HXQ.TO vs. TECK-B.TO
Compare and contrast key facts about Horizons NASDAQ-100 Index ETF (HXQ.TO) and Teck Resources Limited (TECK-B.TO).
HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HXQ.TO or TECK-B.TO.
Key characteristics
| HXQ.TO | TECK-B.TO | |
|---|---|---|
| YTD Return | 18.75% | 14.03% |
| 1Y Return | 29.18% | 9.50% |
| 3Y Return (Ann) | 11.08% | 27.98% |
| 5Y Return (Ann) | 20.81% | 23.31% |
| Sharpe Ratio | 1.75 | 0.22 |
| Daily Std Dev | 16.59% | 34.71% |
| Max Drawdown | -31.60% | -99.80% |
| Current Drawdown | -6.12% | -95.45% |
Correlation
The correlation between HXQ.TO and TECK-B.TO is 0.34, 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.
Performance
HXQ.TO vs. TECK-B.TO - Performance Comparison
In the year-to-date period, HXQ.TO achieves a 18.75% return, which is significantly higher than TECK-B.TO's 14.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HXQ.TO vs. TECK-B.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) and Teck Resources Limited (TECK-B.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.
Dividends
HXQ.TO vs. TECK-B.TO - Dividend Comparison
HXQ.TO has not paid dividends to shareholders, while TECK-B.TO's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TECK-B.TO Teck Resources Limited | 0.58% | 1.15% | 1.32% | 0.44% | 0.65% | 0.67% | 0.52% | 0.47% | 0.28% | 2.91% | 5.07% | 3.07% |
Drawdowns
HXQ.TO vs. TECK-B.TO - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum TECK-B.TO drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and TECK-B.TO. For additional features, visit the drawdowns tool.
Volatility
HXQ.TO vs. TECK-B.TO - Volatility Comparison
The current volatility for Horizons NASDAQ-100 Index ETF (HXQ.TO) is 6.07%, while Teck Resources Limited (TECK-B.TO) has a volatility of 10.67%. This indicates that HXQ.TO experiences smaller price fluctuations and is considered to be less risky than TECK-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.