KMP-UN.TO vs. ZQQ.TO

Last updated Jun 5, 2026

KMP-UN.TO (Killam Apartment Real Estate Investment Trust) is a stock, while ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, KMP-UN.TO returned 8.29%/yr vs 19.97%/yr for ZQQ.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

KMP-UN.TO vs. ZQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Killam Apartment Real Estate Investment Trust (KMP-UN.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMP-UN.TO achieves a 12.63% return, which is significantly lower than ZQQ.TO's 19.23% return. Over the past 10 years, KMP-UN.TO has underperformed ZQQ.TO with an annualized return of 8.29%, while ZQQ.TO has yielded a comparatively higher 19.97% annualized return.

KMP-UN.TO

• 1D: 0.28%
• 1M: 5.68%
• YTD: 12.63%
• 6M: 13.32%
• 1Y: -2.49%
• 3Y*: 4.98%
• 5Y*: 2.53%
• 10Y*: 8.29%

ZQQ.TO

• 1D: -0.49%
• 1M: 8.68%
• YTD: 19.23%
• 6M: 17.57%
• 1Y: 37.46%
• 3Y*: 26.20%
• 5Y*: 16.01%
• 10Y*: 19.97%

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

KMP-UN.TO vs. ZQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KMP-UN.TO Killam Apartment Real Estate Investment Trust	12.63%	-0.06%	-1.08%	15.35%	-28.55%	42.61%	-6.13%	22.98%	16.95%	24.88%
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged)	19.23%	18.38%	24.00%	52.52%	-33.75%	26.68%	45.33%	37.08%	-2.29%	31.51%

Correlation

The correlation between KMP-UN.TO and ZQQ.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010	0.25

The correlation between KMP-UN.TO and ZQQ.TO shifts across timeframes, from 0.17 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

KMP-UN.TO vs. ZQQ.TO — Risk / Return Rank

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

KMP-UN.TO

KMP-UN.TO Risk / Return Rank: 33
KMP-UN.TO Sharpe Ratio Rank: 35
KMP-UN.TO Sortino Ratio Rank: 28
KMP-UN.TO Omega Ratio Rank: 28
KMP-UN.TO Calmar Ratio Rank: 36
KMP-UN.TO Martin Ratio Rank: 37

ZQQ.TO

ZQQ.TO Risk / Return Rank: 68
ZQQ.TO Sharpe Ratio Rank: 75
ZQQ.TO Sortino Ratio Rank: 71
ZQQ.TO Omega Ratio Rank: 70
ZQQ.TO Calmar Ratio Rank: 60
ZQQ.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.

KMP-UN.TO vs. ZQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Killam Apartment Real Estate Investment Trust (KMP-UN.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.

	KMP-UN.TO	ZQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	2.39	-2.55
Sortino ratio: Return per unit of downside risk	-0.11	3.17	-3.28
Omega ratio: Gain probability vs. loss probability	0.99	1.41	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.14	2.93	-3.07
Martin ratio: Return relative to average drawdown	-0.24	10.93	-11.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KMP-UN.TO vs. ZQQ.TO - Sharpe Ratio Comparison

The current KMP-UN.TO Sharpe Ratio is -0.15, which is lower than the ZQQ.TO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of KMP-UN.TO and ZQQ.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

	KMP-UN.TO	ZQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	2.39	-2.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.71	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.90	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.91	-0.90

Drawdowns

KMP-UN.TO vs. ZQQ.TO - Drawdown Comparison

The maximum KMP-UN.TO drawdown since its inception was -65.53%, which is greater than ZQQ.TO's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for KMP-UN.TO and ZQQ.TO.

Drawdown Indicators

	KMP-UN.TO	ZQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-65.53%	-36.39%	-29.14%
Max Drawdown (1Y) Largest decline over 1 year	-17.83%	-12.86%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-25.09%	-22.79%	-2.30%
Max Drawdown (5Y) Largest decline over 5 years	-35.56%	-36.39%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	-40.34%	-36.39%	-3.95%
Current Drawdown Current decline from peak	-10.17%	-0.77%	-9.40%
Average Drawdown Average peak-to-trough decline	-14.79%	-5.37%	-9.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.35%	3.44%	+6.91%

Volatility

KMP-UN.TO vs. ZQQ.TO - Volatility Comparison

Killam Apartment Real Estate Investment Trust (KMP-UN.TO) has a higher volatility of 7.35% compared to BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) at 4.56%. This indicates that KMP-UN.TO's price experiences larger fluctuations and is considered to be riskier than ZQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMP-UN.TO	ZQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	4.56%	+2.79%
Volatility (6M) Calculated over the trailing 6-month period	12.62%	12.02%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	15.73%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	22.56%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.82%	22.41%	-0.59%

Dividends

KMP-UN.TO vs. ZQQ.TO - Dividend Comparison

KMP-UN.TO's dividend yield for the trailing twelve months is around 3.97%, more than ZQQ.TO's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KMP-UN.TO Killam Apartment Real Estate Investment Trust	3.97%	4.39%	4.11%	3.90%	4.32%	2.91%	3.95%	3.47%	3.99%	4.34%	5.03%	5.71%
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged)	0.22%	0.27%	0.37%	0.32%	0.45%	0.14%	0.41%	0.51%	0.64%	0.57%	1.60%	0.81%

Frequently Asked Questions

Can I hold both KMP-UN.TO and ZQQ.TO in my portfolio?

KMP-UN.TO and ZQQ.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.