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QQC.TO vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQC.TO vs. QQQM

Last updated Jul 2, 2026
See Documentation

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds from Invesco tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, QQC.TO returned 19.39%/yr vs 19.02%/yr for QQQM. Their correlation of 0.84 suggests significant overlap in exposure. QQC.TO charges 0.20%/yr vs 0.15%/yr for QQQM.

Performance

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

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Different Trading Currencies

QQC.TO is traded in CAD, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with QQC.TO having a 23.96% return and QQQM slightly lower at 22.77%.

QQC.TO

1D
1.49%
1M
1.68%
YTD
23.96%
6M
23.96%
1Y
39.43%
3Y*
29.20%
5Y*
19.39%
10Y*
—

QQQM

1D
-1.47%
1M
0.65%
YTD
22.77%
6M
22.77%
1Y
39.19%
3Y*
28.98%
5Y*
19.02%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC.TO vs. QQQM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		23.96%15.38%35.74%51.68%-28.05%25.39%
QQQM
Invesco NASDAQ 100 ETF		22.77%15.33%36.33%51.32%-28.24%26.22%

Correlation

The correlation between QQC.TO and QQQM is 0.87, 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

0.87

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

0.85

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

0.85

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

0.84

The correlation between QQC.TO and QQQM has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

QQC.TO vs. QQQM - Sectors Allocation Comparison

Sectors
QQC.TO
QQQM

Technology

59.6%
58.7%

Communication Services

14.0%
14.3%

Consumer Cyclical

11.1%
11.4%

Consumer Defensive

6.3%
6.4%

Healthcare

3.6%
3.7%

Industrials

2.6%
2.6%

Utilities

1.1%
1.2%

Basic Materials

1.0%
1.0%

Energy

0.5%
0.5%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQC.TO
59.6%
QQQM
58.7%

Communication Services

QQC.TO
14.0%
QQQM
14.3%

Consumer Cyclical

QQC.TO
11.1%
QQQM
11.4%

Consumer Defensive

QQC.TO
6.3%
QQQM
6.4%

Healthcare

QQC.TO
3.6%
QQQM
3.7%

Industrials

QQC.TO
2.6%
QQQM
2.6%

Utilities

QQC.TO
1.1%
QQQM
1.2%

Basic Materials

QQC.TO
1.0%
QQQM
1.0%

Energy

QQC.TO
0.5%
QQQM
0.5%

Financial Services

QQC.TO
0.2%
QQQM
0.2%

Real Estate

QQC.TO
0.1%
QQQM
0.1%

Compare stocks, funds, or ETFs

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Invesco NASDAQ 100 Index ETF CAD Hedged

Invesco NASDAQ 100 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. ZNQ.TO
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

QQC.TO vs. QQQM — 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: 7676
Overall Rank
QQC.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
QQC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
QQC.TO Omega Ratio Rank: 8080
Omega Ratio Rank
QQC.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
QQC.TO Martin Ratio Rank: 6565
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 6464
Overall Rank
QQQM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 6060
Sortino Ratio Rank
QQQM Omega Ratio Rank: 6262
Omega Ratio Rank
QQQM Calmar Ratio Rank: 6666
Calmar Ratio Rank
QQQM Martin Ratio Rank: 6666
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. QQQM - 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 NASDAQ 100 ETF (QQQM). 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.TOQQQMDifference
Sharpe ratioReturn per unit of total volatility
2.27
2.15

+0.12

Sortino ratioReturn per unit of downside risk
2.97
2.85

+0.12

Omega ratioGain probability vs. loss probability

1.41

1.37

+0.03

Calmar ratioReturn relative to maximum drawdown

3.26

3.23

+0.04

Martin ratioReturn relative to average drawdown

10.13

10.38

-0.25

QQC.TO vs. QQQM - Sharpe Ratio Comparison

The current QQC.TO Sharpe Ratio is 2.27, which is comparable to the QQQM Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of QQC.TO and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQC.TO vs. QQQM - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, roughly equal to the maximum QQQM drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for QQC.TO and QQQM.

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Drawdown Indicators

QQC.TOQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-31.81%

-32.26%

+0.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-12.21%

+0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-22.58%

-22.57%

-0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-31.81%

-32.26%

+0.45%

Current Drawdown

Current decline from peak

-0.39%

-1.53%

+1.14%

Average Drawdown

Average peak-to-trough decline

-7.96%

-7.52%

-0.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.90%

3.79%

+0.11%

Volatility

QQC.TO vs. QQQM - Volatility Comparison

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 9.17%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.75%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQC.TOQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.17%

9.75%

-0.58%

Volatility (6M)

Calculated over the trailing 6-month period

14.19%

15.12%

-0.93%

Volatility (1Y)

Calculated over the trailing 1-year period

17.45%

18.35%

-0.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.17%

23.35%

-2.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.03%

23.21%

-2.18%

QQC.TO vs. QQQM - Expense Ratio Comparison

QQC.TO has a 0.20% expense ratio, which is higher than QQQM's 0.15% 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.TO vs. QQQM - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.31%, less than QQQM's 0.44% yield.

PositionTTM202520242023202220212020
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.31%0.39%0.45%0.54%0.91%0.56%0.00%
QQQM
Invesco NASDAQ 100 ETF		0.44%0.50%0.61%0.65%0.83%0.40%0.16%

Frequently Asked Questions

QQC.TO and QQQM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQM is cheaper with a 0.15% expense ratio, compared with 0.20% for QQC.TO.

Both ETFs track NASDAQ-100 Index. Their fees differ too: 0.20% for QQC.TO and 0.15% for QQQM.

Portfolio Optimizer

Find the right allocation for QQC.TO and QQQM

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

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