IMO.TO vs. HXQ.TO

Last updated Jun 4, 2026

IMO.TO (Imperial Oil Limited) is a stock, while HXQ.TO (Horizons NASDAQ-100 Index ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, IMO.TO returned 18.33%/yr vs 22.59%/yr for HXQ.TO. At a 0.10 correlation, their price movements are largely independent.

Performance

IMO.TO vs. HXQ.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, IMO.TO achieves a 48.95% return, which is significantly higher than HXQ.TO's 22.84% return. Over the past 10 years, IMO.TO has underperformed HXQ.TO with an annualized return of 18.33%, while HXQ.TO has yielded a comparatively higher 22.59% annualized return.

IMO.TO

• 1D: 2.03%
• 1M: -1.11%
• YTD: 48.95%
• 6M: 31.48%
• 1Y: 78.21%
• 3Y*: 42.98%
• 5Y*: 37.00%
• 10Y*: 18.33%

HXQ.TO

• 1D: 0.25%
• 1M: 13.01%
• YTD: 22.84%
• 6M: 19.20%
• 1Y: 43.40%
• 3Y*: 30.08%
• 5Y*: 21.13%
• 10Y*: 22.59%

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

IMO.TO vs. HXQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMO.TO Imperial Oil Limited	48.95%	37.40%	20.37%	17.64%	47.77%	94.39%	-26.99%	1.80%	-10.19%	-14.64%
HXQ.TO Horizons NASDAQ-100 Index ETF	22.84%	15.05%	35.98%	51.16%	-27.84%	26.20%	45.58%	32.26%	6.71%	23.12%

Correlation

The correlation between IMO.TO and HXQ.TO is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Apr 22, 2016	0.10

The correlation between IMO.TO and HXQ.TO shifts across timeframes, from -0.08 (1 year) to 0.10 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

IMO.TO vs. HXQ.TO — Risk / Return Rank

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

IMO.TO

IMO.TO Risk / Return Rank: 91
IMO.TO Sharpe Ratio Rank: 94
IMO.TO Sortino Ratio Rank: 92
IMO.TO Omega Ratio Rank: 90
IMO.TO Calmar Ratio Rank: 89
IMO.TO Martin Ratio Rank: 92

HXQ.TO

HXQ.TO Risk / Return Rank: 75
HXQ.TO Sharpe Ratio Rank: 84
HXQ.TO Sortino Ratio Rank: 80
HXQ.TO Omega Ratio Rank: 80
HXQ.TO Calmar Ratio Rank: 69
HXQ.TO Martin Ratio Rank: 62

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.

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

This table presents a comparison of risk-adjusted performance metrics for Imperial Oil Limited (IMO.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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.

	IMO.TO	HXQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.80	+0.17
Sortino ratio: Return per unit of downside risk	3.55	3.65	-0.10
Omega ratio: Gain probability vs. loss probability	1.44	1.49	-0.05
Calmar ratio: Return relative to maximum drawdown	4.44	3.51	+0.93
Martin ratio: Return relative to average drawdown	14.55	11.28	+3.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMO.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current IMO.TO Sharpe Ratio is 2.97, which is comparable to the HXQ.TO Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of IMO.TO and HXQ.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

	IMO.TO	HXQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	2.80	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.22	1.02	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	1.09	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.08	-0.68

Drawdowns

IMO.TO vs. HXQ.TO - Drawdown Comparison

The maximum IMO.TO drawdown since its inception was -78.70%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for IMO.TO and HXQ.TO.

Drawdown Indicators

	IMO.TO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.70%	-31.60%	-47.10%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-12.43%	-5.27%
Max Drawdown (3Y) Largest decline over 3 years	-20.83%	-22.58%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.59%	-31.60%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	-75.21%	-31.60%	-43.61%
Current Drawdown Current decline from peak	-7.25%	0.00%	-7.25%
Average Drawdown Average peak-to-trough decline	-18.07%	-5.75%	-12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	3.86%	+1.53%

Volatility

IMO.TO vs. HXQ.TO - Volatility Comparison

Imperial Oil Limited (IMO.TO) has a higher volatility of 10.46% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 4.63%. This indicates that IMO.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMO.TO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	4.63%	+5.83%
Volatility (6M) Calculated over the trailing 6-month period	22.17%	11.81%	+10.36%
Volatility (1Y) Calculated over the trailing 1-year period	26.52%	15.62%	+10.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.46%	20.76%	+9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.41%	20.83%	+12.58%

Dividends

IMO.TO vs. HXQ.TO - Dividend Comparison

IMO.TO's dividend yield for the trailing twelve months is around 1.72%, while HXQ.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IMO.TO Imperial Oil Limited	1.72%	2.43%	2.71%	2.57%	2.21%	2.26%	3.64%	2.47%	2.11%	1.61%	1.26%	1.20%

Frequently Asked Questions

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

IMO.TO and HXQ.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.