QQCI.TO vs. PZW.TO

Last updated Jun 24, 2026

QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) and PZW.TO (Invesco FTSE RAFI Global Small-Mid ETF) are both exchange-traded funds - QQCI.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while PZW.TO is a Global Equities fund tracking the 50% FTSE RAFI Developed ex US Mid-Small 1500 Index / 50% FTSE RAFI US 1500 Mid-Small Index. Both are passively managed. Over the past year, QQCI.TO returned 33.58% vs 34.57% for PZW.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

QQCI.TO vs. PZW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) and Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QQCI.TO having a 16.10% return and PZW.TO slightly higher at 16.48%.

QQCI.TO

• 1D: -1.72%
• 1M: 2.76%
• YTD: 16.10%
• 6M: 15.73%
• 1Y: 33.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PZW.TO

• 1D: 1.10%
• 1M: 4.21%
• YTD: 16.48%
• 6M: 15.19%
• 1Y: 34.57%
• 3Y*: 20.29%
• 5Y*: 10.96%
• 10Y*: 11.63%

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

QQCI.TO vs. PZW.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	16.10%	12.64%	11.81%
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF	16.48%	18.48%	5.62%

Correlation

The correlation between QQCI.TO and PZW.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024	0.28

QQCI.TO vs. PZW.TO - Sectors Allocation Comparison

Sectors	QQCI.TO	PZW.TO
Technology	59.6%	12.2%
Communication Services	14.0%	3.8%
Consumer Cyclical	11.1%	12.1%
Consumer Defensive	6.3%	4.6%
Healthcare	3.6%	12.7%
Industrials	2.6%	19.2%
Utilities	1.1%	2.3%
Basic Materials	1.0%	7.0%
Energy	0.5%	4.1%
Financial Services	0.2%	13.3%
Real Estate	0.1%	8.8%

Return for Risk

QQCI.TO vs. PZW.TO — Risk / Return Rank

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

QQCI.TO

QQCI.TO Risk / Return Rank: 82
QQCI.TO Sharpe Ratio Rank: 82
QQCI.TO Sortino Ratio Rank: 80
QQCI.TO Omega Ratio Rank: 81
QQCI.TO Calmar Ratio Rank: 86
QQCI.TO Martin Ratio Rank: 82

PZW.TO

PZW.TO Risk / Return Rank: 85
PZW.TO Sharpe Ratio Rank: 84
PZW.TO Sortino Ratio Rank: 88
PZW.TO Omega Ratio Rank: 86
PZW.TO Calmar Ratio Rank: 84
PZW.TO Martin Ratio Rank: 81

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.

QQCI.TO vs. PZW.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 FTSE RAFI Global Small-Mid ETF (PZW.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	PZW.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.44	0.00
Sortino ratio: Return per unit of downside risk	3.26	3.57	-0.31
Omega ratio: Gain probability vs. loss probability	1.44	1.48	-0.03
Calmar ratio: Return relative to maximum drawdown	4.43	4.07	+0.36
Martin ratio: Return relative to average drawdown	15.35	14.54	+0.81

QQCI.TO vs. PZW.TO - Sharpe Ratio Comparison

The current QQCI.TO Sharpe Ratio is 2.44, which is comparable to the PZW.TO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of QQCI.TO and PZW.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQCI.TO vs. PZW.TO - Drawdown Comparison

The maximum QQCI.TO drawdown since its inception was -18.95%, smaller than the maximum PZW.TO drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for QQCI.TO and PZW.TO.

Drawdown Indicators

	QQCI.TO	PZW.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.95%	-32.45%	+13.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-8.50%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.45%	—
Current Drawdown Current decline from peak	-1.80%	0.00%	-1.80%
Average Drawdown Average peak-to-trough decline	-3.05%	-5.73%	+2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.38%	-0.19%

Volatility

QQCI.TO vs. PZW.TO - Volatility Comparison

Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) has a higher volatility of 5.26% compared to Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO) at 3.07%. This indicates that QQCI.TO's price experiences larger fluctuations and is considered to be riskier than PZW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCI.TO	PZW.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	3.07%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	10.46%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	14.19%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	14.66%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	15.94%	-0.19%

Dividends

QQCI.TO vs. PZW.TO - Dividend Comparison

QQCI.TO's dividend yield for the trailing twelve months is around 8.60%, more than PZW.TO's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF	1.67%	1.97%	2.12%	3.23%	1.90%	1.93%	1.52%	2.26%	1.78%	1.57%	1.09%	0.96%
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	8.60%	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

Can I hold both QQCI.TO and PZW.TO in my portfolio?

QQCI.TO and PZW.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between QQCI.TO and PZW.TO?

QQCI.TO is categorized as Nasdaq-100, while PZW.TO is Global Equities. QQCI.TO tracks NASDAQ-100 Index, while PZW.TO tracks 50% FTSE RAFI Developed ex US Mid-Small 1500 Index / 50% FTSE RAFI US 1500 Mid-Small Index.