MEQT.TO vs. QQQQ.TO

Last updated Aug 4, 2026

MEQT.TO (Mackenzie All-Equity Allocation ETF) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both exchange-traded funds - MEQT.TO is a Global Equities fund actively managed by Mackenzie, while QQQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. MEQT.TO is actively managed, while QQQQ.TO is passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. MEQT.TO charges 0.17%/yr vs 0.25%/yr for QQQQ.TO.

Performance

MEQT.TO vs. QQQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie All-Equity Allocation ETF (MEQT.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEQT.TO achieves a 12.84% return, which is significantly lower than QQQQ.TO's 14.66% return.

MEQT.TO

• 1D: -0.35%
• 1M: -1.97%
• 6M: 10.00%
• YTD: 12.84%
• 1Y: 25.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.44%

QQQQ.TO

• 1D: 0.92%
• 1M: -4.25%
• 6M: 13.01%
• YTD: 14.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MEQT.TO Mackenzie All-Equity Allocation ETF	CA$180.94K	CA$187.75K	CA$184.59K
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	CA$40.99K	CA$39.05K	CA$54.52K

MEQT.TO vs. QQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
MEQT.TO Mackenzie All-Equity Allocation ETF	12.84%	8.66%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	14.66%	7.09%

Correlation

The correlation between MEQT.TO and QQQQ.TO is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.46

Return for Risk

MEQT.TO vs. QQQQ.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MEQT.TO

MEQT.TO Risk / Return Rank: 85
MEQT.TO Sharpe Ratio Rank: 85
MEQT.TO Sortino Ratio Rank: 85
MEQT.TO Omega Ratio Rank: 86
MEQT.TO Calmar Ratio Rank: 84
MEQT.TO Martin Ratio Rank: 86

QQQQ.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MEQT.TO vs. QQQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie All-Equity Allocation ETF (MEQT.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MEQT.TO	QQQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.34	—	—
Martin ratio: Return relative to average drawdown	13.47	—	—

Drawdowns

MEQT.TO vs. QQQQ.TO - Drawdown Comparison

The maximum MEQT.TO drawdown since its inception was -15.14%, which is greater than QQQQ.TO's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for MEQT.TO and QQQQ.TO.

Drawdown Indicators

	MEQT.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.14%	-12.27%	-2.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	—	—
Current Drawdown Current decline from peak	-2.25%	-7.67%	+5.42%
Average Drawdown Average peak-to-trough decline	-1.30%	-3.34%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	MEQT.TO	QQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	19.81%	-7.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.05%	19.81%	-7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.05%	19.81%	-7.76%

MEQT.TO vs. QQQQ.TO - Expense Ratio Comparison

MEQT.TO has a 0.17% expense ratio, which is lower than QQQQ.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MEQT.TO vs. QQQQ.TO - Dividend Comparison

MEQT.TO's dividend yield for the trailing twelve months is around 1.47%, more than QQQQ.TO's 0.10% yield.

Position	TTM	2025	2024	2023
MEQT.TO Mackenzie All-Equity Allocation ETF	1.47%	1.60%	1.73%	0.81%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.10%	0.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEQT.TO and QQQQ.TO in my portfolio?

MEQT.TO and QQQQ.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEQT.TO or QQQQ.TO?

On fees, MEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEQT.TO or QQQQ.TO?

MEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.25% for QQQQ.TO.

What is the main difference between MEQT.TO and QQQQ.TO?

MEQT.TO is categorized as Global Equities, while QQQQ.TO is Nasdaq-100. Their fees differ too: 0.17% for MEQT.TO and 0.25% for QQQQ.TO.