JAPN.TO vs. QQQY.TO

Last updated Jun 5, 2026

JAPN.TO (CI WisdomTree Japan Equity Index ETF) and QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) are both exchange-traded funds - JAPN.TO is a Japan Equities fund tracking the WisdomTree Japan Equity Index CAD, while QQQY.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. Both are passively managed. Over the past year, JAPN.TO returned 53.10% vs 50.02% for QQQY.TO. At a 0.37 correlation, their price movements are largely independent. JAPN.TO charges 0.48%/yr vs 0.74%/yr for QQQY.TO.

Performance

JAPN.TO vs. QQQY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI WisdomTree Japan Equity Index ETF (JAPN.TO) and Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JAPN.TO having a 19.69% return and QQQY.TO slightly lower at 19.46%.

JAPN.TO

• 1D: 0.29%
• 1M: 6.06%
• YTD: 19.69%
• 6M: 22.60%
• 1Y: 53.10%
• 3Y*: 32.10%
• 5Y*: 25.69%
• 10Y*: —

QQQY.TO

• 1D: -0.99%
• 1M: 10.08%
• YTD: 19.46%
• 6M: 18.17%
• 1Y: 50.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JAPN.TO vs. QQQY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JAPN.TO CI WisdomTree Japan Equity Index ETF	19.69%	30.66%	29.25%	4.21%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	19.46%	24.48%	28.32%	255,247.40%

Correlation

The correlation between JAPN.TO and QQQY.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 5, 2023	0.37

JAPN.TO vs. QQQY.TO - Sectors Allocation Comparison

Sectors	JAPN.TO	QQQY.TO
Industrials	27.8%	0.3%
Financial Services	18.9%	-
Consumer Cyclical	16.1%	1.0%
Technology	12.0%	79.0%
Basic Materials	7.8%	-
Healthcare	6.8%	-
Consumer Defensive	4.8%	-
Communication Services	3.8%	19.7%
Energy	1.9%	-
Utilities	0.1%	-
Real Estate	-	-

Return for Risk

JAPN.TO vs. QQQY.TO — Risk / Return Rank

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

JAPN.TO

JAPN.TO Risk / Return Rank: 88
JAPN.TO Sharpe Ratio Rank: 89
JAPN.TO Sortino Ratio Rank: 90
JAPN.TO Omega Ratio Rank: 89
JAPN.TO Calmar Ratio Rank: 86
JAPN.TO Martin Ratio Rank: 86

QQQY.TO

QQQY.TO Risk / Return Rank: 76
QQQY.TO Sharpe Ratio Rank: 83
QQQY.TO Sortino Ratio Rank: 77
QQQY.TO Omega Ratio Rank: 78
QQQY.TO Calmar Ratio Rank: 69
QQQY.TO Martin Ratio Rank: 72

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.

JAPN.TO vs. QQQY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI WisdomTree Japan Equity Index ETF (JAPN.TO) and Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.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.

	JAPN.TO	QQQY.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.68	+0.29
Sortino ratio: Return per unit of downside risk	4.16	3.40	+0.76
Omega ratio: Gain probability vs. loss probability	1.56	1.46	+0.10
Calmar ratio: Return relative to maximum drawdown	4.81	3.37	+1.44
Martin ratio: Return relative to average drawdown	18.07	13.22	+4.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAPN.TO vs. QQQY.TO - Sharpe Ratio Comparison

The current JAPN.TO Sharpe Ratio is 2.97, which is comparable to the QQQY.TO Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of JAPN.TO and QQQY.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

	JAPN.TO	QQQY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	2.68	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.02	+0.92

Drawdowns

JAPN.TO vs. QQQY.TO - Drawdown Comparison

The maximum JAPN.TO drawdown since its inception was -28.88%, which is greater than QQQY.TO's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for JAPN.TO and QQQY.TO.

Drawdown Indicators

	JAPN.TO	QQQY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-28.88%	-26.27%	-2.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.09%	-14.91%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-21.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.67%	—	—
Current Drawdown Current decline from peak	0.00%	-1.13%	+1.13%
Average Drawdown Average peak-to-trough decline	-6.04%	-4.02%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.79%	-0.84%

Volatility

JAPN.TO vs. QQQY.TO - Volatility Comparison

The current volatility for CI WisdomTree Japan Equity Index ETF (JAPN.TO) is 3.43%, while Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) has a volatility of 4.81%. This indicates that JAPN.TO experiences smaller price fluctuations and is considered to be less risky than QQQY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAPN.TO	QQQY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	4.81%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	14.68%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	18.76%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	134,195.03%	-134,176.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	134,195.03%	-134,175.36%

JAPN.TO vs. QQQY.TO - Expense Ratio Comparison

JAPN.TO has a 0.48% expense ratio, which is lower than QQQY.TO's 0.74% expense ratio.

Dividends

JAPN.TO vs. QQQY.TO - Dividend Comparison

JAPN.TO's dividend yield for the trailing twelve months is around 2.02%, less than QQQY.TO's 12.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JAPN.TO CI WisdomTree Japan Equity Index ETF	2.02%	2.08%	1.58%	1.51%	2.59%	1.35%	1.36%	2.12%	0.62%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	12.41%	13.97%	14.09%	2.73%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JAPN.TO and QQQY.TO in my portfolio?

JAPN.TO and QQQY.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JAPN.TO or QQQY.TO?

On fees, JAPN.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JAPN.TO or QQQY.TO?

JAPN.TO is cheaper with a 0.48% expense ratio, compared with 0.74% for QQQY.TO.

What is the main difference between JAPN.TO and QQQY.TO?

JAPN.TO is categorized as Japan Equities, while QQQY.TO is Nasdaq-100. JAPN.TO tracks WisdomTree Japan Equity Index CAD, while QQQY.TO tracks NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. They also come from different issuers: CI Investments and Evolve. Their fees differ too: 0.48% for JAPN.TO and 0.74% for QQQY.TO.