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QDX.TO vs. QTIP.NEO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QDX.TO vs. QTIP.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Mackenzie International Equity Index ETF (QDX.TO) and Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO).

QDX.TO and QTIP.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDX.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index. It was launched on Jan 24, 2018. QTIP.NEO is a passively managed fund by Mackenzie that tracks the performance of the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index. It was launched on Jan 24, 2018. Both QDX.TO and QTIP.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QDX.TO vs. QTIP.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie International Equity Index ETF (QDX.TO) and Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO). The values are adjusted to include any dividend payments, if applicable.

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QDX.TO vs. QTIP.NEO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QDX.TO
Mackenzie International Equity Index ETF		2.63%25.29%12.93%13.66%-8.61%11.24%5.06%15.27%-8.78%
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)		0.29%4.82%0.82%3.50%-12.98%6.05%10.16%7.49%-0.75%

Returns By Period

In the year-to-date period, QDX.TO achieves a 2.63% return, which is significantly higher than QTIP.NEO's 0.29% return.

QDX.TO

1D
3.07%
1M
-5.76%
YTD
2.63%
6M
5.86%
1Y
19.56%
3Y*
15.55%
5Y*
10.13%
10Y*
—

QTIP.NEO

1D
0.30%
1M
-1.31%
YTD
0.29%
6M
-0.36%
1Y
1.29%
3Y*
1.89%
5Y*
0.54%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Mackenzie International Equity Index ETF

Mackenzie US TIPS Index ETF (CAD-Hedged)

Often compared with QDX.TO:
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Often compared with QTIP.NEO:
QTIP.NEO vs. MGRW.TOQTIP.NEO vs. QQQQ.TOQTIP.NEO vs. MAAA.TOQTIP.NEO vs. QDXH.TOQTIP.NEO vs. WSHR.NEOQTIP.NEO vs. QCN.TOQTIP.NEO vs. ZRR.TO

QDX.TO vs. QTIP.NEO - Expense Ratio Comparison

QDX.TO has a 0.17% expense ratio, which is higher than QTIP.NEO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

QDX.TO
Mackenzie International Equity Index ETF
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)

Return for Risk

QDX.TO vs. QTIP.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QDX.TO
QDX.TO Risk / Return Rank: 6464
Overall Rank
QDX.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
QDX.TO Sortino Ratio Rank: 6565
Sortino Ratio Rank
QDX.TO Omega Ratio Rank: 6363
Omega Ratio Rank
QDX.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
QDX.TO Martin Ratio Rank: 6363
Martin Ratio Rank
QTIP.NEO
QTIP.NEO Risk / Return Rank: 2020
Overall Rank
QTIP.NEO Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
QTIP.NEO Sortino Ratio Rank: 1717
Sortino Ratio Rank
QTIP.NEO Omega Ratio Rank: 1616
Omega Ratio Rank
QTIP.NEO Calmar Ratio Rank: 2525
Calmar Ratio Rank
QTIP.NEO Martin Ratio Rank: 2222
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.

QDX.TO vs. QTIP.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie International Equity Index ETF (QDX.TO) and Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO). 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.

QDX.TOQTIP.NEODifference

Sharpe ratio

Return per unit of total volatility

1.16

0.32

+0.84

Sortino ratio

Return per unit of downside risk

1.68

0.46

+1.23

Omega ratio

Gain probability vs. loss probability

1.24

1.06

+0.18

Calmar ratio

Return relative to maximum drawdown

1.68

0.59

+1.10

Martin ratio

Return relative to average drawdown

6.49

1.43

+5.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDX.TO vs. QTIP.NEO - Sharpe Ratio Comparison

The current QDX.TO Sharpe Ratio is 1.16, which is higher than the QTIP.NEO Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of QDX.TO and QTIP.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QDX.TOQTIP.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

0.32

+0.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.09

+0.66

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.34

+0.17

Correlation

The correlation between QDX.TO and QTIP.NEO is 0.08, 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

QDX.TO vs. QTIP.NEO - Dividend Comparison

QDX.TO's dividend yield for the trailing twelve months is around 2.82%, less than QTIP.NEO's 4.31% yield.

TTM20252024202320222021202020192018
QDX.TO
Mackenzie International Equity Index ETF		2.82%2.51%2.48%2.61%2.73%2.25%1.91%2.76%3.03%
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)		4.31%4.54%4.53%5.08%9.47%5.24%2.17%2.29%2.91%

Drawdowns

QDX.TO vs. QTIP.NEO - Drawdown Comparison

The maximum QDX.TO drawdown since its inception was -28.08%, which is greater than QTIP.NEO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for QDX.TO and QTIP.NEO.

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Drawdown Indicators

QDX.TOQTIP.NEODifference

Max Drawdown

Largest peak-to-trough decline

-28.08%

-15.03%

-13.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.30%

-2.65%

-8.65%

Max Drawdown (5Y)

Largest decline over 5 years

-23.00%

-15.03%

-7.97%

Current Drawdown

Current decline from peak

-6.59%

-4.64%

-1.95%

Average Drawdown

Average peak-to-trough decline

-4.59%

-4.80%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

1.09%

+1.84%

Volatility

QDX.TO vs. QTIP.NEO - Volatility Comparison

Mackenzie International Equity Index ETF (QDX.TO) has a higher volatility of 7.54% compared to Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) at 1.37%. This indicates that QDX.TO's price experiences larger fluctuations and is considered to be riskier than QTIP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QDX.TOQTIP.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.54%

1.37%

+6.17%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

2.49%

+8.36%

Volatility (1Y)

Calculated over the trailing 1-year period

16.94%

4.10%

+12.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.72%

6.26%

+7.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.43%

6.36%

+9.07%