MRU.TO vs. XQQ.TO

Last updated Jun 4, 2026

MRU.TO (Metro Inc.) 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, MRU.TO returned 8.78%/yr vs 19.70%/yr for XQQ.TO. At a 0.17 correlation, their price movements are largely independent.

Performance

MRU.TO vs. XQQ.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, MRU.TO achieves a -9.08% return, which is significantly lower than XQQ.TO's 19.81% return. Over the past 10 years, MRU.TO has underperformed XQQ.TO with an annualized return of 8.78%, while XQQ.TO has yielded a comparatively higher 19.70% annualized return.

MRU.TO

• 1D: 1.53%
• 1M: -0.73%
• YTD: -9.08%
• 6M: -8.71%
• 1Y: -15.34%
• 3Y*: 9.18%
• 5Y*: 10.60%
• 10Y*: 8.78%

XQQ.TO

• 1D: -0.27%
• 1M: 10.58%
• YTD: 19.81%
• 6M: 18.06%
• 1Y: 38.49%
• 3Y*: 26.43%
• 5Y*: 15.31%
• 10Y*: 19.70%

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

MRU.TO vs. XQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRU.TO Metro Inc.	-9.08%	11.26%	33.74%	-6.94%	13.16%	20.54%	7.62%	14.95%	19.73%	1.80%
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged)	19.81%	18.38%	24.23%	52.23%	-33.67%	22.29%	45.23%	37.48%	-2.33%	31.83%

Correlation

The correlation between MRU.TO and XQQ.TO is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since May 11, 2011	0.17

The correlation between MRU.TO and XQQ.TO shifts across timeframes, from -0.11 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRU.TO vs. XQQ.TO — Risk / Return Rank

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

MRU.TO

MRU.TO Risk / Return Rank: 8
MRU.TO Sharpe Ratio Rank: 8
MRU.TO Sortino Ratio Rank: 11
MRU.TO Omega Ratio Rank: 10
MRU.TO Calmar Ratio Rank: 5
MRU.TO Martin Ratio Rank: 4

XQQ.TO

XQQ.TO Risk / Return Rank: 66
XQQ.TO Sharpe Ratio Rank: 73
XQQ.TO Sortino Ratio Rank: 69
XQQ.TO Omega Ratio Rank: 68
XQQ.TO Calmar Ratio Rank: 60
XQQ.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.

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

This table presents a comparison of risk-adjusted performance metrics for Metro Inc. (MRU.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.

	MRU.TO	XQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	2.45	-3.28
Sortino ratio: Return per unit of downside risk	-1.00	3.20	-4.21
Omega ratio: Gain probability vs. loss probability	0.87	1.42	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.91	3.03	-3.94
Martin ratio: Return relative to average drawdown	-1.59	11.31	-12.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRU.TO vs. XQQ.TO - Sharpe Ratio Comparison

The current MRU.TO Sharpe Ratio is -0.83, which is lower than the XQQ.TO Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MRU.TO 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.

Sharpe Ratios by Period

	MRU.TO	XQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	2.45	-3.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.68	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.89	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.86	0.00

Drawdowns

MRU.TO vs. XQQ.TO - Drawdown Comparison

The maximum MRU.TO drawdown since its inception was -46.70%, 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 MRU.TO and XQQ.TO.

Drawdown Indicators

	MRU.TO	XQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-46.70%	-38.55%	-8.15%
Max Drawdown (1Y) Largest decline over 1 year	-16.96%	-12.76%	-4.20%
Max Drawdown (3Y) Largest decline over 3 years	-17.65%	-22.72%	+5.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.65%	-38.55%	+20.90%
Max Drawdown (10Y) Largest decline over 10 years	-19.06%	-38.55%	+19.49%
Current Drawdown Current decline from peak	-16.17%	-0.27%	-15.90%
Average Drawdown Average peak-to-trough decline	-7.84%	-5.92%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	3.41%	+6.27%

Volatility

MRU.TO vs. XQQ.TO - Volatility Comparison

The current volatility for Metro Inc. (MRU.TO) is 3.83%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 4.48%. This indicates that MRU.TO experiences smaller price fluctuations and is considered to be less risky than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRU.TO	XQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	4.48%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	12.00%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	15.82%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	22.52%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	22.34%	-5.15%

Dividends

MRU.TO vs. XQQ.TO - Dividend Comparison

MRU.TO's dividend yield for the trailing twelve months is around 1.75%, more than XQQ.TO's 0.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MRU.TO Metro Inc.	1.75%	1.50%	1.49%	1.77%	1.47%	1.49%	1.58%	1.49%	1.52%	1.62%	1.39%	1.21%
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

Can I hold both MRU.TO and XQQ.TO in my portfolio?

MRU.TO and XQQ.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.