QQCI.TO vs. PFL.TO
QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) and PFL.TO (Invesco Canadian Government Floating Rate Index ETF) are both exchange-traded funds - QQCI.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while PFL.TO is a Canadian Government Bonds fund tracking the FTSE Canada Government Floating Rate Note Index. Both are passively managed. Over the past year, QQCI.TO returned 29.53% vs 2.67% for PFL.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
QQCI.TO vs. PFL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QQCI.TO achieves a 15.98% return, which is significantly higher than PFL.TO's 1.26% return.
QQCI.TO
- 1D
- -0.97%
- 1M
- 1.23%
- 6M
- 13.08%
- YTD
- 15.98%
- 1Y
- 29.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFL.TO
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 1.15%
- YTD
- 1.26%
- 1Y
- 2.67%
- 3Y*
- 3.72%
- 5Y*
- 3.13%
- 10Y*
- 2.15%
QQCI.TO vs. PFL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 15.98% | 12.64% | 11.81% |
PFL.TO Invesco Canadian Government Floating Rate Index ETF | 1.26% | 3.00% | 1.49% |
Correlation
The correlation between QQCI.TO and PFL.TO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | 0.01 |
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Return for Risk
QQCI.TO vs. PFL.TO — Risk / Return Rank
QQCI.TO
PFL.TO
QQCI.TO vs. PFL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) and Invesco Canadian Government Floating Rate Index ETF (PFL.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.
| QQCI.TO | PFL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.77 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 17.43 | -13.54 |
| Martin ratioReturn relative to average drawdown | 13.21 | 56.45 | -43.24 |
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Drawdowns
QQCI.TO vs. PFL.TO - Drawdown Comparison
The maximum QQCI.TO drawdown since its inception was -18.95%, which is greater than PFL.TO's maximum drawdown of -2.07%. Use the drawdown chart below to compare losses from any high point for QQCI.TO and PFL.TO.
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Drawdown Indicators
| QQCI.TO | PFL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.95% | -2.07% | -16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -0.15% | -7.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.07% | — |
Current DrawdownCurrent decline from peak | -2.49% | 0.00% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -0.08% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.05% | +2.19% |
Volatility
QQCI.TO vs. PFL.TO - Volatility Comparison
Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) has a higher volatility of 5.78% compared to Invesco Canadian Government Floating Rate Index ETF (PFL.TO) at 0.27%. This indicates that QQCI.TO's price experiences larger fluctuations and is considered to be riskier than PFL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQCI.TO | PFL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 0.27% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 0.56% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 0.82% | +13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 0.97% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 1.33% | +14.52% |
Dividends
QQCI.TO vs. PFL.TO - Dividend Comparison
QQCI.TO's dividend yield for the trailing twelve months is around 8.82%, more than PFL.TO's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFL.TO Invesco Canadian Government Floating Rate Index ETF | 2.63% | 2.95% | 5.23% | 5.13% | 2.22% | 0.36% | 1.21% | 2.10% | 1.59% | 0.95% | 0.81% | 0.95% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 8.82% | 9.34% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQCI.TO and PFL.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQCI.TO is categorized as Nasdaq-100, while PFL.TO is Canadian Government Bonds. QQCI.TO tracks NASDAQ-100 Index, while PFL.TO tracks FTSE Canada Government Floating Rate Note Index.
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