QQC-F.TO vs. SPMO

Last updated Jun 4, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, QQC-F.TO returned 20.30%/yr vs 21.72%/yr for SPMO. A 0.61 correlation means they provide meaningful diversification when combined. QQC-F.TO charges 0.20%/yr vs 0.13%/yr for SPMO.

Performance

QQC-F.TO vs. SPMO - 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 S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQC-F.TO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO 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 19.79% return, which is significantly lower than SPMO's 30.82% return. Over the past 10 years, QQC-F.TO has underperformed SPMO with an annualized return of 20.30%, while SPMO has yielded a comparatively higher 21.72% annualized 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%

SPMO

• 1D: 0.00%
• 1M: 16.60%
• YTD: 30.82%
• 6M: 28.84%
• 1Y: 46.55%
• 3Y*: 44.27%
• 5Y*: 27.61%
• 10Y*: 21.72%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.79%	18.41%	24.19%	52.81%	-33.42%	27.15%	45.04%	37.63%	-2.23%	31.94%
SPMO Invesco S&P 500 Momentum ETF	32.01%	20.78%	58.34%	14.97%	-4.07%	21.54%	26.09%	19.74%	7.49%	19.63%

Correlation

The correlation between QQC-F.TO and SPMO is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015	0.61

The correlation between QQC-F.TO and SPMO shifts across timeframes, from 0.61 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.

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

Sectors	QQC-F.TO	SPMO
Technology	53.8%	52.6%
Communication Services	15.8%	9.2%
Consumer Cyclical	12.3%	1.3%
Consumer Defensive	7.7%	4.3%
Healthcare	4.2%	6.7%
Industrials	2.8%	11.3%
Utilities	1.4%	2.8%
Basic Materials	1.1%	1.6%
Energy	0.6%	3.4%
Financial Services	0.2%	5.9%
Real Estate	0.1%	1.0%

Return for Risk

QQC-F.TO vs. SPMO — 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

SPMO

SPMO Risk / Return Rank: 75
SPMO Sharpe Ratio Rank: 79
SPMO Sortino Ratio Rank: 77
SPMO Omega Ratio Rank: 77
SPMO Calmar Ratio Rank: 71
SPMO Martin Ratio Rank: 73

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. SPMO - 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 S&P 500 Momentum ETF (SPMO). 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	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.72	-0.28
Sortino ratio: Return per unit of downside risk	3.23	3.67	-0.44
Omega ratio: Gain probability vs. loss probability	1.42	1.49	-0.07
Calmar ratio: Return relative to maximum drawdown	2.93	3.65	-0.71
Martin ratio: Return relative to average drawdown	10.91	12.23	-1.32
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. SPMO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.43, which is comparable to the SPMO Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of QQC-F.TO and SPMO, 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	SPMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.72	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.57	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	1.14	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.10	-0.18

Drawdowns

QQC-F.TO vs. SPMO - Drawdown Comparison

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than SPMO's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and SPMO.

Drawdown Indicators

	QQC-F.TO	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-25.58%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-12.82%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-20.26%	-2.50%
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	-20.69%	-15.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	-25.58%	-10.45%
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.50%	-4.14%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.82%	-0.29%

Volatility

QQC-F.TO vs. SPMO - Volatility Comparison

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) is 4.49%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.29%. This indicates that QQC-F.TO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	7.29%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	13.95%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	17.23%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	17.71%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	19.10%	+3.44%

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

QQC-F.TO has a 0.20% expense ratio, which is higher than SPMO's 0.13% 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. SPMO - Dividend Comparison

QQC-F.TO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.65%.

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%
SPMO Invesco S&P 500 Momentum ETF	0.65%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Frequently Asked Questions

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

QQC-F.TO and SPMO have a correlation of 0.72, 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 SPMO?

On fees, SPMO is cheaper at 0.13% 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 SPMO?

SPMO is cheaper with a 0.13% expense ratio, compared with 0.20% for QQC-F.TO.

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

QQC-F.TO is categorized as Nasdaq-100, while SPMO is Momentum. QQC-F.TO tracks NASDAQ-100 Index, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.20% for QQC-F.TO and 0.13% for SPMO.