Correlation
The correlation between HXS.TO and QQC.TO is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
HXS.TO vs. QQC.TO
Compare and contrast key facts about Global X S&P 500 Index Corporate Class ETF (HXS.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO).
HXS.TO and QQC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXS.TO is a passively managed fund by Global X that tracks the performance of the S&P 500 Index. It was launched on Nov 30, 2010. 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. Both HXS.TO and QQC.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HXS.TO or QQC.TO.
Performance
HXS.TO vs. QQC.TO - Performance Comparison
Loading data...
Key characteristics
HXS.TO:
0.72
QQC.TO:
0.63
HXS.TO:
1.04
QQC.TO:
0.95
HXS.TO:
1.15
QQC.TO:
1.13
HXS.TO:
0.70
QQC.TO:
0.64
HXS.TO:
2.37
QQC.TO:
1.98
HXS.TO:
5.58%
QQC.TO:
7.26%
HXS.TO:
19.55%
QQC.TO:
25.12%
HXS.TO:
-27.42%
QQC.TO:
-31.81%
HXS.TO:
-7.54%
QQC.TO:
-6.99%
Returns By Period
In the year-to-date period, HXS.TO achieves a -3.82% return, which is significantly lower than QQC.TO's -2.76% return.
HXS.TO
-3.82%
4.70%
-3.71%
13.74%
17.02%
15.35%
13.51%
QQC.TO
-2.76%
7.07%
0.14%
16.38%
22.61%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HXS.TO vs. QQC.TO - Expense Ratio Comparison
HXS.TO has a 0.10% expense ratio, which is lower than QQC.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%.
Risk-Adjusted Performance
HXS.TO vs. QQC.TO — Risk-Adjusted Performance Rank
HXS.TO
QQC.TO
HXS.TO vs. QQC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Index Corporate Class ETF (HXS.TO) 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.
Loading data...
Dividends
HXS.TO vs. QQC.TO - Dividend Comparison
HXS.TO has not paid dividends to shareholders, while QQC.TO's dividend yield for the trailing twelve months is around 0.46%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
HXS.TO Global X S&P 500 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.46% | 0.45% | 0.54% | 0.91% | 0.56% |
Drawdowns
HXS.TO vs. QQC.TO - Drawdown Comparison
The maximum HXS.TO drawdown since its inception was -27.42%, smaller than the maximum QQC.TO drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for HXS.TO and QQC.TO.
Loading data...
Volatility
HXS.TO vs. QQC.TO - Volatility Comparison
The current volatility for Global X S&P 500 Index Corporate Class ETF (HXS.TO) is 5.62%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a volatility of 6.37%. This indicates that HXS.TO 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.
Loading data...