MSFT.TO vs. QQC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Microsoft CDR (CAD Hedged) (MSFT.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO).

QQC.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021.

Performance

MSFT.TO vs. QQC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Microsoft CDR (CAD Hedged) (MSFT.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO). The values are adjusted to include any dividend payments, if applicable.

MSFT.TO vs. QQC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSFT.TO Microsoft CDR (CAD Hedged)	-23.67%	12.65%	11.26%	56.34%	-29.26%	16.37%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	-4.69%	15.38%	35.73%	51.73%	-28.07%	11.42%

Returns By Period

In the year-to-date period, MSFT.TO achieves a -23.67% return, which is significantly lower than QQC.TO's -4.69% return.

MSFT.TO

• 1D: 3.07%
• 1M: -6.19%
• YTD: -23.67%
• 6M: -29.13%
• 1Y: -2.97%
• 3Y*: 7.54%
• 5Y*: —
• 10Y*: —

QQC.TO

• 1D: 3.16%
• 1M: -2.97%
• YTD: -4.69%
• 6M: -3.66%
• 1Y: 19.58%
• 3Y*: 23.41%
• 5Y*: —
• 10Y*: —

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

Return for Risk

MSFT.TO vs. QQC.TO — Risk / Return Rank

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

MSFT.TO

MSFT.TO Risk / Return Rank: 35
MSFT.TO Sharpe Ratio Rank: 37
MSFT.TO Sortino Ratio Rank: 31
MSFT.TO Omega Ratio Rank: 31
MSFT.TO Calmar Ratio Rank: 39
MSFT.TO Martin Ratio Rank: 38

QQC.TO

QQC.TO Risk / Return Rank: 57
QQC.TO Sharpe Ratio Rank: 53
QQC.TO Sortino Ratio Rank: 55
QQC.TO Omega Ratio Rank: 58
QQC.TO Calmar Ratio Rank: 66
QQC.TO Martin Ratio Rank: 53

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.

MSFT.TO vs. QQC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microsoft CDR (CAD Hedged) (MSFT.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.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.

	MSFT.TO	QQC.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.11	0.88	-0.99
Sortino ratio Return per unit of downside risk	0.03	1.35	-1.32
Omega ratio Gain probability vs. loss probability	1.00	1.20	-0.20
Calmar ratio Return relative to maximum drawdown	-0.12	1.55	-1.66
Martin ratio Return relative to average drawdown	-0.31	4.67	-4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFT.TO vs. QQC.TO - Sharpe Ratio Comparison

The current MSFT.TO Sharpe Ratio is -0.11, which is lower than the QQC.TO Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of MSFT.TO and QQC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSFT.TO	QQC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	0.88	-0.99
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.76	-0.58

Correlation

The correlation between MSFT.TO and QQC.TO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSFT.TO vs. QQC.TO - Dividend Comparison

MSFT.TO's dividend yield for the trailing twelve months is around 0.95%, more than QQC.TO's 0.41% yield.

	TTM	2025	2024	2023	2022	2021
MSFT.TO Microsoft CDR (CAD Hedged)	0.95%	0.71%	0.73%	0.75%	1.07%	0.18%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.41%	0.39%	0.45%	0.54%	0.91%	0.56%

Drawdowns

MSFT.TO vs. QQC.TO - Drawdown Comparison

The maximum MSFT.TO drawdown since its inception was -37.95%, which is greater than QQC.TO's maximum drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for MSFT.TO and QQC.TO.

Drawdown Indicators

	MSFT.TO	QQC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.95%	-31.81%	-6.14%
Max Drawdown (1Y) Largest decline over 1 year	-34.43%	-13.02%	-21.41%
Current Drawdown Current decline from peak	-32.18%	-9.37%	-22.81%
Average Drawdown Average peak-to-trough decline	-11.89%	-8.30%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.81%	4.31%	+8.50%

Volatility

MSFT.TO vs. QQC.TO - Volatility Comparison

Microsoft CDR (CAD Hedged) (MSFT.TO) has a higher volatility of 6.62% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) at 6.26%. This indicates that MSFT.TO's price experiences larger fluctuations and is considered to be riskier than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFT.TO	QQC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	6.26%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	19.23%	12.44%	+6.79%
Volatility (1Y) Calculated over the trailing 1-year period	26.66%	22.28%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.03%	20.98%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.03%	20.98%	+6.05%