QUU.TO vs. QQC-F.TO

Last updated Jun 5, 2026

QUU.TO (Mackenzie US Large Cap Equity Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - QUU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, QUU.TO returned 16.94%/yr vs 16.21%/yr for QQC-F.TO. A 0.72 correlation means they provide meaningful diversification when combined. QUU.TO charges 0.07%/yr vs 0.20%/yr for QQC-F.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie US Large Cap Equity Index ETF (QUU.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, QUU.TO achieves a 13.03% return, which is significantly lower than QQC-F.TO's 19.18% return.

QUU.TO

• 1D: 0.43%
• 1M: 6.93%
• YTD: 13.03%
• 6M: 11.12%
• 1Y: 30.75%
• 3Y*: 24.45%
• 5Y*: 16.94%
• 10Y*: —

QQC-F.TO

• 1D: -0.50%
• 1M: 8.60%
• YTD: 19.18%
• 6M: 17.61%
• 1Y: 37.09%
• 3Y*: 26.30%
• 5Y*: 16.21%
• 10Y*: 20.19%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QUU.TO Mackenzie US Large Cap Equity Index ETF	13.03%	13.08%	35.77%	25.01%	-15.10%	26.45%	18.85%	24.81%	-1.07%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.18%	18.41%	24.19%	52.81%	-33.42%	27.15%	45.04%	37.63%	-9.30%

Correlation

The correlation between QUU.TO and QQC-F.TO is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018	0.72

The correlation between QUU.TO and QQC-F.TO shifts across timeframes, from 0.72 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.

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

Sectors	QUU.TO	QQC-F.TO
Technology	35.3%	53.8%
Communication Services	11.5%	15.8%
Financial Services	11.5%	0.2%
Consumer Cyclical	10.0%	12.3%
Healthcare	8.8%	4.2%
Industrials	8.6%	2.8%
Consumer Defensive	4.8%	7.7%
Energy	3.6%	0.6%
Utilities	2.3%	1.4%
Basic Materials	1.8%	1.1%
Real Estate	1.8%	0.1%

Return for Risk

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

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

QUU.TO

QUU.TO Risk / Return Rank: 76
QUU.TO Sharpe Ratio Rank: 79
QUU.TO Sortino Ratio Rank: 78
QUU.TO Omega Ratio Rank: 79
QUU.TO Calmar Ratio Rank: 71
QUU.TO Martin Ratio Rank: 71

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.

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

This table presents a comparison of risk-adjusted performance metrics for Mackenzie US Large Cap Equity Index ETF (QUU.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.

	QUU.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.35	+0.18
Sortino ratio: Return per unit of downside risk	3.46	3.14	+0.32
Omega ratio: Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	3.51	2.83	+0.67
Martin ratio: Return relative to average drawdown	13.05	10.53	+2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QUU.TO Sharpe Ratio is 2.53, which is comparable to the QQC-F.TO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of QUU.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

	QUU.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.35	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	0.73	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.92	0.00

Drawdowns

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

The maximum QUU.TO drawdown since its inception was -26.86%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for QUU.TO and QQC-F.TO.

Drawdown Indicators

	QUU.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.86%	-36.03%	+9.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-13.16%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	-22.76%	+3.53%
Max Drawdown (5Y) Largest decline over 5 years	-24.00%	-36.03%	+12.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.03%	—
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-4.42%	-5.50%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	3.53%	-1.17%

Volatility

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

The current volatility for Mackenzie US Large Cap Equity Index ETF (QUU.TO) is 3.73%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 4.48%. This indicates that QUU.TO experiences smaller price fluctuations and is considered to be less risky than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUU.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	4.48%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	12.08%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	15.89%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	22.44%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	22.54%	-5.25%

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

QUU.TO has a 0.07% 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

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

QUU.TO's dividend yield for the trailing twelve months is around 0.88%, 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%
QUU.TO Mackenzie US Large Cap Equity Index ETF	0.88%	0.97%	1.00%	1.21%	1.59%	0.98%	1.34%	1.59%	1.55%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

QUU.TO and QQC-F.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, QUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

QUU.TO is cheaper with a 0.07% expense ratio, compared with 0.20% for QQC-F.TO.

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

QUU.TO is categorized as Large Cap Blend Equities, while QQC-F.TO is Nasdaq-100. QUU.TO tracks Solactive US Large Cap CAD Index, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: Mackenzie and Invesco. Their fees differ too: 0.07% for QUU.TO and 0.20% for QQC-F.TO.