QQC.TO vs. FINN.NEO

Last updated Jun 25, 2026

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and FINN.NEO (Fidelity Global Innovators ETF) are both exchange-traded funds - QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FINN.NEO is a Technology Equities fund actively managed by Fidelity. QQC.TO is passively managed, while FINN.NEO is actively managed. Over the past 3 years, QQC.TO returned 28.79%/yr vs 45.50%/yr for FINN.NEO. Their correlation of 0.84 suggests significant overlap in exposure. QQC.TO charges 0.20%/yr vs 1.13%/yr for FINN.NEO.

Performance

QQC.TO vs. FINN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) and Fidelity Global Innovators ETF (FINN.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQC.TO achieves a 20.02% return, which is significantly lower than FINN.NEO's 38.96% return.

QQC.TO

• 1D: -0.34%
• 1M: 0.53%
• YTD: 20.02%
• 6M: 18.70%
• 1Y: 36.91%
• 3Y*: 28.79%
• 5Y*: 19.20%
• 10Y*: —

FINN.NEO

• 1D: -0.43%
• 1M: 0.12%
• YTD: 38.96%
• 6M: 36.95%
• 1Y: 64.44%
• 3Y*: 45.50%
• 5Y*: —
• 10Y*: —

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

QQC.TO vs. FINN.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	20.02%	15.38%	35.74%	19.71%
FINN.NEO Fidelity Global Innovators ETF	38.96%	20.61%	58.65%	21.40%

Correlation

The correlation between QQC.TO and FINN.NEO is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.84

The correlation between QQC.TO and FINN.NEO has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

QQC.TO vs. FINN.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQC.TO

QQC.TO Risk / Return Rank: 69
QQC.TO Sharpe Ratio Rank: 76
QQC.TO Sortino Ratio Rank: 70
QQC.TO Omega Ratio Rank: 74
QQC.TO Calmar Ratio Rank: 67
QQC.TO Martin Ratio Rank: 59

FINN.NEO

FINN.NEO Risk / Return Rank: 88
FINN.NEO Sharpe Ratio Rank: 89
FINN.NEO Sortino Ratio Rank: 84
FINN.NEO Omega Ratio Rank: 85
FINN.NEO Calmar Ratio Rank: 92
FINN.NEO Martin Ratio Rank: 88

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.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) and Fidelity Global Innovators ETF (FINN.NEO). 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.TO	FINN.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.65	-0.48
Sortino ratio: Return per unit of downside risk	2.83	3.34	-0.51
Omega ratio: Gain probability vs. loss probability	1.39	1.46	-0.07
Calmar ratio: Return relative to maximum drawdown	3.05	5.42	-2.37
Martin ratio: Return relative to average drawdown	9.52	17.37	-7.85

QQC.TO vs. FINN.NEO - Sharpe Ratio Comparison

The current QQC.TO Sharpe Ratio is 2.17, which is comparable to the FINN.NEO Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of QQC.TO and FINN.NEO, 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.TO vs. FINN.NEO - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, which is greater than FINN.NEO's maximum drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for QQC.TO and FINN.NEO.

Drawdown Indicators

	QQC.TO	FINN.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-31.81%	-25.66%	-6.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-11.94%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-22.58%	-25.66%	+3.08%
Max Drawdown (5Y) Largest decline over 5 years	-31.81%	—	—
Current Drawdown Current decline from peak	-3.55%	-4.30%	+0.75%
Average Drawdown Average peak-to-trough decline	-7.98%	-3.99%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	3.72%	+0.17%

Volatility

QQC.TO vs. FINN.NEO - Volatility Comparison

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 8.52%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 11.88%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than FINN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC.TO	FINN.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	11.88%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	19.96%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.17%	24.47%	-7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	22.47%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	22.47%	-1.46%

QQC.TO vs. FINN.NEO - Expense Ratio Comparison

QQC.TO has a 0.20% expense ratio, which is lower than FINN.NEO's 1.13% expense ratio.

Dividends

QQC.TO vs. FINN.NEO - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.32%, while FINN.NEO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FINN.NEO Fidelity Global Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.32%	0.39%	0.45%	0.54%	0.91%	0.56%

Frequently Asked Questions

Can I hold both QQC.TO and FINN.NEO in my portfolio?

QQC.TO and FINN.NEO have a correlation of 0.83, 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.TO or FINN.NEO?

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

Which ETF is cheaper, QQC.TO or FINN.NEO?

QQC.TO is cheaper with a 0.20% expense ratio, compared with 1.13% for FINN.NEO.

What is the main difference between QQC.TO and FINN.NEO?

QQC.TO is categorized as Nasdaq-100, while FINN.NEO is Technology Equities. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.20% for QQC.TO and 1.13% for FINN.NEO.