QCN.TO vs. TSLA
Compare and contrast key facts about Mackenzie Canadian Equity Index ETF (QCN.TO) and Tesla, Inc. (TSLA).
QCN.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive Canada Broad Market Index. It was launched on Jan 24, 2018.
Performance
QCN.TO vs. TSLA - Performance Comparison
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QCN.TO vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QCN.TO Mackenzie Canadian Equity Index ETF | 4.40% | 31.83% | 21.95% | 11.28% | -5.45% | 24.65% | 5.84% | 24.53% | -10.84% |
TSLA Tesla, Inc. | -14.15% | 6.25% | 76.49% | 97.28% | -62.54% | 48.40% | 729.18% | 19.52% | 8.68% |
Different Trading Currencies
QCN.TO is traded in CAD, while TSLA is traded in USD. To make them comparable, the TSLA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QCN.TO achieves a 4.40% return, which is significantly higher than TSLA's -16.22% return.
QCN.TO
- 1D
- 0.59%
- 1M
- -4.48%
- YTD
- 4.40%
- 6M
- 10.59%
- 1Y
- 34.71%
- 3Y*
- 21.40%
- 5Y*
- 15.34%
- 10Y*
- —
TSLA
- 1D
- 0.00%
- 1M
- -6.25%
- YTD
- -16.22%
- 6M
- -19.25%
- 1Y
- 34.65%
- 3Y*
- 22.62%
- 5Y*
- 13.32%
- 10Y*
- 38.02%
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Return for Risk
QCN.TO vs. TSLA — Risk / Return Rank
QCN.TO
TSLA
QCN.TO vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Equity Index ETF (QCN.TO) and Tesla, Inc. (TSLA). 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.
| QCN.TO | TSLA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 0.64 | +1.63 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.25 | +1.63 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.15 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.46 | +1.84 |
Martin ratioReturn relative to average drawdown | 14.55 | 3.31 | +11.24 |
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
| QCN.TO | TSLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 0.64 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.23 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.78 | 0.00 |
Correlation
The correlation between QCN.TO and TSLA is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QCN.TO vs. TSLA - Dividend Comparison
QCN.TO's dividend yield for the trailing twelve months is around 2.08%, while TSLA has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QCN.TO Mackenzie Canadian Equity Index ETF | 2.08% | 2.19% | 2.74% | 3.37% | 3.26% | 2.45% | 3.02% | 3.07% | 2.73% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QCN.TO vs. TSLA - Drawdown Comparison
The maximum QCN.TO drawdown since its inception was -36.90%, smaller than the maximum TSLA drawdown of -71.10%. Use the drawdown chart below to compare losses from any high point for QCN.TO and TSLA.
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Drawdown Indicators
| QCN.TO | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.90% | -73.63% | +36.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -27.48% | +16.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -73.63% | +57.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -4.48% | -22.17% | +17.69% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -22.77% | +19.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 11.30% | -8.87% |
Volatility
QCN.TO vs. TSLA - Volatility Comparison
The current volatility for Mackenzie Canadian Equity Index ETF (QCN.TO) is 5.92%, while Tesla, Inc. (TSLA) has a volatility of 10.80%. This indicates that QCN.TO experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCN.TO | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 10.80% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 29.59% | -18.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 54.77% | -39.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 57.89% | -44.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 57.87% | -42.04% |