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TLF.TO vs. QQQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLF.TO vs. QQQT.TO

Last updated Jul 16, 2026
Documentation

TLF.TO (Brompton Tech Leaders Income ETF) and QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) are both exchange-traded funds - TLF.TO is a Technology Equities fund actively managed by Brompton, while QQQT.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index. TLF.TO is actively managed, while QQQT.TO is passively managed. Over the past 3 years, TLF.TO returned 26.00%/yr vs 33.59%/yr for QQQT.TO. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

TLF.TO vs. QQQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Tech Leaders Income ETF (TLF.TO) and Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with TLF.TO having a 27.21% return and QQQT.TO slightly lower at 26.34%.

TLF.TO

1D
-1.40%
1M
-3.87%
6M
25.65%
YTD
27.21%
1Y
38.85%
3Y*
26.00%
5Y*
17.07%
10Y*
21.83%

QQQT.TO

1D
-0.06%
1M
-2.23%
6M
25.59%
YTD
26.34%
1Y
46.80%
3Y*
33.59%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLF.TO vs. QQQT.TO - Yearly Performance Comparison

2026 (YTD)202520242023
TLF.TO
Brompton Tech Leaders Income ETF		27.21%18.20%21.45%13.20%
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged		26.34%30.06%28.24%14.98%

Correlation

The correlation between TLF.TO and QQQT.TO is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2023

0.81

The correlation between TLF.TO and QQQT.TO shifts across timeframes, from 0.81 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Brompton Tech Leaders Income ETF

Evolve NASDAQ Technology Index Fund CAD Hedged

Often compared with QQQT.TO:
QQQT.TO vs. QQQQQQT.TO vs. QQQMQQQT.TO vs. XEQT.TOQQQT.TO vs. TEC.TOQQQT.TO vs. VFV.TOQQQT.TO vs. AAPLQQQT.TO vs. XQQ.TO

Return for Risk

TLF.TO vs. QQQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLF.TO
TLF.TO Risk / Return Rank: 5959
Overall Rank
TLF.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
TLF.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
TLF.TO Omega Ratio Rank: 5656
Omega Ratio Rank
TLF.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
TLF.TO Martin Ratio Rank: 6464
Martin Ratio Rank
QQQT.TO
QQQT.TO Risk / Return Rank: 6767
Overall Rank
QQQT.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
QQQT.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
QQQT.TO Omega Ratio Rank: 6666
Omega Ratio Rank
QQQT.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
QQQT.TO Martin Ratio Rank: 6565
Martin Ratio Rank
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.

TLF.TO vs. QQQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Tech Leaders Income ETF (TLF.TO) and Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.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.

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.

TLF.TOQQQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.60
1.87

-0.27

Sortino ratioReturn per unit of downside risk
2.04
2.40

-0.37

Omega ratioGain probability vs. loss probability

1.29

1.32

-0.03

Calmar ratioReturn relative to maximum drawdown

2.65

2.71

-0.06

Martin ratioReturn relative to average drawdown

9.20

9.46

-0.26

TLF.TO vs. QQQT.TO - Sharpe Ratio Comparison

The current TLF.TO Sharpe Ratio is 1.60, which is comparable to the QQQT.TO Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of TLF.TO and QQQT.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.

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Drawdowns

TLF.TO vs. QQQT.TO - Drawdown Comparison

The maximum TLF.TO drawdown since its inception was -37.19%, which is greater than QQQT.TO's maximum drawdown of -30.32%. Use the drawdown chart below to compare losses from any high point for TLF.TO and QQQT.TO.

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Drawdown Indicators

TLF.TOQQQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.19%

-30.32%

-6.87%

Max Drawdown (1Y)

Largest decline over 1 year

-14.73%

-17.37%

+2.64%

Max Drawdown (3Y)

Largest decline over 3 years

-24.99%

-30.32%

+5.33%

Max Drawdown (5Y)

Largest decline over 5 years

-37.19%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.19%

—

—

Current Drawdown

Current decline from peak

-6.84%

-4.21%

-2.63%

Average Drawdown

Average peak-to-trough decline

-7.35%

-5.42%

-1.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.24%

4.96%

-0.72%

Volatility

TLF.TO vs. QQQT.TO - Volatility Comparison

Brompton Tech Leaders Income ETF (TLF.TO) has a higher volatility of 13.38% compared to Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) at 9.75%. This indicates that TLF.TO's price experiences larger fluctuations and is considered to be riskier than QQQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TLF.TOQQQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.38%

9.75%

+3.63%

Volatility (6M)

Calculated over the trailing 6-month period

21.66%

21.02%

+0.64%

Volatility (1Y)

Calculated over the trailing 1-year period

24.42%

25.18%

-0.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.80%

30.79%

-4.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.20%

30.79%

-6.59%

Dividends

TLF.TO vs. QQQT.TO - Dividend Comparison

TLF.TO's dividend yield for the trailing twelve months is around 5.41%, more than QQQT.TO's 0.24% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged		0.24%0.30%0.39%0.26%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TLF.TO
Brompton Tech Leaders Income ETF		5.41%5.90%5.86%5.31%6.97%3.40%3.49%4.64%6.05%5.94%7.67%7.63%

Frequently Asked Questions

With a correlation of 0.92, TLF.TO and QQQT.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.

TLF.TO is categorized as Technology Equities, while QQQT.TO is Nasdaq-100. They also come from different issuers: Brompton and Evolve.

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