QQCE.TO vs. INAI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO).

QQCE.TO and INAI.TO 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. INAI.TO is a passively managed fund by Invesco that tracks the performance of the Morningstar Global Next Gen AI Index. It was launched on Jan 18, 2024. Both QQCE.TO and INAI.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.

Performance

QQCE.TO vs. INAI.TO - 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 Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO). The values are adjusted to include any dividend payments, if applicable.

QQCE.TO vs. INAI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQCE.TO Invesco ESG NASDAQ 100 Index ETF	-5.29%	16.43%	31.65%
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF	-9.34%	30.39%	50.13%

Returns By Period

In the year-to-date period, QQCE.TO achieves a -5.29% return, which is significantly higher than INAI.TO's -9.34% return.

QQCE.TO

• 1D: 3.45%
• 1M: -2.64%
• YTD: -5.29%
• 6M: -4.07%
• 1Y: 20.65%
• 3Y*: 23.60%
• 5Y*: —
• 10Y*: —

INAI.TO

• 1D: 1.87%
• 1M: -7.50%
• YTD: -9.34%
• 6M: -9.72%
• 1Y: 33.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQCE.TO vs. INAI.TO - Expense Ratio Comparison

QQCE.TO has a 0.21% expense ratio, which is lower than INAI.TO's 0.60% expense ratio.

INAI.TO

Invesco Morningstar Global Next Gen AI Index ETF

QQCE.TO

Invesco ESG NASDAQ 100 Index ETF

Return for Risk

QQCE.TO vs. INAI.TO — 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

INAI.TO

INAI.TO Risk / Return Rank: 57
INAI.TO Sharpe Ratio Rank: 66
INAI.TO Sortino Ratio Rank: 64
INAI.TO Omega Ratio Rank: 62
INAI.TO Calmar Ratio Rank: 50
INAI.TO Martin Ratio Rank: 40

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. INAI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) and Invesco Morningstar Global Next Gen AI Index ETF (INAI.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.

	QQCE.TO	INAI.TO	Difference
Sharpe ratio Return per unit of total volatility	0.88	1.19	-0.30
Sortino ratio Return per unit of downside risk	1.37	1.65	-0.28
Omega ratio Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio Return relative to maximum drawdown	1.55	1.32	+0.23
Martin ratio Return relative to average drawdown	4.48	3.80	+0.68
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. INAI.TO - Sharpe Ratio Comparison

The current QQCE.TO Sharpe Ratio is 0.88, which is comparable to the INAI.TO Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of QQCE.TO and INAI.TO, 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	INAI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	1.19	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.11	-0.49

Correlation

The correlation between QQCE.TO and INAI.TO is 0.63, 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. INAI.TO - Dividend Comparison

QQCE.TO's dividend yield for the trailing twelve months is around 0.34%, more than INAI.TO's 0.05% 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%
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF	0.05%	0.07%	0.14%	0.00%	0.00%	0.00%

Drawdowns

QQCE.TO vs. INAI.TO - Drawdown Comparison

The maximum QQCE.TO drawdown since its inception was -30.86%, which is greater than INAI.TO's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for QQCE.TO and INAI.TO.

Drawdown Indicators

	QQCE.TO	INAI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.86%	-26.78%	-4.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.53%	-22.07%	+8.54%
Current Drawdown Current decline from peak	-10.17%	-20.61%	+10.44%
Average Drawdown Average peak-to-trough decline	-8.98%	-5.23%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	7.65%	-2.97%

Volatility

QQCE.TO vs. INAI.TO - Volatility Comparison

The current volatility for Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) is 6.66%, while Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) has a volatility of 8.38%. This indicates that QQCE.TO experiences smaller price fluctuations and is considered to be less risky than INAI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCE.TO	INAI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	8.38%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	19.12%	-5.85%
Volatility (1Y) Calculated over the trailing 1-year period	23.51%	28.26%	-4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	27.03%	-6.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.82%	27.03%	-6.21%