BITSX vs. XQQ.TO
Compare and contrast key facts about iShares Total U.S. Stock Market Index Fund (BITSX) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO).
BITSX is managed by Blackrock. It was launched on Aug 13, 2015. XQQ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITSX or XQQ.TO.
Key characteristics
| BITSX | XQQ.TO | |
|---|---|---|
| YTD Return | 5.94% | 4.08% |
| 1Y Return | 25.52% | 33.26% |
| 3Y Return (Ann) | 6.55% | 6.36% |
| 5Y Return (Ann) | 12.58% | 15.73% |
| Sharpe Ratio | 2.04 | 1.97 |
| Daily Std Dev | 12.13% | 16.46% |
| Max Drawdown | -34.97% | -38.55% |
| Current Drawdown | -3.67% | -4.61% |
Correlation
The correlation between BITSX and XQQ.TO is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITSX vs. XQQ.TO - Performance Comparison
In the year-to-date period, BITSX achieves a 5.94% return, which is significantly higher than XQQ.TO's 4.08% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITSX vs. XQQ.TO - Expense Ratio Comparison
BITSX has a 0.08% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.
Risk-Adjusted Performance
BITSX vs. XQQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total U.S. Stock Market Index Fund (BITSX) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.
Dividends
BITSX vs. XQQ.TO - Dividend Comparison
BITSX's dividend yield for the trailing twelve months is around 1.33%, more than XQQ.TO's 0.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 1.33% | 1.42% | 1.59% | 1.53% | 1.47% | 2.11% | 2.44% | 2.14% | 1.51% | 0.25% | 0.00% | 0.00% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.30% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% | 1.30% | 1.10% |
Drawdowns
BITSX vs. XQQ.TO - Drawdown Comparison
The maximum BITSX drawdown since its inception was -34.97%, smaller than the maximum XQQ.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for BITSX and XQQ.TO. For additional features, visit the drawdowns tool.
Volatility
BITSX vs. XQQ.TO - Volatility Comparison
The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 4.17%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 6.52%. This indicates that BITSX experiences smaller price fluctuations and is considered to be less risky than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.