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

QQC.TO vs. XEG.TO

Last updated Jun 3, 2026

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 5 years, QQC.TO returned 21.52%/yr vs 29.51%/yr for XEG.TO. At a 0.09 correlation, their price movements are largely independent. QQC.TO charges 0.20%/yr vs 0.61%/yr for XEG.TO.

Performance

QQC.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQC.TO achieves a 22.48% return, which is significantly lower than XEG.TO's 42.67% return.

QQC.TO

1D
0.46%
1M
12.65%
YTD
22.48%
6M
18.98%
1Y
44.29%
3Y*
29.93%
5Y*
21.52%
10Y*
—

XEG.TO

1D
2.37%
1M
0.11%
YTD
42.67%
6M
41.21%
1Y
70.76%
3Y*
27.59%
5Y*
29.51%
10Y*
11.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		22.48%15.38%35.73%51.73%-28.07%25.01%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		42.67%16.72%14.08%3.52%53.25%30.31%

Correlation

The correlation between QQC.TO and XEG.TO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.16

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

0.02

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

0.09

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

0.09

The correlation between QQC.TO and XEG.TO shifts across timeframes, from -0.16 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.

QQC.TO vs. XEG.TO - Sectors Allocation Comparison

Sectors
QQC.TO
XEG.TO

Technology

53.8%

-

Communication Services

15.8%

-

Consumer Cyclical

12.3%

-

Consumer Defensive

7.7%

-

Healthcare

4.2%

-

Industrials

2.8%

-

Utilities

1.4%

-

Basic Materials

1.1%

-

Energy

0.6%
100.0%

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQC.TO
53.8%
XEG.TO

-

Communication Services

QQC.TO
15.8%
XEG.TO

-

Consumer Cyclical

QQC.TO
12.3%
XEG.TO

-

Consumer Defensive

QQC.TO
7.7%
XEG.TO

-

Healthcare

QQC.TO
4.2%
XEG.TO

-

Industrials

QQC.TO
2.8%
XEG.TO

-

Utilities

QQC.TO
1.4%
XEG.TO

-

Basic Materials

QQC.TO
1.1%
XEG.TO

-

Energy

QQC.TO
0.6%
XEG.TO
100.0%

Financial Services

QQC.TO
0.2%
XEG.TO

-

Real Estate

QQC.TO
0.1%
XEG.TO

-

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

iShares S&P/TSX Capped Energy Index 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 XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

QQC.TO vs. XEG.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: 7878
Overall Rank
QQC.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
QQC.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
QQC.TO Omega Ratio Rank: 8383
Omega Ratio Rank
QQC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
QQC.TO Martin Ratio Rank: 6565
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8787
Overall Rank
XEG.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8181
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8989
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. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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.TOXEG.TODifference

Sharpe ratio

Return per unit of total volatility

2.90

3.13

-0.23

Sortino ratio

Return per unit of downside risk

3.76

3.68

+0.08

Omega ratio

Gain probability vs. loss probability

1.51

1.49

+0.02

Calmar ratio

Return relative to maximum drawdown

3.73

6.65

-2.92

Martin ratio

Return relative to average drawdown

11.87

19.98

-8.11

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. XEG.TO - Sharpe Ratio Comparison

The current QQC.TO Sharpe Ratio is 2.90, which is comparable to the XEG.TO Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of QQC.TO and XEG.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.

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Sharpe Ratios by Period

QQC.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.90

3.13

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

1.04

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.28

+0.74

Drawdowns

QQC.TO vs. XEG.TO - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for QQC.TO and XEG.TO.

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Drawdown Indicators

QQC.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.81%

-87.74%

+55.93%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-11.12%

-1.02%

Max Drawdown (3Y)

Largest decline over 3 years

-22.59%

-25.67%

+3.08%

Max Drawdown (5Y)

Largest decline over 5 years

-31.81%

-28.42%

-3.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-79.66%

—

Current Drawdown

Current decline from peak

0.00%

-5.12%

+5.12%

Average Drawdown

Average peak-to-trough decline

-8.06%

-29.19%

+21.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

3.71%

+0.11%

Volatility

QQC.TO vs. XEG.TO - Volatility Comparison

The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 4.40%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.33%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQC.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

9.33%

-4.93%

Volatility (6M)

Calculated over the trailing 6-month period

11.59%

18.97%

-7.38%

Volatility (1Y)

Calculated over the trailing 1-year period

15.34%

22.81%

-7.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.85%

28.62%

-7.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.83%

33.41%

-12.58%

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

QQC.TO has a 0.20% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.

Dividends

QQC.TO vs. XEG.TO - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.32%, less than XEG.TO's 2.68% yield.

PositionTTM20252024202320222021202020192018201720162015
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.32%0.39%0.45%0.54%0.91%0.56%0.00%0.00%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.68%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

QQC.TO and XEG.TO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

QQC.TO is cheaper with a 0.20% expense ratio, compared with 0.61% for XEG.TO.

QQC.TO is categorized as Nasdaq-100, while XEG.TO is Energy Equities. QQC.TO tracks NASDAQ-100 Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQC.TO and 0.61% for XEG.TO.

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