QQQT.TO vs. HISA.NEO

Last updated Jun 4, 2026

QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) and HISA.NEO (Evolve High Interest Savings Account ETF) are both exchange-traded funds - QQQT.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while HISA.NEO is a Money Market fund actively managed by Evolve. QQQT.TO is passively managed, while HISA.NEO is actively managed. Over the past year, QQQT.TO returned 67.05% vs 2.01% for HISA.NEO. At a 0.03 correlation, their price movements are largely independent. QQQT.TO charges 0.25%/yr vs 0.15%/yr for HISA.NEO.

Performance

QQQT.TO vs. HISA.NEO - 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 High Interest Savings Account ETF (HISA.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQT.TO achieves a 31.74% return, which is significantly higher than HISA.NEO's 0.60% return.

QQQT.TO

• 1D: -0.11%
• 1M: 16.83%
• YTD: 31.74%
• 6M: 29.48%
• 1Y: 67.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HISA.NEO

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.60%
• 6M: 0.80%
• 1Y: 2.01%
• 3Y*: 3.11%
• 5Y*: 2.77%
• 10Y*: —

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

QQQT.TO vs. HISA.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	31.74%	30.06%	28.22%	15.37%
HISA.NEO Evolve High Interest Savings Account ETF	0.60%	2.30%	3.78%	2.06%

Correlation

The correlation between QQQT.TO and HISA.NEO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.03

Return for Risk

QQQT.TO vs. HISA.NEO — Risk / Return Rank

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

QQQT.TO

QQQT.TO Risk / Return Rank: 82
QQQT.TO Sharpe Ratio Rank: 90
QQQT.TO Sortino Ratio Rank: 84
QQQT.TO Omega Ratio Rank: 84
QQQT.TO Calmar Ratio Rank: 76
QQQT.TO Martin Ratio Rank: 76

HISA.NEO

HISA.NEO Risk / Return Rank: 86
HISA.NEO Sharpe Ratio Rank: 86
HISA.NEO Sortino Ratio Rank: 94
HISA.NEO Omega Ratio Rank: 99
HISA.NEO Calmar Ratio Rank: 53
HISA.NEO Martin Ratio Rank: 94

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.

QQQT.TO vs. HISA.NEO - 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 High Interest Savings Account ETF (HISA.NEO). 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.

	QQQT.TO	HISA.NEO	Difference
Sharpe ratio Return per unit of total volatility	3.12	2.87	+0.25
Sortino ratio Return per unit of downside risk	3.82	5.03	-1.21
Omega ratio Gain probability vs. loss probability	1.51	5.25	-3.74
Calmar ratio Return relative to maximum drawdown	3.88	2.62	+1.26
Martin ratio Return relative to average drawdown	14.64	27.66	-13.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQT.TO vs. HISA.NEO - Sharpe Ratio Comparison

The current QQQT.TO Sharpe Ratio is 3.12, which is comparable to the HISA.NEO Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of QQQT.TO and HISA.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQT.TO	HISA.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	2.87	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	2.35	-0.90

Drawdowns

QQQT.TO vs. HISA.NEO - Drawdown Comparison

The maximum QQQT.TO drawdown since its inception was -30.32%, which is greater than HISA.NEO's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and HISA.NEO.

Drawdown Indicators

	QQQT.TO	HISA.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-0.42%	-29.90%
Max Drawdown (1Y) Largest decline over 1 year	-17.37%	-0.18%	-17.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.42%	—
Current Drawdown Current decline from peak	-0.11%	-0.02%	-0.09%
Average Drawdown Average peak-to-trough decline	-5.10%	-0.01%	-5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	0.01%	+4.58%

Volatility

QQQT.TO vs. HISA.NEO - Volatility Comparison

Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) has a higher volatility of 6.27% compared to Evolve High Interest Savings Account ETF (HISA.NEO) at 0.03%. This indicates that QQQT.TO's price experiences larger fluctuations and is considered to be riskier than HISA.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT.TO	HISA.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	0.03%	+6.24%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	0.08%	+17.01%
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	0.36%	+21.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.23%	0.46%	+25.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.23%	0.47%	+25.76%

QQQT.TO vs. HISA.NEO - Expense Ratio Comparison

QQQT.TO has a 0.25% expense ratio, which is higher than HISA.NEO's 0.15% 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%.

Dividends

QQQT.TO vs. HISA.NEO - Dividend Comparison

QQQT.TO's dividend yield for the trailing twelve months is around 0.23%, less than HISA.NEO's 2.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HISA.NEO Evolve High Interest Savings Account ETF	2.27%	2.32%	3.65%	4.60%	2.22%	0.52%	0.84%	0.76%
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	0.23%	0.30%	0.38%	0.25%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

QQQT.TO and HISA.NEO have a correlation of 0.07, 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 HISA.NEO?

On fees, HISA.NEO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQT.TO or HISA.NEO?

HISA.NEO is cheaper with a 0.15% expense ratio, compared with 0.25% for QQQT.TO.

What is the main difference between QQQT.TO and HISA.NEO?

QQQT.TO is categorized as Nasdaq-100, while HISA.NEO is Money Market. Their fees differ too: 0.25% for QQQT.TO and 0.15% for HISA.NEO.