QQQT.TO vs. QQQQ.TO

Last updated Jun 24, 2026

QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both Nasdaq-100 funds - QQQT.TO tracks the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index while QQQQ.TO tracks the NASDAQ-100 Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

QQQT.TO vs. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.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 24.22% return, which is significantly higher than QQQQ.TO's 20.59% return.

QQQT.TO

• 1D: -3.63%
• 1M: 1.53%
• YTD: 24.22%
• 6M: 22.63%
• 1Y: 54.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQQ.TO

• 1D: -2.71%
• 1M: 2.61%
• YTD: 20.59%
• 6M: 19.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	24.22%	10.76%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	20.59%	7.09%

Correlation

The correlation between QQQT.TO and QQQQ.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.56

Return for Risk

QQQT.TO vs. QQQQ.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: 69
QQQT.TO Sharpe Ratio Rank: 76
QQQT.TO Sortino Ratio Rank: 66
QQQT.TO Omega Ratio Rank: 69
QQQT.TO Calmar Ratio Rank: 67
QQQT.TO Martin Ratio Rank: 66

QQQQ.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.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	QQQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.28	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.18	—	—
Martin ratio: Return relative to average drawdown	11.54	—	—

Drawdowns

QQQT.TO vs. QQQQ.TO - Drawdown Comparison

The maximum QQQT.TO drawdown since its inception was -30.32%, which is greater than QQQQ.TO's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and QQQQ.TO.

Drawdown Indicators

	QQQT.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-12.27%	-18.05%
Max Drawdown (1Y) Largest decline over 1 year	-17.37%	—	—
Current Drawdown Current decline from peak	-5.82%	-2.77%	-3.05%
Average Drawdown Average peak-to-trough decline	-5.42%	-3.16%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	—	—

Volatility

Volatility by Period

	QQQT.TO	QQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.19%	19.23%	+4.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.78%	19.23%	+11.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.78%	19.23%	+11.55%

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

Both QQQT.TO and QQQQ.TO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

QQQT.TO vs. QQQQ.TO - Dividend Comparison

QQQT.TO's dividend yield for the trailing twelve months is around 0.24%, more than QQQQ.TO's 0.09% yield.

Position	TTM	2025	2024	2023
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%	0.00%	0.00%
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	0.24%	0.30%	0.39%	0.26%

Frequently Asked Questions

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

QQQT.TO and QQQQ.TO have a correlation of 0.56, 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 QQQQ.TO?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

QQQT.TO and QQQQ.TO have the same expense ratio: 0.25% per year.

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

QQQT.TO tracks Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while QQQQ.TO tracks NASDAQ-100 Index. They also come from different issuers: Evolve and Mackenzie.