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IXN vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXN vs. XQQ.TO

Last updated Jun 9, 2026

IXN (iShares Global Tech ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, IXN returned 24.76%/yr vs 18.92%/yr for XQQ.TO. A 0.77 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 0.39%/yr for XQQ.TO.

Performance

IXN vs. XQQ.TO - Performance Comparison

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

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Different Trading Currencies

IXN 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, IXN achieves a 32.00% return, which is significantly higher than XQQ.TO's 13.12% return. Over the past 10 years, IXN has outperformed XQQ.TO with an annualized return of 24.76%, while XQQ.TO has yielded a comparatively lower 18.92% annualized return.

IXN

1D
2.45%
1M
4.20%
YTD
32.00%
6M
30.10%
1Y
61.63%
3Y*
33.24%
5Y*
21.65%
10Y*
24.76%

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)

IXN vs. XQQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXN
iShares Global Tech ETF		32.00%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%
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 IXN and XQQ.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.86

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

0.88

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

0.85

Correlation (All Time)
Calculated using the full available price history since May 11, 2011

0.77

The correlation between IXN and XQQ.TO shifts across timeframes, from 0.77 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.

IXN vs. XQQ.TO - Sectors Allocation Comparison

Sectors
IXN
XQQ.TO

Technology

99.3%
53.7%

Industrials

0.2%
3.1%

Energy

0.1%
0.6%

Healthcare

0.1%
4.2%

Real Estate

0.0%
0.1%

Basic Materials

-

1.1%

Communication Services

-

15.8%

Consumer Cyclical

-

12.2%

Consumer Defensive

-

7.7%

Financial Services

-

0.2%

Utilities

-

1.4%

Technology

IXN
99.3%
XQQ.TO
53.7%

Industrials

IXN
0.2%
XQQ.TO
3.1%

Energy

IXN
0.1%
XQQ.TO
0.6%

Healthcare

IXN
0.1%
XQQ.TO
4.2%

Real Estate

IXN
0.0%
XQQ.TO
0.1%

Basic Materials

IXN

-

XQQ.TO
1.1%

Communication Services

IXN

-

XQQ.TO
15.8%

Consumer Cyclical

IXN

-

XQQ.TO
12.2%

Consumer Defensive

IXN

-

XQQ.TO
7.7%

Financial Services

IXN

-

XQQ.TO
0.2%

Utilities

IXN

-

XQQ.TO
1.4%

Compare stocks, funds, or ETFs

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

iShares Global Tech ETF

iShares NASDAQ 100 Index ETF (CAD-Hedged)

Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC
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

IXN vs. XQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXN
IXN Risk / Return Rank: 8484
Overall Rank
IXN Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8080
Sortino Ratio Rank
IXN Omega Ratio Rank: 8181
Omega Ratio Rank
IXN Calmar Ratio Rank: 8787
Calmar Ratio Rank
IXN Martin Ratio Rank: 8282
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

IXNXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.65
1.54

+1.11

Sortino ratioReturn per unit of downside risk
3.19
2.04

+1.15

Omega ratioGain probability vs. loss probability

1.44

1.28

+0.16

Calmar ratioReturn relative to maximum drawdown

4.49

1.88

+2.61

Martin ratioReturn relative to average drawdown

15.19

7.01

+8.18

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

IXN vs. XQQ.TO - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 2.65, which is higher than the XQQ.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of IXN 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.

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Sharpe Ratios by Period

IXNXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.65

1.54

+1.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.48

+0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.01

0.81

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.67

-0.14

Drawdowns

IXN vs. XQQ.TO - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than XQQ.TO's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for IXN and XQQ.TO.

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Drawdown Indicators

IXNXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.67%

-43.53%

-12.14%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-14.43%

+0.63%

Max Drawdown (3Y)

Largest decline over 3 years

-25.55%

-22.99%

-2.56%

Max Drawdown (5Y)

Largest decline over 5 years

-36.30%

-43.53%

+7.23%

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

-43.53%

+7.23%

Current Drawdown

Current decline from peak

-7.44%

-4.84%

-2.60%

Average Drawdown

Average peak-to-trough decline

-11.27%

-7.80%

-3.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

3.87%

+0.20%

Volatility

IXN vs. XQQ.TO - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 11.51% compared to iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) at 6.70%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXNXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.51%

6.70%

+4.81%

Volatility (6M)

Calculated over the trailing 6-month period

19.70%

13.80%

+5.90%

Volatility (1Y)

Calculated over the trailing 1-year period

23.42%

17.63%

+5.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.08%

23.44%

+1.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.53%

23.38%

+1.15%

IXN vs. XQQ.TO - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than XQQ.TO's 0.39% expense ratio.

Dividends

IXN vs. XQQ.TO - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.79%, more than XQQ.TO's 0.22% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.79%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
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

IXN and XQQ.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XQQ.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XQQ.TO is cheaper with a 0.39% expense ratio, compared with 0.46% for IXN.

IXN is categorized as Technology Equities, while XQQ.TO is Nasdaq-100. IXN tracks S&P Global Information Technology Sector Index, while XQQ.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.46% for IXN and 0.39% for XQQ.TO.

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