QQQL.TO vs. QQC-F.TO

Last updated Jun 3, 2026

QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Global X and Invesco respectively. Both are passively managed. Over the past year, QQQL.TO returned 56.27% vs 39.82% for QQC-F.TO. A 0.57 correlation means they provide meaningful diversification when combined. QQQL.TO charges 0.49%/yr vs 0.20%/yr for QQC-F.TO.

Performance

QQQL.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQL.TO achieves a 27.90% return, which is significantly higher than QQC-F.TO's 20.05% return.

QQQL.TO

• 1D: 0.19%
• 1M: 15.99%
• YTD: 27.90%
• 6M: 24.31%
• 1Y: 56.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQC-F.TO

• 1D: 0.31%
• 1M: 10.75%
• YTD: 20.05%
• 6M: 18.47%
• 1Y: 39.82%
• 3Y*: 26.65%
• 5Y*: 16.78%
• 10Y*: 20.33%

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

QQQL.TO vs. QQC-F.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	27.90%	16.16%	24.06%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	20.05%	18.41%	12.06%

Correlation

The correlation between QQQL.TO and QQC-F.TO is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since May 23, 2024	0.57

The correlation between QQQL.TO and QQC-F.TO has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

Return for Risk

QQQL.TO vs. QQC-F.TO — Risk / Return Rank

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

QQQL.TO

QQQL.TO Risk / Return Rank: 83
QQQL.TO Sharpe Ratio Rank: 88
QQQL.TO Sortino Ratio Rank: 87
QQQL.TO Omega Ratio Rank: 94
QQQL.TO Calmar Ratio Rank: 82
QQQL.TO Martin Ratio Rank: 63

QQC-F.TO

QQC-F.TO Risk / Return Rank: 69
QQC-F.TO Sharpe Ratio Rank: 76
QQC-F.TO Sortino Ratio Rank: 72
QQC-F.TO Omega Ratio Rank: 71
QQC-F.TO Calmar Ratio Rank: 62
QQC-F.TO Martin Ratio Rank: 64

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.

QQQL.TO vs. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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.

	QQQL.TO	QQC-F.TO	Difference
Sharpe ratio Return per unit of total volatility	2.99	2.52	+0.48
Sortino ratio Return per unit of downside risk	3.96	3.33	+0.63
Omega ratio Gain probability vs. loss probability	1.69	1.43	+0.25
Calmar ratio Return relative to maximum drawdown	4.41	3.12	+1.29
Martin ratio Return relative to average drawdown	11.65	11.63	+0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQL.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 2.99, which is comparable to the QQC-F.TO Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of QQQL.TO and QQC-F.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.

Sharpe Ratios by Period

	QQQL.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	2.52	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.92	+0.45

Drawdowns

QQQL.TO vs. QQC-F.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and QQC-F.TO.

Drawdown Indicators

	QQQL.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-36.03%	+8.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-13.16%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.03%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.89%	-5.50%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	3.53%	+1.27%

Volatility

QQQL.TO vs. QQC-F.TO - Volatility Comparison

Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a higher volatility of 5.63% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) at 4.48%. This indicates that QQQL.TO's price experiences larger fluctuations and is considered to be riskier than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQL.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	4.48%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	12.09%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	15.90%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	22.46%	+3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	22.55%	+3.19%

QQQL.TO vs. QQC-F.TO - Expense Ratio Comparison

QQQL.TO has a 0.49% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

Dividends

QQQL.TO vs. QQC-F.TO - Dividend Comparison

Neither QQQL.TO nor QQC-F.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.00%	0.09%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF	0.00%	0.00%	0.00%	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 QQQL.TO and QQC-F.TO in my portfolio?

QQQL.TO and QQC-F.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQL.TO or QQC-F.TO?

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQL.TO or QQC-F.TO?

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.49% for QQQL.TO.

What is the main difference between QQQL.TO and QQC-F.TO?

Both ETFs track NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.49% for QQQL.TO and 0.20% for QQC-F.TO.