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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) Sharpe Ratio: 1.47

ETF · Currency in CAD · Last updated Jun 25, 2026

XQQ.TO is a passive ETF by iShares tracking the investment results of the Morningstar US Market TR CAD. XQQ.TO launched on May 3, 2011 and has a 0.39% expense ratio.

XQQ.TO's Sharpe Ratio of 1.47 indicates that for each unit of volatility, it generates 1.47 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

XQQ.TO Sharpe Ratio Rank

XQQ.TO Sharpe Ratio Rank: 46.847
Average

XQQ.TO ranks above 46.8% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

XQQ.TO Sharpe Ratio Market Positioning

The chart shows XQQ.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 6.84+
  • Median: 1.50 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares NASDAQ 100 Index ETF (CAD-Hedged)'s Sharpe Ratio with other ETFs in the Nasdaq-100 category across multiple time periods, showing how XQQ.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
QQQL.TOGlobal X Enhanced Nasdaq-100 Index ETF2.34
QQCI.TOInvesco NASDAQ 100 Income Advantage ETF2.25
QQCL.TOGlobal X Enhanced NASDAQ-100 Covered Call ETF2.20
QQCC.TOGlobal X NASDAQ-100 Covered Call ETF2.17
QQC.TOInvesco NASDAQ 100 Index ETF CAD Hedged2.17
QQCE.TOInvesco ESG NASDAQ 100 Index ETF2.14
XQQU.TOiShares NASDAQ 100 Index ETF2.14
HXQ.TOHorizons NASDAQ-100 Index ETF2.14
ZNQ.TOBMO NASDAQ 100 Equity Index ETF2.11
QQQX.TOGlobal X Nasdaq-100 Index ETF2.11
XQQ.TOiShares NASDAQ 100 Index ETF (CAD-Hedged)1.47

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows XQQ.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when XQQ.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does XQQ.TO fit in your portfolio?

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