L.TO vs. XQQ.TO
L.TO (Loblaw Companies Limited) is a stock, while XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) is Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Over the past 10 years, L.TO returned 18.49%/yr vs 19.59%/yr for XQQ.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
L.TO vs. XQQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, L.TO achieves a 2.15% return, which is significantly lower than XQQ.TO's 19.17% return. Over the past 10 years, L.TO has underperformed XQQ.TO with an annualized return of 18.49%, while XQQ.TO has yielded a comparatively higher 19.59% annualized return.
L.TO
- 1D
- 0.70%
- 1M
- 0.13%
- YTD
- 2.15%
- 6M
- 2.19%
- 1Y
- 13.39%
- 3Y*
- 31.22%
- 5Y*
- 29.84%
- 10Y*
- 18.49%
XQQ.TO
- 1D
- -0.54%
- 1M
- 8.62%
- YTD
- 19.17%
- 6M
- 17.53%
- 1Y
- 37.37%
- 3Y*
- 26.17%
- 5Y*
- 15.19%
- 10Y*
- 19.59%
L.TO vs. XQQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L.TO Loblaw Companies Limited | 2.15% | 32.54% | 50.14% | 9.65% | 18.16% | 70.07% | -3.01% | 13.23% | 14.59% | -2.20% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 19.17% | 18.38% | 24.23% | 52.23% | -33.67% | 22.29% | 45.23% | 37.48% | -2.33% | 31.83% |
Correlation
The correlation between L.TO and XQQ.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 11, 2011 | 0.19 |
The correlation between L.TO and XQQ.TO shifts across timeframes, from -0.12 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
L.TO vs. XQQ.TO — Risk / Return Rank
L.TO
XQQ.TO
L.TO vs. XQQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loblaw Companies Limited (L.TO) 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.
| L.TO | XQQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.94 | -2.02 |
| Martin ratioReturn relative to average drawdown | 2.20 | 10.98 | -8.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| L.TO | XQQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.37 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.60 | 0.68 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.88 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.86 | -0.18 |
Drawdowns
L.TO vs. XQQ.TO - Drawdown Comparison
The maximum L.TO drawdown since its inception was -63.24%, which is greater than XQQ.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for L.TO and XQQ.TO.
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Drawdown Indicators
| L.TO | XQQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.24% | -38.55% | -24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -12.76% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -22.72% | +8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -38.55% | +24.02% |
Max Drawdown (10Y)Largest decline over 10 years | -20.23% | -38.55% | +18.32% |
Current DrawdownCurrent decline from peak | -8.48% | -0.80% | -7.68% |
Average DrawdownAverage peak-to-trough decline | -14.85% | -5.92% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 3.41% | +2.69% |
Volatility
L.TO vs. XQQ.TO - Volatility Comparison
Loblaw Companies Limited (L.TO) has a higher volatility of 7.94% compared to iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) at 4.51%. This indicates that L.TO'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
| L.TO | XQQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 4.51% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 12.01% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 15.82% | +4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 22.51% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.74% | 22.34% | -3.60% |
Dividends
L.TO vs. XQQ.TO - Dividend Comparison
L.TO's dividend yield for the trailing twelve months is around 0.89%, more than XQQ.TO's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
L.TO Loblaw Companies Limited | 0.89% | 0.89% | 1.58% | 2.14% | 2.16% | 2.32% | 3.63% | 3.34% | 2.51% | 1.57% | 1.46% | 1.52% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.21% | 0.25% | 0.32% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% |
Frequently Asked Questions
L.TO and XQQ.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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