QQCI.TO vs. ZPAY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) and BMO Premium Yield ETF (ZPAY.TO).

QQCI.TO and ZPAY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQCI.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Nov 6, 2025. ZPAY.TO is an actively managed fund by BMO. It was launched on Jan 15, 2020.

Performance

QQCI.TO vs. ZPAY.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 BMO Premium Yield ETF (ZPAY.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	-2.67%	12.64%	11.70%
ZPAY.TO BMO Premium Yield ETF	-1.67%	2.61%	6.84%

Returns By Period

In the year-to-date period, QQCI.TO achieves a -2.67% return, which is significantly lower than ZPAY.TO's -1.67% return.

QQCI.TO

• 1D: 2.68%
• 1M: -1.51%
• YTD: -2.67%
• 6M: 0.24%
• 1Y: 18.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZPAY.TO

• 1D: 1.66%
• 1M: -1.22%
• YTD: -1.67%
• 6M: -3.01%
• 1Y: 1.48%
• 3Y*: 8.14%
• 5Y*: 6.84%
• 10Y*: —

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

QQCI.TO vs. ZPAY.TO - Expense Ratio Comparison

ZPAY.TO

BMO Premium Yield ETF

Return for Risk

QQCI.TO vs. ZPAY.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: 61
QQCI.TO Sharpe Ratio Rank: 63
QQCI.TO Sortino Ratio Rank: 59
QQCI.TO Omega Ratio Rank: 60
QQCI.TO Calmar Ratio Rank: 63
QQCI.TO Martin Ratio Rank: 59

ZPAY.TO

ZPAY.TO Risk / Return Rank: 16
ZPAY.TO Sharpe Ratio Rank: 15
ZPAY.TO Sortino Ratio Rank: 14
ZPAY.TO Omega Ratio Rank: 15
ZPAY.TO Calmar Ratio Rank: 18
ZPAY.TO Martin Ratio Rank: 17

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. ZPAY.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 BMO Premium Yield ETF (ZPAY.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.

	QQCI.TO	ZPAY.TO	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.12	+1.00
Sortino ratio Return per unit of downside risk	1.54	0.25	+1.29
Omega ratio Gain probability vs. loss probability	1.23	1.04	+0.19
Calmar ratio Return relative to maximum drawdown	1.62	0.26	+1.36
Martin ratio Return relative to average drawdown	5.92	0.71	+5.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QQCI.TO Sharpe Ratio is 1.12, which is higher than the ZPAY.TO Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of QQCI.TO and ZPAY.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

	QQCI.TO	ZPAY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.12	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.53	+0.32

Correlation

The correlation between QQCI.TO and ZPAY.TO is 0.59, 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

QQCI.TO vs. ZPAY.TO - Dividend Comparison

QQCI.TO's dividend yield for the trailing twelve months is around 9.81%, more than ZPAY.TO's 7.82% yield.

	TTM	2025	2024	2023	2022	2021	2020
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	9.81%	9.34%	3.17%	0.00%	0.00%	0.00%	0.00%
ZPAY.TO BMO Premium Yield ETF	7.82%	7.46%	5.81%	6.40%	7.00%	6.10%	5.42%

Drawdowns

QQCI.TO vs. ZPAY.TO - Drawdown Comparison

The maximum QQCI.TO drawdown since its inception was -18.95%, which is greater than ZPAY.TO's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for QQCI.TO and ZPAY.TO.

Drawdown Indicators

	QQCI.TO	ZPAY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.95%	-14.89%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-8.88%	-1.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.76%	—
Current Drawdown Current decline from peak	-5.14%	-5.80%	+0.66%
Average Drawdown Average peak-to-trough decline	-3.37%	-2.66%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.32%	-0.37%

Volatility

QQCI.TO vs. ZPAY.TO - Volatility Comparison

Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) has a higher volatility of 4.86% compared to BMO Premium Yield ETF (ZPAY.TO) at 3.13%. This indicates that QQCI.TO's price experiences larger fluctuations and is considered to be riskier than ZPAY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQCI.TO	ZPAY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	3.13%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	6.71%	+4.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.42%	12.63%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	10.48%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.77%	31.16%	-15.39%