QQC-F.TO vs. XEQT.TO
Compare and contrast key facts about Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
QQC-F.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQC-F.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019. Both QQC-F.TO and XEQT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQC-F.TO or XEQT.TO.
Correlation
The correlation between QQC-F.TO and XEQT.TO is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQC-F.TO vs. XEQT.TO - Performance Comparison
Key characteristics
QQC-F.TO:
0.38
XEQT.TO:
0.81
QQC-F.TO:
0.71
XEQT.TO:
1.19
QQC-F.TO:
1.10
XEQT.TO:
1.18
QQC-F.TO:
0.41
XEQT.TO:
0.84
QQC-F.TO:
1.39
XEQT.TO:
3.95
QQC-F.TO:
6.79%
XEQT.TO:
3.22%
QQC-F.TO:
24.98%
XEQT.TO:
15.64%
QQC-F.TO:
-36.02%
XEQT.TO:
-29.74%
QQC-F.TO:
-12.88%
XEQT.TO:
-7.04%
Returns By Period
In the year-to-date period, QQC-F.TO achieves a -8.01% return, which is significantly lower than XEQT.TO's -2.60% return.
QQC-F.TO
-8.01%
0.43%
-5.33%
8.26%
16.84%
15.39%
XEQT.TO
-2.60%
-2.30%
-0.06%
12.41%
13.19%
N/A
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QQC-F.TO vs. XEQT.TO - Expense Ratio Comparison
Both QQC-F.TO and XEQT.TO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
QQC-F.TO vs. XEQT.TO — Risk-Adjusted Performance Rank
QQC-F.TO
XEQT.TO
QQC-F.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and iShares Core Equity ETF Portfolio (XEQT.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.
Dividends
QQC-F.TO vs. XEQT.TO - Dividend Comparison
QQC-F.TO's dividend yield for the trailing twelve months is around 0.13%, less than XEQT.TO's 2.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.13% | 0.24% | 0.57% | 0.89% | 0.66% | 0.49% | 0.64% | 0.77% | 0.66% | 0.81% | 0.76% | 1.03% |
XEQT.TO iShares Core Equity ETF Portfolio | 2.08% | 2.03% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQC-F.TO vs. XEQT.TO - Drawdown Comparison
The maximum QQC-F.TO drawdown since its inception was -36.02%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
QQC-F.TO vs. XEQT.TO - Volatility Comparison
Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 17.41% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 12.65%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.