QQQQ.TO vs. CHAT

Last updated Jun 24, 2026

QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - QQQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CHAT is a Technology Equities fund actively managed by Roundhill. QQQQ.TO is passively managed, while CHAT is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. QQQQ.TO charges 0.25%/yr vs 0.75%/yr for CHAT.

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.

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 20.59% return, which is significantly lower than CHAT's 68.98% return.

QQQQ.TO

• 1D: -2.71%
• 1M: 2.61%
• YTD: 20.59%
• 6M: 19.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: -7.50%
• 1M: 10.25%
• YTD: 68.98%
• 6M: 67.63%
• 1Y: 122.25%
• 3Y*: 55.11%
• 5Y*: —
• 10Y*: —

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

QQQQ.TO vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	20.59%	7.09%
CHAT Roundhill Generative AI & Technology ETF	68.98%	10.36%

Correlation

The correlation between QQQQ.TO and CHAT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.53

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.

QQQQ.TO

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

CHAT

CHAT Risk / Return Rank: 89
CHAT Sharpe Ratio Rank: 94
CHAT Sortino Ratio Rank: 84
CHAT Omega Ratio Rank: 85
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 90

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.

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.

	QQQQ.TO	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	—	3.51	—
Sortino ratio: Return per unit of downside risk	—	3.69	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	7.07	—
Martin ratio: Return relative to average drawdown	—	19.86	—

Drawdowns

QQQQ.TO vs. CHAT - Drawdown Comparison

The maximum QQQQ.TO drawdown since its inception was -12.27%, smaller than the maximum CHAT drawdown of -32.08%. 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	-12.27%	-32.08%	+19.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.08%	—
Current Drawdown Current decline from peak	-2.77%	-7.50%	+4.73%
Average Drawdown Average peak-to-trough decline	-3.16%	-5.34%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.18%	—

Volatility

Volatility by Period

	QQQQ.TO	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.23%	35.03%	-15.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	31.43%	-12.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	31.43%	-12.20%

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.

Dividends

QQQQ.TO vs. CHAT - Dividend Comparison

QQQQ.TO's dividend yield for the trailing twelve months is around 0.09%, less than CHAT's 1.74% yield.

Position	TTM	2025
CHAT Roundhill Generative AI & Technology ETF	1.74%	2.85%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%

Frequently Asked Questions

Can I hold both QQQQ.TO and CHAT in my portfolio?

QQQQ.TO and CHAT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQQ.TO or CHAT?

On fees, QQQQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQQ.TO or CHAT?

QQQQ.TO is cheaper with a 0.25% expense ratio, compared with 0.75% for CHAT.

What is the main difference between QQQQ.TO and CHAT?

QQQQ.TO is categorized as Nasdaq-100, while CHAT is Technology Equities. They also come from different issuers: Mackenzie and Roundhill. Their fees differ too: 0.25% for QQQQ.TO and 0.75% for CHAT.