QQQT.TO vs. EDGE.TO

Last updated Aug 2, 2026

QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) and EDGE.TO (Evolve Innovation Index Fund) are both exchange-traded funds - QQQT.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while EDGE.TO is a Technology Equities fund tracking the Solactive Global Innovation Index. Both are passively managed. Over the past 3 years, QQQT.TO returned 28.60%/yr vs 14.78%/yr for EDGE.TO. Their 0.49 correlation means their historical movements had little consistent relationship. QQQT.TO charges 0.25%/yr vs 0.67%/yr for EDGE.TO.

Performance

QQQT.TO vs. EDGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and Evolve Innovation Index Fund (EDGE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQT.TO achieves a 20.16% return, which is significantly higher than EDGE.TO's 14.27% 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%

EDGE.TO

• 1D: 0.61%
• 1M: -3.11%
• 6M: 14.70%
• YTD: 14.27%
• 1Y: 18.71%
• 3Y*: 14.78%
• 5Y*: 4.72%
• 10Y*: —
• ALL TIME*: 11.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EDGE.TO Evolve Innovation Index Fund	CA$36.20K	CA$31.78K	CA$26.70K
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	CA$196.78K	CA$246.43K	CA$273.48K

QQQT.TO vs. EDGE.TO - 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%
EDGE.TO Evolve Innovation Index Fund	14.27%	11.95%	17.11%	4.41%

Correlation

The correlation between QQQT.TO and EDGE.TO is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.49

The correlation between QQQT.TO and EDGE.TO has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

Return for Risk

QQQT.TO vs. EDGE.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQT.TO

QQQT.TO Risk / Return Rank: 57
QQQT.TO Sharpe Ratio Rank: 58
QQQT.TO Sortino Ratio Rank: 54
QQQT.TO Omega Ratio Rank: 54
QQQT.TO Calmar Ratio Rank: 60
QQQT.TO Martin Ratio Rank: 57

EDGE.TO

EDGE.TO Risk / Return Rank: 28
EDGE.TO Sharpe Ratio Rank: 30
EDGE.TO Sortino Ratio Rank: 29
EDGE.TO Omega Ratio Rank: 29
EDGE.TO Calmar Ratio Rank: 26
EDGE.TO Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQT.TO vs. EDGE.TO - 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 Evolve Innovation Index Fund (EDGE.TO). 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	EDGE.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.73	+0.66
Sortino ratio: Return per unit of downside risk	1.90	1.12	+0.79
Omega ratio: Gain probability vs. loss probability	1.24	1.14	+0.10
Calmar ratio: Return relative to maximum drawdown	2.09	0.81	+1.27
Martin ratio: Return relative to average drawdown	6.80	1.92	+4.88

QQQT.TO vs. EDGE.TO - Sharpe Ratio Comparison

The current QQQT.TO Sharpe Ratio is 1.39, which is higher than the EDGE.TO Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of QQQT.TO and EDGE.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQT.TO vs. EDGE.TO - Drawdown Comparison

The maximum QQQT.TO drawdown since its inception was -30.32%, smaller than the maximum EDGE.TO drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and EDGE.TO.

Drawdown Indicators

	QQQT.TO	EDGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-39.86%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	-17.37%	-18.43%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-30.32%	-21.92%	-8.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.86%	—
Current Drawdown Current decline from peak	-8.90%	-7.70%	-1.20%
Average Drawdown Average peak-to-trough decline	-5.47%	-12.84%	+7.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	7.83%	-2.50%

Volatility

QQQT.TO vs. EDGE.TO - Volatility Comparison

Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) has a higher volatility of 8.86% compared to Evolve Innovation Index Fund (EDGE.TO) at 6.16%. This indicates that QQQT.TO's price experiences larger fluctuations and is considered to be riskier than EDGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT.TO	EDGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.86%	6.16%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	21.95%	17.63%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	26.17%	20.70%	+5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.84%	22.79%	+8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.84%	23.65%	+7.19%

QQQT.TO vs. EDGE.TO - Expense Ratio Comparison

QQQT.TO has a 0.25% expense ratio, which is lower than EDGE.TO's 0.67% expense ratio.

Dividends

QQQT.TO vs. EDGE.TO - Dividend Comparison

QQQT.TO's dividend yield for the trailing twelve months is around 0.25%, less than EDGE.TO's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EDGE.TO Evolve Innovation Index Fund	0.43%	0.36%	0.53%	0.06%	0.08%	0.05%	0.06%	0.09%	0.09%
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%

Frequently Asked Questions

Can I hold both QQQT.TO and EDGE.TO in my portfolio?

QQQT.TO and EDGE.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQT.TO or EDGE.TO?

On fees, QQQT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQT.TO or EDGE.TO?

QQQT.TO is cheaper with a 0.25% expense ratio, compared with 0.67% for EDGE.TO.

What is the main difference between QQQT.TO and EDGE.TO?

QQQT.TO is categorized as Nasdaq-100, while EDGE.TO is Technology Equities. QQQT.TO tracks Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while EDGE.TO tracks Solactive Global Innovation Index. Their fees differ too: 0.25% for QQQT.TO and 0.67% for EDGE.TO.