QQC.TO vs. SOFI
QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while SOFI (SoFi Technologies, Inc.) is a stock. Over the past 5 years, QQC.TO returned 20.17%/yr vs -3.06%/yr for SOFI. At a 0.48 correlation, their price movements are largely independent.
Performance
QQC.TO vs. SOFI - Performance Comparison
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Different Trading Currencies
QQC.TO is traded in CAD, while SOFI is traded in USD. To make them comparable, the SOFI 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 19.71% return, which is significantly higher than SOFI's -35.32% return.
QQC.TO
- 1D
- 0.88%
- 1M
- 3.05%
- YTD
- 19.71%
- 6M
- 19.65%
- 1Y
- 39.55%
- 3Y*
- 28.38%
- 5Y*
- 20.17%
- 10Y*
- —
SOFI
- 1D
- -0.25%
- 1M
- 10.59%
- YTD
- -35.32%
- 6M
- -38.29%
- 1Y
- 13.89%
- 3Y*
- 22.07%
- 5Y*
- -3.06%
- 10Y*
- —
QQC.TO vs. SOFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 19.71% | 15.38% | 35.74% | 51.68% | -28.05% | 25.39% |
SOFI SoFi Technologies, Inc. | -35.32% | 62.24% | 67.88% | 110.70% | -68.99% | -16.07% |
Correlation
The correlation between QQC.TO and SOFI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.48 |
The correlation between QQC.TO and SOFI has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
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Return for Risk
QQC.TO vs. SOFI — Risk / Return Rank
QQC.TO
SOFI
QQC.TO vs. SOFI - 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 SoFi Technologies, Inc. (SOFI). 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 | SOFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.09 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.26 | +3.01 |
| Martin ratioReturn relative to average drawdown | 10.24 | 0.47 | +9.77 |
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Drawdowns
QQC.TO vs. SOFI - Drawdown Comparison
The maximum QQC.TO drawdown since its inception was -31.81%, smaller than the maximum SOFI drawdown of -82.22%. Use the drawdown chart below to compare losses from any high point for QQC.TO and SOFI.
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Drawdown Indicators
| QQC.TO | SOFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.81% | -82.22% | +50.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -53.65% | +41.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -53.65% | +31.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.81% | -79.64% | +47.83% |
Current DrawdownCurrent decline from peak | -2.40% | -48.63% | +46.23% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -50.15% | +42.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 29.62% | -25.75% |
Volatility
QQC.TO vs. SOFI - Volatility Comparison
The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 7.25%, while SoFi Technologies, Inc. (SOFI) has a volatility of 17.24%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than SOFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQC.TO | SOFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 17.24% | -9.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 38.46% | -25.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 56.50% | -39.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 66.70% | -45.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 71.96% | -51.02% |
Dividends
QQC.TO vs. SOFI - Dividend Comparison
QQC.TO's dividend yield for the trailing twelve months is around 0.32%, while SOFI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.32% | 0.39% | 0.45% | 0.54% | 0.91% | 0.56% |
SOFI SoFi Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQC.TO and SOFI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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