Questrade TFSA ETF

Asset Allocation

Position	Category/Sector	Target Weight
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	31.40%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	30.27%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	Foreign Large Cap Equities, Foreign Small & Mid Cap Equities	28.32%
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF	Emerging Markets Equities	10.01%

Benchmark: S&P 500 Index · Rebalance: Every week

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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Questrade TFSA ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every week.

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Benchmark

Compare your portfolio against anything

Returns By Period

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	0.52%	-1.28%	12.09%	11.94%	19.74%	20.23%	13.91%	14.00%	9.18%
Portfolio Questrade TFSA ETF	-0.01%	-3.73%	13.15%	16.30%	31.20%	22.91%	—	—	22.81%
Portfolio components:
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.75%	-7.61%	14.20%	14.53%	23.63%	24.23%	16.75%	—	18.94%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	-0.34%	-2.33%	10.64%	16.64%	30.25%	19.62%	11.79%	10.17%	9.36%
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF	1.10%	-11.02%	19.48%	30.13%	51.28%	24.37%	—	—	23.51%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	-0.76%	1.26%	11.54%	12.55%	32.08%	23.01%	14.56%	12.41%	9.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Feb 15, 2023, Questrade TFSA ETF's average daily return is +0.09%, while the average monthly return is +1.75%. At this rate, an investment would double in approximately 3.3 years.

Historically, 74% of months were positive and 26% were negative. The best month was Apr 2026 with a return of +7.7%, while the worst month was Mar 2026 at -5.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Questrade TFSA ETF closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +7.3%, while the worst single day was Apr 4, 2025 at -4.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.78%	4.49%	-5.03%	7.74%	7.39%	2.38%	-3.73%						16.30%
2025	4.01%	-0.91%	-3.01%	-0.98%	6.01%	3.96%	2.05%	2.49%	5.54%	3.57%	0.58%	0.11%	25.58%
2024	1.25%	3.88%	2.90%	-1.83%	3.39%	1.67%	2.80%	0.05%	2.24%	0.12%	3.71%	-0.29%	21.59%
2023		-1.52%	2.87%	2.06%	0.26%	2.65%	2.83%	-0.66%	-3.77%	-1.42%	7.37%	3.44%	14.52%

Benchmark Metrics

Questrade TFSA ETF has an annualized alpha of 4.98%, beta of 0.75, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since February 15, 2023.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (86.93%) than losses (69.48%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.98% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 4.98%

Beta: 0.75

R²: 0.73

Upside Capture: 86.93%

Downside Capture: 69.48%

See how alpha, beta & R² have trended over time →

Expense Ratio

Questrade TFSA ETF has an expense ratio of 0.17%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

XEMC.TO

iShares MSCI Emerging Markets ex China Index ETF

VIU.TO

Vanguard FTSE Developed All Cap ex North America Index ETF

QQC.TO

Invesco NASDAQ 100 Index ETF CAD Hedged

XIC.TO

iShares Core S&P/TSX Capped Composite Index ETF

Return for Risk

Risk / Return Rank

Questrade TFSA ETF ranks 81 for risk / return — above 81% of Portfolios peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for Questrade TFSA ETF and compares them with S&P 500 Index.

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.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.06	1.50	+0.56
Sortino ratioReturn per unit of downside risk	2.79	2.13	+0.66
Omega ratioGain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratioReturn relative to maximum drawdown	3.60	2.16	+1.44
Martin ratioReturn relative to average drawdown	13.37	7.83	+5.54

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	51	1.26	1.77	1.23	1.96	5.53
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	77	1.77	2.47	1.33	2.59	9.66
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF	80	1.93	2.44	1.36	2.70	10.01
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	90	2.42	3.13	1.42	3.47	15.70

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current Questrade TFSA ETF Sharpe ratio is 2.06 as of Aug 1, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.18 to 2.00, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Questrade TFSA ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Questrade TFSA ETF provided a 1.55% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.55%	1.77%	1.92%	2.01%	2.03%	1.61%	1.51%	1.70%	1.78%	1.38%	1.34%	1.09%
Portfolio components:
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.33%	0.39%	0.45%	0.54%	0.91%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	2.27%	2.48%	2.56%	2.66%	2.76%	2.38%	1.98%	2.68%	2.76%	2.13%	1.72%	0.28%
XEMC.TO iShares MSCI Emerging Markets ex China Index ETF	1.82%	2.48%	2.28%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	2.00%	2.23%	2.64%	2.96%	3.10%	2.45%	3.03%	3.01%	3.19%	2.49%	2.72%	3.21%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Questrade TFSA ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Questrade TFSA ETF was 14.95%, occurring on Apr 8, 2025. Recovery took 26 trading sessions.

The current Questrade TFSA ETF drawdown is 4.60%.

Drawdown	Fall	Recovery	Underwater	Related event
-14.95%Apr 2025	1mo 18d	1mo 7d	2mo 25dFeb 2025 - May 2025	2025 selloff2025
-8.70%Mar 2026	22d	25d	1mo 17dFeb 2026 - Apr 2026	—
-7.71%Aug 2024	21d	1mo 13d	2mo 4dJul 2024 - Sep 2024	—
-7.16%Oct 2023	2mo 28d	18d	3mo 16dJul 2023 - Nov 2023	—
-6.75%Jul 2026	1mo 6d	—	1mo 9dJun 2026 - now	—

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 4 assets, with an effective number of assets of 3.57, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	All Time
Diversification Ratio	1.14	1.15	1.16

The portfolio has a diversification ratio of 1.16, placing it in the bottom quartile across portfolios. The holdings provided limited volatility reduction when combined.

Questrade TFSA ETF correlation to the S&P 500 Index

Questrade TFSA ETF has a 0.84 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.81

Benchmark Correlations

Correlation vs. S&P 500 Index. QQC.TO has the highest benchmark correlation at 0.77, while XEMC.TO has the lowest at 0.54.

0.54

0.63

0.63

0.77

Portfolio Correlations

Correlation vs. Questrade TFSA ETF. VIU.TO has the highest portfolio correlation at 0.87, while XEMC.TO has the lowest at 0.73.

0.73

0.78

0.86

0.87

Asset Correlations Table

See how each holding historically moved in relation to the other holdings, the portfolio, and the selected benchmark.

	XEMC.TO	XIC.TO	QQC.TO	VIU.TO
XEMC.TO	1.00	0.48	0.59	0.65
XIC.TO	0.48	1.00	0.48	0.67
QQC.TO	0.59	0.48	1.00	0.61
VIU.TO	0.65	0.67	0.61	1.00

Based on daily historical returns since Feb 15, 2023

Diversification Analysis

Find what Questrade TFSA ETF is missing

See which holdings overlap, where Questrade TFSA ETF is concentrated, and which low-correlation assets could fill the gaps.

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