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 20.71%/yr vs 22.11%/yr for ^NDX. Their correlation of 0.80 suggests significant overlap in exposure.
Performance
QQC-F.TO vs. ^NDX - Performance Comparison
Loading charts...
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 15.07% return, which is significantly lower than ^NDX's 19.52% return. Over the past 10 years, QQC-F.TO has underperformed ^NDX with an annualized return of 20.71%, while ^NDX has yielded a comparatively higher 22.11% annualized return.
QQC-F.TO
- 1D
- 0.45%
- 1M
- -2.15%
- YTD
- 15.07%
- 6M
- 13.35%
- 1Y
- 30.02%
- 3Y*
- 24.62%
- 5Y*
- 14.51%
- 10Y*
- 20.71%
^NDX
- 1D
- -1.38%
- 1M
- -0.14%
- YTD
- 19.52%
- 6M
- 17.88%
- 1Y
- 34.28%
- 3Y*
- 28.12%
- 5Y*
- 18.51%
- 10Y*
- 22.11%
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 | 15.07% | 18.79% | 24.19% | 52.81% | -33.42% | 27.15% | 45.04% | 37.63% | -2.23% | 31.94% |
^NDX NASDAQ 100 Index | 19.52% | 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 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
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 0.90 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.78 | -0.46 |
| Martin ratioReturn relative to average drawdown | 8.34 | 8.95 | -0.61 |
Loading charts...
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.
Loading charts...
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 | -4.25% | -3.92% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -6.88% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.84% | -0.23% |
Volatility
QQC-F.TO vs. ^NDX - Volatility Comparison
The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) is 8.59%, while NASDAQ 100 Index (^NDX) has a volatility of 9.30%. This indicates that QQC-F.TO experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQC-F.TO | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 9.30% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.26% | 14.93% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 18.29% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.72% | 23.68% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 23.63% | -0.99% |
Frequently Asked Questions
QQC-F.TO and ^NDX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for QQC-F.TO and ^NDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer