QQC-F.TO vs. QQCE.TO

Last updated Jun 4, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and QQCE.TO (Invesco ESG NASDAQ 100 Index ETF) are both Nasdaq-100 funds from Invesco - QQC-F.TO tracks the NASDAQ-100 Index while QQCE.TO tracks the NASDAQ-100 ESG Index. Both are passively managed. Over the past 3 years, QQC-F.TO returned 26.56%/yr vs 30.82%/yr for QQCE.TO. A 0.56 correlation means they provide meaningful diversification when combined. QQC-F.TO charges 0.20%/yr vs 0.21%/yr for QQCE.TO.

Performance

QQC-F.TO vs. QQCE.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 ESG NASDAQ 100 Index ETF (QQCE.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 lower than QQCE.TO's 23.30% 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%

QQCE.TO

• 1D: 0.16%
• 1M: 14.10%
• YTD: 23.30%
• 6M: 19.99%
• 1Y: 45.87%
• 3Y*: 30.82%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.79%	18.41%	24.19%	52.81%	-33.42%	2.75%
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	23.30%	16.43%	36.67%	44.13%	-25.37%	5.14%

Correlation

The correlation between QQC-F.TO and QQCE.TO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021	0.56

Over the past year, QQC-F.TO and QQCE.TO have become more correlated (0.87) than their long-term average of 0.56, meaning their price movements have been converging.

Return for Risk

QQC-F.TO vs. QQCE.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

QQCE.TO

QQCE.TO Risk / Return Rank: 76
QQCE.TO Sharpe Ratio Rank: 85
QQCE.TO Sortino Ratio Rank: 81
QQCE.TO Omega Ratio Rank: 82
QQCE.TO Calmar Ratio Rank: 71
QQCE.TO Martin Ratio Rank: 61

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. QQCE.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 ESG NASDAQ 100 Index ETF (QQCE.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	QQCE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.80	-0.37
Sortino ratio: Return per unit of downside risk	3.23	3.60	-0.37
Omega ratio: Gain probability vs. loss probability	1.42	1.50	-0.08
Calmar ratio: Return relative to maximum drawdown	2.93	3.50	-0.57
Martin ratio: Return relative to average drawdown	10.91	10.72	+0.19
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. QQCE.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.43, which is comparable to the QQCE.TO Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of QQC-F.TO and QQCE.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	QQCE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.80	-0.37
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	0.92	0.00

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than QQCE.TO's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and QQCE.TO.

Drawdown Indicators

	QQC-F.TO	QQCE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-30.86%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-13.16%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-23.05%	+0.29%
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%	-8.70%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	4.29%	-0.76%

Volatility

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

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) is 4.49%, while Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) has a volatility of 4.78%. This indicates that QQC-F.TO experiences smaller price fluctuations and is considered to be less risky than QQCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	QQCE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	4.78%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	12.65%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	16.47%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	20.71%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	20.71%	+1.83%

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

QQC-F.TO has a 0.20% expense ratio, which is lower than QQCE.TO's 0.21% expense ratio. Despite the difference, 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. QQCE.TO - Dividend Comparison

QQC-F.TO has not paid dividends to shareholders, while QQCE.TO's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	0.26%	0.32%	0.38%	0.44%	0.79%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

QQC-F.TO and QQCE.TO have a correlation of 0.87, 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 QQCE.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 QQCE.TO?

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.21% for QQCE.TO.

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

QQC-F.TO tracks NASDAQ-100 Index, while QQCE.TO tracks NASDAQ-100 ESG Index. Their fees differ too: 0.20% for QQC-F.TO and 0.21% for QQCE.TO.