CANQ vs QLD
Calamos Nasdaq Equity & Income ETF vs ProShares Ultra QQQ
Which is better, CANQ or QLD?
QLD has been ahead.
QLD has a lower expense ratio. QLD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CANQ | QLD |
|---|---|---|
| Expense Ratio | 0.94% | 0.89%Best |
| AUM | $21M | $15.2B |
| Dividend Yield | 4.64% | 0.13% |
| Holdings | 30 | 127 |
| YTD Return | +2.52% | +32.18%Best |
| 1Y Return | +3.06% | +36.70%Best |
| 3Y Return (annualized) | - | +43.74% |
| 5Y Return (annualized) | - | +19.62% |
| Volatility (annualized) | 11.0%Best | 37.1% |
| Max Drawdown | -12.8%Best | -42.3% |
| $10,000 over 2.2 years | $13,070 | $22,881Best |
| Fund Family | Calamos Investments | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Feb 13, 2024 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 5, 2024 to Oct 14, 2026 (2.2 years).
CANQ vs QLD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
CANQ vs QLD Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is an ETF from Calamos Investments and ProShares Ultra QQQ (QLD) is an ETF from ProShares. Over the past year CANQ returned +3.06% while QLD returned +36.70%. Year to date, CANQ is up 2.52% versus a gain of 32.18% for QLD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLD has been the more volatile fund, with annualized monthly volatility of 37.1% compared with 11.0% for CANQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.8% for CANQ and -42.3% for QLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CANQ charges 0.94% per year while QLD charges 0.89%. On a $10,000 position that is $94 vs $89 annually, a gap of $5 per year that compounds over a long holding period. On income, CANQ currently yields 4.64% against 0.13% for QLD.
Holdings Overlap
We hold position weights for 17 holdings in CANQ and 102 in QLD, totalling 88.3% and 75.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 8 positions appear in both.
8 positions in common, counted across the 17 positions we hold weights for in CANQ and 102 in QLD, against full books of 30 and 127.
Top Shared Holdings
| Stock | Weight in CANQ | Weight in QLD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.48% | 5.56% | 5.08% |
| MSFTMicrosoft Corp | 1.47% | 3.79% | 2.32% |
| AMZNAmazon.Com Inc | 0.66% | 2.67% | 2.01% |
| METAMeta Platforms Inc | 0.55% | 2.13% | 1.58% |
| GOOGAlphabet Inc. C | 0.69% | 1.85% | 1.16% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.82% | 1.20% | 0.38% |
| TSLATesla Inc | 0.10% | 1.92% | 1.82% |
| NFLXNetflix, Inc. | 0.10% | 0.76% | 0.66% |
You are not choosing between two funds in isolation.
Whichever of CANQ and QLD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CANQ or QLD?
CANQ has an expense ratio of 0.94% while QLD charges 0.89%. QLD is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, CANQ or QLD?
Over the past year CANQ returned +3.06% vs +36.70% for QLD, so QLD leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +12.94% vs +45.68% for QLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CANQ or QLD?
QLD has been the more volatile fund at 37.1% annualized versus 11.0% for CANQ. Worst drawdown: CANQ -12.8% vs QLD -42.3%.
Should I hold both CANQ and QLD?
CANQ and QLD have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CANQ or QLD?
CANQ yields 4.64% while QLD yields 0.13%, so CANQ currently pays the higher dividend yield.
Is QLD better than CANQ?
QLD has a lower expense ratio. QLD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.