QQC-F.TO vs. EQLI.TO

Last updated Jun 4, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EQLI.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, QQC-F.TO returned 38.43% vs 19.34% for EQLI.TO. At a 0.48 correlation, their price movements are largely independent. QQC-F.TO charges 0.20%/yr vs 0.29%/yr for EQLI.TO.

Performance

QQC-F.TO vs. EQLI.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 Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQC-F.TO achieves a 19.79% return, which is significantly higher than EQLI.TO's 9.23% 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%

EQLI.TO

• 1D: 0.05%
• 1M: 5.38%
• YTD: 9.23%
• 6M: 8.05%
• 1Y: 19.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.79%	18.41%	5.99%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	9.23%	6.40%	7.18%

Correlation

The correlation between QQC-F.TO and EQLI.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.48

QQC-F.TO vs. EQLI.TO - Sectors Allocation Comparison

Sectors	QQC-F.TO	EQLI.TO
Technology	53.8%	18.3%
Communication Services	15.8%	4.0%
Consumer Cyclical	12.3%	10.3%
Consumer Defensive	7.7%	6.5%
Healthcare	4.2%	10.9%
Industrials	2.8%	14.7%
Utilities	1.4%	6.1%
Basic Materials	1.1%	4.1%
Energy	0.6%	4.6%
Financial Services	0.2%	14.4%
Real Estate	0.1%	6.2%

Return for Risk

QQC-F.TO vs. EQLI.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: 66
QQC-F.TO Sharpe Ratio Rank: 73
QQC-F.TO Sortino Ratio Rank: 69
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

EQLI.TO

EQLI.TO Risk / Return Rank: 68
EQLI.TO Sharpe Ratio Rank: 65
EQLI.TO Sortino Ratio Rank: 68
EQLI.TO Omega Ratio Rank: 63
EQLI.TO Calmar Ratio Rank: 72
EQLI.TO Martin Ratio Rank: 74

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. EQLI.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 Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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.TO	EQLI.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.15	+0.29
Sortino ratio: Return per unit of downside risk	3.23	3.13	+0.10
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	2.93	3.56	-0.63
Martin ratio: Return relative to average drawdown	10.91	13.79	-2.88
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. EQLI.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.43, which is comparable to the EQLI.TO Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of QQC-F.TO and EQLI.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.

Sharpe Ratios by Period

	QQC-F.TO	EQLI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.15	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.09	-0.17

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than EQLI.TO's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and EQLI.TO.

Drawdown Indicators

	QQC-F.TO	EQLI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-15.57%	-20.46%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-5.45%	-7.71%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.50%	-2.45%	-3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	1.41%	+2.12%

Volatility

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

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 4.49% compared to Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) at 1.88%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than EQLI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	EQLI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	1.88%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	6.82%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	9.08%	+6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	12.11%	+10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	12.11%	+10.43%

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

QQC-F.TO has a 0.20% expense ratio, which is lower than EQLI.TO's 0.29% expense ratio.

Dividends

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

QQC-F.TO has not paid dividends to shareholders, while EQLI.TO's dividend yield for the trailing twelve months is around 8.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.29%	8.74%	3.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both QQC-F.TO and EQLI.TO in my portfolio?

QQC-F.TO and EQLI.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQC-F.TO or EQLI.TO?

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQC-F.TO or EQLI.TO?

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.29% for EQLI.TO.

What is the main difference between QQC-F.TO and EQLI.TO?

QQC-F.TO is categorized as Nasdaq-100, while EQLI.TO is S&P 500. QQC-F.TO tracks NASDAQ-100 Index, while EQLI.TO tracks S&P 500 Equal Weight Index. Their fees differ too: 0.20% for QQC-F.TO and 0.29% for EQLI.TO.