QQQT.TO vs. XUS.TO
Compare and contrast key facts about Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and iShares Core S&P 500 Index ETF (XUS.TO).
QQQT.TO and XUS.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. XUS.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Apr 10, 2013. Both QQQT.TO and XUS.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 XUS.TO.
Correlation
The correlation between QQQT.TO and XUS.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQQT.TO vs. XUS.TO - Performance Comparison
Key characteristics
QQQT.TO:
1.24
XUS.TO:
2.54
QQQT.TO:
1.75
XUS.TO:
3.51
QQQT.TO:
1.23
XUS.TO:
1.47
QQQT.TO:
1.82
XUS.TO:
3.90
QQQT.TO:
5.31
XUS.TO:
17.72
QQQT.TO:
5.66%
XUS.TO:
1.71%
QQQT.TO:
24.14%
XUS.TO:
11.90%
QQQT.TO:
-16.53%
XUS.TO:
-27.23%
QQQT.TO:
-3.55%
XUS.TO:
-1.27%
Returns By Period
In the year-to-date period, QQQT.TO achieves a 4.97% return, which is significantly higher than XUS.TO's 2.66% return.
QQQT.TO
4.97%
1.85%
9.26%
31.56%
N/A
N/A
XUS.TO
2.66%
0.11%
15.02%
30.22%
15.93%
14.27%
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QQQT.TO vs. XUS.TO - Expense Ratio Comparison
QQQT.TO has a 0.25% expense ratio, which is higher than XUS.TO's 0.09% 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. XUS.TO — Risk-Adjusted Performance Rank
QQQT.TO
XUS.TO
QQQT.TO vs. XUS.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 S&P 500 Index ETF (XUS.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. XUS.TO - Dividend Comparison
QQQT.TO's dividend yield for the trailing twelve months is around 5.36%, more than XUS.TO's 1.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged | 5.36% | 5.62% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUS.TO iShares Core S&P 500 Index ETF | 1.00% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% | 1.36% |
Drawdowns
QQQT.TO vs. XUS.TO - Drawdown Comparison
The maximum QQQT.TO drawdown since its inception was -16.53%, smaller than the maximum XUS.TO drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and XUS.TO. For additional features, visit the drawdowns tool.
Volatility
QQQT.TO vs. XUS.TO - Volatility Comparison
Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) has a higher volatility of 7.34% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 2.86%. This indicates that QQQT.TO's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.