QQC-F.TO vs. QQQX.TO

Last updated Jun 5, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and QQQX.TO (Global X Nasdaq-100 Index ETF) are both Nasdaq-100 funds - QQC-F.TO tracks the NASDAQ-100 Index while QQQX.TO tracks the Nasdaq-100 Index. Both are passively managed. Over the past year, QQC-F.TO returned 37.09% vs 43.14% for QQQX.TO. Their correlation of 0.89 suggests significant overlap in exposure. QQC-F.TO charges 0.20%/yr vs 0.15%/yr for QQQX.TO.

Performance

QQC-F.TO vs. QQQX.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 Global X Nasdaq-100 Index ETF (QQQX.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 19.18% return, which is significantly lower than QQQX.TO's 22.62% return.

QQC-F.TO

• 1D: -0.50%
• 1M: 8.60%
• YTD: 19.18%
• 6M: 17.61%
• 1Y: 37.09%
• 3Y*: 26.30%
• 5Y*: 16.21%
• 10Y*: 20.19%

QQQX.TO

• 1D: -0.24%
• 1M: 11.24%
• YTD: 22.62%
• 6M: 19.00%
• 1Y: 43.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.18%	18.41%	12.80%
QQQX.TO Global X Nasdaq-100 Index ETF	22.62%	14.55%	20.80%

Correlation

The correlation between QQC-F.TO and QQQX.TO is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since May 21, 2024	0.89

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

Return for Risk

QQC-F.TO vs. QQQX.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: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

QQQX.TO

QQQX.TO Risk / Return Rank: 77
QQQX.TO Sharpe Ratio Rank: 84
QQQX.TO Sortino Ratio Rank: 82
QQQX.TO Omega Ratio Rank: 81
QQQX.TO Calmar Ratio Rank: 72
QQQX.TO Martin Ratio Rank: 64

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. QQQX.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 Global X Nasdaq-100 Index ETF (QQQX.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	QQQX.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.71	-0.36
Sortino ratio: Return per unit of downside risk	3.14	3.59	-0.46
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.07
Calmar ratio: Return relative to maximum drawdown	2.83	3.56	-0.73
Martin ratio: Return relative to average drawdown	10.53	11.44	-0.91
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. QQQX.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.35, which is comparable to the QQQX.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of QQC-F.TO and QQQX.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	QQQX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.71	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.43	-0.51

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than QQQX.TO's maximum drawdown of -22.62%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and QQQX.TO.

Drawdown Indicators

	QQC-F.TO	QQQX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-22.62%	-13.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-12.18%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	—	—
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	-0.73%	-0.24%	-0.49%
Average Drawdown Average peak-to-trough decline	-5.50%	-3.95%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.78%	-0.25%

Volatility

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

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) is 4.48%, while Global X Nasdaq-100 Index ETF (QQQX.TO) has a volatility of 4.72%. This indicates that QQC-F.TO experiences smaller price fluctuations and is considered to be less risky than QQQX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	QQQX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.72%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	11.94%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	16.01%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	20.72%	+1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	20.72%	+1.82%

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

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

QQC-F.TO has not paid dividends to shareholders, while QQQX.TO's dividend yield for the trailing twelve months is around 0.29%.

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%
QQQX.TO Global X Nasdaq-100 Index ETF	0.29%	0.35%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

QQC-F.TO and QQQX.TO have a correlation of 0.89, 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 QQQX.TO?

On fees, QQQX.TO is cheaper at 0.15% 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 QQQX.TO?

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

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

QQC-F.TO tracks NASDAQ-100 Index, while QQQX.TO tracks Nasdaq-100 Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.20% for QQC-F.TO and 0.15% for QQQX.TO.