QQC-F.TO vs. ^NDX
Compare and contrast key facts about Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and NASDAQ 100 (^NDX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQC-F.TO or ^NDX.
Correlation
The correlation between QQC-F.TO and ^NDX is 0.80, 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. ^NDX - Performance Comparison
Key characteristics
QQC-F.TO:
0.41
^NDX:
0.43
QQC-F.TO:
0.75
^NDX:
0.77
QQC-F.TO:
1.10
^NDX:
1.11
QQC-F.TO:
0.45
^NDX:
0.47
QQC-F.TO:
1.51
^NDX:
1.61
QQC-F.TO:
6.83%
^NDX:
6.73%
QQC-F.TO:
24.96%
^NDX:
25.39%
QQC-F.TO:
-36.02%
^NDX:
-82.90%
QQC-F.TO:
-12.81%
^NDX:
-12.39%
Returns By Period
The year-to-date returns for both investments are quite close, with QQC-F.TO having a -7.93% return and ^NDX slightly higher at -7.54%. Both investments have delivered pretty close results over the past 10 years, with QQC-F.TO having a 15.44% annualized return and ^NDX not far ahead at 15.86%.
QQC-F.TO
-7.93%
0.51%
-5.60%
8.36%
16.06%
15.44%
^NDX
-7.54%
0.76%
-4.54%
9.65%
16.75%
15.86%
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Risk-Adjusted Performance
QQC-F.TO vs. ^NDX — Risk-Adjusted Performance Rank
QQC-F.TO
^NDX
QQC-F.TO vs. ^NDX - 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 NASDAQ 100 (^NDX). 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.
Drawdowns
QQC-F.TO vs. ^NDX - Drawdown Comparison
The maximum QQC-F.TO drawdown since its inception was -36.02%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for QQC-F.TO and ^NDX. For additional features, visit the drawdowns tool.
Volatility
QQC-F.TO vs. ^NDX - Volatility Comparison
Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) and NASDAQ 100 (^NDX) have volatilities of 17.40% and 16.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.