QQQY.TO vs. QQC-F.TO

Last updated Jun 3, 2026

QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both Nasdaq-100 funds - QQQY.TO tracks the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index while QQC-F.TO tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, QQQY.TO returned 54.07% vs 39.82% for QQC-F.TO. Their correlation of 0.93 suggests significant overlap in exposure. QQQY.TO charges 0.74%/yr vs 0.20%/yr for QQC-F.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.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

The year-to-date returns for both stocks are quite close, with QQQY.TO having a 20.83% return and QQC-F.TO slightly lower at 20.05%.

QQQY.TO

• 1D: 0.77%
• 1M: 12.42%
• YTD: 20.83%
• 6M: 20.04%
• 1Y: 54.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQC-F.TO

• 1D: 0.31%
• 1M: 10.75%
• YTD: 20.05%
• 6M: 18.47%
• 1Y: 39.82%
• 3Y*: 26.65%
• 5Y*: 16.78%
• 10Y*: 20.33%

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

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

	2026 (YTD)	2025	2024	2023
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	20.83%	24.48%	28.32%	3,057.47%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	20.05%	18.41%	24.19%	13.53%

Correlation

The correlation between QQQY.TO and QQC-F.TO is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Oct 5, 2023	0.93

The correlation between QQQY.TO and QQC-F.TO has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

QQQY.TO vs. QQC-F.TO - Sectors Allocation Comparison

Sectors	QQQY.TO	QQC-F.TO
Technology	79.0%	53.8%
Communication Services	19.7%	15.8%
Consumer Cyclical	1.0%	12.3%
Industrials	0.3%	2.8%
Basic Materials	-	1.1%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

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

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

QQQY.TO

QQQY.TO Risk / Return Rank: 79
QQQY.TO Sharpe Ratio Rank: 87
QQQY.TO Sortino Ratio Rank: 80
QQQY.TO Omega Ratio Rank: 81
QQQY.TO Calmar Ratio Rank: 73
QQQY.TO Martin Ratio Rank: 75

QQC-F.TO

QQC-F.TO Risk / Return Rank: 69
QQC-F.TO Sharpe Ratio Rank: 76
QQC-F.TO Sortino Ratio Rank: 72
QQC-F.TO Omega Ratio Rank: 71
QQC-F.TO Calmar Ratio Rank: 62
QQC-F.TO Martin Ratio Rank: 64

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.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.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.

	QQQY.TO	QQC-F.TO	Difference
Sharpe ratio Return per unit of total volatility	2.90	2.52	+0.38
Sortino ratio Return per unit of downside risk	3.62	3.33	+0.29
Omega ratio Gain probability vs. loss probability	1.49	1.43	+0.06
Calmar ratio Return relative to maximum drawdown	3.72	3.12	+0.60
Martin ratio Return relative to average drawdown	14.64	11.63	+3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QQQY.TO Sharpe Ratio is 2.90, which is comparable to the QQC-F.TO Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of QQQY.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

	QQQY.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	2.52	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.92	-0.69

Drawdowns

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

The maximum QQQY.TO drawdown since its inception was -26.27%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for QQQY.TO and QQC-F.TO.

Drawdown Indicators

	QQQY.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.27%	-36.03%	+9.76%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-13.16%	-1.75%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.03%	-5.50%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	3.53%	+0.26%

Volatility

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

Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) have volatilities of 4.64% and 4.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	4.48%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	14.68%	12.09%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	15.90%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,613.46%	22.46%	+1,591.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,613.46%	22.55%	+1,590.91%

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

QQQY.TO has a 0.74% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

Dividends

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

QQQY.TO's dividend yield for the trailing twelve months is around 12.27%, 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%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	12.27%	13.97%	14.09%	2.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 0.94, QQQY.TO and QQC-F.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, QQQY.TO or QQC-F.TO?

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.74% for QQQY.TO.

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

QQQY.TO tracks NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: Evolve and Invesco. Their fees differ too: 0.74% for QQQY.TO and 0.20% for QQC-F.TO.