PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IVLU vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. XQQ.TO

Last updated Jun 9, 2026

IVLU (iShares MSCI Intl Value Factor ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value, while XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, IVLU returned 11.09%/yr vs 18.92%/yr for XQQ.TO. A 0.51 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.39%/yr for XQQ.TO.

Performance

IVLU vs. XQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Value Factor ETF (IVLU) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IVLU achieves a 10.99% return, which is significantly lower than XQQ.TO's 13.12% return. Over the past 10 years, IVLU has underperformed XQQ.TO with an annualized return of 11.09%, while XQQ.TO has yielded a comparatively higher 18.92% annualized return.

IVLU

1D
0.45%
1M
0.05%
YTD
10.99%
6M
14.55%
1Y
32.63%
3Y*
23.34%
5Y*
13.74%
10Y*
11.09%

XQQ.TO

1D
1.15%
1M
-1.40%
YTD
13.12%
6M
10.11%
1Y
27.06%
3Y*
22.58%
5Y*
11.15%
10Y*
18.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. XQQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI Intl Value Factor ETF		10.99%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		13.12%21.31%14.96%56.99%-37.11%22.83%49.67%44.89%-8.97%43.10%

Correlation

The correlation between IVLU and XQQ.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2015

0.51

The correlation between IVLU and XQQ.TO has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

IVLU vs. XQQ.TO - Sectors Allocation Comparison

Sectors
IVLU
XQQ.TO

Financial Services

25.3%
0.2%

Industrials

17.2%
3.1%

Technology

11.3%
53.7%

Healthcare

9.7%
4.2%

Basic Materials

7.5%
1.1%

Consumer Cyclical

7.4%
12.2%

Consumer Defensive

6.3%
7.7%

Energy

5.1%
0.6%

Communication Services

4.0%
15.8%

Utilities

3.3%
1.4%

Real Estate

1.5%
0.1%

Financial Services

IVLU
25.3%
XQQ.TO
0.2%

Industrials

IVLU
17.2%
XQQ.TO
3.1%

Technology

IVLU
11.3%
XQQ.TO
53.7%

Healthcare

IVLU
9.7%
XQQ.TO
4.2%

Basic Materials

IVLU
7.5%
XQQ.TO
1.1%

Consumer Cyclical

IVLU
7.4%
XQQ.TO
12.2%

Consumer Defensive

IVLU
6.3%
XQQ.TO
7.7%

Energy

IVLU
5.1%
XQQ.TO
0.6%

Communication Services

IVLU
4.0%
XQQ.TO
15.8%

Utilities

IVLU
3.3%
XQQ.TO
1.4%

Real Estate

IVLU
1.5%
XQQ.TO
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Intl Value Factor ETF

iShares NASDAQ 100 Index ETF (CAD-Hedged)

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. VXUSIVLU vs. FIVAIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO

Return for Risk

IVLU vs. XQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 6969
Overall Rank
IVLU Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7272
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7272
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6464
Martin Ratio Rank
XQQ.TO
XQQ.TO Risk / Return Rank: 5151
Overall Rank
XQQ.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 4545
Martin Ratio Rank
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.

IVLU vs. XQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.

IVLUXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.14
1.54

+0.60

Sortino ratioReturn per unit of downside risk
2.92
2.04

+0.88

Omega ratioGain probability vs. loss probability

1.38

1.28

+0.11

Calmar ratioReturn relative to maximum drawdown

2.80

1.88

+0.92

Martin ratioReturn relative to average drawdown

10.66

7.01

+3.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVLU vs. XQQ.TO - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.14, which is higher than the XQQ.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of IVLU and XQQ.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.

Loading charts...

Sharpe Ratios by Period

IVLUXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.14

1.54

+0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.48

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.81

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.67

-0.20

Drawdowns

IVLU vs. XQQ.TO - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, roughly equal to the maximum XQQ.TO drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for IVLU and XQQ.TO.

Loading charts...

Drawdown Indicators

IVLUXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-43.53%

+1.68%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-14.43%

+2.74%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-22.99%

+7.51%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-43.53%

+17.49%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-43.53%

+1.68%

Current Drawdown

Current decline from peak

-2.27%

-4.84%

+2.57%

Average Drawdown

Average peak-to-trough decline

-8.59%

-7.80%

-0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

3.87%

-0.80%

Volatility

IVLU vs. XQQ.TO - Volatility Comparison

The current volatility for iShares MSCI Intl Value Factor ETF (IVLU) is 4.47%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 6.70%. This indicates that IVLU experiences smaller price fluctuations and is considered to be less risky than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IVLUXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

6.70%

-2.23%

Volatility (6M)

Calculated over the trailing 6-month period

12.48%

13.80%

-1.32%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

17.63%

-2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.52%

23.44%

-6.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.67%

23.38%

-5.71%

IVLU vs. XQQ.TO - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.

Dividends

IVLU vs. XQQ.TO - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.34%, more than XQQ.TO's 0.22% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI Intl Value Factor ETF		3.34%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.22%0.25%0.67%0.93%1.27%0.52%0.80%1.44%1.61%1.64%2.35%1.93%

Frequently Asked Questions

IVLU and XQQ.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IVLU is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IVLU is cheaper with a 0.30% expense ratio, compared with 0.39% for XQQ.TO.

IVLU is categorized as Foreign Large Cap Equities, while XQQ.TO is Nasdaq-100. IVLU tracks MSCI World ex USA Enhanced Value, while XQQ.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.30% for IVLU and 0.39% for XQQ.TO.

Portfolio Optimizer

Find the right allocation for IVLU and XQQ.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer