QQQ vs. XSB.TO
QQQ (Invesco QQQ ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, QQQ returned 21.79%/yr vs 1.10%/yr for XSB.TO. At a 0.08 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.10%/yr for XSB.TO.
Performance
QQQ vs. XSB.TO - Performance Comparison
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Different Trading Currencies
QQQ is traded in USD, while XSB.TO is traded in CAD. To make them comparable, the XSB.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 17.57% return, which is significantly higher than XSB.TO's -0.83% return. Over the past 10 years, QQQ has outperformed XSB.TO with an annualized return of 21.79%, while XSB.TO has yielded a comparatively lower 1.10% annualized return.
QQQ
- 1D
- 0.59%
- 1M
- 1.75%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
XSB.TO
- 1D
- -0.18%
- 1M
- -0.72%
- YTD
- -0.83%
- 6M
- -0.03%
- 1Y
- 0.52%
- 3Y*
- 3.42%
- 5Y*
- -0.85%
- 10Y*
- 1.10%
QQQ vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | -0.83% | 8.66% | -2.39% | 7.22% | -9.76% | -1.06% | 7.75% | 7.64% | -6.28% | 7.40% |
Correlation
The correlation between QQQ and XSB.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.08 |
The correlation between QQQ and XSB.TO shifts across timeframes, from 0.04 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QQQ vs. XSB.TO — Risk / Return Rank
QQQ
XSB.TO
QQQ vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.
| QQQ | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.28 | +2.73 |
| Martin ratioReturn relative to average drawdown | 11.22 | 0.67 | +10.55 |
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Drawdowns
QQQ vs. XSB.TO - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than XSB.TO's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for QQQ and XSB.TO.
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Drawdown Indicators
| QQQ | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -28.27% | -54.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -3.40% | -8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -7.05% | -15.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -17.37% | -17.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -18.49% | -16.63% |
Current DrawdownCurrent decline from peak | -3.33% | -8.46% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -11.08% | -21.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.43% | +1.77% |
Volatility
QQQ vs. XSB.TO - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 1.18%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 1.18% | +6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 3.67% | +10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 4.74% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 6.84% | +15.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 7.24% | +15.14% |
QQQ vs. XSB.TO - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is higher than XSB.TO's 0.10% expense ratio. However, 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. XSB.TO - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, less than XSB.TO's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
QQQ and XSB.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.18% for QQQ.
QQQ is categorized as Nasdaq-100, while XSB.TO is Canadian Government Bonds. QQQ tracks NASDAQ-100 Index, while XSB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for QQQ and 0.10% for XSB.TO.
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