QQQQ.TO vs. MARA

Last updated Apr 2, 2026

Compare and contrast key facts about Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Marathon Digital Holdings, Inc. (MARA).

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.

Performance

QQQQ.TO vs. MARA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Marathon Digital Holdings, Inc. (MARA). The values are adjusted to include any dividend payments, if applicable.

QQQQ.TO vs. MARA - Yearly Performance Comparison

	2026 (YTD)	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	-6.15%	7.64%
MARA Marathon Digital Holdings, Inc.	-9.33%	-45.27%

Different Trading Currencies

QQQQ.TO is traded in CAD, while MARA is traded in USD. To make them comparable, the MARA 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 higher than MARA's -9.33% return.

QQQQ.TO

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

MARA

• 1D: -1.61%
• 1M: -13.54%
• YTD: -9.33%
• 6M: -56.92%
• 1Y: -34.03%
• 3Y*: -1.77%
• 5Y*: -28.85%
• 10Y*: -12.19%

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

Return for Risk

QQQQ.TO vs. MARA — Risk / Return Rank

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

MARA

MARA Risk / Return Rank: 26
MARA Sharpe Ratio Rank: 23
MARA Sortino Ratio Rank: 26
MARA Omega Ratio Rank: 27
MARA Calmar Ratio Rank: 27
MARA Martin Ratio Rank: 27

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. MARA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Marathon Digital Holdings, Inc. (MARA). 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	MARA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	-0.10	+0.22

Correlation

The correlation between QQQQ.TO and MARA is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQQQ.TO vs. MARA - Dividend Comparison

QQQQ.TO's dividend yield for the trailing twelve months is around 0.12%, while MARA has not paid dividends to shareholders.

	TTM	2025
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.12%	0.11%
MARA Marathon Digital Holdings, Inc.	0.00%	0.00%

Drawdowns

QQQQ.TO vs. MARA - Drawdown Comparison

The maximum QQQQ.TO drawdown since its inception was -11.95%, smaller than the maximum MARA drawdown of -99.68%. Use the drawdown chart below to compare losses from any high point for QQQQ.TO and MARA.

Drawdown Indicators

	QQQQ.TO	MARA	Difference
Max Drawdown Largest peak-to-trough decline	-11.95%	-99.74%	+87.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-70.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-95.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.20%	—
Current Drawdown Current decline from peak	-10.17%	-94.80%	+84.63%
Average Drawdown Average peak-to-trough decline	-3.94%	-77.82%	+73.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.17%	—

Volatility

Volatility by Period

	QQQQ.TO	MARA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	81.04%	-64.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	105.89%	-89.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	143.01%	-126.49%