QQQQ.TO vs. FTEC

Last updated Jun 4, 2026

QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - QQQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. QQQQ.TO charges 0.25%/yr vs 0.08%/yr for FTEC.

Performance

QQQQ.TO vs. FTEC - Performance Comparison

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

Different Trading Currencies

QQQQ.TO is traded in CAD, while FTEC is traded in USD. To make them comparable, the FTEC 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 21.51% return, which is significantly lower than FTEC's 33.57% return.

QQQQ.TO

• 1D: 0.62%
• 1M: 13.62%
• YTD: 21.51%
• 6M: 18.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -1.09%
• 1M: 20.57%
• YTD: 33.57%
• 6M: 30.24%
• 1Y: 62.94%
• 3Y*: 35.49%
• 5Y*: 25.99%
• 10Y*: 26.48%

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

QQQQ.TO vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	21.51%	7.64%
FTEC Fidelity MSCI Information Technology Index ETF	33.57%	8.25%

Correlation

The correlation between QQQQ.TO and FTEC 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 (All Time) Calculated using the full available price history since Aug 25, 2025	0.52

Return for Risk

QQQQ.TO vs. FTEC — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Fidelity MSCI Information Technology Index ETF (FTEC). 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	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.87	1.17	+1.70

Drawdowns

QQQQ.TO vs. FTEC - Drawdown Comparison

The maximum QQQQ.TO drawdown since its inception was -11.95%, smaller than the maximum FTEC drawdown of -31.08%. Use the drawdown chart below to compare losses from any high point for QQQQ.TO and FTEC.

Drawdown Indicators

	QQQQ.TO	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-11.95%	-31.08%	+19.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.08%	—
Current Drawdown Current decline from peak	0.00%	-1.09%	+1.09%
Average Drawdown Average peak-to-trough decline	-3.38%	-5.48%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.81%	—

Volatility

Volatility by Period

	QQQQ.TO	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.07%	20.34%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	23.62%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	23.19%	-6.12%

QQQQ.TO vs. FTEC - Expense Ratio Comparison

QQQQ.TO has a 0.25% expense ratio, which is higher than FTEC's 0.08% 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

QQQQ.TO vs. FTEC - Dividend Comparison

QQQQ.TO's dividend yield for the trailing twelve months is around 0.09%, less than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%	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 QQQQ.TO and FTEC in my portfolio?

QQQQ.TO and FTEC 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, QQQQ.TO or FTEC?

On fees, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQQ.TO or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for QQQQ.TO.

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

QQQQ.TO is categorized as Nasdaq-100, while FTEC is Technology Equities. QQQQ.TO tracks NASDAQ-100 Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Mackenzie and Fidelity. Their fees differ too: 0.25% for QQQQ.TO and 0.08% for FTEC.