QQC-F.TO vs. PXS.TO

Last updated Jun 26, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and PXS.TO (Invesco RAFI U.S. Index ETF II CAD) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while PXS.TO is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index. Both are passively managed. Over the past 10 years, QQC-F.TO returned 20.71%/yr vs 14.58%/yr for PXS.TO. At a 0.31 correlation, their price movements are largely independent. QQC-F.TO charges 0.20%/yr vs 0.46%/yr for PXS.TO.

Performance

QQC-F.TO vs. PXS.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 U.S. Index ETF II CAD (PXS.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 15.07% return, which is significantly lower than PXS.TO's 18.28% return. Over the past 10 years, QQC-F.TO has outperformed PXS.TO with an annualized return of 20.71%, while PXS.TO has yielded a comparatively lower 14.58% 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%

PXS.TO

• 1D: -0.05%
• 1M: 2.93%
• YTD: 18.28%
• 6M: 18.60%
• 1Y: 34.52%
• 3Y*: 23.80%
• 5Y*: 16.09%
• 10Y*: 14.58%

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

QQC-F.TO vs. PXS.TO - 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%
PXS.TO Invesco RAFI U.S. Index ETF II CAD	18.28%	13.64%	26.23%	12.41%	-2.47%	32.84%	4.71%	21.47%	-1.23%	8.36%

Correlation

The correlation between QQC-F.TO and PXS.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Apr 20, 2015	0.31

The correlation between QQC-F.TO and PXS.TO shifts across timeframes, from 0.19 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	QQC-F.TO	PXS.TO
Technology	59.6%	24.6%
Communication Services	14.0%	9.7%
Consumer Cyclical	11.1%	8.8%
Consumer Defensive	6.3%	5.8%
Healthcare	3.6%	11.5%
Industrials	2.6%	8.8%
Utilities	1.1%	2.8%
Basic Materials	1.0%	3.3%
Energy	0.5%	7.7%
Financial Services	0.2%	14.7%
Real Estate	0.1%	2.4%

Return for Risk

QQC-F.TO vs. PXS.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: 56
QQC-F.TO Sharpe Ratio Rank: 59
QQC-F.TO Sortino Ratio Rank: 55
QQC-F.TO Omega Ratio Rank: 56
QQC-F.TO Calmar Ratio Rank: 54
QQC-F.TO Martin Ratio Rank: 55

PXS.TO

PXS.TO Risk / Return Rank: 95
PXS.TO Sharpe Ratio Rank: 95
PXS.TO Sortino Ratio Rank: 96
PXS.TO Omega Ratio Rank: 95
PXS.TO Calmar Ratio Rank: 96
PXS.TO Martin Ratio Rank: 95

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. PXS.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 U.S. Index ETF II CAD (PXS.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.TO	PXS.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	3.24	-1.53
Sortino ratio: Return per unit of downside risk	2.30	4.78	-2.48
Omega ratio: Gain probability vs. loss probability	1.30	1.63	-0.33
Calmar ratio: Return relative to maximum drawdown	2.32	7.34	-5.01
Martin ratio: Return relative to average drawdown	8.34	26.12	-17.78

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

The current QQC-F.TO Sharpe Ratio is 1.71, which is lower than the PXS.TO Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of QQC-F.TO and PXS.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.

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than PXS.TO's maximum drawdown of -31.87%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and PXS.TO.

Drawdown Indicators

	QQC-F.TO	PXS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-31.87%	-4.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-4.88%	-8.10%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-16.36%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	-16.36%	-19.67%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	-31.87%	-4.16%
Current Drawdown Current decline from peak	-4.25%	-0.12%	-4.13%
Average Drawdown Average peak-to-trough decline	-5.48%	-3.35%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	1.37%	+2.24%

Volatility

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

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

Volatility by Period

	QQC-F.TO	PXS.TO	Difference
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%	8.35%	+5.91%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	11.07%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	13.29%	+9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.64%	15.28%	+7.36%

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

QQC-F.TO has a 0.20% expense ratio, which is lower than PXS.TO's 0.46% expense ratio.

Dividends

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

QQC-F.TO's dividend yield for the trailing twelve months is around 0.34%, less than PXS.TO's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXS.TO Invesco RAFI U.S. Index ETF II CAD	1.22%	1.49%	1.53%	1.53%	1.80%	1.51%	2.51%	1.91%	1.84%	1.50%	1.62%	1.40%
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

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

QQC-F.TO and PXS.TO have a correlation of 0.19, 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 PXS.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 PXS.TO?

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.46% for PXS.TO.

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

QQC-F.TO is categorized as Nasdaq-100, while PXS.TO is Large Cap Value Equities. QQC-F.TO tracks NASDAQ-100 Index, while PXS.TO tracks RAFI Fundamental Select US 1000 Index. Their fees differ too: 0.20% for QQC-F.TO and 0.46% for PXS.TO.