QQQT.TO vs. QMVP.TO

Last updated Jun 3, 2026

QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) and QMVP.TO (Hamilton Champions U.S. Technology Index 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 QMVP.TO is a Technology Equities fund tracking the Solactive Hamilton Champions U.S. Technology Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. QQQT.TO charges 0.25%/yr vs 0.19%/yr for QMVP.TO.

Performance

QQQT.TO vs. QMVP.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 Hamilton Champions U.S. Technology Index ETF (QMVP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQT.TO

• 1D: 0.98%
• 1M: 16.57%
• YTD: 31.89%
• 6M: 30.01%
• 1Y: 69.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMVP.TO

• 1D: 0.32%
• 1M: 16.23%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQT.TO vs. QMVP.TO - Yearly Performance Comparison

	2026 (YTD)
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	31.86%
QMVP.TO Hamilton Champions U.S. Technology Index ETF	26.83%

Correlation

The correlation between QQQT.TO and QMVP.TO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.93

Return for Risk

QQQT.TO vs. QMVP.TO — 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: 84
QQQT.TO Sharpe Ratio Rank: 91
QQQT.TO Sortino Ratio Rank: 86
QQQT.TO Omega Ratio Rank: 85
QQQT.TO Calmar Ratio Rank: 79
QQQT.TO Martin Ratio Rank: 78

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. QMVP.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 Hamilton Champions U.S. Technology Index ETF (QMVP.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.

	QQQT.TO	QMVP.TO	Difference
Sharpe ratio Return per unit of total volatility	3.21	—	—
Sortino ratio Return per unit of downside risk	3.90	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	4.10	—	—
Martin ratio Return relative to average drawdown	15.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQT.TO	QMVP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	4.29	-2.83

Drawdowns

QQQT.TO vs. QMVP.TO - Drawdown Comparison

The maximum QQQT.TO drawdown since its inception was -30.32%, which is greater than QMVP.TO's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and QMVP.TO.

Drawdown Indicators

	QQQT.TO	QMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-12.77%	-17.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.37%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.11%	-3.90%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	—	—

Volatility

Volatility by Period

	QQQT.TO	QMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.63%	21.82%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.25%	21.82%	+4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.25%	21.82%	+4.43%

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

QQQT.TO has a 0.25% expense ratio, which is higher than QMVP.TO's 0.19% 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. QMVP.TO - Dividend Comparison

QQQT.TO's dividend yield for the trailing twelve months is around 0.23%, more than QMVP.TO's 0.19% yield.

Position	TTM	2025	2024	2023
QMVP.TO Hamilton Champions U.S. Technology Index ETF	0.19%	0.00%	0.00%	0.00%
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	0.23%	0.30%	0.38%	0.25%

Frequently Asked Questions

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

With a correlation of 0.93, QQQT.TO and QMVP.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

On fees, QMVP.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

QMVP.TO is cheaper with a 0.19% expense ratio, compared with 0.25% for QQQT.TO.

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

QQQT.TO is categorized as Nasdaq-100, while QMVP.TO is Technology Equities. QQQT.TO tracks Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while QMVP.TO tracks Solactive Hamilton Champions U.S. Technology Index. They also come from different issuers: Evolve and Hamilton. Their fees differ too: 0.25% for QQQT.TO and 0.19% for QMVP.TO.