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GCCIX vs. QQC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GCCIX vs. QQC.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs Commodity Strategy Fund (GCCIX) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO).

GCCIX is managed by Goldman Sachs. It was launched on Mar 29, 2007. QQC.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021.

Performance

GCCIX vs. QQC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Commodity Strategy Fund (GCCIX) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO). The values are adjusted to include any dividend payments, if applicable.

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GCCIX vs. QQC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
GCCIX
Goldman Sachs Commodity Strategy Fund		14.11%15.45%5.92%-9.65%15.70%9.29%
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		-4.89%20.90%25.01%55.18%-32.88%19.39%
Different Trading Currencies

GCCIX is traded in USD, while QQC.TO is traded in CAD. To make them comparable, the QQC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GCCIX achieves a 14.11% return, which is significantly higher than QQC.TO's -4.89% return.

GCCIX

1D
-0.63%
1M
4.19%
YTD
14.11%
6M
19.69%
1Y
20.48%
3Y*
10.67%
5Y*
11.93%
10Y*
6.16%

QQC.TO

1D
1.08%
1M
-3.84%
YTD
-4.89%
6M
-2.87%
1Y
24.02%
3Y*
22.70%
5Y*
—
10Y*
—
*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.

Goldman Sachs Commodity Strategy Fund

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with GCCIX:
GCCIX vs. AAAUGCCIX vs. AMZNGCCIX vs. NUGCCIX vs. BCSKXGCCIX vs. FYHTXGCCIX vs. PCRIXGCCIX vs. FFGCX
Often compared with QQC.TO:
QQC.TO vs. VFV.TOQQC.TO vs. XQQ.TOQQC.TO vs. QQQQQC.TO vs. HXQ.TOQQC.TO vs. TEC.TOQQC.TO vs. QQC-F.TOQQC.TO vs. QQQM

GCCIX vs. QQC.TO - Expense Ratio Comparison

GCCIX has a 0.59% expense ratio, which is higher than QQC.TO's 0.20% expense ratio.

GCCIX
Goldman Sachs Commodity Strategy Fund
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged

Return for Risk

GCCIX vs. QQC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GCCIX
GCCIX Risk / Return Rank: 6969
Overall Rank
GCCIX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GCCIX Sortino Ratio Rank: 6666
Sortino Ratio Rank
GCCIX Omega Ratio Rank: 6161
Omega Ratio Rank
GCCIX Calmar Ratio Rank: 8585
Calmar Ratio Rank
GCCIX Martin Ratio Rank: 6161
Martin Ratio Rank
QQC.TO
QQC.TO Risk / Return Rank: 5252
Overall Rank
QQC.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
QQC.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
QQC.TO Omega Ratio Rank: 5353
Omega Ratio Rank
QQC.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
QQC.TO Martin Ratio Rank: 4848
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.

GCCIX vs. QQC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Commodity Strategy Fund (GCCIX) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.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.

GCCIXQQC.TODifference

Sharpe ratio

Return per unit of total volatility

1.37

1.07

+0.30

Sortino ratio

Return per unit of downside risk

1.81

1.64

+0.16

Omega ratio

Gain probability vs. loss probability

1.25

1.24

+0.02

Calmar ratio

Return relative to maximum drawdown

2.29

1.93

+0.37

Martin ratio

Return relative to average drawdown

6.38

7.14

-0.75

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

GCCIX vs. QQC.TO - Sharpe Ratio Comparison

The current GCCIX Sharpe Ratio is 1.37, which is comparable to the QQC.TO Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of GCCIX and QQC.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

GCCIXQQC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

1.07

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.16

0.56

-0.73

Correlation

The correlation between GCCIX and QQC.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GCCIX vs. QQC.TO - Dividend Comparison

GCCIX's dividend yield for the trailing twelve months is around 14.10%, more than QQC.TO's 0.40% yield.

TTM20252024202320222021202020192018201720162015
GCCIX
Goldman Sachs Commodity Strategy Fund		14.10%16.09%4.08%4.20%10.41%16.46%0.36%10.81%1.47%5.88%0.84%0.36%
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.40%0.39%0.45%0.54%0.91%0.56%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

GCCIX vs. QQC.TO - Drawdown Comparison

The maximum GCCIX drawdown since its inception was -90.80%, which is greater than QQC.TO's maximum drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for GCCIX and QQC.TO.

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Drawdown Indicators

GCCIXQQC.TODifference

Max Drawdown

Largest peak-to-trough decline

-90.80%

-31.81%

-58.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-13.02%

+3.63%

Max Drawdown (5Y)

Largest decline over 5 years

-28.78%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-57.76%

—

—

Current Drawdown

Current decline from peak

-71.72%

-8.49%

-63.23%

Average Drawdown

Average peak-to-trough decline

-69.41%

-8.30%

-61.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.38%

4.35%

-0.97%

Volatility

GCCIX vs. QQC.TO - Volatility Comparison

The current volatility for Goldman Sachs Commodity Strategy Fund (GCCIX) is 5.48%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a volatility of 6.56%. This indicates that GCCIX experiences smaller price fluctuations and is considered to be less risky than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GCCIXQQC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.48%

6.56%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.71%

12.77%

-1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

15.19%

22.61%

-7.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.45%

22.74%

-4.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.13%

22.74%

-2.61%