QQCE.TO vs. PXC.TO
QQCE.TO (Invesco ESG NASDAQ 100 Index ETF) and PXC.TO (Invesco RAFI Canadian Index ETF) are both exchange-traded funds - QQCE.TO is a Nasdaq-100 fund tracking the NASDAQ-100 ESG Index, while PXC.TO is a Canada Equities fund tracking the RAFI Canada Index. Both are passively managed. Over the past 3 years, QQCE.TO returned 30.10%/yr vs 25.91%/yr for PXC.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
QQCE.TO vs. PXC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQCE.TO achieves a 21.09% return, which is significantly higher than PXC.TO's 17.87% return.
QQCE.TO
- 1D
- -2.85%
- 1M
- 2.63%
- YTD
- 21.09%
- 6M
- 19.96%
- 1Y
- 41.59%
- 3Y*
- 30.10%
- 5Y*
- —
- 10Y*
- —
PXC.TO
- 1D
- 0.32%
- 1M
- 0.42%
- YTD
- 17.87%
- 6M
- 13.71%
- 1Y
- 37.88%
- 3Y*
- 25.91%
- 5Y*
- 17.02%
- 10Y*
- 13.49%
QQCE.TO vs. PXC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQCE.TO Invesco ESG NASDAQ 100 Index ETF | 21.09% | 16.43% | 36.67% | 44.13% | -25.37% | 5.14% |
PXC.TO Invesco RAFI Canadian Index ETF | 17.87% | 26.50% | 19.57% | 9.28% | 1.37% | 2.61% |
Correlation
The correlation between QQCE.TO and PXC.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.18 |
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Return for Risk
QQCE.TO vs. PXC.TO — Risk / Return Rank
QQCE.TO
PXC.TO
QQCE.TO vs. PXC.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 RAFI Canadian Index ETF (PXC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQCE.TO | PXC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.72 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 8.19 | -5.00 |
| Martin ratioReturn relative to average drawdown | 9.62 | 32.63 | -23.01 |
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Drawdowns
QQCE.TO vs. PXC.TO - Drawdown Comparison
The maximum QQCE.TO drawdown since its inception was -30.86%, smaller than the maximum PXC.TO drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for QQCE.TO and PXC.TO.
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Drawdown Indicators
| QQCE.TO | PXC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -41.78% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -4.64% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -23.05% | -10.99% | -12.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.78% | — |
Current DrawdownCurrent decline from peak | -3.01% | -0.66% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -5.05% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 1.16% | +3.19% |
Volatility
QQCE.TO vs. PXC.TO - Volatility Comparison
Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) has a higher volatility of 8.70% compared to Invesco RAFI Canadian Index ETF (PXC.TO) at 3.09%. This indicates that QQCE.TO's price experiences larger fluctuations and is considered to be riskier than PXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQCE.TO | PXC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 3.09% | +5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 8.53% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 10.37% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 13.28% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 16.41% | +4.53% |
Dividends
QQCE.TO vs. PXC.TO - Dividend Comparison
QQCE.TO's dividend yield for the trailing twelve months is around 0.26%, less than PXC.TO's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXC.TO Invesco RAFI Canadian Index ETF | 2.26% | 2.65% | 3.17% | 3.48% | 3.42% | 2.58% | 3.10% | 2.92% | 2.86% | 2.23% | 2.57% | 3.13% |
QQCE.TO Invesco ESG NASDAQ 100 Index ETF | 0.26% | 0.32% | 0.38% | 0.44% | 0.79% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQCE.TO and PXC.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQCE.TO is categorized as Nasdaq-100, while PXC.TO is Canada Equities. QQCE.TO tracks NASDAQ-100 ESG Index, while PXC.TO tracks RAFI Canada Index.
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