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QQQ vs. XEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. XEQT.TO

Last updated Jun 24, 2026

QQQ (Invesco QQQ ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XEQT.TO is a Global Equities fund actively managed by iShares. QQQ is passively managed, while XEQT.TO is actively managed. Over the past 5 years, QQQ returned 16.01%/yr vs 10.45%/yr for XEQT.TO. A 0.68 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.20%/yr for XEQT.TO.

Performance

QQQ vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQQ is traded in USD, while XEQT.TO is traded in CAD. To make them comparable, the XEQT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQ achieves a 16.45% return, which is significantly higher than XEQT.TO's 9.17% return.

QQQ

1D
-3.29%
1M
-0.43%
YTD
16.45%
6M
14.99%
1Y
34.88%
3Y*
26.05%
5Y*
16.01%
10Y*
22.07%

XEQT.TO

1D
-1.08%
1M
-0.62%
YTD
9.17%
6M
9.01%
1Y
26.31%
3Y*
19.98%
5Y*
10.45%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QQQ
Invesco QQQ ETF		16.45%20.77%25.58%54.86%-32.58%27.42%48.62%13.33%
XEQT.TO
iShares Core Equity ETF Portfolio		9.22%26.34%14.67%20.13%-16.29%19.04%14.57%9.82%

Correlation

The correlation between QQQ and XEQT.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Aug 14, 2019

0.68

The correlation between QQQ and XEQT.TO has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

QQQ vs. XEQT.TO - Sectors Allocation Comparison

Sectors
QQQ
XEQT.TO

Technology

58.7%
19.2%

Communication Services

14.3%
5.0%

Consumer Cyclical

11.4%
6.2%

Consumer Defensive

6.4%
3.6%

Healthcare

3.7%
3.8%

Industrials

2.6%
9.9%

Utilities

1.2%
2.8%

Basic Materials

1.0%
10.4%

Energy

0.5%
11.9%

Financial Services

0.2%
25.5%

Real Estate

0.1%
1.9%

Technology

QQQ
58.7%
XEQT.TO
19.2%

Communication Services

QQQ
14.3%
XEQT.TO
5.0%

Consumer Cyclical

QQQ
11.4%
XEQT.TO
6.2%

Consumer Defensive

QQQ
6.4%
XEQT.TO
3.6%

Healthcare

QQQ
3.7%
XEQT.TO
3.8%

Industrials

QQQ
2.6%
XEQT.TO
9.9%

Utilities

QQQ
1.2%
XEQT.TO
2.8%

Basic Materials

QQQ
1.0%
XEQT.TO
10.4%

Energy

QQQ
0.5%
XEQT.TO
11.9%

Financial Services

QQQ
0.2%
XEQT.TO
25.5%

Real Estate

QQQ
0.1%
XEQT.TO
1.9%

Compare stocks, funds, or ETFs

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Invesco QQQ ETF

iShares Core Equity ETF Portfolio

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

QQQ vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 5959
Overall Rank
QQQ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5858
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6262
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 8080
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8181
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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.

QQQ vs. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares Core Equity ETF Portfolio (XEQT.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.

QQQXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.95
2.01

-0.06

Sortino ratioReturn per unit of downside risk
2.57
2.78

-0.21

Omega ratioGain probability vs. loss probability

1.35

1.37

-0.03

Calmar ratioReturn relative to maximum drawdown

2.93

2.89

+0.04

Martin ratioReturn relative to average drawdown

10.86

12.43

-1.56

QQQ vs. XEQT.TO - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 1.95, which is comparable to the XEQT.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of QQQ and XEQT.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.

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Drawdowns

QQQ vs. XEQT.TO - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than XEQT.TO's maximum drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for QQQ and XEQT.TO.

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Drawdown Indicators

QQQXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-35.81%

-47.16%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-9.15%

-2.81%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-15.08%

-7.69%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-26.23%

-8.89%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

—

—

Current Drawdown

Current decline from peak

-4.25%

-2.30%

-1.95%

Average Drawdown

Average peak-to-trough decline

-32.73%

-5.75%

-26.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

2.12%

+1.10%

Volatility

QQQ vs. XEQT.TO - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 9.17% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 4.59%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.17%

4.59%

+4.58%

Volatility (6M)

Calculated over the trailing 6-month period

14.57%

10.53%

+4.04%

Volatility (1Y)

Calculated over the trailing 1-year period

17.96%

13.14%

+4.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.69%

14.59%

+8.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.42%

16.79%

+5.63%

QQQ vs. XEQT.TO - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than XEQT.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQ vs. XEQT.TO - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.43%, less than XEQT.TO's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.43%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.03%2.09%2.14%1.66%1.69%1.21%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQQ and XEQT.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for XEQT.TO.

QQQ is categorized as Nasdaq-100, while XEQT.TO is Global Equities. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for QQQ and 0.20% for XEQT.TO.

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