QQC-F.TO vs. HISU-U.TO

Last updated Jun 5, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while HISU-U.TO is a Money Market fund actively managed by Evolve. QQC-F.TO is passively managed, while HISU-U.TO is actively managed. Over the past 3 years, QQC-F.TO returned 26.30%/yr vs 4.56%/yr for HISU-U.TO. At a correlation of -0.33, they often move in opposite directions. QQC-F.TO charges 0.20%/yr vs 0.15%/yr for HISU-U.TO.

Performance

QQC-F.TO vs. HISU-U.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 Evolve US High Interest Savings Account Fund (HISU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQC-F.TO is traded in CAD, while HISU-U.TO is traded in USD. To make them comparable, the HISU-U.TO 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 higher than HISU-U.TO's 2.44% 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%

HISU-U.TO

• 1D: 0.11%
• 1M: 2.34%
• YTD: 2.44%
• 6M: 0.91%
• 1Y: 4.50%
• 3Y*: 4.56%
• 5Y*: —
• 10Y*: —

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

QQC-F.TO vs. HISU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.18%	18.41%	24.19%	52.81%	-11.76%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.44%	-1.75%	12.72%	1.60%	4.39%

Correlation

The correlation between QQC-F.TO and HISU-U.TO is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (3Y) Calculated over the trailing 3-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	-0.33

Return for Risk

QQC-F.TO vs. HISU-U.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: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

HISU-U.TO

HISU-U.TO Risk / Return Rank: 99
HISU-U.TO Sharpe Ratio Rank: 99
HISU-U.TO Sortino Ratio Rank: 99
HISU-U.TO Omega Ratio Rank: 99
HISU-U.TO Calmar Ratio Rank: 99
HISU-U.TO Martin Ratio Rank: 99

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. HISU-U.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 Evolve US High Interest Savings Account Fund (HISU-U.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	HISU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.35	0.99	+1.36
Sortino ratio: Return per unit of downside risk	3.14	1.37	+1.76
Omega ratio: Gain probability vs. loss probability	1.40	1.18	+0.23
Calmar ratio: Return relative to maximum drawdown	2.83	1.13	+1.70
Martin ratio: Return relative to average drawdown	10.53	2.94	+7.59
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. HISU-U.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.35, which is higher than the HISU-U.TO Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of QQC-F.TO and HISU-U.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	HISU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	0.99	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.85	+0.07

Drawdowns

QQC-F.TO vs. HISU-U.TO - Drawdown Comparison

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than HISU-U.TO's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and HISU-U.TO.

Drawdown Indicators

	QQC-F.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-5.49%	-30.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-4.01%	-9.15%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-5.49%	-17.27%
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	-0.73%	-0.58%	-0.15%
Average Drawdown Average peak-to-trough decline	-5.50%	-1.78%	-3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	1.54%	+1.99%

Volatility

QQC-F.TO vs. HISU-U.TO - Volatility Comparison

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 4.48% compared to Evolve US High Interest Savings Account Fund (HISU-U.TO) at 0.86%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than HISU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	0.86%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	3.45%	+8.63%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	4.59%	+11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	5.94%	+16.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	5.94%	+16.60%

QQC-F.TO vs. HISU-U.TO - Expense Ratio Comparison

QQC-F.TO has a 0.20% expense ratio, which is higher than HISU-U.TO's 0.15% 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. HISU-U.TO - Dividend Comparison

QQC-F.TO has not paid dividends to shareholders, while HISU-U.TO's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HISU-U.TO Evolve US High Interest Savings Account Fund	2.74%	2.93%	3.70%	3.85%	0.90%	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 HISU-U.TO in my portfolio?

QQC-F.TO and HISU-U.TO have a correlation of -0.25, 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 HISU-U.TO?

On fees, HISU-U.TO is cheaper at 0.15% 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 HISU-U.TO?

HISU-U.TO is cheaper with a 0.15% expense ratio, compared with 0.20% for QQC-F.TO.

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

QQC-F.TO is categorized as Nasdaq-100, while HISU-U.TO is Money Market. They also come from different issuers: Invesco and Evolve. Their fees differ too: 0.20% for QQC-F.TO and 0.15% for HISU-U.TO.