HXQ.TO vs. QQQM

Last updated Aug 2, 2026

HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Global X and Invesco respectively. Both are passively managed. Over the past 5 years, HXQ.TO returned 16.73%/yr vs 17.04%/yr for QQQM. Their correlation of 0.87 means they have usually moved in the same direction. HXQ.TO charges 0.25%/yr vs 0.15%/yr for QQQM.

Performance

HXQ.TO vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with HXQ.TO having a 14.56% return and QQQM slightly higher at 14.89%.

HXQ.TO

• 1D: 0.69%
• 1M: -5.98%
• 6M: 14.12%
• YTD: 14.56%
• 1Y: 26.47%
• 3Y*: 24.20%
• 5Y*: 16.73%
• 10Y*: 21.14%
• ALL TIME*: 21.11%

QQQM

• 1D: 0.51%
• 1M: -4.85%
• 6M: 15.19%
• YTD: 14.89%
• 1Y: 26.25%
• 3Y*: 24.85%
• 5Y*: 17.04%
• 10Y*: —
• ALL TIME*: 17.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	CA$2.97M	CA$3.02M	CA$3.91M
QQQM Invesco NASDAQ 100 ETF	CA$1.35B	CA$1.28B	CA$1.66B

HXQ.TO vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	14.56%	15.05%	35.98%	51.16%	-27.84%	26.20%	6.68%
QQQM Invesco NASDAQ 100 ETF	14.89%	15.33%	36.33%	51.32%	-28.24%	27.39%	3.70%

Correlation

The correlation between HXQ.TO and QQQM is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.87

The correlation between HXQ.TO and QQQM has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

HXQ.TO vs. QQQM - Sectors Allocation Comparison

Sectors	HXQ.TO	QQQM
Technology	55.9%	60.9%
Communication Services	15.8%	13.1%
Consumer Cyclical	13.2%	10.7%
Healthcare	4.4%	3.6%
Consumer Defensive	4.4%	6.3%
Industrials	3.1%	2.7%
Utilities	1.4%	1.1%
Basic Materials	1.0%	1.0%
Energy	0.5%	0.5%
Financial Services	0.3%	0.2%
Real Estate	0.2%	0.1%

Return for Risk

HXQ.TO vs. QQQM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HXQ.TO

HXQ.TO Risk / Return Rank: 51
HXQ.TO Sharpe Ratio Rank: 52
HXQ.TO Sortino Ratio Rank: 50
HXQ.TO Omega Ratio Rank: 50
HXQ.TO Calmar Ratio Rank: 53
HXQ.TO Martin Ratio Rank: 48

QQQM

QQQM Risk / Return Rank: 49
QQQM Sharpe Ratio Rank: 48
QQQM Sortino Ratio Rank: 46
QQQM Omega Ratio Rank: 45
QQQM Calmar Ratio Rank: 54
QQQM Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.25	0.00
Sortino ratio: Return per unit of downside risk	1.75	1.78	-0.02
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.90	1.98	-0.08
Martin ratio: Return relative to average drawdown	5.49	5.81	-0.31

HXQ.TO vs. QQQM - Sharpe Ratio Comparison

The current HXQ.TO Sharpe Ratio is 1.25, which is comparable to the QQQM Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HXQ.TO and QQQM, 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. QQQM - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, roughly equal to the maximum QQQM drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and QQQM.

Drawdown Indicators

	HXQ.TO	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-31.60%	-32.26%	+0.66%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-12.21%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-22.57%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-31.60%	-32.26%	+0.66%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	—	—
Current Drawdown Current decline from peak	-7.80%	-7.85%	+0.05%
Average Drawdown Average peak-to-trough decline	-5.72%	-7.49%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	4.16%	+0.14%

Volatility

HXQ.TO vs. QQQM - Volatility Comparison

Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 6.71% and 6.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXQ.TO	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	6.63%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	15.67%	16.13%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	18.98%	19.38%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	23.51%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.07%	23.26%	-2.19%

HXQ.TO vs. QQQM - Expense Ratio Comparison

HXQ.TO has a 0.25% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HXQ.TO vs. QQQM - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.46%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both HXQ.TO and QQQM in my portfolio?

HXQ.TO and QQQM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXQ.TO or QQQM?

On fees, QQQM 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, HXQ.TO or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.25% for HXQ.TO.

What is the main difference between HXQ.TO and QQQM?

Both ETFs track NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.25% for HXQ.TO and 0.15% for QQQM.