QQC.TO vs. TMFE
Compare and contrast key facts about Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) and The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF (TMFE).
QQC.TO and TMFE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQC.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021. TMFE is a passively managed fund by RBB Fund that tracks the performance of the Motley Fool Capital Efficiency 100 Index. It was launched on Dec 30, 2021. Both QQC.TO and TMFE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQC.TO or TMFE.
Key characteristics
| QQC.TO | TMFE | |
|---|---|---|
| YTD Return | 18.65% | 23.98% |
| 1Y Return | 28.74% | 37.46% |
| Sharpe Ratio | 1.57 | 2.26 |
| Daily Std Dev | 16.87% | 15.63% |
| Max Drawdown | -31.81% | -31.07% |
| Current Drawdown | -6.15% | -0.43% |
Correlation
The correlation between QQC.TO and TMFE is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQC.TO vs. TMFE - Performance Comparison
In the year-to-date period, QQC.TO achieves a 18.65% return, which is significantly lower than TMFE's 23.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQC.TO vs. TMFE - Expense Ratio Comparison
QQC.TO has a 0.20% expense ratio, which is lower than TMFE's 0.50% expense ratio.
Risk-Adjusted Performance
QQC.TO vs. TMFE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) and The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF (TMFE). 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.
Dividends
QQC.TO vs. TMFE - Dividend Comparison
QQC.TO's dividend yield for the trailing twelve months is around 0.52%, more than TMFE's 0.36% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.52% | 0.54% | 0.91% | 0.56% |
TMFE The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF | 0.36% | 0.45% | 0.40% | 0.00% |
Drawdowns
QQC.TO vs. TMFE - Drawdown Comparison
The maximum QQC.TO drawdown since its inception was -31.81%, roughly equal to the maximum TMFE drawdown of -31.07%. Use the drawdown chart below to compare losses from any high point for QQC.TO and TMFE. For additional features, visit the drawdowns tool.
Volatility
QQC.TO vs. TMFE - Volatility Comparison
Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a higher volatility of 6.06% compared to The RBB Fund, Inc. - Motley Fool High Capital Efficiency Index ETF (TMFE) at 4.68%. This indicates that QQC.TO's price experiences larger fluctuations and is considered to be riskier than TMFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.