QQQQ.TO vs. ITOT

Last updated Apr 1, 2026

Compare and contrast key facts about Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).

QQQQ.TO and ITOT 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. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004. Both QQQQ.TO and ITOT 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

QQQQ.TO vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

QQQQ.TO vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	-6.15%	7.64%
ITOT iShares Core S&P Total U.S. Stock Market ETF	-2.70%	5.14%

Different Trading Currencies

QQQQ.TO is traded in CAD, while ITOT is traded in USD. To make them comparable, the ITOT 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 ITOT's -2.70% return.

QQQQ.TO

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

ITOT

• 1D: 0.00%
• 1M: -3.39%
• YTD: -2.70%
• 6M: -2.21%
• 1Y: 14.41%
• 3Y*: 18.95%
• 5Y*: 12.76%
• 10Y*: 14.33%

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

QQQQ.TO vs. ITOT - Expense Ratio Comparison

QQQQ.TO has a 0.25% expense ratio, which is higher than ITOT's 0.03% 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%.

QQQQ.TO

Mackenzie NASDAQ 100 Index ETF

ITOT

iShares Core S&P Total U.S. Stock Market ETF

Return for Risk

QQQQ.TO vs. ITOT — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 59
ITOT Sharpe Ratio Rank: 53
ITOT Sortino Ratio Rank: 57
ITOT Omega Ratio Rank: 60
ITOT Calmar Ratio Rank: 58
ITOT Martin Ratio Rank: 69

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. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	1.02	-0.90

Correlation

The correlation between QQQQ.TO and ITOT is 0.51, 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. ITOT - Dividend Comparison

QQQQ.TO's dividend yield for the trailing twelve months is around 0.12%, less than ITOT's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.12%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.12%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Drawdowns

QQQQ.TO vs. ITOT - Drawdown Comparison

The maximum QQQQ.TO drawdown since its inception was -11.95%, smaller than the maximum ITOT drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for QQQQ.TO and ITOT.

Drawdown Indicators

	QQQQ.TO	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-11.95%	-55.20%	+43.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-10.17%	-5.51%	-4.66%
Average Drawdown Average peak-to-trough decline	-3.94%	-7.02%	+3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.61%	—

Volatility

Volatility by Period

	QQQQ.TO	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	18.48%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	15.37%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	16.45%	+0.07%