QQQT.TO vs. XEQT.TO
Compare and contrast key facts about Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
QQQT.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQT.TO is a passively managed fund by Evolve that tracks the performance of the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. It was launched on Jul 11, 2023. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019. Both QQQT.TO and XEQT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQT.TO or XEQT.TO.
Correlation
The correlation between QQQT.TO and XEQT.TO is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQQT.TO vs. XEQT.TO - Performance Comparison
Key characteristics
QQQT.TO:
1.19
XEQT.TO:
2.43
QQQT.TO:
1.69
XEQT.TO:
3.43
QQQT.TO:
1.22
XEQT.TO:
1.45
QQQT.TO:
1.74
XEQT.TO:
3.72
QQQT.TO:
5.08
XEQT.TO:
16.99
QQQT.TO:
5.65%
XEQT.TO:
1.45%
QQQT.TO:
24.18%
XEQT.TO:
10.14%
QQQT.TO:
-16.53%
XEQT.TO:
-29.74%
QQQT.TO:
-3.07%
XEQT.TO:
-0.37%
Returns By Period
In the year-to-date period, QQQT.TO achieves a 5.48% return, which is significantly higher than XEQT.TO's 4.39% return.
QQQT.TO
5.48%
3.19%
9.80%
30.65%
N/A
N/A
XEQT.TO
4.39%
0.83%
11.89%
24.75%
11.73%
N/A
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QQQT.TO vs. XEQT.TO - Expense Ratio Comparison
QQQT.TO has a 0.25% expense ratio, which is higher than XEQT.TO's 0.20% 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%.
Risk-Adjusted Performance
QQQT.TO vs. XEQT.TO — Risk-Adjusted Performance Rank
QQQT.TO
XEQT.TO
QQQT.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and iShares Core Equity ETF Portfolio (XEQT.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.
Dividends
QQQT.TO vs. XEQT.TO - Dividend Comparison
QQQT.TO's dividend yield for the trailing twelve months is around 5.33%, more than XEQT.TO's 1.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 5.33% | 5.62% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.94% | 2.03% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
QQQT.TO vs. XEQT.TO - Drawdown Comparison
The maximum QQQT.TO drawdown since its inception was -16.53%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
QQQT.TO vs. XEQT.TO - Volatility Comparison
Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) has a higher volatility of 7.36% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.66%. This indicates that QQQT.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.