QQQX.TO vs. QQC.TO

Last updated Jun 4, 2026

QQQX.TO (Global X Nasdaq-100 Index ETF) and QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both Nasdaq-100 funds - QQQX.TO tracks the Nasdaq-100 Index while QQC.TO tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, QQQX.TO returned 43.61% vs 43.34% for QQC.TO. With a 0.95 correlation, they move nearly in lockstep. QQQX.TO charges 0.15%/yr vs 0.20%/yr for QQC.TO.

Performance

QQQX.TO vs. QQC.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.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QQQX.TO having a 22.91% return and QQC.TO slightly lower at 22.65%.

QQQX.TO

• 1D: 0.24%
• 1M: 13.05%
• YTD: 22.91%
• 6M: 19.10%
• 1Y: 43.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQC.TO

• 1D: 0.14%
• 1M: 12.93%
• YTD: 22.65%
• 6M: 19.07%
• 1Y: 43.34%
• 3Y*: 29.99%
• 5Y*: 21.56%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
QQQX.TO Global X Nasdaq-100 Index ETF	22.91%	14.55%	20.80%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	22.65%	15.38%	19.65%

Correlation

The correlation between QQQX.TO and QQC.TO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 21, 2024	0.95

The correlation between QQQX.TO and QQC.TO has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

QQQX.TO vs. QQC.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: 73
QQQX.TO Martin Ratio Rank: 64

QQC.TO

QQC.TO Risk / Return Rank: 76
QQC.TO Sharpe Ratio Rank: 85
QQC.TO Sortino Ratio Rank: 81
QQC.TO Omega Ratio Rank: 82
QQC.TO Calmar Ratio Rank: 71
QQC.TO Martin Ratio Rank: 62

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.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.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.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.84	-0.10
Sortino ratio: Return per unit of downside risk	3.63	3.69	-0.07
Omega ratio: Gain probability vs. loss probability	1.48	1.50	-0.02
Calmar ratio: Return relative to maximum drawdown	3.60	3.59	+0.01
Martin ratio: Return relative to average drawdown	11.56	11.38	+0.18
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.TO - Sharpe Ratio Comparison

The current QQQX.TO Sharpe Ratio is 2.74, which is comparable to the QQC.TO Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of QQQX.TO and QQC.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.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.84	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.02	+0.42

Drawdowns

QQQX.TO vs. QQC.TO - Drawdown Comparison

The maximum QQQX.TO drawdown since its inception was -22.62%, smaller than the maximum QQC.TO drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and QQC.TO.

Drawdown Indicators

	QQQX.TO	QQC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.62%	-31.81%	+9.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-12.14%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.81%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.96%	-8.06%	+4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	3.82%	-0.04%

Volatility

QQQX.TO vs. QQC.TO - Volatility Comparison

Global X Nasdaq-100 Index ETF (QQQX.TO) has a higher volatility of 4.73% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) at 4.36%. This indicates that QQQX.TO's price experiences larger fluctuations and is considered to be riskier than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQX.TO	QQC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	4.36%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	11.58%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	15.33%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	20.85%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	20.82%	-0.08%

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

QQQX.TO has a 0.15% expense ratio, which is lower than QQC.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.TO - Dividend Comparison

QQQX.TO's dividend yield for the trailing twelve months is around 0.29%, less than QQC.TO's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.31%	0.39%	0.45%	0.54%	0.91%	0.56%
QQQX.TO Global X Nasdaq-100 Index ETF	0.29%	0.35%	0.14%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 0.96, QQQX.TO and QQC.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, QQQX.TO or QQC.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.TO?

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

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

QQQX.TO tracks Nasdaq-100 Index, while QQC.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.TO.