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XEQT.TO vs. QQCL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEQT.TO vs. QQCL.TO

Last updated Jun 14, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, XEQT.TO returned 30.96% vs 42.51% for QQCL.TO. A 0.76 correlation means they provide meaningful diversification when combined. XEQT.TO charges 0.20%/yr vs 0.85%/yr for QQCL.TO.

Performance

XEQT.TO vs. QQCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.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, XEQT.TO achieves a 12.26% return, which is significantly lower than QQCL.TO's 18.82% return.

XEQT.TO

1D
0.63%
1M
3.45%
YTD
12.26%
6M
12.73%
1Y
30.96%
3Y*
21.81%
5Y*
13.69%
10Y*
—

QQCL.TO

1D
0.99%
1M
4.13%
YTD
18.82%
6M
19.27%
1Y
42.51%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEQT.TO vs. QQCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
XEQT.TO
iShares Core Equity ETF Portfolio		12.26%20.57%24.38%7.65%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		18.82%13.10%41.38%4.96%

Correlation

The correlation between XEQT.TO and QQCL.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.77

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2023

0.76

The correlation between XEQT.TO and QQCL.TO has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

XEQT.TO vs. QQCL.TO - Sectors Allocation Comparison

Sectors
XEQT.TO
QQCL.TO

Financial Services

24.1%
0.2%

Technology

20.6%
50.0%

Energy

11.7%
0.6%

Basic Materials

11.2%
1.3%

Industrials

9.8%
3.4%

Consumer Cyclical

6.1%
12.5%

Communication Services

5.0%
16.4%

Healthcare

3.6%
5.3%

Consumer Defensive

3.4%
8.6%

Utilities

2.7%
1.6%

Real Estate

1.8%
0.1%

Financial Services

XEQT.TO
24.1%
QQCL.TO
0.2%

Technology

XEQT.TO
20.6%
QQCL.TO
50.0%

Energy

XEQT.TO
11.7%
QQCL.TO
0.6%

Basic Materials

XEQT.TO
11.2%
QQCL.TO
1.3%

Industrials

XEQT.TO
9.8%
QQCL.TO
3.4%

Consumer Cyclical

XEQT.TO
6.1%
QQCL.TO
12.5%

Communication Services

XEQT.TO
5.0%
QQCL.TO
16.4%

Healthcare

XEQT.TO
3.6%
QQCL.TO
5.3%

Consumer Defensive

XEQT.TO
3.4%
QQCL.TO
8.6%

Utilities

XEQT.TO
2.7%
QQCL.TO
1.6%

Real Estate

XEQT.TO
1.8%
QQCL.TO
0.1%

Compare stocks, funds, or ETFs

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iShares Core Equity ETF Portfolio

Global X Enhanced NASDAQ-100 Covered Call ETF

Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO
Often compared with QQCL.TO:
QQCL.TO vs. QQC.TOQQCL.TO vs. QQCC.TOQQCL.TO vs. HYLDQQCL.TO vs. QMAX.TOQQCL.TO vs. QYLDQQCL.TO vs. QQQY.TOQQCL.TO vs. HTAE.TO

Return for Risk

XEQT.TO vs. QQCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEQT.TO
XEQT.TO Risk / Return Rank: 8484
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8585
Martin Ratio Rank
QQCL.TO
QQCL.TO Risk / Return Rank: 8484
Overall Rank
QQCL.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 8585
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 8383
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.

XEQT.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.

XEQT.TOQQCL.TODifference
Sharpe ratioReturn per unit of total volatility
2.43
2.46

-0.03

Sortino ratioReturn per unit of downside risk
3.31
3.19

+0.13

Omega ratioGain probability vs. loss probability

1.45

1.45

0.00

Calmar ratioReturn relative to maximum drawdown

3.59

3.90

-0.32

Martin ratioReturn relative to average drawdown

15.41

14.28

+1.14

XEQT.TO vs. QQCL.TO - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 2.43, which is comparable to the QQCL.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of XEQT.TO and QQCL.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

XEQT.TO vs. QQCL.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, 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 XEQT.TO and QQCL.TO.

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Drawdown Indicators

XEQT.TOQQCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-25.63%

-4.11%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-10.70%

+2.45%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

—

—

Current Drawdown

Current decline from peak

-0.84%

-1.68%

+0.84%

Average Drawdown

Average peak-to-trough decline

-4.09%

-3.32%

-0.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

2.92%

-1.00%

Volatility

XEQT.TO vs. QQCL.TO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 5.02%, while Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a volatility of 7.65%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky 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

XEQT.TOQQCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.02%

7.65%

-2.63%

Volatility (6M)

Calculated over the trailing 6-month period

10.06%

14.09%

-4.03%

Volatility (1Y)

Calculated over the trailing 1-year period

12.17%

16.95%

-4.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

20.63%

-7.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.58%

20.63%

-5.05%

XEQT.TO vs. QQCL.TO - Expense Ratio Comparison

XEQT.TO has a 0.20% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.

Dividends

XEQT.TO vs. QQCL.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, less than QQCL.TO's 13.37% yield.

PositionTTM2025202420232022202120202019
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		13.37%14.54%11.87%3.68%0.00%0.00%0.00%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.03%2.09%2.14%1.66%1.69%1.21%

Frequently Asked Questions

XEQT.TO and QQCL.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.85% for QQCL.TO.

XEQT.TO is categorized as Global Equities, while QQCL.TO is Nasdaq-100. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XEQT.TO and 0.85% for QQCL.TO.

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