QQCE.TO vs. FCMO.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Fidelity US Momentum ETF (FCMO.NEO).

QQCE.TO and FCMO.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQCE.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 ESG Index. It was launched on Nov 15, 2021. FCMO.NEO is a passively managed fund by Fidelity that tracks the performance of the Fidelity Canada U.S. Momentum Index. It was launched on Jun 5, 2020. Both QQCE.TO and FCMO.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QQCE.TO vs. FCMO.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Fidelity US Momentum ETF (FCMO.NEO). The values are adjusted to include any dividend payments, if applicable.

QQCE.TO vs. FCMO.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	-5.29%	16.43%	21.35%
FCMO.NEO Fidelity US Momentum ETF	0.94%	14.07%	26.59%

Returns By Period

In the year-to-date period, QQCE.TO achieves a -5.29% return, which is significantly lower than FCMO.NEO's 0.94% return.

QQCE.TO

• 1D: 3.45%
• 1M: -2.86%
• YTD: -5.29%
• 6M: -4.78%
• 1Y: 20.39%
• 3Y*: 23.60%
• 5Y*: —
• 10Y*: —

FCMO.NEO

• 1D: 1.46%
• 1M: -4.10%
• YTD: 0.94%
• 6M: -0.31%
• 1Y: 19.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQCE.TO vs. FCMO.NEO - Expense Ratio Comparison

QQCE.TO has a 0.21% expense ratio, which is lower than FCMO.NEO's 0.38% expense ratio.

FCMO.NEO

Fidelity US Momentum ETF

QQCE.TO

Invesco ESG NASDAQ 100 Index ETF

Return for Risk

QQCE.TO vs. FCMO.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQCE.TO

QQCE.TO Risk / Return Rank: 50
QQCE.TO Sharpe Ratio Rank: 46
QQCE.TO Sortino Ratio Rank: 49
QQCE.TO Omega Ratio Rank: 52
QQCE.TO Calmar Ratio Rank: 59
QQCE.TO Martin Ratio Rank: 46

FCMO.NEO

FCMO.NEO Risk / Return Rank: 45
FCMO.NEO Sharpe Ratio Rank: 41
FCMO.NEO Sortino Ratio Rank: 42
FCMO.NEO Omega Ratio Rank: 44
FCMO.NEO Calmar Ratio Rank: 51
FCMO.NEO Martin Ratio Rank: 48

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.

QQCE.TO vs. FCMO.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Fidelity US Momentum ETF (FCMO.NEO). 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.

	QQCE.TO	FCMO.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.81	+0.07
Sortino ratio Return per unit of downside risk	1.37	1.26	+0.11
Omega ratio Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio Return relative to maximum drawdown	1.55	1.45	+0.10
Martin ratio Return relative to average drawdown	4.48	5.08	-0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQCE.TO vs. FCMO.NEO - Sharpe Ratio Comparison

The current QQCE.TO Sharpe Ratio is 0.88, which is comparable to the FCMO.NEO Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of QQCE.TO and FCMO.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQCE.TO	FCMO.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.81	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.01	-0.39

Correlation

The correlation between QQCE.TO and FCMO.NEO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQCE.TO vs. FCMO.NEO - Dividend Comparison

QQCE.TO's dividend yield for the trailing twelve months is around 0.34%, less than FCMO.NEO's 0.36% yield.

	TTM	2025	2024	2023	2022	2021
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	0.34%	0.32%	0.38%	0.44%	0.79%	0.14%
FCMO.NEO Fidelity US Momentum ETF	0.36%	0.36%	0.25%	0.00%	0.00%	0.00%

Drawdowns

QQCE.TO vs. FCMO.NEO - Drawdown Comparison

The maximum QQCE.TO drawdown since its inception was -30.86%, which is greater than FCMO.NEO's maximum drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for QQCE.TO and FCMO.NEO.

Drawdown Indicators

	QQCE.TO	FCMO.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-30.86%	-21.77%	-9.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-13.90%	+0.37%
Current Drawdown Current decline from peak	-10.17%	-5.35%	-4.82%
Average Drawdown Average peak-to-trough decline	-8.98%	-3.12%	-5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	3.97%	+0.71%

Volatility

QQCE.TO vs. FCMO.NEO - Volatility Comparison

The current volatility for Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) is 6.66%, while Fidelity US Momentum ETF (FCMO.NEO) has a volatility of 8.84%. This indicates that QQCE.TO experiences smaller price fluctuations and is considered to be less risky than FCMO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCE.TO	FCMO.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	8.84%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	14.74%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	23.51%	24.21%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	20.68%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.82%	20.68%	+0.14%