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

QQC.TO vs. SCHG

Last updated Jun 4, 2026

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 5 years, QQC.TO returned 21.56%/yr vs 18.90%/yr for SCHG. Their correlation of 0.91 suggests significant overlap in exposure. QQC.TO charges 0.20%/yr vs 0.04%/yr for SCHG.

Performance

QQC.TO vs. SCHG - 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 Schwab U.S. Large-Cap Growth ETF (SCHG). 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 SCHG is traded in USD. To make them comparable, the SCHG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQC.TO achieves a 22.65% return, which is significantly higher than SCHG's 7.77% return.

QQC.TO

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

SCHG

1D
-0.82%
1M
6.90%
YTD
7.77%
6M
5.40%
1Y
26.25%
3Y*
26.47%
5Y*
18.90%
10Y*
19.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC.TO vs. SCHG - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		22.65%15.38%35.73%51.73%-28.07%25.01%
SCHG
Schwab U.S. Large-Cap Growth ETF		7.77%12.11%46.55%46.80%-26.94%25.27%

Correlation

The correlation between QQC.TO and SCHG 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

0.91

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

0.91

Correlation (All Time)
Calculated using the full available price history since May 31, 2021

0.91

The correlation between QQC.TO and SCHG has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

QQC.TO vs. SCHG - Sectors Allocation Comparison

Sectors
QQC.TO
SCHG

Technology

53.8%
46.3%

Communication Services

15.8%
16.0%

Consumer Cyclical

12.3%
12.7%

Consumer Defensive

7.7%
1.7%

Healthcare

4.2%
7.7%

Industrials

2.8%
5.8%

Utilities

1.4%
0.4%

Basic Materials

1.1%
1.4%

Energy

0.6%
0.8%

Financial Services

0.2%
6.7%

Real Estate

0.1%
0.5%

Technology

QQC.TO
53.8%
SCHG
46.3%

Communication Services

QQC.TO
15.8%
SCHG
16.0%

Consumer Cyclical

QQC.TO
12.3%
SCHG
12.7%

Consumer Defensive

QQC.TO
7.7%
SCHG
1.7%

Healthcare

QQC.TO
4.2%
SCHG
7.7%

Industrials

QQC.TO
2.8%
SCHG
5.8%

Utilities

QQC.TO
1.4%
SCHG
0.4%

Basic Materials

QQC.TO
1.1%
SCHG
1.4%

Energy

QQC.TO
0.6%
SCHG
0.8%

Financial Services

QQC.TO
0.2%
SCHG
6.7%

Real Estate

QQC.TO
0.1%
SCHG
0.5%

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

Schwab U.S. Large-Cap Growth 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 SCHG:
SCHG vs. SCHDSCHG vs. QQQMSCHG vs. VOOSCHG vs. VUGSCHG vs. QQQSCHG vs. SPMOSCHG vs. SPYG

Return for Risk

QQC.TO vs. SCHG — 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: 8585
Sharpe Ratio Rank
QQC.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
QQC.TO Omega Ratio Rank: 8282
Omega Ratio Rank
QQC.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
QQC.TO Martin Ratio Rank: 6262
Martin Ratio Rank
SCHG
SCHG Risk / Return Rank: 3939
Overall Rank
SCHG Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SCHG Sortino Ratio Rank: 4343
Sortino Ratio Rank
SCHG Omega Ratio Rank: 4343
Omega Ratio Rank
SCHG Calmar Ratio Rank: 3030
Calmar Ratio Rank
SCHG Martin Ratio Rank: 3333
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. SCHG - 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 Schwab U.S. Large-Cap Growth ETF (SCHG). 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.TOSCHGDifference
Sharpe ratioReturn per unit of total volatility
2.84
1.74

+1.11

Sortino ratioReturn per unit of downside risk
3.69
2.34

+1.35

Omega ratioGain probability vs. loss probability

1.50

1.31

+0.19

Calmar ratioReturn relative to maximum drawdown

3.59

1.57

+2.02

Martin ratioReturn relative to average drawdown

11.38

4.54

+6.84

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. SCHG - Sharpe Ratio Comparison

The current QQC.TO Sharpe Ratio is 2.84, which is higher than the SCHG Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of QQC.TO and SCHG, 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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Sharpe Ratios by Period

QQC.TOSCHGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.84

1.74

+1.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.92

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.99

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

1.05

-0.03

Drawdowns

QQC.TO vs. SCHG - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, roughly equal to the maximum SCHG drawdown of -32.13%. Use the drawdown chart below to compare losses from any high point for QQC.TO and SCHG.

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Drawdown Indicators

QQC.TOSCHGDifference

Max Drawdown

Largest peak-to-trough decline

-31.81%

-32.13%

+0.32%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-16.78%

+4.64%

Max Drawdown (3Y)

Largest decline over 3 years

-22.59%

-23.81%

+1.22%

Max Drawdown (5Y)

Largest decline over 5 years

-31.81%

-32.13%

+0.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.13%

—

Current Drawdown

Current decline from peak

0.00%

-1.07%

+1.07%

Average Drawdown

Average peak-to-trough decline

-8.06%

-4.73%

-3.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

5.79%

-1.97%

Volatility

QQC.TO vs. SCHG - Volatility Comparison

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a higher volatility of 4.36% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 3.49%. This indicates that QQC.TO's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQC.TOSCHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

3.49%

+0.87%

Volatility (6M)

Calculated over the trailing 6-month period

11.58%

11.32%

+0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

15.21%

+0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.85%

20.60%

+0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.82%

19.99%

+0.83%

QQC.TO vs. SCHG - Expense Ratio Comparison

QQC.TO has a 0.20% expense ratio, which is higher than SCHG's 0.04% 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. SCHG - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.31%, less than SCHG's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.31%0.39%0.45%0.54%0.91%0.56%0.00%0.00%0.00%0.00%0.00%0.00%
SCHG
Schwab U.S. Large-Cap Growth ETF		0.36%0.36%0.39%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%

Frequently Asked Questions

QQC.TO and SCHG 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, SCHG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHG is cheaper with a 0.04% expense ratio, compared with 0.20% for QQC.TO.

QQC.TO is categorized as Nasdaq-100, while SCHG is Large Cap Growth Equities. QQC.TO tracks NASDAQ-100 Index, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.20% for QQC.TO and 0.04% for SCHG.

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