ZQQ.TO vs. QQCC.TO
ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) and QQCC.TO (Global X NASDAQ-100 Covered Call ETF) are both Nasdaq-100 funds. Over the past 10 years, ZQQ.TO returned 20.08%/yr vs 10.87%/yr for QQCC.TO. A 0.55 correlation means they provide meaningful diversification when combined. ZQQ.TO charges 0.39%/yr vs 0.65%/yr for QQCC.TO.
Performance
ZQQ.TO vs. QQCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZQQ.TO achieves a 19.82% return, which is significantly higher than QQCC.TO's 16.94% return. Over the past 10 years, ZQQ.TO has outperformed QQCC.TO with an annualized return of 20.08%, while QQCC.TO has yielded a comparatively lower 10.87% annualized return.
ZQQ.TO
- 1D
- -0.28%
- 1M
- 10.63%
- YTD
- 19.82%
- 6M
- 18.08%
- 1Y
- 38.53%
- 3Y*
- 26.42%
- 5Y*
- 16.12%
- 10Y*
- 20.08%
QQCC.TO
- 1D
- 0.69%
- 1M
- 10.18%
- YTD
- 16.94%
- 6M
- 14.76%
- 1Y
- 35.05%
- 3Y*
- 23.56%
- 5Y*
- 15.67%
- 10Y*
- 10.87%
ZQQ.TO vs. QQCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 19.82% | 18.38% | 24.00% | 52.52% | -33.75% | 26.68% | 45.33% | 37.08% | -2.29% | 31.51% |
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 16.94% | 11.64% | 33.48% | 35.99% | -8.51% | 7.92% | -3.26% | 16.18% | -15.89% | 18.77% |
Correlation
The correlation between ZQQ.TO and QQCC.TO is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2011 | 0.55 |
Over the past year, ZQQ.TO and QQCC.TO have become more correlated (0.86) than their long-term average of 0.55, meaning their price movements have been converging.
ZQQ.TO vs. QQCC.TO - Sectors Allocation Comparison
Sectors
ZQQ.TO
QQCC.TO
Technology
Communication Services
Consumer Cyclical
Consumer Defensive
Healthcare
Industrials
Utilities
Basic Materials
Energy
Financial Services
Real Estate
Technology
ZQQ.TO
QQCC.TO
Communication Services
ZQQ.TO
QQCC.TO
Consumer Cyclical
ZQQ.TO
QQCC.TO
Consumer Defensive
ZQQ.TO
QQCC.TO
Healthcare
ZQQ.TO
QQCC.TO
Industrials
ZQQ.TO
QQCC.TO
Utilities
ZQQ.TO
QQCC.TO
Basic Materials
ZQQ.TO
QQCC.TO
Energy
ZQQ.TO
QQCC.TO
Financial Services
ZQQ.TO
QQCC.TO
Real Estate
ZQQ.TO
QQCC.TO
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Return for Risk
ZQQ.TO vs. QQCC.TO — Risk / Return Rank
ZQQ.TO
QQCC.TO
ZQQ.TO vs. QQCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.
| ZQQ.TO | QQCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.50 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.32 | -1.31 |
| Martin ratioReturn relative to average drawdown | 11.25 | 16.04 | -4.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZQQ.TO | QQCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.76 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.90 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.63 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.00 | +0.91 |
Drawdowns
ZQQ.TO vs. QQCC.TO - Drawdown Comparison
The maximum ZQQ.TO drawdown since its inception was -36.39%, roughly equal to the maximum QQCC.TO drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for ZQQ.TO and QQCC.TO.
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Drawdown Indicators
| ZQQ.TO | QQCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -36.70% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -8.15% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -22.24% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -22.24% | -14.15% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -36.70% | +0.31% |
Current DrawdownCurrent decline from peak | -0.28% | 0.00% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -8.37% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.19% | +1.24% |
Volatility
ZQQ.TO vs. QQCC.TO - Volatility Comparison
BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) has a higher volatility of 4.54% compared to Global X NASDAQ-100 Covered Call ETF (QQCC.TO) at 3.75%. This indicates that ZQQ.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
| ZQQ.TO | QQCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 3.75% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 10.03% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 12.78% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 17.58% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 17.29% | +5.12% |
ZQQ.TO vs. QQCC.TO - Expense Ratio Comparison
ZQQ.TO has a 0.39% expense ratio, which is lower than QQCC.TO's 0.65% expense ratio.
Dividends
ZQQ.TO vs. QQCC.TO - Dividend Comparison
ZQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than QQCC.TO's 10.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQCC.TO Global X NASDAQ-100 Covered Call ETF | 10.48% | 11.27% | 9.89% | 11.85% | 11.04% | 5.15% | 5.84% | 6.31% | 7.90% | 6.01% | 6.73% | 8.89% |
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.22% | 0.27% | 0.37% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% |
Frequently Asked Questions
ZQQ.TO and QQCC.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZQQ.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZQQ.TO is cheaper with a 0.39% expense ratio, compared with 0.65% for QQCC.TO.
They also come from different issuers: BMO and Global X. Their fees differ too: 0.39% for ZQQ.TO and 0.65% for QQCC.TO.
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