TO vs. QQCL.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 Enhanced NASDAQ-100 Covered Call ETF (QQCL.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.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.35 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 3.38 | -4.34 |
| Martin ratioReturn relative to average drawdown | -1.54 | 12.06 | -13.60 |
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Drawdowns
VOLX.TO vs. QQCL.TO - Drawdown Comparison
The maximum VOLX.TO drawdown since its inception was -100.00%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for VOLX.TO and QQCL.TO.
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Drawdown Indicators
| VOLX.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -25.63% | -74.37% |
Max Drawdown (1Y)Largest decline over 1 year | -54.90% | -10.70% | -44.20% |
Max Drawdown (3Y)Largest decline over 3 years | -81.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.91% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -3.63% | -96.37% |
Average DrawdownAverage peak-to-trough decline | -91.94% | -3.28% | -88.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.37% | 2.99% | +31.38% |
Volatility
VOLX.TO vs. QQCL.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 Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 7.90%. This indicates that VOLX.TO's price experiences larger fluctuations and is considered to be riskier than QQCL.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.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.66% | 7.90% | +4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 43.18% | 15.53% | +27.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.80% | 18.48% | +36.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.58% | 20.85% | +45.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.22% | 20.85% | +50.37% |
Dividends
VOLX.TO vs. QQCL.TO - Dividend Comparison
VOLX.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 13.48%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 13.48% | 14.54% | 11.87% | 3.68% |
VOLX.TO BetaPro S&P 500 VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VOLX.TO and QQCL.TO have a correlation of -0.65, 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 QQCL.TO is Nasdaq-100.
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