QQQT.TO vs. AAPL
QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) is Nasdaq-100 fund tracking the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while AAPL (Apple Inc) is a stock. Over the past 3 years, QQQT.TO returned 28.60%/yr vs 19.37%/yr for AAPL. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
QQQT.TO vs. AAPL - Performance Comparison
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Different Trading Currencies
QQQT.TO is traded in CAD, while AAPL is traded in USD. To make them comparable, the AAPL values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQT.TO achieves a 20.16% return, which is significantly higher than AAPL's 16.47% return.
QQQT.TO
- 1D
- 0.56%
- 1M
- -3.56%
- 6M
- 18.48%
- YTD
- 20.16%
- 1Y
- 39.46%
- 3Y*
- 28.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.45%
AAPL
- 1D
- -7.52%
- 1M
- -1.36%
- 6M
- 23.86%
- YTD
- 16.47%
- 1Y
- 54.95%
- 3Y*
- 19.37%
- 5Y*
- 19.58%
- 10Y*
- 30.08%
- ALL TIME*
- 34.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAPL Apple Inc | CA$26.97B | CA$24.92B | CA$24.06B |
| CA$196.78K | CA$246.43K | CA$273.48K |
QQQT.TO vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 20.16% | 30.06% | 28.24% | 14.98% |
AAPL Apple Inc | 16.47% | 4.07% | 41.77% | 2.30% |
Correlation
The correlation between QQQT.TO and AAPL is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | 0.35 |
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Return for Risk
QQQT.TO vs. AAPL — Risk / Return Rank
QQQT.TO
AAPL
QQQT.TO vs. AAPL - Risk-Adjusted Trends 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.
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.
| QQQT.TO | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.47 | -1.38 |
| Martin ratioReturn relative to average drawdown | 6.80 | 7.79 | -0.98 |
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Drawdowns
QQQT.TO vs. AAPL - Drawdown Comparison
The maximum QQQT.TO drawdown since its inception was -30.32%, smaller than the maximum AAPL drawdown of -50.16%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and AAPL.
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Drawdown Indicators
| QQQT.TO | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.32% | -50.16% | +19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -17.37% | -14.90% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -30.32% | -33.90% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.96% | — |
Current DrawdownCurrent decline from peak | -8.90% | -9.89% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -10.12% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 6.63% | -1.30% |
Volatility
QQQT.TO vs. AAPL - Volatility Comparison
The current volatility for Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) is 8.86%, while Apple Inc (AAPL) has a volatility of 11.60%. 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.
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Volatility by Period
| QQQT.TO | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 11.60% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 20.89% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 25.94% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.84% | 28.71% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 29.92% | +0.92% |
Dividends
QQQT.TO vs. AAPL - Dividend Comparison
QQQT.TO's dividend yield for the trailing twelve months is around 0.25%, less than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 0.25% | 0.30% | 0.39% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQT.TO and AAPL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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