QQQQ.TO vs. CHAT

Last updated Apr 2, 2026

Compare and contrast key facts about Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Roundhill Generative AI & Technology ETF (CHAT).

QQQQ.TO and CHAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQQ.TO is a passively managed fund by Mackenzie that tracks the performance of the NASDAQ-100 Index. It was launched on Aug 19, 2025. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023.

Performance

QQQQ.TO vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

QQQQ.TO vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	-6.15%	7.64%
CHAT Roundhill Generative AI & Technology ETF	10.42%	12.98%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, QQQQ.TO achieves a -6.15% return, which is significantly lower than CHAT's 10.42% return.

QQQQ.TO

• 1D: 2.02%
• 1M: -4.24%
• YTD: -6.15%
• 6M: -4.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: 3.80%
• 1M: 2.50%
• YTD: 10.42%
• 6M: 5.35%
• 1Y: 81.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQQ.TO vs. CHAT - Expense Ratio Comparison

QQQQ.TO has a 0.25% expense ratio, which is lower than CHAT's 0.75% expense ratio.

CHAT

Roundhill Generative AI & Technology ETF

QQQQ.TO

Mackenzie NASDAQ 100 Index ETF

Return for Risk

QQQQ.TO vs. CHAT — Risk / Return Rank

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

CHAT

CHAT Risk / Return Rank: 95
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 95
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 98
CHAT Martin Ratio Rank: 95

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.

QQQQ.TO vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Roundhill Generative AI & Technology ETF (CHAT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QQQQ.TO	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	1.42	-1.29

Correlation

The correlation between QQQQ.TO and CHAT is 0.55, 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

QQQQ.TO vs. CHAT - Dividend Comparison

QQQQ.TO's dividend yield for the trailing twelve months is around 0.12%, less than CHAT's 2.61% yield.

	TTM	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.12%	0.11%
CHAT Roundhill Generative AI & Technology ETF	2.61%	2.85%

Drawdowns

QQQQ.TO vs. CHAT - Drawdown Comparison

The maximum QQQQ.TO drawdown since its inception was -11.95%, smaller than the maximum CHAT drawdown of -31.90%. Use the drawdown chart below to compare losses from any high point for QQQQ.TO and CHAT.

Drawdown Indicators

	QQQQ.TO	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-11.95%	-31.34%	+19.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.28%	—
Current Drawdown Current decline from peak	-10.17%	-3.05%	-7.12%
Average Drawdown Average peak-to-trough decline	-3.94%	-5.61%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.86%	—

Volatility

Volatility by Period

	QQQQ.TO	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	33.91%	-17.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	28.43%	-11.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	28.43%	-11.91%