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QQC-F.TO vs. ^NDX
Performance
Return for Risk
Drawdowns
Volatility

QQC-F.TO vs. ^NDX

Last updated Jun 5, 2026

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 20.19%/yr vs 21.98%/yr for ^NDX. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

QQC-F.TO vs. ^NDX - Performance Comparison

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

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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 19.18% return, which is significantly lower than ^NDX's 22.08% return. Over the past 10 years, QQC-F.TO has underperformed ^NDX with an annualized return of 20.19%, while ^NDX has yielded a comparatively higher 21.98% annualized return.

QQC-F.TO

1D
-0.50%
1M
8.60%
YTD
19.18%
6M
17.61%
1Y
37.09%
3Y*
26.30%
5Y*
16.21%
10Y*
20.19%

^NDX

1D
-0.44%
1M
10.86%
YTD
22.08%
6M
18.46%
1Y
42.37%
3Y*
29.29%
5Y*
20.54%
10Y*
21.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC-F.TO vs. ^NDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		19.18%18.41%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%
^NDX
NASDAQ 100 Index		22.08%14.66%35.61%50.42%-28.19%25.48%45.09%31.18%7.35%23.14%

Correlation

The correlation between QQC-F.TO and ^NDX is 0.87, 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

0.87

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

0.90

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

0.90

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

0.86

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2011

0.79

The correlation between QQC-F.TO and ^NDX shifts across timeframes, from 0.79 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Invesco NASDAQ 100 Index ETF CAD Hedged

NASDAQ 100 Index

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
Often compared with ^NDX:
^NDX vs. BRK-B^NDX vs. SPY^NDX vs. ARKK^NDX vs. ^IXIC^NDX vs. TSLA^NDX vs. VOO^NDX vs. NQ=F

Return for Risk

QQC-F.TO vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQC-F.TO
QQC-F.TO Risk / Return Rank: 6666
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 6868
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 6060
Martin Ratio Rank
^NDX
^NDX Risk / Return Rank: 8383
Overall Rank
^NDX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
^NDX Sortino Ratio Rank: 8484
Sortino Ratio Rank
^NDX Omega Ratio Rank: 8282
Omega Ratio Rank
^NDX Calmar Ratio Rank: 8383
Calmar Ratio Rank
^NDX Martin Ratio Rank: 8080
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.

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.

QQC-F.TO^NDXDifference
Sharpe ratioReturn per unit of total volatility
2.35
2.70

-0.36

Sortino ratioReturn per unit of downside risk
3.14
3.53

-0.39

Omega ratioGain probability vs. loss probability

1.40

1.48

-0.07

Calmar ratioReturn relative to maximum drawdown

2.83

3.42

-0.58

Martin ratioReturn relative to average drawdown

10.53

10.86

-0.33

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

QQC-F.TO vs. ^NDX - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.35, which is comparable to the ^NDX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of QQC-F.TO and ^NDX, 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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Sharpe Ratios by Period

QQC-F.TO^NDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

2.70

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.99

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

1.05

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

1.13

-0.21

Drawdowns

QQC-F.TO vs. ^NDX - Drawdown Comparison

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than ^NDX's maximum drawdown of -31.98%. 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^NDXDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-31.98%

-4.05%

Max Drawdown (1Y)

Largest decline over 1 year

-13.16%

-12.46%

-0.70%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-22.75%

-0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-36.03%

-31.98%

-4.05%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-31.98%

-4.05%

Current Drawdown

Current decline from peak

-0.73%

-0.44%

-0.29%

Average Drawdown

Average peak-to-trough decline

-5.50%

-4.86%

-0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.53%

3.91%

-0.38%

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 4.48% and 4.41%, 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^NDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.48%

4.41%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

12.08%

11.87%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

15.89%

15.74%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.44%

20.91%

+1.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.54%

21.03%

+1.51%

Frequently Asked Questions

QQC-F.TO and ^NDX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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