QQQT.TO vs. AAPL
Compare and contrast key facts about Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and Apple Inc (AAPL).
QQQT.TO is a passively managed fund by Evolve that tracks the performance of the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. It was launched on Jul 11, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQT.TO or AAPL.
Correlation
The correlation between QQQT.TO and AAPL is 0.41, 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.
Performance
QQQT.TO vs. AAPL - Performance Comparison
Key characteristics
QQQT.TO:
1.14
AAPL:
1.40
QQQT.TO:
1.63
AAPL:
2.01
QQQT.TO:
1.21
AAPL:
1.26
QQQT.TO:
1.67
AAPL:
2.01
QQQT.TO:
4.89
AAPL:
6.04
QQQT.TO:
5.65%
AAPL:
5.53%
QQQT.TO:
24.23%
AAPL:
23.90%
QQQT.TO:
-16.53%
AAPL:
-81.80%
QQQT.TO:
-2.93%
AAPL:
-5.51%
Returns By Period
In the year-to-date period, QQQT.TO achieves a 5.64% return, which is significantly higher than AAPL's -2.27% return.
QQQT.TO
5.64%
3.54%
10.85%
28.89%
N/A
N/A
AAPL
-2.27%
6.42%
8.17%
34.73%
25.87%
23.87%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
QQQT.TO vs. AAPL — Risk-Adjusted Performance Rank
QQQT.TO
AAPL
QQQT.TO vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and Apple Inc (AAPL). 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.
Dividends
QQQT.TO vs. AAPL - Dividend Comparison
QQQT.TO's dividend yield for the trailing twelve months is around 5.33%, more than AAPL's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 5.33% | 5.63% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.41% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
QQQT.TO vs. AAPL - Drawdown Comparison
The maximum QQQT.TO drawdown since its inception was -16.53%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and AAPL. For additional features, visit the drawdowns tool.
Volatility
QQQT.TO vs. AAPL - Volatility Comparison
The current volatility for Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) is 7.43%, while Apple Inc (AAPL) has a volatility of 8.48%. This indicates that QQQT.TO experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.