QQQX.TO vs. QQC-F.TO

Last updated Jun 5, 2026

QQQX.TO (Global X Nasdaq-100 Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both Nasdaq-100 funds - QQQX.TO tracks the Nasdaq-100 Index while QQC-F.TO tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, QQQX.TO returned 44.61% vs 37.91% for QQC-F.TO. Their correlation of 0.89 suggests significant overlap in exposure. QQQX.TO charges 0.15%/yr vs 0.20%/yr for QQC-F.TO.

Performance

QQQX.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Nasdaq-100 Index ETF (QQQX.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQX.TO achieves a 22.62% return, which is significantly higher than QQC-F.TO's 19.18% return.

QQQX.TO

• 1D: -0.24%
• 1M: 8.95%
• YTD: 22.62%
• 6M: 19.61%
• 1Y: 44.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQC-F.TO

• 1D: -0.50%
• 1M: 6.43%
• YTD: 19.18%
• 6M: 16.96%
• 1Y: 37.91%
• 3Y*: 26.30%
• 5Y*: 16.21%
• 10Y*: 20.19%

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

QQQX.TO vs. QQC-F.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQX.TO Global X Nasdaq-100 Index ETF	22.62%	14.55%	20.80%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.18%	18.41%	12.80%

Correlation

The correlation between QQQX.TO and QQC-F.TO is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since May 21, 2024	0.89

The correlation between QQQX.TO and QQC-F.TO has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

QQQX.TO vs. QQC-F.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQX.TO

QQQX.TO Risk / Return Rank: 77
QQQX.TO Sharpe Ratio Rank: 84
QQQX.TO Sortino Ratio Rank: 82
QQQX.TO Omega Ratio Rank: 81
QQQX.TO Calmar Ratio Rank: 72
QQQX.TO Martin Ratio Rank: 64

QQC-F.TO

QQC-F.TO Risk / Return Rank: 66
QQC-F.TO Sharpe Ratio Rank: 73
QQC-F.TO Sortino Ratio Rank: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

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.

QQQX.TO vs. QQC-F.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index ETF (QQQX.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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.

	QQQX.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.71	2.35	+0.36
Sortino ratio: Return per unit of downside risk	3.59	3.14	+0.46
Omega ratio: Gain probability vs. loss probability	1.47	1.40	+0.07
Calmar ratio: Return relative to maximum drawdown	3.56	2.83	+0.73
Martin ratio: Return relative to average drawdown	11.44	10.53	+0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQX.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current QQQX.TO Sharpe Ratio is 2.71, which is comparable to the QQC-F.TO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of QQQX.TO and QQC-F.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

	QQQX.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	2.35	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.92	+0.51

Drawdowns

QQQX.TO vs. QQC-F.TO - Drawdown Comparison

The maximum QQQX.TO drawdown since its inception was -22.62%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and QQC-F.TO.

Drawdown Indicators

	QQQX.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.62%	-36.03%	+13.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-13.16%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.03%	—
Current Drawdown Current decline from peak	-0.24%	-0.73%	+0.49%
Average Drawdown Average peak-to-trough decline	-3.95%	-5.50%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	3.53%	+0.25%

Volatility

QQQX.TO vs. QQC-F.TO - Volatility Comparison

Global X Nasdaq-100 Index ETF (QQQX.TO) has a higher volatility of 4.72% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) at 4.48%. This indicates that QQQX.TO's price experiences larger fluctuations and is considered to be riskier than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQX.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.48%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	12.08%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	15.89%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	22.44%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	22.54%	-1.82%

QQQX.TO vs. QQC-F.TO - Expense Ratio Comparison

QQQX.TO has a 0.15% expense ratio, which is lower than QQC-F.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQX.TO vs. QQC-F.TO - Dividend Comparison

QQQX.TO's dividend yield for the trailing twelve months is around 0.29%, while QQC-F.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.00%	0.09%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%
QQQX.TO Global X Nasdaq-100 Index ETF	0.29%	0.35%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQX.TO and QQC-F.TO in my portfolio?

QQQX.TO and QQC-F.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQX.TO or QQC-F.TO?

On fees, QQQX.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQX.TO or QQC-F.TO?

QQQX.TO is cheaper with a 0.15% expense ratio, compared with 0.20% for QQC-F.TO.

What is the main difference between QQQX.TO and QQC-F.TO?

QQQX.TO tracks Nasdaq-100 Index, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.15% for QQQX.TO and 0.20% for QQC-F.TO.