PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQC-F.TO vs. PXC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQC-F.TO vs. PXC.TO

Last updated Jun 26, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and PXC.TO (Invesco RAFI Canadian Index ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while PXC.TO is a Canada Equities fund tracking the RAFI Canada Index. Both are passively managed. Over the past 10 years, QQC-F.TO returned 20.71%/yr vs 13.50%/yr for PXC.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

QQC-F.TO vs. PXC.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 RAFI Canadian Index ETF (PXC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQC-F.TO achieves a 15.07% return, which is significantly lower than PXC.TO's 18.00% return. Over the past 10 years, QQC-F.TO has outperformed PXC.TO with an annualized return of 20.71%, while PXC.TO has yielded a comparatively lower 13.50% 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%

PXC.TO

1D
0.11%
1M
0.85%
YTD
18.00%
6M
13.67%
1Y
38.50%
3Y*
25.95%
5Y*
16.92%
10Y*
13.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
PXC.TO
Invesco RAFI Canadian Index ETF		18.00%26.50%19.57%9.28%1.37%34.11%-1.11%19.11%-9.11%7.15%

Correlation

The correlation between QQC-F.TO and PXC.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.36

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

0.41

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

0.39

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2012

0.36

The correlation between QQC-F.TO and PXC.TO shifts across timeframes, from 0.27 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
QQC-F.TO
PXC.TO

Technology

59.6%
2.2%

Communication Services

14.0%
2.7%

Consumer Cyclical

11.1%
6.6%

Consumer Defensive

6.3%
2.9%

Healthcare

3.6%
0.2%

Industrials

2.6%
7.2%

Utilities

1.1%
3.1%

Basic Materials

1.0%
13.0%

Energy

0.5%
26.6%

Financial Services

0.2%
34.7%

Real Estate

0.1%
0.8%

Technology

QQC-F.TO
59.6%
PXC.TO
2.2%

Communication Services

QQC-F.TO
14.0%
PXC.TO
2.7%

Consumer Cyclical

QQC-F.TO
11.1%
PXC.TO
6.6%

Consumer Defensive

QQC-F.TO
6.3%
PXC.TO
2.9%

Healthcare

QQC-F.TO
3.6%
PXC.TO
0.2%

Industrials

QQC-F.TO
2.6%
PXC.TO
7.2%

Utilities

QQC-F.TO
1.1%
PXC.TO
3.1%

Basic Materials

QQC-F.TO
1.0%
PXC.TO
13.0%

Energy

QQC-F.TO
0.5%
PXC.TO
26.6%

Financial Services

QQC-F.TO
0.2%
PXC.TO
34.7%

Real Estate

QQC-F.TO
0.1%
PXC.TO
0.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco NASDAQ 100 Index ETF CAD Hedged

Invesco RAFI Canadian Index 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 PXC.TO:
PXC.TO vs. PXS.TOPXC.TO vs. INOC.TOPXC.TO vs. XCV.TOPXC.TO vs. EQL.TOPXC.TO vs. ESGC.TOPXC.TO vs. QQCE.TOPXC.TO vs. HXCN.TO

Return for Risk

QQC-F.TO vs. PXC.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: 5656
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 5656
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 5555
Martin Ratio Rank
PXC.TO
PXC.TO Risk / Return Rank: 9696
Overall Rank
PXC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PXC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
PXC.TO Omega Ratio Rank: 9696
Omega Ratio Rank
PXC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PXC.TO Martin Ratio Rank: 9696
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. PXC.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 RAFI Canadian Index ETF (PXC.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.

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.TOPXC.TODifference
Sharpe ratioReturn per unit of total volatility
1.71
3.66

-1.96

Sortino ratioReturn per unit of downside risk
2.30
4.78

-2.48

Omega ratioGain probability vs. loss probability

1.30

1.72

-0.42

Calmar ratioReturn relative to maximum drawdown

2.32

8.17

-5.85

Martin ratioReturn relative to average drawdown

8.34

32.56

-24.22

QQC-F.TO vs. PXC.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 1.71, which is lower than the PXC.TO Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of QQC-F.TO and PXC.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.

Loading charts...

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, smaller than the maximum PXC.TO drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and PXC.TO.

Loading charts...

Drawdown Indicators

QQC-F.TOPXC.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-41.78%

+5.75%

Max Drawdown (1Y)

Largest decline over 1 year

-12.98%

-4.64%

-8.34%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-10.99%

-11.77%

Max Drawdown (5Y)

Largest decline over 5 years

-36.03%

-15.75%

-20.28%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-41.78%

+5.75%

Current Drawdown

Current decline from peak

-4.25%

-0.55%

-3.70%

Average Drawdown

Average peak-to-trough decline

-5.48%

-5.05%

-0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.61%

1.16%

+2.45%

Volatility

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

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 8.59% compared to Invesco RAFI Canadian Index ETF (PXC.TO) at 3.07%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than PXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QQC-F.TOPXC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.59%

3.07%

+5.52%

Volatility (6M)

Calculated over the trailing 6-month period

14.26%

8.53%

+5.73%

Volatility (1Y)

Calculated over the trailing 1-year period

17.66%

10.37%

+7.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.72%

13.26%

+9.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.64%

16.40%

+6.24%

Dividends

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

QQC-F.TO's dividend yield for the trailing twelve months is around 0.34%, less than PXC.TO's 2.25% yield.

PositionTTM20252024202320222021202020192018201720162015
PXC.TO
Invesco RAFI Canadian Index ETF		2.25%2.65%3.17%3.48%3.42%2.58%3.10%2.92%2.86%2.23%2.57%3.13%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.34%0.39%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 PXC.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQC-F.TO is categorized as Nasdaq-100, while PXC.TO is Canada Equities. QQC-F.TO tracks NASDAQ-100 Index, while PXC.TO tracks RAFI Canada Index.

Portfolio Optimizer

Find the right allocation for QQC-F.TO and PXC.TO

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