QQC-F.TO vs. VFV.TO

Last updated Jun 4, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, QQC-F.TO returned 20.30%/yr vs 16.04%/yr for VFV.TO. A 0.74 correlation means they provide meaningful diversification when combined. QQC-F.TO charges 0.20%/yr vs 0.09%/yr for VFV.TO.

Performance

QQC-F.TO vs. VFV.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 Vanguard S&P 500 Index ETF (VFV.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 19.79% return, which is significantly higher than VFV.TO's 12.30% return. Over the past 10 years, QQC-F.TO has outperformed VFV.TO with an annualized return of 20.30%, while VFV.TO has yielded a comparatively lower 16.04% 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%

VFV.TO

• 1D: -0.18%
• 1M: 7.30%
• YTD: 12.30%
• 6M: 10.47%
• 1Y: 29.48%
• 3Y*: 23.57%
• 5Y*: 16.84%
• 10Y*: 16.04%

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

QQC-F.TO vs. VFV.TO - 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%
VFV.TO Vanguard S&P 500 Index ETF	12.30%	12.18%	35.23%	23.23%	-12.58%	27.51%	15.62%	25.14%	2.94%	13.67%

Correlation

The correlation between QQC-F.TO and VFV.TO is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.74

The correlation between QQC-F.TO and VFV.TO shifts across timeframes, from 0.74 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	QQC-F.TO	VFV.TO
Technology	53.8%	35.7%
Communication Services	15.8%	11.3%
Consumer Cyclical	12.3%	10.2%
Consumer Defensive	7.7%	4.9%
Healthcare	4.2%	8.5%
Industrials	2.8%	8.3%
Utilities	1.4%	2.4%
Basic Materials	1.1%	1.8%
Energy	0.6%	3.5%
Financial Services	0.2%	11.6%
Real Estate	0.1%	1.9%

Return for Risk

QQC-F.TO vs. VFV.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: 69
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

VFV.TO

VFV.TO Risk / Return Rank: 74
VFV.TO Sharpe Ratio Rank: 78
VFV.TO Sortino Ratio Rank: 77
VFV.TO Omega Ratio Rank: 78
VFV.TO Calmar Ratio Rank: 68
VFV.TO Martin Ratio Rank: 69

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. VFV.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 Vanguard S&P 500 Index ETF (VFV.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	VFV.TO	Difference
Sharpe ratio Return per unit of total volatility	2.43	2.59	-0.16
Sortino ratio Return per unit of downside risk	3.23	3.53	-0.30
Omega ratio Gain probability vs. loss probability	1.42	1.48	-0.06
Calmar ratio Return relative to maximum drawdown	2.93	3.44	-0.50
Martin ratio Return relative to average drawdown	10.91	13.10	-2.19
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. VFV.TO - Sharpe Ratio Comparison

The current QQC-F.TO Sharpe Ratio is 2.43, which is comparable to the VFV.TO Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of QQC-F.TO and VFV.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	VFV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.59	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.14	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.97	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.14	-0.22

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and VFV.TO.

Drawdown Indicators

	QQC-F.TO	VFV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-27.43%	-8.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-8.62%	-4.54%
Max Drawdown (3Y) Largest decline over 3 years	-22.76%	-19.05%	-3.71%
Max Drawdown (5Y) Largest decline over 5 years	-36.03%	-22.19%	-13.84%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	-27.43%	-8.60%
Current Drawdown Current decline from peak	-0.22%	-0.18%	-0.04%
Average Drawdown Average peak-to-trough decline	-5.50%	-3.35%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.26%	+1.27%

Volatility

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

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 4.49% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 3.05%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	VFV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	3.05%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	8.55%	+3.53%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	11.46%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	14.91%	+7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	16.57%	+5.97%

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

QQC-F.TO has a 0.20% expense ratio, which is higher than VFV.TO's 0.09% 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. VFV.TO - Dividend Comparison

QQC-F.TO has not paid dividends to shareholders, while VFV.TO's dividend yield for the trailing twelve months is around 0.83%.

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%
VFV.TO Vanguard S&P 500 Index ETF	0.83%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.68%	1.50%	1.66%	1.63%

Frequently Asked Questions

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

QQC-F.TO and VFV.TO have a correlation of 0.82, 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 VFV.TO?

On fees, VFV.TO is cheaper at 0.09% 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 VFV.TO?

VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.20% for QQC-F.TO.

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

QQC-F.TO is categorized as Nasdaq-100, while VFV.TO is S&P 500. QQC-F.TO tracks NASDAQ-100 Index, while VFV.TO tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.20% for QQC-F.TO and 0.09% for VFV.TO.