ATD.TO vs. QQC-F.TO

Last updated Jul 14, 2026

ATD.TO (Alimentation Couche-Tard Inc.) is a stock, while QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, ATD.TO returned 13.23%/yr vs 19.59%/yr for QQC-F.TO. At a 0.24 correlation, their price movements are largely independent.

Performance

ATD.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Alimentation Couche-Tard Inc. (ATD.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATD.TO achieves a 23.05% return, which is significantly higher than QQC-F.TO's 14.50% return. Over the past 10 years, ATD.TO has underperformed QQC-F.TO with an annualized return of 13.23%, while QQC-F.TO has yielded a comparatively higher 19.59% annualized return.

ATD.TO

• 1D: 0.64%
• 1M: 9.10%
• 6M: 22.64%
• YTD: 23.05%
• 1Y: 35.14%
• 3Y*: 12.22%
• 5Y*: 15.26%
• 10Y*: 13.23%

QQC-F.TO

• 1D: -1.79%
• 1M: -1.33%
• 6M: 12.14%
• YTD: 14.50%
• 1Y: 26.25%
• 3Y*: 22.12%
• 5Y*: 13.47%
• 10Y*: 19.59%

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

ATD.TO vs. QQC-F.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATD.TO Alimentation Couche-Tard Inc.	23.05%	-4.91%	3.11%	32.26%	13.21%	22.84%	5.88%	23.08%	4.21%	7.08%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	14.50%	18.79%	24.19%	52.81%	-33.42%	27.15%	45.04%	37.63%	-2.23%	31.94%

Correlation

The correlation between ATD.TO and QQC-F.TO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012	0.24

The correlation between ATD.TO and QQC-F.TO shifts across timeframes, from -0.00 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ATD.TO vs. QQC-F.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATD.TO

ATD.TO Risk / Return Rank: 83
ATD.TO Sharpe Ratio Rank: 81
ATD.TO Sortino Ratio Rank: 83
ATD.TO Omega Ratio Rank: 79
ATD.TO Calmar Ratio Rank: 88
ATD.TO Martin Ratio Rank: 83

QQC-F.TO

QQC-F.TO Risk / Return Rank: 51
QQC-F.TO Sharpe Ratio Rank: 52
QQC-F.TO Sortino Ratio Rank: 49
QQC-F.TO Omega Ratio Rank: 50
QQC-F.TO Calmar Ratio Rank: 51
QQC-F.TO Martin Ratio Rank: 52

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.

ATD.TO vs. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alimentation Couche-Tard Inc. (ATD.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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.

	ATD.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.43	-0.17
Sortino ratio: Return per unit of downside risk	2.22	1.96	+0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	3.26	2.03	+1.23
Martin ratio: Return relative to average drawdown	6.12	7.11	-0.99

ATD.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current ATD.TO Sharpe Ratio is 1.26, which is comparable to the QQC-F.TO Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of ATD.TO and QQC-F.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.

Drawdowns

ATD.TO vs. QQC-F.TO - Drawdown Comparison

The maximum ATD.TO drawdown since its inception was -61.10%, which is greater than QQC-F.TO's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for ATD.TO and QQC-F.TO.

Drawdown Indicators

	ATD.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-61.10%	-36.03%	-25.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-12.98%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-22.16%	-22.76%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-22.16%	-36.03%	+13.87%
Max Drawdown (10Y) Largest decline over 10 years	-32.61%	-36.03%	+3.42%
Current Drawdown Current decline from peak	-1.90%	-4.73%	+2.83%
Average Drawdown Average peak-to-trough decline	-10.37%	-5.48%	-4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	3.70%	+2.05%

Volatility

ATD.TO vs. QQC-F.TO - Volatility Comparison

Alimentation Couche-Tard Inc. (ATD.TO) has a higher volatility of 12.31% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) at 8.01%. This indicates that ATD.TO's price experiences larger fluctuations and is considered to be riskier than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATD.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.31%	8.01%	+4.30%
Volatility (6M) Calculated over the trailing 6-month period	21.26%	15.16%	+6.10%
Volatility (1Y) Calculated over the trailing 1-year period	28.10%	18.46%	+9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.16%	22.84%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	22.68%	+2.06%

Dividends

ATD.TO vs. QQC-F.TO - Dividend Comparison

ATD.TO's dividend yield for the trailing twelve months is around 0.92%, more than QQC-F.TO's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATD.TO Alimentation Couche-Tard Inc.	0.92%	1.07%	0.90%	0.76%	0.79%	0.70%	0.69%	1.06%	1.15%	1.09%	1.00%	0.72%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.34%	0.39%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%

Frequently Asked Questions

Can I hold both ATD.TO and QQC-F.TO in my portfolio?

ATD.TO and QQC-F.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.