QQC.TO vs. XQQ.TO
Compare and contrast key facts about Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO).
QQC.TO and XQQ.TO 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. XQQ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 3, 2011. Both QQC.TO and XQQ.TO 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 XQQ.TO.
Key characteristics
| QQC.TO | XQQ.TO | |
|---|---|---|
| YTD Return | 18.42% | 14.53% |
| 1Y Return | 29.60% | 26.21% |
| 3Y Return (Ann) | 11.07% | 5.89% |
| Sharpe Ratio | 1.70 | 1.46 |
| Daily Std Dev | 16.84% | 17.82% |
| Max Drawdown | -31.81% | -100.00% |
| Current Drawdown | -6.33% | -99.99% |
Correlation
The correlation between QQC.TO and XQQ.TO is 0.93, 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. XQQ.TO - Performance Comparison
In the year-to-date period, QQC.TO achieves a 18.42% return, which is significantly higher than XQQ.TO's 14.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQC.TO vs. XQQ.TO - Expense Ratio Comparison
QQC.TO has a 0.20% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.
Risk-Adjusted Performance
QQC.TO vs. XQQ.TO - 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 iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.
Dividends
QQC.TO vs. XQQ.TO - Dividend Comparison
QQC.TO's dividend yield for the trailing twelve months is around 0.52%, more than XQQ.TO's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.52% | 0.54% | 0.91% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.33% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% | 1.30% | 1.10% |
Drawdowns
QQC.TO vs. XQQ.TO - Drawdown Comparison
The maximum QQC.TO drawdown since its inception was -31.81%, smaller than the maximum XQQ.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QQC.TO and XQQ.TO. For additional features, visit the drawdowns tool.
Volatility
QQC.TO vs. XQQ.TO - Volatility Comparison
The current volatility for Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) is 5.92%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 6.82%. This indicates that QQC.TO experiences smaller price fluctuations and is considered to be less risky than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.