HISU-U.TO vs. QQC-F.TO

Last updated Jun 5, 2026

HISU-U.TO (Evolve US High Interest Savings Account Fund) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - HISU-U.TO is a Money Market fund actively managed by Evolve, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. HISU-U.TO is actively managed, while QQC-F.TO is passively managed. Over the past 3 years, HISU-U.TO returned 3.38%/yr vs 24.89%/yr for QQC-F.TO. At a 0.01 correlation, their price movements are largely independent. HISU-U.TO charges 0.15%/yr vs 0.20%/yr for QQC-F.TO.

Performance

HISU-U.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolve US High Interest Savings Account Fund (HISU-U.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HISU-U.TO achieves a 1.05% return, which is significantly lower than QQC-F.TO's 17.66% return.

HISU-U.TO

• 1D: 0.01%
• 1M: 0.20%
• YTD: 1.05%
• 6M: 1.26%
• 1Y: 2.76%
• 3Y*: 3.38%
• 5Y*: —
• 10Y*: —

QQC-F.TO

• 1D: -0.59%
• 1M: 6.35%
• YTD: 17.66%
• 6M: 18.08%
• 1Y: 34.79%
• 3Y*: 24.89%
• 5Y*: 12.99%
• 10Y*: 19.22%

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

HISU-U.TO vs. QQC-F.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HISU-U.TO Evolve US High Interest Savings Account Fund	1.05%	2.97%	3.80%	3.89%	0.93%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	17.66%	24.09%	14.38%	56.29%	-14.74%

Correlation

The correlation between HISU-U.TO and QQC-F.TO is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.01

Return for Risk

HISU-U.TO vs. QQC-F.TO — Risk / Return Rank

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

HISU-U.TO

HISU-U.TO Risk / Return Rank: 99
HISU-U.TO Sharpe Ratio Rank: 99
HISU-U.TO Sortino Ratio Rank: 99
HISU-U.TO Omega Ratio Rank: 99
HISU-U.TO Calmar Ratio Rank: 99
HISU-U.TO Martin Ratio Rank: 99

QQC-F.TO

QQC-F.TO Risk / Return Rank: 66
QQC-F.TO Sharpe Ratio Rank: 73
QQC-F.TO Sortino Ratio Rank: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

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.

HISU-U.TO vs. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve US High Interest Savings Account Fund (HISU-U.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.

	HISU-U.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	7.76	2.00	+5.76
Sortino ratio: Return per unit of downside risk	10.56	2.72	+7.84
Omega ratio: Gain probability vs. loss probability	4.05	1.34	+2.71
Calmar ratio: Return relative to maximum drawdown	31.52	2.41	+29.11
Martin ratio: Return relative to average drawdown	122.59	9.54	+113.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HISU-U.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current HISU-U.TO Sharpe Ratio is 7.76, which is higher than the QQC-F.TO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of HISU-U.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.

Sharpe Ratios by Period

	HISU-U.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.76	2.00	+5.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.23	0.68	+7.56

Drawdowns

HISU-U.TO vs. QQC-F.TO - Drawdown Comparison

The maximum HISU-U.TO drawdown since its inception was -0.12%, smaller than the maximum QQC-F.TO drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for HISU-U.TO and QQC-F.TO.

Drawdown Indicators

	HISU-U.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.12%	-41.72%	+41.60%
Max Drawdown (1Y) Largest decline over 1 year	-0.09%	-14.51%	+14.42%
Max Drawdown (3Y) Largest decline over 3 years	-0.12%	-22.95%	+22.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.72%	—
Current Drawdown Current decline from peak	-0.01%	-1.17%	+1.16%
Average Drawdown Average peak-to-trough decline	-0.01%	-7.47%	+7.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	3.66%	-3.64%

Volatility

HISU-U.TO vs. QQC-F.TO - Volatility Comparison

The current volatility for Evolve US High Interest Savings Account Fund (HISU-U.TO) is 0.10%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 4.75%. This indicates that HISU-U.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.

Volatility by Period

	HISU-U.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	4.75%	-4.65%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	13.37%	-13.14%
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	17.50%	-17.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.41%	25.66%	-25.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.41%	25.72%	-25.31%

HISU-U.TO vs. QQC-F.TO - Expense Ratio Comparison

HISU-U.TO has a 0.15% expense ratio, which is lower than QQC-F.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HISU-U.TO vs. QQC-F.TO - Dividend Comparison

HISU-U.TO's dividend yield for the trailing twelve months is around 2.74%, while QQC-F.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HISU-U.TO Evolve US High Interest Savings Account Fund	2.74%	2.93%	3.70%	3.85%	0.90%	0.00%	0.00%	0.00%	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%

Frequently Asked Questions

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

HISU-U.TO and QQC-F.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HISU-U.TO or QQC-F.TO?

On fees, HISU-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HISU-U.TO or QQC-F.TO?

HISU-U.TO is cheaper with a 0.15% expense ratio, compared with 0.20% for QQC-F.TO.

What is the main difference between HISU-U.TO and QQC-F.TO?

HISU-U.TO is categorized as Money Market, while QQC-F.TO is Nasdaq-100. They also come from different issuers: Evolve and Invesco. Their fees differ too: 0.15% for HISU-U.TO and 0.20% for QQC-F.TO.