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

QQC-F.TO vs. XEI.TO

Last updated Jul 18, 2026
Documentation

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 10 years, QQC-F.TO returned 19.30%/yr vs 12.04%/yr for XEI.TO. At a 0.41 correlation, their price movements are largely independent. QQC-F.TO charges 0.20%/yr vs 0.22%/yr for XEI.TO.

Performance

QQC-F.TO vs. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQC-F.TO achieves a 12.04% return, which is significantly lower than XEI.TO's 27.84% return. Over the past 10 years, QQC-F.TO has outperformed XEI.TO with an annualized return of 19.30%, while XEI.TO has yielded a comparatively lower 12.04% annualized return.

QQC-F.TO

1D
-1.32%
1M
-3.53%
6M
10.95%
YTD
12.04%
1Y
22.02%
3Y*
20.50%
5Y*
13.33%
10Y*
19.30%

XEI.TO

1D
-0.10%
1M
3.91%
6M
23.78%
YTD
27.84%
1Y
40.00%
3Y*
22.57%
5Y*
15.80%
10Y*
12.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		12.04%18.79%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		27.84%20.86%15.26%6.59%0.32%35.76%-7.60%25.30%-10.95%7.14%

Correlation

The correlation between QQC-F.TO and XEI.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

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

0.25

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

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2012

0.41

Over the past year, the correlation between QQC-F.TO and XEI.TO has dropped to 0.05 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

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

Sectors
QQC-F.TO
XEI.TO

Technology

59.6%
0.7%

Communication Services

14.0%
8.0%

Consumer Cyclical

11.1%
6.0%

Consumer Defensive

6.3%
0.6%

Healthcare

3.6%
0.2%

Industrials

2.6%
0.8%

Utilities

1.1%
11.4%

Basic Materials

1.0%
4.1%

Energy

0.5%
31.1%

Financial Services

0.2%
32.5%

Real Estate

0.1%
4.8%

Technology

QQC-F.TO
59.6%
XEI.TO
0.7%

Communication Services

QQC-F.TO
14.0%
XEI.TO
8.0%

Consumer Cyclical

QQC-F.TO
11.1%
XEI.TO
6.0%

Consumer Defensive

QQC-F.TO
6.3%
XEI.TO
0.6%

Healthcare

QQC-F.TO
3.6%
XEI.TO
0.2%

Industrials

QQC-F.TO
2.6%
XEI.TO
0.8%

Utilities

QQC-F.TO
1.1%
XEI.TO
11.4%

Basic Materials

QQC-F.TO
1.0%
XEI.TO
4.1%

Energy

QQC-F.TO
0.5%
XEI.TO
31.1%

Financial Services

QQC-F.TO
0.2%
XEI.TO
32.5%

Real Estate

QQC-F.TO
0.1%
XEI.TO
4.8%

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

iShares S&P/TSX Composite High Dividend Index 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. QQQMQQC-F.TO vs. VFV.TO
Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

QQC-F.TO vs. XEI.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: 4141
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 3939
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 4545
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
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. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.

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.TOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
1.19
5.01

-3.82

Sortino ratioReturn per unit of downside risk
1.67
6.96

-5.29

Omega ratioGain probability vs. loss probability

1.21

2.00

-0.79

Calmar ratioReturn relative to maximum drawdown

1.70

9.53

-7.82

Martin ratioReturn relative to average drawdown

5.88

41.89

-36.01

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

The current QQC-F.TO Sharpe Ratio is 1.19, which is lower than the XEI.TO Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of QQC-F.TO and XEI.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.

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Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, smaller than the maximum XEI.TO drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and XEI.TO.

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Drawdown Indicators

QQC-F.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-45.52%

+9.49%

Max Drawdown (1Y)

Largest decline over 1 year

-12.98%

-4.22%

-8.76%

Max Drawdown (3Y)

Largest decline over 3 years

-22.76%

-9.96%

-12.80%

Max Drawdown (5Y)

Largest decline over 5 years

-36.03%

-17.35%

-18.68%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-45.52%

+9.49%

Current Drawdown

Current decline from peak

-6.77%

-0.10%

-6.67%

Average Drawdown

Average peak-to-trough decline

-5.48%

-5.07%

-0.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.76%

0.96%

+2.80%

Volatility

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

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 7.42% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.15%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQC-F.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.42%

2.15%

+5.27%

Volatility (6M)

Calculated over the trailing 6-month period

15.34%

6.01%

+9.33%

Volatility (1Y)

Calculated over the trailing 1-year period

18.61%

8.03%

+10.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.85%

11.29%

+11.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.69%

16.00%

+6.69%

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

QQC-F.TO has a 0.20% expense ratio, which is lower than XEI.TO's 0.22% expense ratio. Despite the difference, 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. XEI.TO - Dividend Comparison

QQC-F.TO's dividend yield for the trailing twelve months is around 0.34%, less than XEI.TO's 3.39% yield.

PositionTTM20252024202320222021202020192018201720162015
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.34%0.39%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.39%4.47%5.45%4.97%4.68%3.58%5.03%4.62%5.42%4.29%4.41%5.64%

Frequently Asked Questions

QQC-F.TO and XEI.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.22% for XEI.TO.

QQC-F.TO is categorized as Nasdaq-100, while XEI.TO is Canada Equities. QQC-F.TO tracks NASDAQ-100 Index, while XEI.TO tracks S&P/TSX Composite High Dividend Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQC-F.TO and 0.22% for XEI.TO.

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