QQC.TO vs. QQCE.TO

Last updated Jun 4, 2026

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and QQCE.TO (Invesco ESG NASDAQ 100 Index ETF) are both Nasdaq-100 funds from Invesco - QQC.TO tracks the NASDAQ-100 Index while QQCE.TO tracks the NASDAQ-100 ESG Index. Both are passively managed. Over the past 3 years, QQC.TO returned 29.99%/yr vs 30.82%/yr for QQCE.TO. A 0.63 correlation means they provide meaningful diversification when combined. QQC.TO charges 0.20%/yr vs 0.21%/yr for QQCE.TO.

Performance

QQC.TO vs. QQCE.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 ESG NASDAQ 100 Index ETF (QQCE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QQC.TO having a 22.65% return and QQCE.TO slightly higher at 23.30%.

QQC.TO

• 1D: 0.14%
• 1M: 12.93%
• YTD: 22.65%
• 6M: 19.07%
• 1Y: 43.34%
• 3Y*: 29.99%
• 5Y*: 21.56%
• 10Y*: —

QQCE.TO

• 1D: 0.16%
• 1M: 14.10%
• YTD: 23.30%
• 6M: 19.99%
• 1Y: 45.87%
• 3Y*: 30.82%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	22.65%	15.38%	35.73%	51.73%	-28.07%	5.08%
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	23.30%	16.43%	36.67%	44.13%	-25.37%	5.14%

Correlation

The correlation between QQC.TO and QQCE.TO is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021	0.63

Over the past year, QQC.TO and QQCE.TO have become more correlated (0.94) than their long-term average of 0.63, meaning their price movements have been converging.

Return for Risk

QQC.TO vs. QQCE.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: 76
QQC.TO Sharpe Ratio Rank: 85
QQC.TO Sortino Ratio Rank: 81
QQC.TO Omega Ratio Rank: 82
QQC.TO Calmar Ratio Rank: 71
QQC.TO Martin Ratio Rank: 62

QQCE.TO

QQCE.TO Risk / Return Rank: 76
QQCE.TO Sharpe Ratio Rank: 85
QQCE.TO Sortino Ratio Rank: 81
QQCE.TO Omega Ratio Rank: 82
QQCE.TO Calmar Ratio Rank: 71
QQCE.TO Martin Ratio Rank: 61

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. QQCE.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 ESG NASDAQ 100 Index ETF (QQCE.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.

	QQC.TO	QQCE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.84	2.80	+0.04
Sortino ratio: Return per unit of downside risk	3.69	3.60	+0.09
Omega ratio: Gain probability vs. loss probability	1.50	1.50	+0.01
Calmar ratio: Return relative to maximum drawdown	3.59	3.50	+0.08
Martin ratio: Return relative to average drawdown	11.38	10.72	+0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QQC.TO Sharpe Ratio is 2.84, which is comparable to the QQCE.TO Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of QQC.TO and QQCE.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.

Sharpe Ratios by Period

	QQC.TO	QQCE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	2.80	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.92	+0.10

Drawdowns

QQC.TO vs. QQCE.TO - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, roughly equal to the maximum QQCE.TO drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for QQC.TO and QQCE.TO.

Drawdown Indicators

	QQC.TO	QQCE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.81%	-30.86%	-0.95%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-13.16%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.59%	-23.05%	+0.46%
Max Drawdown (5Y) Largest decline over 5 years	-31.81%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.06%	-8.70%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	4.29%	-0.47%

Volatility

QQC.TO vs. QQCE.TO - Volatility Comparison

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 4.36%, while Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) has a volatility of 4.78%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than QQCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQC.TO	QQCE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.78%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	12.65%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	16.47%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	20.71%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.82%	20.71%	+0.11%

QQC.TO vs. QQCE.TO - Expense Ratio Comparison

QQC.TO has a 0.20% expense ratio, which is lower than QQCE.TO's 0.21% expense ratio. Despite the difference, 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.TO vs. QQCE.TO - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.31%, more than QQCE.TO's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.31%	0.39%	0.45%	0.54%	0.91%	0.56%
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	0.26%	0.32%	0.38%	0.44%	0.79%	0.14%

Frequently Asked Questions

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

With a correlation of 0.94, QQC.TO and QQCE.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQC.TO or QQCE.TO?

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 QQCE.TO?

QQC.TO is cheaper with a 0.20% expense ratio, compared with 0.21% for QQCE.TO.

What is the main difference between QQC.TO and QQCE.TO?

QQC.TO tracks NASDAQ-100 Index, while QQCE.TO tracks NASDAQ-100 ESG Index. Their fees differ too: 0.20% for QQC.TO and 0.21% for QQCE.TO.