QQC.TO vs. XIT.TO
QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) and XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) are both exchange-traded funds - QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 5 years, QQC.TO returned 21.56%/yr vs 8.31%/yr for XIT.TO. A 0.68 correlation means they provide meaningful diversification when combined. QQC.TO charges 0.20%/yr vs 0.60%/yr for XIT.TO.
Performance
QQC.TO vs. XIT.TO - Performance Comparison
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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 XIT.TO's -4.19% 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*
- —
XIT.TO
- 1D
- -3.62%
- 1M
- 5.49%
- YTD
- -4.19%
- 6M
- -5.79%
- 1Y
- 9.80%
- 3Y*
- 17.90%
- 5Y*
- 8.31%
- 10Y*
- 17.57%
QQC.TO vs. XIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 22.65% | 15.38% | 35.73% | 51.73% | -28.07% | 25.01% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -4.19% | 15.48% | 30.02% | 55.56% | -35.85% | 6.36% |
Correlation
The correlation between QQC.TO and XIT.TO is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 31, 2021 | 0.68 |
The correlation between QQC.TO and XIT.TO has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
QQC.TO vs. XIT.TO - Sectors Allocation Comparison
Sectors
QQC.TO
XIT.TO
Technology
Communication Services
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Consumer Cyclical
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Consumer Defensive
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Healthcare
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Industrials
Utilities
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Basic Materials
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Energy
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Financial Services
Real Estate
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Technology
QQC.TO
XIT.TO
Communication Services
QQC.TO
XIT.TO
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Consumer Cyclical
QQC.TO
XIT.TO
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Consumer Defensive
QQC.TO
XIT.TO
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Healthcare
QQC.TO
XIT.TO
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Industrials
QQC.TO
XIT.TO
Utilities
QQC.TO
XIT.TO
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Basic Materials
QQC.TO
XIT.TO
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Energy
QQC.TO
XIT.TO
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Financial Services
QQC.TO
XIT.TO
Real Estate
QQC.TO
XIT.TO
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Return for Risk
QQC.TO vs. XIT.TO — Risk / Return Rank
QQC.TO
XIT.TO
QQC.TO vs. XIT.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 Information Technology Index ETF (XIT.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.TO | XIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.08 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 0.31 | +3.28 |
| Martin ratioReturn relative to average drawdown | 11.38 | 0.62 | +10.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQC.TO | XIT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 0.31 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.28 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.30 | +0.72 |
Drawdowns
QQC.TO vs. XIT.TO - Drawdown Comparison
The maximum QQC.TO drawdown since its inception was -31.81%, smaller than the maximum XIT.TO drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for QQC.TO and XIT.TO.
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Drawdown Indicators
| QQC.TO | XIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.81% | -81.18% | +49.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -31.93% | +19.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.59% | -31.93% | +9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -31.81% | -54.15% | +22.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -14.47% | +14.47% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -26.86% | +18.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 15.74% | -11.92% |
Volatility
QQC.TO vs. XIT.TO - Volatility Comparison
The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 4.36%, while iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a volatility of 11.83%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than XIT.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.TO | XIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 11.83% | -7.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 24.39% | -12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 31.36% | -16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 29.37% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 26.71% | -5.89% |
QQC.TO vs. XIT.TO - Expense Ratio Comparison
QQC.TO has a 0.20% expense ratio, which is lower than XIT.TO's 0.60% expense ratio.
Dividends
QQC.TO vs. XIT.TO - Dividend Comparison
QQC.TO's dividend yield for the trailing twelve months is around 0.31%, while XIT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.29% | 0.00% | 0.13% | 0.14% | 0.08% |
Frequently Asked Questions
QQC.TO and XIT.TO have a correlation of 0.59, 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 0.60% for XIT.TO.
QQC.TO is categorized as Nasdaq-100, while XIT.TO is Technology Equities. QQC.TO tracks NASDAQ-100 Index, while XIT.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQC.TO and 0.60% for XIT.TO.
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