TLV.TO vs. QQC-F.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO).

TLV.TO and QQC-F.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLV.TO is a passively managed fund by Invesco that tracks the performance of the S&P/TSX Composite Low Volatility Index. It was launched on Apr 24, 2012. QQC-F.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021. Both TLV.TO and QQC-F.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TLV.TO Invesco S&P/TSX Composite Low Volatility Index ETF	4.23%	22.51%	20.36%	4.75%	-10.22%	21.67%	-6.10%	22.29%	-6.62%	10.15%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	-5.48%	18.41%	24.19%	52.81%	-33.42%	27.15%	45.04%	37.63%	-2.23%	31.94%

Returns By Period

In the year-to-date period, TLV.TO achieves a 4.23% return, which is significantly higher than QQC-F.TO's -5.48% return. Over the past 10 years, TLV.TO has underperformed QQC-F.TO with an annualized return of 8.42%, while QQC-F.TO has yielded a comparatively higher 17.51% annualized return.

TLV.TO

• 1D: 0.35%
• 1M: -2.44%
• YTD: 4.23%
• 6M: 9.74%
• 1Y: 22.49%
• 3Y*: 16.18%
• 5Y*: 10.01%
• 10Y*: 8.42%

QQC-F.TO

• 1D: 1.03%
• 1M: -4.11%
• YTD: -5.48%
• 6M: -4.18%
• 1Y: 21.25%
• 3Y*: 20.89%
• 5Y*: 11.67%
• 10Y*: 17.51%

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

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

TLV.TO has a 0.33% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

TLV.TO

Invesco S&P/TSX Composite Low Volatility Index ETF

QQC-F.TO

Invesco NASDAQ 100 Index ETF CAD Hedged

Return for Risk

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

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

TLV.TO

TLV.TO Risk / Return Rank: 95
TLV.TO Sharpe Ratio Rank: 95
TLV.TO Sortino Ratio Rank: 96
TLV.TO Omega Ratio Rank: 96
TLV.TO Calmar Ratio Rank: 91
TLV.TO Martin Ratio Rank: 96

QQC-F.TO

QQC-F.TO Risk / Return Rank: 56
QQC-F.TO Sharpe Ratio Rank: 51
QQC-F.TO Sortino Ratio Rank: 56
QQC-F.TO Omega Ratio Rank: 54
QQC-F.TO Calmar Ratio Rank: 63
QQC-F.TO Martin Ratio Rank: 58

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.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.

	TLV.TO	QQC-F.TO	Difference
Sharpe ratio Return per unit of total volatility	2.51	0.96	+1.56
Sortino ratio Return per unit of downside risk	3.32	1.52	+1.81
Omega ratio Gain probability vs. loss probability	1.54	1.21	+0.32
Calmar ratio Return relative to maximum drawdown	3.64	1.68	+1.96
Martin ratio Return relative to average drawdown	19.40	5.88	+13.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TLV.TO Sharpe Ratio is 2.51, which is higher than the QQC-F.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of TLV.TO and QQC-F.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TLV.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	0.96	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.52	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.78	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.84	-0.97

Correlation

The correlation between TLV.TO and QQC-F.TO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

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

TLV.TO's dividend yield for the trailing twelve months is around 3.15%, while QQC-F.TO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLV.TO Invesco S&P/TSX Composite Low Volatility Index ETF	3.15%	3.25%	3.40%	4.12%	4.01%	2.49%	2.75%	3.74%	4.28%	3.58%	3.46%	4.08%
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%

Drawdowns

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

The maximum TLV.TO drawdown since its inception was -81.40%, which is greater than QQC-F.TO's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for TLV.TO and QQC-F.TO.

Drawdown Indicators

	TLV.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-81.40%	-36.03%	-45.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-13.16%	+6.59%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-36.03%	+16.67%
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	-36.03%	-1.65%
Current Drawdown Current decline from peak	-36.32%	-9.00%	-27.32%
Average Drawdown Average peak-to-trough decline	-64.70%	-5.55%	-59.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	3.76%	-2.53%

Volatility

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

The current volatility for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) is 3.06%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 6.70%. This indicates that TLV.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

	TLV.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	6.70%	-3.64%
Volatility (6M) Calculated over the trailing 6-month period	5.70%	12.87%	-7.17%
Volatility (1Y) Calculated over the trailing 1-year period	9.05%	22.30%	-13.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.89%	22.47%	-12.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.66%	22.49%	-9.83%