QQC-F.TO vs. QQQ
Compare and contrast key facts about Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and Invesco QQQ (QQQ).
QQC-F.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQC-F.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQC-F.TO and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQC-F.TO or QQQ.
Correlation
The correlation between QQC-F.TO and QQQ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQC-F.TO vs. QQQ - Performance Comparison
Key characteristics
QQC-F.TO:
0.38
QQQ:
0.47
QQC-F.TO:
0.71
QQQ:
0.82
QQC-F.TO:
1.10
QQQ:
1.11
QQC-F.TO:
0.41
QQQ:
0.52
QQC-F.TO:
1.39
QQQ:
1.79
QQC-F.TO:
6.79%
QQQ:
6.64%
QQC-F.TO:
24.98%
QQQ:
25.28%
QQC-F.TO:
-36.02%
QQQ:
-82.98%
QQC-F.TO:
-12.88%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, QQC-F.TO achieves a -8.01% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, QQC-F.TO has underperformed QQQ with an annualized return of 15.39%, while QQQ has yielded a comparatively higher 16.91% annualized return.
QQC-F.TO
-8.01%
0.43%
-5.33%
8.26%
16.84%
15.39%
QQQ
-7.43%
0.77%
-4.30%
10.31%
18.26%
16.91%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQC-F.TO vs. QQQ - Expense Ratio Comparison
Both QQC-F.TO and QQQ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQC-F.TO vs. QQQ — Risk-Adjusted Performance Rank
QQC-F.TO
QQQ
QQC-F.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and Invesco QQQ (QQQ). 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.
Dividends
QQC-F.TO vs. QQQ - Dividend Comparison
QQC-F.TO's dividend yield for the trailing twelve months is around 0.13%, less than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.13% | 0.24% | 0.57% | 0.89% | 0.66% | 0.49% | 0.64% | 0.77% | 0.66% | 0.81% | 0.76% | 1.03% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QQC-F.TO vs. QQQ - Drawdown Comparison
The maximum QQC-F.TO drawdown since its inception was -36.02%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQC-F.TO vs. QQQ - Volatility Comparison
Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and Invesco QQQ (QQQ) have volatilities of 17.41% and 16.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.