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

QQC-F.TO vs. QQQM

Last updated Aug 2, 2026
Documentation

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 12.65%/yr vs 17.04%/yr for QQQM. Their correlation of 0.91 means they have usually moved in the same direction. 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 10.64% return, which is significantly lower than QQQM's 14.89% return.

QQC-F.TO

1D
0.61%
1M
-4.79%
6M
9.50%
YTD
10.64%
1Y
22.13%
3Y*
20.30%
5Y*
12.65%
10Y*
18.84%
ALL TIME*
18.19%

QQQM

1D
0.51%
1M
-4.85%
6M
15.19%
YTD
14.89%
1Y
26.25%
3Y*
24.85%
5Y*
17.04%
10Y*
—
ALL TIME*
17.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QQC-F.TO

Invesco NASDAQ 100 Index ETF CAD Hedged
CA$2.23MCA$3.21MCA$4.40M

QQQM

Invesco NASDAQ 100 ETF
CA$1.35BCA$1.28BCA$1.66B

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

2026 (YTD)202520242023202220212020
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		10.64%18.79%24.19%52.81%-33.42%27.15%9.63%
QQQM
Invesco NASDAQ 100 ETF		14.89%15.33%36.33%51.32%-28.24%27.39%3.70%

Correlation

The correlation between QQC-F.TO and QQQM is 0.91, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.91

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.91

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.91

The correlation between QQC-F.TO and QQQM has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

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

Sectors
QQC-F.TO
QQQM

Technology

60.9%
60.9%

Communication Services

13.1%
13.1%

Consumer Cyclical

10.7%
10.7%

Consumer Defensive

6.3%
6.3%

Healthcare

3.6%
3.6%

Industrials

2.7%
2.7%

Utilities

1.1%
1.1%

Basic Materials

1.0%
1.0%

Energy

0.5%
0.5%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQC-F.TO
60.9%
QQQM
60.9%

Communication Services

QQC-F.TO
13.1%
QQQM
13.1%

Consumer Cyclical

QQC-F.TO
10.7%
QQQM
10.7%

Consumer Defensive

QQC-F.TO
6.3%
QQQM
6.3%

Healthcare

QQC-F.TO
3.6%
QQQM
3.6%

Industrials

QQC-F.TO
2.7%
QQQM
2.7%

Utilities

QQC-F.TO
1.1%
QQQM
1.1%

Basic Materials

QQC-F.TO
1.0%
QQQM
1.0%

Energy

QQC-F.TO
0.5%
QQQM
0.5%

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

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 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. TEC.TO
Often compared with QQQM:
QQQM vs. QQQQQQM vs. VOOQQQM vs. SCHGQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

QQC-F.TO vs. QQQM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QQC-F.TO
QQC-F.TO Risk / Return Rank: 4141
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 3939
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 4444
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 4949
Overall Rank
QQQM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQM Omega Ratio Rank: 4545
Omega Ratio Rank
QQQM Calmar Ratio Rank: 5454
Calmar Ratio Rank
QQQM Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.TOQQQMDifference
Sharpe ratioReturn per unit of total volatility
1.03
1.25

-0.22

Sortino ratioReturn per unit of downside risk
1.49
1.78

-0.29

Omega ratioGain probability vs. loss probability

1.18

1.22

-0.03

Calmar ratioReturn relative to maximum drawdown

1.52

1.98

-0.46

Martin ratioReturn relative to average drawdown

4.83

5.81

-0.98

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

The current QQC-F.TO Sharpe Ratio is 1.03, which is comparable to the QQQM Sharpe Ratio of 1.25. 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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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 -32.26%. 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%

-32.26%

-3.77%

Max Drawdown (1Y)

Largest decline over 1 year

-12.98%

-12.21%

-0.77%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-22.57%

-0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-36.03%

-32.26%

-3.77%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

—

—

Current Drawdown

Current decline from peak

-7.93%

-7.85%

-0.08%

Average Drawdown

Average peak-to-trough decline

-5.48%

-7.49%

+2.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.09%

4.16%

-0.07%

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 6.42% and 6.63%, 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

6.42%

6.63%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

15.83%

16.13%

-0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

19.19%

19.38%

-0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.92%

23.51%

-0.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.73%

23.26%

-0.53%

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's dividend yield for the trailing twelve months is around 0.35%, less than QQQM's 0.46% yield.

PositionTTM20252024202320222021202020192018201720162015
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.35%0.39%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		0.46%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

With a correlation of 0.91, QQC-F.TO and QQQM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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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