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FCUQ.TO vs. QQC-F.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FCUQ.TO vs. QQC-F.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity U.S. High Quality ETF (FCUQ.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO).

FCUQ.TO and QQC-F.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCUQ.TO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. High Quality Index. It was launched on Jan 18, 2019. QQC-F.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021. Both FCUQ.TO and QQC-F.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. High Quality ETF (FCUQ.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
FCUQ.TO
Fidelity U.S. High Quality ETF		-4.75%4.67%32.89%20.05%-11.48%31.73%13.51%24.22%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		-5.48%18.41%24.19%52.81%-33.42%27.15%45.04%29.66%

Returns By Period

In the year-to-date period, FCUQ.TO achieves a -4.75% return, which is significantly higher than QQC-F.TO's -5.48% return.

FCUQ.TO

1D
0.53%
1M
-5.45%
YTD
-4.75%
6M
-7.78%
1Y
1.07%
3Y*
14.58%
5Y*
11.85%
10Y*
—

QQC-F.TO

1D
1.03%
1M
-4.11%
YTD
-5.48%
6M
-4.18%
1Y
21.25%
3Y*
20.89%
5Y*
11.67%
10Y*
17.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity U.S. High Quality ETF

Invesco NASDAQ 100 Index ETF CAD Hedged

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Often compared with QQC-F.TO:
QQC-F.TO vs. QQC.TOQQC-F.TO vs. QQQQQC-F.TO vs. XEQT.TOQQC-F.TO vs. HXQ.TOQQC-F.TO vs. QQQMQQC-F.TO vs. XQQ.TOQQC-F.TO vs. MON100.NS

FCUQ.TO vs. QQC-F.TO - Expense Ratio Comparison

FCUQ.TO has a 0.35% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

FCUQ.TO
Fidelity U.S. High Quality ETF
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCUQ.TO
FCUQ.TO Risk / Return Rank: 1313
Overall Rank
FCUQ.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
FCUQ.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
FCUQ.TO Omega Ratio Rank: 1313
Omega Ratio Rank
FCUQ.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
FCUQ.TO Martin Ratio Rank: 1313
Martin Ratio Rank
QQC-F.TO
QQC-F.TO Risk / Return Rank: 5656
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 5454
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 5858
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Quality ETF (FCUQ.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.

FCUQ.TOQQC-F.TODifference

Sharpe ratio

Return per unit of total volatility

0.06

0.96

-0.90

Sortino ratio

Return per unit of downside risk

0.20

1.52

-1.31

Omega ratio

Gain probability vs. loss probability

1.03

1.21

-0.18

Calmar ratio

Return relative to maximum drawdown

0.11

1.68

-1.57

Martin ratio

Return relative to average drawdown

0.33

5.88

-5.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FCUQ.TO Sharpe Ratio is 0.06, which is lower than the QQC-F.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FCUQ.TO and QQC-F.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FCUQ.TOQQC-F.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.06

0.96

-0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.52

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.78

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.84

-0.01

Correlation

The correlation between FCUQ.TO and QQC-F.TO is 0.71, 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.

Dividends

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

FCUQ.TO's dividend yield for the trailing twelve months is around 0.76%, while QQC-F.TO has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
FCUQ.TO
Fidelity U.S. High Quality ETF		0.76%0.73%0.77%0.88%1.04%0.79%1.15%0.82%0.00%0.00%0.00%0.00%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.00%0.09%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%

Drawdowns

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

The maximum FCUQ.TO drawdown since its inception was -25.36%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for FCUQ.TO and QQC-F.TO.

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Drawdown Indicators

FCUQ.TOQQC-F.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.36%

-36.03%

+10.67%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-13.16%

+1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-22.73%

-36.03%

+13.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.03%

—

Current Drawdown

Current decline from peak

-8.98%

-9.00%

+0.02%

Average Drawdown

Average peak-to-trough decline

-4.31%

-5.55%

+1.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

3.76%

+0.36%

Volatility

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

The current volatility for Fidelity U.S. High Quality ETF (FCUQ.TO) is 5.22%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 6.70%. This indicates that FCUQ.TO experiences smaller price fluctuations and is considered to be less risky than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCUQ.TOQQC-F.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.22%

6.70%

-1.48%

Volatility (6M)

Calculated over the trailing 6-month period

9.24%

12.87%

-3.63%

Volatility (1Y)

Calculated over the trailing 1-year period

17.23%

22.30%

-5.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.57%

22.47%

-7.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.41%

22.49%

-5.08%