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

QQQ vs. XIU.TO

Last updated Jun 9, 2026

QQQ (Invesco QQQ ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, QQQ returned 21.59%/yr vs 11.74%/yr for XIU.TO. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

QQQ vs. XIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and iShares S&P/TSX 60 Index ETF (XIU.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 XIU.TO is traded in CAD. To make them comparable, the XIU.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 16.71% return, which is significantly higher than XIU.TO's 7.79% return. Over the past 10 years, QQQ has outperformed XIU.TO with an annualized return of 21.59%, while XIU.TO has yielded a comparatively lower 11.74% annualized return.

QQQ

1D
1.56%
1M
0.68%
YTD
16.71%
6M
15.00%
1Y
35.78%
3Y*
27.15%
5Y*
16.98%
10Y*
21.59%

XIU.TO

1D
0.04%
1M
0.31%
YTD
7.79%
6M
10.88%
1Y
28.64%
3Y*
20.84%
5Y*
11.17%
10Y*
11.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. XIU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		16.71%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
XIU.TO
iShares S&P/TSX 60 Index ETF		7.79%35.06%11.31%14.58%-11.93%28.12%7.83%27.04%-14.97%17.54%

Correlation

The correlation between QQQ and XIU.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.51

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

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2006

0.54

The correlation between QQQ and XIU.TO has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

QQQ vs. XIU.TO - Sectors Allocation Comparison

Sectors
QQQ
XIU.TO

Technology

53.8%
8.8%

Communication Services

15.8%
2.0%

Consumer Cyclical

12.3%
4.1%

Consumer Defensive

7.7%
3.2%

Healthcare

4.2%

-

Industrials

2.8%
7.9%

Utilities

1.4%
2.6%

Basic Materials

1.1%
13.3%

Energy

0.6%
18.6%

Financial Services

0.2%
39.4%

Real Estate

0.1%
0.2%

Technology

QQQ
53.8%
XIU.TO
8.8%

Communication Services

QQQ
15.8%
XIU.TO
2.0%

Consumer Cyclical

QQQ
12.3%
XIU.TO
4.1%

Consumer Defensive

QQQ
7.7%
XIU.TO
3.2%

Healthcare

QQQ
4.2%
XIU.TO

-

Industrials

QQQ
2.8%
XIU.TO
7.9%

Utilities

QQQ
1.4%
XIU.TO
2.6%

Basic Materials

QQQ
1.1%
XIU.TO
13.3%

Energy

QQQ
0.6%
XIU.TO
18.6%

Financial Services

QQQ
0.2%
XIU.TO
39.4%

Real Estate

QQQ
0.1%
XIU.TO
0.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

iShares S&P/TSX 60 Index ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO

Return for Risk

QQQ vs. XIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 6969
Overall Rank
QQQ Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 6767
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7070
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6666
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6868
Martin Ratio Rank
XIU.TO
XIU.TO Risk / Return Rank: 8686
Overall Rank
XIU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
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. XIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares S&P/TSX 60 Index ETF (XIU.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.

QQQXIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.15
2.25

-0.10

Sortino ratioReturn per unit of downside risk
2.77
3.03

-0.26

Omega ratioGain probability vs. loss probability

1.38

1.40

-0.02

Calmar ratioReturn relative to maximum drawdown

3.00

3.55

-0.55

Martin ratioReturn relative to average drawdown

11.43

15.31

-3.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. XIU.TO - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.15, which is comparable to the XIU.TO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of QQQ and XIU.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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Sharpe Ratios by Period

QQQXIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

2.25

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.78

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.72

+0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.39

+0.01

Drawdowns

QQQ vs. XIU.TO - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than XIU.TO's maximum drawdown of -59.23%. Use the drawdown chart below to compare losses from any high point for QQQ and XIU.TO.

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Drawdown Indicators

QQQXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-59.23%

-23.74%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-8.10%

-3.86%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-12.38%

-10.39%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-24.07%

-11.05%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-40.99%

+5.87%

Current Drawdown

Current decline from peak

-4.03%

-1.98%

-2.05%

Average Drawdown

Average peak-to-trough decline

-32.77%

-10.95%

-21.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

1.88%

+1.26%

Volatility

QQQ vs. XIU.TO - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 6.84% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.91%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.84%

3.91%

+2.93%

Volatility (6M)

Calculated over the trailing 6-month period

13.20%

9.99%

+3.21%

Volatility (1Y)

Calculated over the trailing 1-year period

16.74%

12.80%

+3.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.49%

14.47%

+8.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.36%

16.46%

+5.90%

QQQ vs. XIU.TO - Expense Ratio Comparison

Both QQQ and XIU.TO have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

QQQ vs. XIU.TO - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than XIU.TO's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.21%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

QQQ and XIU.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

QQQ and XIU.TO have the same expense ratio: 0.18% per year.

QQQ is categorized as Nasdaq-100, while XIU.TO is Canada Equities. QQQ tracks NASDAQ-100 Index, while XIU.TO tracks S&P/TSX 60 Index. They also come from different issuers: Invesco and iShares.

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