QQQX.TO vs. QQQ

Last updated Jul 14, 2026

QQQX.TO (Global X Nasdaq-100 Index ETF) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds - QQQX.TO tracks the Nasdaq-100 Index while QQQ tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, QQQX.TO returned 33.42% vs 33.90% for QQQ. Their correlation of 0.82 suggests significant overlap in exposure. QQQX.TO charges 0.15%/yr vs 0.18%/yr for QQQ.

Performance

QQQX.TO vs. QQQ - 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 QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQQX.TO is traded in CAD, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with QQQX.TO having a 19.95% return and QQQ slightly higher at 20.17%.

QQQX.TO

• 1D: -1.71%
• 1M: 0.13%
• 6M: 16.06%
• YTD: 19.95%
• 1Y: 33.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -1.84%
• 1M: 0.18%
• 6M: 15.85%
• YTD: 20.17%
• 1Y: 33.90%
• 3Y*: 27.33%
• 5Y*: 17.98%
• 10Y*: 22.32%

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

QQQX.TO vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQX.TO Global X Nasdaq-100 Index ETF	19.95%	14.55%	20.05%
QQQ Invesco QQQ ETF	20.11%	15.26%	19.92%

Correlation

The correlation between QQQX.TO and QQQ is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since May 17, 2024	0.82

The correlation between QQQX.TO and QQQ has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

QQQX.TO vs. QQQ — 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: 67
QQQX.TO Sharpe Ratio Rank: 71
QQQX.TO Sortino Ratio Rank: 67
QQQX.TO Omega Ratio Rank: 68
QQQX.TO Calmar Ratio Rank: 69
QQQX.TO Martin Ratio Rank: 61

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 56
QQQ Calmar Ratio Rank: 61
QQQ 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. QQQ - 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 QQQ ETF (QQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQX.TO	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.82	-0.01
Sortino ratio: Return per unit of downside risk	2.45	2.45	0.00
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.76	2.79	-0.03
Martin ratio: Return relative to average drawdown	8.52	8.91	-0.39

QQQX.TO vs. QQQ - Sharpe Ratio Comparison

The current QQQX.TO Sharpe Ratio is 1.81, which is comparable to the QQQ Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of QQQX.TO and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQX.TO vs. QQQ - Drawdown Comparison

The maximum QQQX.TO drawdown since its inception was -22.62%, smaller than the maximum QQQ drawdown of -37.57%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and QQQ.

Drawdown Indicators

	QQQX.TO	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.62%	-37.57%	+14.95%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-12.21%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.34%	—
Current Drawdown Current decline from peak	-4.40%	-3.61%	-0.79%
Average Drawdown Average peak-to-trough decline	-3.90%	-6.67%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.81%	+0.12%

Volatility

QQQX.TO vs. QQQ - Volatility Comparison

The current volatility for Global X Nasdaq-100 Index ETF (QQQX.TO) is 8.31%, while Invesco QQQ ETF (QQQ) has a volatility of 8.84%. This indicates that QQQX.TO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQX.TO	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	8.84%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	15.07%	15.67%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	18.78%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	23.55%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	23.41%	-2.08%

QQQX.TO vs. QQQ - Expense Ratio Comparison

QQQX.TO has a 0.15% expense ratio, which is lower than QQQ's 0.18% 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. QQQ - Dividend Comparison

QQQX.TO's dividend yield for the trailing twelve months is around 0.30%, less than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
QQQX.TO Global X Nasdaq-100 Index ETF	0.30%	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 QQQ in my portfolio?

QQQX.TO and QQQ have a correlation of 0.84, 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 QQQ?

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 QQQ?

QQQX.TO is cheaper with a 0.15% expense ratio, compared with 0.18% for QQQ.

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

QQQX.TO tracks Nasdaq-100 Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.15% for QQQX.TO and 0.18% for QQQ.