HXQ.TO vs. COST

Last updated Jul 21, 2026

HXQ.TO (Horizons NASDAQ-100 Index ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while COST (Costco Wholesale Corporation) is a stock. Over the past 10 years, HXQ.TO returned 21.32%/yr vs 21.66%/yr for COST. At a 0.39 correlation, their price movements are largely independent.

Performance

HXQ.TO vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Horizons NASDAQ-100 Index ETF (HXQ.TO) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HXQ.TO achieves a 16.25% return, which is significantly higher than COST's 11.40% return. Both investments have delivered pretty close results over the past 10 years, with HXQ.TO having a 21.32% annualized return and COST not far ahead at 21.66%.

HXQ.TO

• 1D: 0.38%
• 1M: -6.43%
• 6M: 14.19%
• YTD: 16.25%
• 1Y: 27.50%
• 3Y*: 25.84%
• 5Y*: 17.07%
• 10Y*: 21.32%
• ALL TIME*: 21.35%

COST

• 1D: -0.67%
• 1M: -2.21%
• 6M: -1.70%
• YTD: 11.40%
• 1Y: 1.00%
• 3Y*: 22.94%
• 5Y*: 21.36%
• 10Y*: 21.66%
• ALL TIME*: 18.26%

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

HXQ.TO vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HXQ.TO Horizons NASDAQ-100 Index ETF	16.25%	15.05%	35.98%	51.16%	-27.84%	26.20%	45.58%	32.26%	6.71%	23.12%
COST Costco Wholesale Corporation	11.40%	-9.71%	51.45%	45.46%	-13.92%	51.75%	29.52%	39.70%	19.90%	14.09%

Correlation

The correlation between HXQ.TO and COST is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016	0.39

The correlation between HXQ.TO and COST shifts across timeframes, from -0.11 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

HXQ.TO vs. COST — Risk / Return Rank

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

HXQ.TO

HXQ.TO Risk / Return Rank: 58
HXQ.TO Sharpe Ratio Rank: 61
HXQ.TO Sortino Ratio Rank: 56
HXQ.TO Omega Ratio Rank: 58
HXQ.TO Calmar Ratio Rank: 59
HXQ.TO Martin Ratio Rank: 54

COST

COST Risk / Return Rank: 40
COST Sharpe Ratio Rank: 43
COST Sortino Ratio Rank: 35
COST Omega Ratio Rank: 35
COST Calmar Ratio Rank: 43
COST Martin Ratio Rank: 43

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.

HXQ.TO vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) and Costco Wholesale Corporation (COST). 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.

	HXQ.TO	COST	Difference
Sharpe ratio: Return per unit of total volatility	1.51	0.05	+1.46
Sortino ratio: Return per unit of downside risk	2.05	0.21	+1.84
Omega ratio: Gain probability vs. loss probability	1.27	1.03	+0.24
Calmar ratio: Return relative to maximum drawdown	2.22	0.07	+2.16
Martin ratio: Return relative to average drawdown	6.82	0.15	+6.67

HXQ.TO vs. COST - Sharpe Ratio Comparison

The current HXQ.TO Sharpe Ratio is 1.51, which is higher than the COST Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of HXQ.TO and COST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HXQ.TO vs. COST - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum COST drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and COST.

Drawdown Indicators

	HXQ.TO	COST	Difference
Max Drawdown Largest peak-to-trough decline	-31.60%	-33.74%	+2.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-14.89%	+2.46%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-23.58%	+1.00%
Max Drawdown (5Y) Largest decline over 5 years	-31.60%	-30.01%	-1.59%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	-30.01%	-1.59%
Current Drawdown Current decline from peak	-6.44%	-14.22%	+7.78%
Average Drawdown Average peak-to-trough decline	-5.71%	-7.24%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	6.90%	-2.86%

Volatility

HXQ.TO vs. COST - Volatility Comparison

The current volatility for Horizons NASDAQ-100 Index ETF (HXQ.TO) is 6.90%, while Costco Wholesale Corporation (COST) has a volatility of 7.34%. This indicates that HXQ.TO experiences smaller price fluctuations and is considered to be less risky than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXQ.TO	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	7.34%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	15.07%	16.04%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	20.90%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	23.99%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	23.20%	-2.18%

Dividends

HXQ.TO vs. COST - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while COST's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.57%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
HXQ.TO Horizons NASDAQ-100 Index ETF	0.00%	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 HXQ.TO and COST in my portfolio?

HXQ.TO and COST have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.