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QQQL.TO vs. XIT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQQL.TO vs. XIT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) and iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO).

QQQL.TO and XIT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQL.TO is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Index. It was launched on May 21, 2024. XIT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Mar 19, 2001. Both QQQL.TO and XIT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QQQL.TO vs. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO). The values are adjusted to include any dividend payments, if applicable.

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QQQL.TO vs. XIT.TO - Yearly Performance Comparison

2026 (YTD)20252024
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF		-6.40%16.16%24.06%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		-19.62%15.48%33.11%

Returns By Period

In the year-to-date period, QQQL.TO achieves a -6.40% return, which is significantly higher than XIT.TO's -19.62% return.

QQQL.TO

1D
-1.82%
1M
-6.04%
YTD
-6.40%
6M
-4.71%
1Y
25.10%
3Y*
—
5Y*
—
10Y*
—

XIT.TO

1D
4.61%
1M
0.17%
YTD
-19.62%
6M
-19.16%
1Y
0.99%
3Y*
15.01%
5Y*
4.93%
10Y*
15.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Global X Enhanced Nasdaq-100 Index ETF

iShares S&P/TSX Capped Information Technology Index ETF

Often compared with QQQL.TO:
QQQL.TO vs. OOQBQQQL.TO vs. QQQMQQQL.TO vs. SMHQQQL.TO vs. GPIQQQQL.TO vs. QQCL.TOQQQL.TO vs. HXQ.TOQQQL.TO vs. QQC.TO
Often compared with XIT.TO:
XIT.TO vs. XIU.TOXIT.TO vs. VGTXIT.TO vs. XQQ.TOXIT.TO vs. SPYXIT.TO vs. XUS.TOXIT.TO vs. QQQXIT.TO vs. XUU.TO

QQQL.TO vs. XIT.TO - Expense Ratio Comparison

QQQL.TO has a 1.60% expense ratio, which is higher than XIT.TO's 0.60% expense ratio.

QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF

Return for Risk

QQQL.TO vs. XIT.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: 5555
Overall Rank
QQQL.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
QQQL.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
QQQL.TO Omega Ratio Rank: 7070
Omega Ratio Rank
QQQL.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
QQQL.TO Martin Ratio Rank: 4141
Martin Ratio Rank
XIT.TO
XIT.TO Risk / Return Rank: 1414
Overall Rank
XIT.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
XIT.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
XIT.TO Omega Ratio Rank: 1414
Omega Ratio Rank
XIT.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
XIT.TO Martin Ratio Rank: 1313
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.

QQQL.TO vs. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.TOXIT.TODifference

Sharpe ratio

Return per unit of total volatility

0.94

0.03

+0.91

Sortino ratio

Return per unit of downside risk

1.49

0.27

+1.22

Omega ratio

Gain probability vs. loss probability

1.26

1.03

+0.22

Calmar ratio

Return relative to maximum drawdown

1.37

0.03

+1.34

Martin ratio

Return relative to average drawdown

3.80

0.07

+3.73

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. XIT.TO - Sharpe Ratio Comparison

The current QQQL.TO Sharpe Ratio is 0.94, which is higher than the XIT.TO Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of QQQL.TO and XIT.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.

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Sharpe Ratios by Period

QQQL.TOXIT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.94

0.03

+0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.17

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.28

+0.40

Correlation

The correlation between QQQL.TO and XIT.TO is 0.45, 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

QQQL.TO vs. XIT.TO - Dividend Comparison

Neither QQQL.TO nor XIT.TO has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
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%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.29%0.00%0.13%0.14%0.08%

Drawdowns

QQQL.TO vs. XIT.TO - Drawdown Comparison

The maximum QQQL.TO drawdown since its inception was -27.82%, smaller than the maximum XIT.TO drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for QQQL.TO and XIT.TO.

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Drawdown Indicators

QQQL.TOXIT.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.82%

-81.18%

+53.36%

Max Drawdown (1Y)

Largest decline over 1 year

-13.76%

-31.93%

+18.17%

Max Drawdown (5Y)

Largest decline over 5 years

—

-54.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-54.15%

—

Current Drawdown

Current decline from peak

-12.23%

-28.25%

+16.02%

Average Drawdown

Average peak-to-trough decline

-5.12%

-26.90%

+21.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.97%

12.91%

-7.94%

Volatility

QQQL.TO vs. XIT.TO - Volatility Comparison

The current volatility for Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) is 4.66%, while iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a volatility of 10.29%. This indicates that QQQL.TO experiences smaller price fluctuations and is considered to be less risky than XIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQL.TOXIT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

10.29%

-5.63%

Volatility (6M)

Calculated over the trailing 6-month period

13.84%

23.80%

-9.96%

Volatility (1Y)

Calculated over the trailing 1-year period

27.43%

32.90%

-5.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.82%

28.79%

-2.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.82%

26.30%

-0.48%