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QQC-F.TO vs. CMR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQC-F.TO vs. CMR.TO

Last updated Jun 4, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and CMR.TO (iShares Premium Money Market ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CMR.TO is a Money Market fund actively managed by iShares. QQC-F.TO is passively managed, while CMR.TO is actively managed. Over the past 10 years, QQC-F.TO returned 20.30%/yr vs 1.89%/yr for CMR.TO. At a correlation of -0.00, they often move in opposite directions. QQC-F.TO charges 0.20%/yr vs 0.14%/yr for CMR.TO.

Performance

QQC-F.TO vs. CMR.TO - 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 iShares Premium Money Market ETF (CMR.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQC-F.TO achieves a 19.79% return, which is significantly higher than CMR.TO's 0.97% return. Over the past 10 years, QQC-F.TO has outperformed CMR.TO with an annualized return of 20.30%, while CMR.TO has yielded a comparatively lower 1.89% annualized return.

QQC-F.TO

1D
-0.22%
1M
10.71%
YTD
19.79%
6M
17.83%
1Y
38.43%
3Y*
26.56%
5Y*
16.33%
10Y*
20.30%

CMR.TO

1D
0.00%
1M
0.19%
YTD
0.97%
6M
1.05%
1Y
2.37%
3Y*
3.73%
5Y*
2.94%
10Y*
1.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC-F.TO vs. CMR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		19.79%18.41%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%
CMR.TO
iShares Premium Money Market ETF		0.97%2.68%4.70%4.70%1.71%0.00%0.47%1.63%1.29%0.63%

Correlation

The correlation between QQC-F.TO and CMR.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.02

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

0.02

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

0.01

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

-0.00

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

-0.00

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Invesco NASDAQ 100 Index ETF CAD Hedged

iShares Premium Money Market ETF

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 CMR.TO:
CMR.TO vs. ZMMK.TOCMR.TO vs. CASH.TOCMR.TO vs. CBIL.TOCMR.TO vs. XFR.TOCMR.TO vs. MNY.TOCMR.TO vs. HSAV.TOCMR.TO vs. VOO

Return for Risk

QQC-F.TO vs. CMR.TO — 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: 6969
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
CMR.TO
CMR.TO Risk / Return Rank: 9999
Overall Rank
CMR.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CMR.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CMR.TO Omega Ratio Rank: 100100
Omega Ratio Rank
CMR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CMR.TO Martin Ratio Rank: 9999
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. CMR.TO - 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 iShares Premium Money Market ETF (CMR.TO). 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.TOCMR.TODifference
Sharpe ratioReturn per unit of total volatility
2.43
10.61

-8.17

Sortino ratioReturn per unit of downside risk
3.23
21.13

-17.89

Omega ratioGain probability vs. loss probability

1.42

9.57

-8.15

Calmar ratioReturn relative to maximum drawdown

2.93

25.44

-22.50

Martin ratioReturn relative to average drawdown

10.91

187.33

-176.42

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. CMR.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.43, which is lower than the CMR.TO Sharpe Ratio of 10.61. The chart below compares the historical Sharpe Ratios of QQC-F.TO and CMR.TO, 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.TOCMR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

10.61

-8.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

10.67

-9.94

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.91

7.02

-6.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

3.84

-2.92

Drawdowns

QQC-F.TO vs. CMR.TO - Drawdown Comparison

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than CMR.TO's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and CMR.TO.

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Drawdown Indicators

QQC-F.TOCMR.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-0.52%

-35.51%

Max Drawdown (1Y)

Largest decline over 1 year

-13.16%

-0.09%

-13.07%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-0.09%

-22.67%

Max Drawdown (5Y)

Largest decline over 5 years

-36.03%

-0.09%

-35.94%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-0.14%

-35.89%

Current Drawdown

Current decline from peak

-0.22%

-0.02%

-0.20%

Average Drawdown

Average peak-to-trough decline

-5.50%

-0.01%

-5.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.53%

0.01%

+3.52%

Volatility

QQC-F.TO vs. CMR.TO - Volatility Comparison

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 4.49% compared to iShares Premium Money Market ETF (CMR.TO) at 0.05%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than CMR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQC-F.TOCMR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

0.05%

+4.44%

Volatility (6M)

Calculated over the trailing 6-month period

12.08%

0.18%

+11.90%

Volatility (1Y)

Calculated over the trailing 1-year period

15.89%

0.22%

+15.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.45%

0.28%

+22.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.54%

0.27%

+22.27%

QQC-F.TO vs. CMR.TO - Expense Ratio Comparison

QQC-F.TO has a 0.20% expense ratio, which is higher than CMR.TO's 0.14% 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%.

Dividends

QQC-F.TO vs. CMR.TO - Dividend Comparison

QQC-F.TO has not paid dividends to shareholders, while CMR.TO's dividend yield for the trailing twelve months is around 2.48%.

PositionTTM20252024202320222021202020192018201720162015
CMR.TO
iShares Premium Money Market ETF		2.48%2.81%4.56%4.64%1.62%0.00%0.47%1.60%1.33%0.61%0.43%0.48%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.00%0.09%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%

Frequently Asked Questions

QQC-F.TO and CMR.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CMR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CMR.TO is cheaper with a 0.14% expense ratio, compared with 0.20% for QQC-F.TO.

QQC-F.TO is categorized as Nasdaq-100, while CMR.TO is Money Market. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQC-F.TO and 0.14% for CMR.TO.

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