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

QQC.TO vs. XFH.TO

Last updated Jun 4, 2026

QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) are both exchange-traded funds - QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XFH.TO is a Global Equities fund tracking the Morningstar DM xNA GR CAD. Both are passively managed. Over the past 5 years, QQC.TO returned 21.56%/yr vs 10.16%/yr for XFH.TO. A 0.62 correlation means they provide meaningful diversification when combined. QQC.TO charges 0.20%/yr vs 0.22%/yr for XFH.TO.

Performance

QQC.TO vs. XFH.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 Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.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 22.65% return, which is significantly higher than XFH.TO's 9.22% 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*
—

XFH.TO

1D
-0.46%
1M
4.38%
YTD
9.22%
6M
11.32%
1Y
22.60%
3Y*
16.07%
5Y*
10.16%
10Y*
10.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQC.TO vs. XFH.TO - 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%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		9.22%21.68%11.68%18.28%-6.60%-0.07%

Correlation

The correlation between QQC.TO and XFH.TO is 0.63, 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

0.63

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

0.59

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

0.62

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

0.62

The correlation between QQC.TO and XFH.TO has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

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

Sectors
QQC.TO
XFH.TO

Technology

53.8%
10.2%

Communication Services

15.8%
4.5%

Consumer Cyclical

12.3%
8.2%

Consumer Defensive

7.7%
6.4%

Healthcare

4.2%
9.8%

Industrials

2.8%
20.5%

Utilities

1.4%
3.8%

Basic Materials

1.1%
6.6%

Energy

0.6%
4.0%

Financial Services

0.2%
22.9%

Real Estate

0.1%
3.1%

Technology

QQC.TO
53.8%
XFH.TO
10.2%

Communication Services

QQC.TO
15.8%
XFH.TO
4.5%

Consumer Cyclical

QQC.TO
12.3%
XFH.TO
8.2%

Consumer Defensive

QQC.TO
7.7%
XFH.TO
6.4%

Healthcare

QQC.TO
4.2%
XFH.TO
9.8%

Industrials

QQC.TO
2.8%
XFH.TO
20.5%

Utilities

QQC.TO
1.4%
XFH.TO
3.8%

Basic Materials

QQC.TO
1.1%
XFH.TO
6.6%

Energy

QQC.TO
0.6%
XFH.TO
4.0%

Financial Services

QQC.TO
0.2%
XFH.TO
22.9%

Real Estate

QQC.TO
0.1%
XFH.TO
3.1%

Compare stocks, funds, or ETFs

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Invesco NASDAQ 100 Index ETF CAD Hedged

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)

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 XFH.TO:
XFH.TO vs. XEF.TOXFH.TO vs. XIN.TOXFH.TO vs. XLCXFH.TO vs. VIU.TOXFH.TO vs. VEQT.TOXFH.TO vs. VOOXFH.TO vs. HEFA

Return for Risk

QQC.TO vs. XFH.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: 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
XFH.TO
XFH.TO Risk / Return Rank: 5454
Overall Rank
XFH.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XFH.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
XFH.TO Omega Ratio Rank: 5757
Omega Ratio Rank
XFH.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XFH.TO Martin Ratio Rank: 5555
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. XFH.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 Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.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.TOXFH.TODifference
Sharpe ratioReturn per unit of total volatility
2.84
1.89

+0.95

Sortino ratioReturn per unit of downside risk
3.69
2.71

+0.98

Omega ratioGain probability vs. loss probability

1.50

1.36

+0.14

Calmar ratioReturn relative to maximum drawdown

3.59

2.36

+1.23

Martin ratioReturn relative to average drawdown

11.38

9.71

+1.67

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. XFH.TO - Sharpe Ratio Comparison

The current QQC.TO Sharpe Ratio is 2.84, which is higher than the XFH.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of QQC.TO and XFH.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.TOXFH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.84

1.89

+0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.73

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.63

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.50

+0.52

Drawdowns

QQC.TO vs. XFH.TO - Drawdown Comparison

The maximum QQC.TO drawdown since its inception was -31.81%, smaller than the maximum XFH.TO drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for QQC.TO and XFH.TO.

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Drawdown Indicators

QQC.TOXFH.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.81%

-33.85%

+2.04%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-9.63%

-2.51%

Max Drawdown (3Y)

Largest decline over 3 years

-22.59%

-14.14%

-8.45%

Max Drawdown (5Y)

Largest decline over 5 years

-31.81%

-20.59%

-11.22%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.85%

—

Current Drawdown

Current decline from peak

0.00%

-1.29%

+1.29%

Average Drawdown

Average peak-to-trough decline

-8.06%

-5.61%

-2.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

2.33%

+1.49%

Volatility

QQC.TO vs. XFH.TO - Volatility Comparison

Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a higher volatility of 4.36% compared to iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) at 4.08%. This indicates that QQC.TO's price experiences larger fluctuations and is considered to be riskier than XFH.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.TOXFH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

4.08%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

11.58%

9.85%

+1.73%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

12.00%

+3.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.85%

14.03%

+6.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.82%

16.16%

+4.66%

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

QQC.TO has a 0.20% expense ratio, which is lower than XFH.TO's 0.22% expense ratio. Despite the difference, 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. XFH.TO - Dividend Comparison

QQC.TO's dividend yield for the trailing twelve months is around 0.31%, less than XFH.TO's 1.98% 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%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		1.98%2.16%2.47%2.91%2.91%2.29%1.73%2.43%2.66%2.11%2.03%2.45%

Frequently Asked Questions

QQC.TO and XFH.TO have a correlation of 0.63, 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 0.22% for XFH.TO.

QQC.TO is categorized as Nasdaq-100, while XFH.TO is Global Equities. QQC.TO tracks NASDAQ-100 Index, while XFH.TO tracks Morningstar DM xNA GR CAD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQC.TO and 0.22% for XFH.TO.

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