QQC-F.TO vs. ^NDX
QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, QQC-F.TO returned 19.30%/yr vs 20.99%/yr for ^NDX. Their correlation of 0.80 suggests significant overlap in exposure.
Performance
QQC-F.TO vs. ^NDX - Performance Comparison
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Different Trading Currencies
QQC-F.TO is traded in CAD, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQC-F.TO achieves a 12.04% return, which is significantly lower than ^NDX's 15.91% return. Over the past 10 years, QQC-F.TO has underperformed ^NDX with an annualized return of 19.30%, while ^NDX has yielded a comparatively higher 20.99% annualized return.
QQC-F.TO
- 1D
- -1.32%
- 1M
- -3.53%
- 6M
- 10.95%
- YTD
- 12.04%
- 1Y
- 22.02%
- 3Y*
- 20.50%
- 5Y*
- 13.33%
- 10Y*
- 19.30%
^NDX
- 1D
- -1.63%
- 1M
- -3.48%
- 6M
- 13.04%
- YTD
- 15.91%
- 1Y
- 26.85%
- 3Y*
- 24.22%
- 5Y*
- 16.74%
- 10Y*
- 20.99%
QQC-F.TO vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 12.04% | 18.79% | 24.19% | 52.81% | -33.42% | 27.15% | 45.04% | 37.63% | -2.23% | 31.94% |
^NDX NASDAQ 100 Index | 15.91% | 14.68% | 35.45% | 50.15% | -28.72% | 26.56% | 44.08% | 32.28% | 7.28% | 22.61% |
Correlation
The correlation between QQC-F.TO and ^NDX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012 | 0.80 |
The correlation between QQC-F.TO and ^NDX shifts across timeframes, from 0.80 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQC-F.TO vs. ^NDX — Risk / Return Rank
QQC-F.TO
^NDX
QQC-F.TO vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and NASDAQ 100 Index (^NDX). 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.
| QQC-F.TO | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.18 | -0.48 |
| Martin ratioReturn relative to average drawdown | 5.88 | 6.87 | -0.99 |
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Drawdowns
QQC-F.TO vs. ^NDX - Drawdown Comparison
The maximum QQC-F.TO drawdown since its inception was -36.03%, smaller than the maximum ^NDX drawdown of -38.10%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and ^NDX.
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Drawdown Indicators
| QQC-F.TO | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -38.10% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -12.37% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.76% | -22.81% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -36.03% | -32.52% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.03% | -32.52% | -3.51% |
Current DrawdownCurrent decline from peak | -6.77% | -6.83% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -6.87% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.92% | -0.16% |
Volatility
QQC-F.TO vs. ^NDX - Volatility Comparison
Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and NASDAQ 100 Index (^NDX) have volatilities of 7.42% and 7.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQC-F.TO | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 7.62% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 15.76% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 18.96% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.85% | 23.78% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 23.66% | -0.97% |
Frequently Asked Questions
With a correlation of 0.90, QQC-F.TO and ^NDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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