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QQC-F.TO vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQC-F.TO vs. QQQM

Last updated Jun 3, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds from Invesco tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, QQC-F.TO returned 16.78%/yr vs 21.64%/yr for QQQM. Their correlation of 0.89 suggests significant overlap in exposure. QQC-F.TO charges 0.20%/yr vs 0.15%/yr for QQQM.

Performance

QQC-F.TO vs. QQQM - 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 NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQC-F.TO is traded in CAD, while QQQM is traded in USD. To make them comparable, the QQQM 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 20.05% return, which is significantly lower than QQQM's 22.17% return.

QQC-F.TO

1D
0.31%
1M
10.75%
YTD
20.05%
6M
18.47%
1Y
39.82%
3Y*
26.65%
5Y*
16.78%
10Y*
20.33%

QQQM

1D
0.00%
1M
12.29%
YTD
22.17%
6M
18.70%
1Y
44.09%
3Y*
30.12%
5Y*
21.64%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		20.05%18.41%24.19%52.81%-33.42%27.15%6.36%
QQQM
Invesco NASDAQ 100 ETF		22.69%15.31%36.48%51.60%-27.71%26.30%3.58%

Correlation

The correlation between QQC-F.TO and QQQM is 0.86, 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

0.86

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

0.89

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

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 14, 2020

0.89

The correlation between QQC-F.TO and QQQM has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

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

Sectors
QQC-F.TO
QQQM

Technology

53.8%
53.8%

Communication Services

15.8%
15.8%

Consumer Cyclical

12.3%
12.3%

Consumer Defensive

7.7%
7.7%

Healthcare

4.2%
4.2%

Industrials

2.8%
2.8%

Utilities

1.4%
1.4%

Basic Materials

1.1%
1.1%

Energy

0.6%
0.6%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQC-F.TO
53.8%
QQQM
53.8%

Communication Services

QQC-F.TO
15.8%
QQQM
15.8%

Consumer Cyclical

QQC-F.TO
12.3%
QQQM
12.3%

Consumer Defensive

QQC-F.TO
7.7%
QQQM
7.7%

Healthcare

QQC-F.TO
4.2%
QQQM
4.2%

Industrials

QQC-F.TO
2.8%
QQQM
2.8%

Utilities

QQC-F.TO
1.4%
QQQM
1.4%

Basic Materials

QQC-F.TO
1.1%
QQQM
1.1%

Energy

QQC-F.TO
0.6%
QQQM
0.6%

Financial Services

QQC-F.TO
0.2%
QQQM
0.2%

Real Estate

QQC-F.TO
0.1%
QQQM
0.1%

Compare stocks, funds, or ETFs

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Invesco NASDAQ 100 Index ETF CAD Hedged

Invesco NASDAQ 100 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. XQQ.TOQQC-F.TO vs. VFV.TOQQC-F.TO vs. MON100.NS
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. JEPQQQQM vs. FTEC

Return for Risk

QQC-F.TO vs. QQQM — 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: 6969
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 7171
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 6464
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 7777
Overall Rank
QQQM Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 7878
Sortino Ratio Rank
QQQM Omega Ratio Rank: 7878
Omega Ratio Rank
QQQM Calmar Ratio Rank: 7373
Calmar Ratio Rank
QQQM Martin Ratio Rank: 7474
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. QQQM - 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 NASDAQ 100 ETF (QQQM). 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.TOQQQMDifference

Sharpe ratio

Return per unit of total volatility

2.52

2.84

-0.32

Sortino ratio

Return per unit of downside risk

3.33

3.68

-0.35

Omega ratio

Gain probability vs. loss probability

1.43

1.50

-0.07

Calmar ratio

Return relative to maximum drawdown

3.12

3.67

-0.55

Martin ratio

Return relative to average drawdown

11.63

11.72

-0.09

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. QQQM - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.52, which is comparable to the QQQM Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of QQC-F.TO and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QQC-F.TOQQQMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.52

2.84

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

1.06

-0.31

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

0.97

-0.04

Drawdowns

QQC-F.TO vs. QQQM - Drawdown Comparison

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than QQQM's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and QQQM.

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Drawdown Indicators

QQC-F.TOQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-31.71%

-4.32%

Max Drawdown (1Y)

Largest decline over 1 year

-13.16%

-12.27%

-0.89%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-22.52%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-36.03%

-31.71%

-4.32%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.50%

-7.59%

+2.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.53%

3.84%

-0.31%

Volatility

QQC-F.TO vs. QQQM - Volatility Comparison

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.48% and 4.37%, 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.

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Volatility by Period

QQC-F.TOQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.48%

4.37%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

12.09%

11.76%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

15.90%

15.59%

+0.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.46%

20.57%

+1.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.55%

20.49%

+2.06%

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

QQC-F.TO has a 0.20% expense ratio, which is higher than QQQM'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. QQQM - Dividend Comparison

QQC-F.TO has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.41%.

PositionTTM20252024202320222021202020192018201720162015
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%
QQQM
Invesco NASDAQ 100 ETF		0.41%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQC-F.TO and QQQM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

Both ETFs track NASDAQ-100 Index. Their fees differ too: 0.20% for QQC-F.TO and 0.15% for QQQM.

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