PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQC.TO vs. PXC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQC.TO vs. PXC.TO

Last updated Jun 25, 2026

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and PXC.TO (Invesco RAFI Canadian Index ETF) are both exchange-traded funds - QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while PXC.TO is a Canada Equities fund tracking the RAFI Canada Index. Both are passively managed. Over the past 5 years, QQC.TO returned 19.20%/yr vs 16.75%/yr for PXC.TO. At a 0.32 correlation, their price movements are largely independent.

Performance

QQC.TO vs. PXC.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.TO) and Invesco RAFI Canadian Index ETF (PXC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, QQC.TO achieves a 20.02% return, which is significantly higher than PXC.TO's 17.12% 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*
—

PXC.TO

1D
-0.64%
1M
-0.22%
YTD
17.12%
6M
12.82%
1Y
36.76%
3Y*
25.64%
5Y*
16.75%
10Y*
13.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC.TO vs. PXC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		20.02%15.38%35.74%51.68%-28.05%25.39%
PXC.TO
Invesco RAFI Canadian Index ETF		17.12%26.50%19.57%9.28%1.37%13.12%

Correlation

The correlation between QQC.TO and PXC.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.31

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

0.33

Correlation (All Time)
Calculated using the full available price history since May 27, 2021

0.32

QQC.TO vs. PXC.TO - Sectors Allocation Comparison

Sectors
QQC.TO
PXC.TO

Technology

59.6%
2.2%

Communication Services

14.0%
2.7%

Consumer Cyclical

11.1%
6.6%

Consumer Defensive

6.3%
2.9%

Healthcare

3.6%
0.2%

Industrials

2.6%
7.2%

Utilities

1.1%
3.1%

Basic Materials

1.0%
13.0%

Energy

0.5%
26.6%

Financial Services

0.2%
34.7%

Real Estate

0.1%
0.8%

Technology

QQC.TO
59.6%
PXC.TO
2.2%

Communication Services

QQC.TO
14.0%
PXC.TO
2.7%

Consumer Cyclical

QQC.TO
11.1%
PXC.TO
6.6%

Consumer Defensive

QQC.TO
6.3%
PXC.TO
2.9%

Healthcare

QQC.TO
3.6%
PXC.TO
0.2%

Industrials

QQC.TO
2.6%
PXC.TO
7.2%

Utilities

QQC.TO
1.1%
PXC.TO
3.1%

Basic Materials

QQC.TO
1.0%
PXC.TO
13.0%

Energy

QQC.TO
0.5%
PXC.TO
26.6%

Financial Services

QQC.TO
0.2%
PXC.TO
34.7%

Real Estate

QQC.TO
0.1%
PXC.TO
0.8%

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

Invesco RAFI Canadian Index ETF

Often compared with QQC.TO:
QQC.TO vs. VFV.TOQQC.TO vs. XQQ.TOQQC.TO vs. QQQQQC.TO vs. TEC.TOQQC.TO vs. HXQ.TOQQC.TO vs. QQC-F.TOQQC.TO vs. QQQM
Often compared with PXC.TO:
PXC.TO vs. PXS.TOPXC.TO vs. INOC.TOPXC.TO vs. XCV.TOPXC.TO vs. EQL.TOPXC.TO vs. QQCE.TOPXC.TO vs. ESGC.TOPXC.TO vs. HXCN.TO

Return for Risk

QQC.TO vs. PXC.TO — 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: 6969
Overall Rank
QQC.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QQC.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQC.TO Omega Ratio Rank: 7474
Omega Ratio Rank
QQC.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
QQC.TO Martin Ratio Rank: 5959
Martin Ratio Rank
PXC.TO
PXC.TO Risk / Return Rank: 9696
Overall Rank
PXC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PXC.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
PXC.TO Omega Ratio Rank: 9696
Omega Ratio Rank
PXC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PXC.TO Martin Ratio Rank: 9696
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.TO vs. PXC.TO - 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 Invesco RAFI Canadian Index ETF (PXC.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.TOPXC.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
3.55

-1.39

Sortino ratioReturn per unit of downside risk
2.83
4.65

-1.82

Omega ratioGain probability vs. loss probability

1.39

1.69

-0.30

Calmar ratioReturn relative to maximum drawdown

3.05

7.95

-4.90

Martin ratioReturn relative to average drawdown

9.52

31.61

-22.09

QQC.TO vs. PXC.TO - Sharpe Ratio Comparison

The current QQC.TO Sharpe Ratio is 2.17, which is lower than the PXC.TO Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of QQC.TO and PXC.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.

Loading charts...

Drawdowns

QQC.TO vs. PXC.TO - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, smaller than the maximum PXC.TO drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for QQC.TO and PXC.TO.

Loading charts...

Drawdown Indicators

QQC.TOPXC.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.81%

-41.78%

+9.97%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-4.64%

-7.50%

Max Drawdown (3Y)

Largest decline over 3 years

-22.58%

-10.99%

-11.59%

Max Drawdown (5Y)

Largest decline over 5 years

-31.81%

-15.75%

-16.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.78%

—

Current Drawdown

Current decline from peak

-3.55%

-1.30%

-2.25%

Average Drawdown

Average peak-to-trough decline

-7.98%

-5.05%

-2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

1.17%

+2.72%

Volatility

QQC.TO vs. PXC.TO - Volatility Comparison

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a higher volatility of 8.52% compared to Invesco RAFI Canadian Index ETF (PXC.TO) at 3.14%. This indicates that QQC.TO's price experiences larger fluctuations and is considered to be riskier than PXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QQC.TOPXC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.52%

3.14%

+5.38%

Volatility (6M)

Calculated over the trailing 6-month period

13.79%

8.56%

+5.23%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

10.39%

+6.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.12%

13.27%

+7.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.01%

16.41%

+4.60%

Dividends

QQC.TO vs. PXC.TO - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.32%, less than PXC.TO's 2.27% yield.

PositionTTM20252024202320222021202020192018201720162015
PXC.TO
Invesco RAFI Canadian Index ETF		2.27%2.65%3.17%3.48%3.42%2.58%3.10%2.92%2.86%2.23%2.57%3.13%
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.32%0.39%0.45%0.54%0.91%0.56%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQC.TO and PXC.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQC.TO is categorized as Nasdaq-100, while PXC.TO is Canada Equities. QQC.TO tracks NASDAQ-100 Index, while PXC.TO tracks RAFI Canada Index.

Portfolio Optimizer

Find the right allocation for QQC.TO and PXC.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer