QQQT.TO vs. ZQQ.TO

Last updated Jun 4, 2026

QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) and ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) are both Nasdaq-100 funds - QQQT.TO tracks the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index while ZQQ.TO tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, QQQT.TO returned 67.05% vs 38.53% for ZQQ.TO. Their correlation of 0.85 suggests significant overlap in exposure. QQQT.TO charges 0.25%/yr vs 0.39%/yr for ZQQ.TO.

Performance

QQQT.TO vs. ZQQ.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 BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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 31.74% return, which is significantly higher than ZQQ.TO's 19.82% return.

QQQT.TO

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

ZQQ.TO

• 1D: -0.28%
• 1M: 10.63%
• YTD: 19.82%
• 6M: 18.08%
• 1Y: 38.53%
• 3Y*: 26.42%
• 5Y*: 16.12%
• 10Y*: 20.08%

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

QQQT.TO vs. ZQQ.TO - 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%
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged)	19.82%	18.38%	24.00%	9.43%

Correlation

The correlation between QQQT.TO and ZQQ.TO is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.85

The correlation between QQQT.TO and ZQQ.TO has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.

Return for Risk

QQQT.TO vs. ZQQ.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: 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

ZQQ.TO

ZQQ.TO Risk / Return Rank: 67
ZQQ.TO Sharpe Ratio Rank: 74
ZQQ.TO Sortino Ratio Rank: 69
ZQQ.TO Omega Ratio Rank: 69
ZQQ.TO Calmar Ratio Rank: 60
ZQQ.TO Martin Ratio Rank: 61

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. ZQQ.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 BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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	ZQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.12	2.46	+0.66
Sortino ratio: Return per unit of downside risk	3.82	3.25	+0.57
Omega ratio: Gain probability vs. loss probability	1.51	1.43	+0.09
Calmar ratio: Return relative to maximum drawdown	3.88	3.01	+0.87
Martin ratio: Return relative to average drawdown	14.64	11.25	+3.40
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. ZQQ.TO - Sharpe Ratio Comparison

The current QQQT.TO Sharpe Ratio is 3.12, which is comparable to the ZQQ.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of QQQT.TO and ZQQ.TO, 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	ZQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	2.46	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.91	+0.55

Drawdowns

QQQT.TO vs. ZQQ.TO - Drawdown Comparison

The maximum QQQT.TO drawdown since its inception was -30.32%, smaller than the maximum ZQQ.TO drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and ZQQ.TO.

Drawdown Indicators

	QQQT.TO	ZQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-36.39%	+6.07%
Max Drawdown (1Y) Largest decline over 1 year	-17.37%	-12.86%	-4.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.39%	—
Current Drawdown Current decline from peak	-0.11%	-0.28%	+0.17%
Average Drawdown Average peak-to-trough decline	-5.10%	-5.37%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	3.43%	+1.16%

Volatility

QQQT.TO vs. ZQQ.TO - Volatility Comparison

Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) has a higher volatility of 6.27% compared to BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) at 4.54%. This indicates that QQQT.TO's price experiences larger fluctuations and is considered to be riskier than ZQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT.TO	ZQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.54%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	12.02%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	15.73%	+5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.23%	22.57%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.23%	22.41%	+3.82%

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

QQQT.TO has a 0.25% expense ratio, which is lower than ZQQ.TO's 0.39% expense ratio.

Dividends

QQQT.TO vs. ZQQ.TO - Dividend Comparison

QQQT.TO's dividend yield for the trailing twelve months is around 0.23%, more than ZQQ.TO's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged)	0.22%	0.27%	0.37%	0.32%	0.45%	0.14%	0.41%	0.51%	0.64%	0.57%	1.60%	0.81%

Frequently Asked Questions

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

With a correlation of 0.95, QQQT.TO and ZQQ.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 ZQQ.TO?

On fees, QQQT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

QQQT.TO is cheaper with a 0.25% expense ratio, compared with 0.39% for ZQQ.TO.

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

QQQT.TO tracks Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while ZQQ.TO tracks NASDAQ-100 Index. They also come from different issuers: Evolve and BMO. Their fees differ too: 0.25% for QQQT.TO and 0.39% for ZQQ.TO.