QQC-F.TO vs. XTOT.TO

Last updated Jun 26, 2026

QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and XTOT.TO (iShares Core S&P Total U.S. Stock Market Index ETF) are both exchange-traded funds - QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XTOT.TO is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past year, QQC-F.TO returned 30.02% vs 26.27% for XTOT.TO. A 0.75 correlation means they provide meaningful diversification when combined. QQC-F.TO charges 0.20%/yr vs 0.07%/yr for XTOT.TO.

Performance

QQC-F.TO vs. XTOT.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 Core S&P Total U.S. Stock Market Index ETF (XTOT.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 15.07% return, which is significantly higher than XTOT.TO's 12.18% return.

QQC-F.TO

• 1D: 0.45%
• 1M: -2.15%
• YTD: 15.07%
• 6M: 13.35%
• 1Y: 30.02%
• 3Y*: 24.62%
• 5Y*: 14.51%
• 10Y*: 20.71%

XTOT.TO

• 1D: -0.35%
• 1M: 0.96%
• YTD: 12.18%
• 6M: 11.16%
• 1Y: 26.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	15.07%	17.87%
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	12.18%	16.84%

Correlation

The correlation between QQC-F.TO and XTOT.TO is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.75

The correlation between QQC-F.TO and XTOT.TO has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

Return for Risk

QQC-F.TO vs. XTOT.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: 56
QQC-F.TO Sharpe Ratio Rank: 59
QQC-F.TO Sortino Ratio Rank: 55
QQC-F.TO Omega Ratio Rank: 56
QQC-F.TO Calmar Ratio Rank: 54
QQC-F.TO Martin Ratio Rank: 55

XTOT.TO

XTOT.TO Risk / Return Rank: 66
XTOT.TO Sharpe Ratio Rank: 69
XTOT.TO Sortino Ratio Rank: 67
XTOT.TO Omega Ratio Rank: 70
XTOT.TO Calmar Ratio Rank: 64
XTOT.TO Martin Ratio Rank: 60

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. XTOT.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 Core S&P Total U.S. Stock Market Index ETF (XTOT.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.TO	XTOT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.94	-0.23
Sortino ratio: Return per unit of downside risk	2.30	2.66	-0.36
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.32	2.74	-0.41
Martin ratio: Return relative to average drawdown	8.34	9.27	-0.93

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

The current QQC-F.TO Sharpe Ratio is 1.71, which is comparable to the XTOT.TO Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of QQC-F.TO and XTOT.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.

Drawdowns

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

The maximum QQC-F.TO drawdown since its inception was -36.03%, which is greater than XTOT.TO's maximum drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and XTOT.TO.

Drawdown Indicators

	QQC-F.TO	XTOT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.03%	-9.64%	-26.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-9.64%	-3.34%
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	-4.25%	-1.94%	-2.31%
Average Drawdown Average peak-to-trough decline	-5.48%	-1.80%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	2.84%	+0.77%

Volatility

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

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a higher volatility of 8.59% compared to iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) at 4.63%. This indicates that QQC-F.TO's price experiences larger fluctuations and is considered to be riskier than XTOT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC-F.TO	XTOT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.59%	4.63%	+3.96%
Volatility (6M) Calculated over the trailing 6-month period	14.26%	10.52%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	13.60%	+4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	13.50%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.64%	13.50%	+9.14%

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

QQC-F.TO has a 0.20% expense ratio, which is higher than XTOT.TO's 0.07% 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. XTOT.TO - Dividend Comparison

QQC-F.TO's dividend yield for the trailing twelve months is around 0.34%, less than XTOT.TO's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	0.61%	0.54%	0.00%	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 XTOT.TO in my portfolio?

QQC-F.TO and XTOT.TO have a correlation of 0.76, 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 XTOT.TO?

On fees, XTOT.TO is cheaper at 0.07% 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 XTOT.TO?

XTOT.TO is cheaper with a 0.07% expense ratio, compared with 0.20% for QQC-F.TO.

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

QQC-F.TO is categorized as Nasdaq-100, while XTOT.TO is Large Cap Blend Equities. QQC-F.TO tracks NASDAQ-100 Index, while XTOT.TO tracks S&P Total Market Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQC-F.TO and 0.07% for XTOT.TO.