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PXC.TO vs. QQC-F.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PXC.TO vs. QQC-F.TO

Last updated Jun 17, 2026

PXC.TO (Invesco RAFI Canadian Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - PXC.TO is a Canada Equities fund tracking the RAFI Canada Index, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, PXC.TO returned 13.49%/yr vs 20.48%/yr for QQC-F.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

PXC.TO vs. QQC-F.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, PXC.TO achieves a 18.54% return, which is significantly higher than QQC-F.TO's 17.54% return. Over the past 10 years, PXC.TO has underperformed QQC-F.TO with an annualized return of 13.49%, while QQC-F.TO has yielded a comparatively higher 20.48% annualized return.

PXC.TO

1D
1.18%
1M
3.49%
YTD
18.54%
6M
16.15%
1Y
38.06%
3Y*
24.74%
5Y*
17.15%
10Y*
13.49%

QQC-F.TO

1D
-1.79%
1M
2.97%
YTD
17.54%
6M
18.09%
1Y
34.68%
3Y*
24.44%
5Y*
15.28%
10Y*
20.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PXC.TO vs. QQC-F.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PXC.TO
Invesco RAFI Canadian Index ETF		18.54%26.50%19.57%9.28%1.37%34.11%-1.11%19.11%-9.11%7.15%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		17.54%18.79%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%

Correlation

The correlation between PXC.TO and QQC-F.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2012

0.36

The correlation between PXC.TO and QQC-F.TO shifts across timeframes, from 0.30 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Invesco RAFI Canadian Index ETF

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with PXC.TO:
PXC.TO vs. INOC.TOPXC.TO vs. ESGC.TOPXC.TO vs. CFOU.TOPXC.TO vs. CLSA.TOPXC.TO vs. EQL.TOPXC.TO vs. EQLI.TOPXC.TO vs. HCA.TO
Often compared with QQC-F.TO:
QQC-F.TO vs. QQC.TOQQC-F.TO vs. XEQT.TOQQC-F.TO vs. QQQQQC-F.TO vs. HXQ.TOQQC-F.TO vs. QQQMQQC-F.TO vs. XQQ.TOQQC-F.TO vs. VFV.TO

Return for Risk

PXC.TO vs. QQC-F.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PXC.TO
PXC.TO Risk / Return Rank: 9696
Overall Rank
PXC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PXC.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
PXC.TO Omega Ratio Rank: 9696
Omega Ratio Rank
PXC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PXC.TO Martin Ratio Rank: 9696
Martin Ratio Rank
QQC-F.TO
QQC-F.TO Risk / Return Rank: 5959
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 6161
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 5757
Martin Ratio Rank
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.

PXC.TO vs. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Canadian Index ETF (PXC.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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.

PXC.TOQQC-F.TODifference
Sharpe ratioReturn per unit of total volatility
3.72
2.02

+1.70

Sortino ratioReturn per unit of downside risk
4.88
2.68

+2.20

Omega ratioGain probability vs. loss probability

1.74

1.35

+0.38

Calmar ratioReturn relative to maximum drawdown

8.23

2.68

+5.55

Martin ratioReturn relative to average drawdown

32.94

9.75

+23.19

PXC.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current PXC.TO Sharpe Ratio is 3.72, which is higher than the QQC-F.TO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of PXC.TO and QQC-F.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.

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Drawdowns

PXC.TO vs. QQC-F.TO - Drawdown Comparison

The maximum PXC.TO drawdown since its inception was -41.78%, which is greater than QQC-F.TO's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for PXC.TO and QQC-F.TO.

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Drawdown Indicators

PXC.TOQQC-F.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.78%

-36.03%

-5.75%

Max Drawdown (1Y)

Largest decline over 1 year

-4.64%

-12.98%

+8.34%

Max Drawdown (3Y)

Largest decline over 3 years

-10.99%

-22.76%

+11.77%

Max Drawdown (5Y)

Largest decline over 5 years

-15.75%

-36.03%

+20.28%

Max Drawdown (10Y)

Largest decline over 10 years

-41.78%

-36.03%

-5.75%

Current Drawdown

Current decline from peak

0.00%

-2.20%

+2.20%

Average Drawdown

Average peak-to-trough decline

-5.05%

-5.49%

+0.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

3.57%

-2.41%

Volatility

PXC.TO vs. QQC-F.TO - Volatility Comparison

The current volatility for Invesco RAFI Canadian Index ETF (PXC.TO) is 2.93%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 7.78%. This indicates that PXC.TO experiences smaller price fluctuations and is considered to be less risky than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PXC.TOQQC-F.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

7.78%

-4.85%

Volatility (6M)

Calculated over the trailing 6-month period

8.49%

13.88%

-5.39%

Volatility (1Y)

Calculated over the trailing 1-year period

10.29%

17.32%

-7.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.29%

22.66%

-9.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.43%

22.65%

-6.22%

Dividends

PXC.TO vs. QQC-F.TO - Dividend Comparison

PXC.TO's dividend yield for the trailing twelve months is around 2.24%, more than QQC-F.TO's 0.34% yield.

PositionTTM20252024202320222021202020192018201720162015
PXC.TO
Invesco RAFI Canadian Index ETF		2.24%2.65%3.17%3.48%3.42%2.58%3.10%2.92%2.86%2.23%2.57%3.13%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.34%0.39%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%

Frequently Asked Questions

PXC.TO and QQC-F.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PXC.TO is categorized as Canada Equities, while QQC-F.TO is Nasdaq-100. PXC.TO tracks RAFI Canada Index, while QQC-F.TO tracks NASDAQ-100 Index.

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