FHQ.TO vs. QMVP.TO

Last updated Jul 16, 2026

FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) and QMVP.TO (Hamilton Champions U.S. Technology Index ETF) are both Technology Equities funds - FHQ.TO tracks the StrataQuant Technology Index while QMVP.TO tracks the Solactive Hamilton Champions U.S. Technology Index. Both are passively managed. At a 0.34 correlation, their price movements are largely independent.

Performance

FHQ.TO vs. QMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHQ.TO

• 1D: 0.39%
• 1M: -4.66%
• 6M: 18.60%
• YTD: 24.19%
• 1Y: 33.63%
• 3Y*: 22.48%
• 5Y*: 13.16%
• 10Y*: 19.80%

QMVP.TO

• 1D: -0.30%
• 1M: -0.88%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHQ.TO vs. QMVP.TO - Yearly Performance Comparison

	2026 (YTD)
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF	21.92%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	26.40%

Correlation

The correlation between FHQ.TO and QMVP.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.34

Return for Risk

FHQ.TO vs. QMVP.TO — Risk / Return Rank

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

FHQ.TO

FHQ.TO Risk / Return Rank: 50
FHQ.TO Sharpe Ratio Rank: 47
FHQ.TO Sortino Ratio Rank: 45
FHQ.TO Omega Ratio Rank: 48
FHQ.TO Calmar Ratio Rank: 60
FHQ.TO Martin Ratio Rank: 49

QMVP.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FHQ.TO vs. QMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) and Hamilton Champions U.S. Technology Index ETF (QMVP.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.

	FHQ.TO	QMVP.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	6.72	—	—

Drawdowns

FHQ.TO vs. QMVP.TO - Drawdown Comparison

The maximum FHQ.TO drawdown since its inception was -32.05%, which is greater than QMVP.TO's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for FHQ.TO and QMVP.TO.

Drawdown Indicators

	FHQ.TO	QMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.05%	-12.77%	-19.28%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.05%	—	—
Current Drawdown Current decline from peak	-6.70%	-2.60%	-4.10%
Average Drawdown Average peak-to-trough decline	-7.63%	-3.62%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	—	—

Volatility

Volatility by Period

	FHQ.TO	QMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.24%	25.17%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	25.17%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.37%	25.17%	-1.80%

Dividends

FHQ.TO vs. QMVP.TO - Dividend Comparison

FHQ.TO has not paid dividends to shareholders, while QMVP.TO's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF	0.00%	0.00%	0.02%	0.00%	0.00%	1.18%	0.43%	0.50%	0.80%	0.83%	1.20%	0.43%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHQ.TO and QMVP.TO in my portfolio?

FHQ.TO and QMVP.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FHQ.TO and QMVP.TO?

FHQ.TO tracks StrataQuant Technology Index, while QMVP.TO tracks Solactive Hamilton Champions U.S. Technology Index. They also come from different issuers: First Trust and Hamilton.