TULV.TO vs. QQQQ.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Q U.S. Low Volatility ETF (TULV.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.TO).

TULV.TO and QQQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TULV.TO is an actively managed fund by TD. It was launched on May 26, 2020. QQQQ.TO is a passively managed fund by Mackenzie that tracks the performance of the NASDAQ-100 Index. It was launched on Aug 19, 2025.

Performance

TULV.TO vs. QQQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q U.S. Low Volatility ETF (TULV.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

TULV.TO vs. QQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TULV.TO TD Q U.S. Low Volatility ETF	3.26%	0.15%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	-6.15%	7.64%

Returns By Period

In the year-to-date period, TULV.TO achieves a 3.26% return, which is significantly higher than QQQQ.TO's -6.15% return.

TULV.TO

• 1D: 0.26%
• 1M: -3.98%
• YTD: 3.26%
• 6M: 3.11%
• 1Y: -0.99%
• 3Y*: 9.28%
• 5Y*: 10.49%
• 10Y*: —

QQQQ.TO

• 1D: 2.02%
• 1M: -4.24%
• YTD: -6.15%
• 6M: -4.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TULV.TO vs. QQQQ.TO - Expense Ratio Comparison

TULV.TO has a 0.35% expense ratio, which is higher than QQQQ.TO's 0.25% expense ratio.

TULV.TO

TD Q U.S. Low Volatility ETF

QQQQ.TO

Mackenzie NASDAQ 100 Index ETF

Return for Risk

TULV.TO vs. QQQQ.TO — Risk / Return Rank

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

TULV.TO

TULV.TO Risk / Return Rank: 11
TULV.TO Sharpe Ratio Rank: 10
TULV.TO Sortino Ratio Rank: 9
TULV.TO Omega Ratio Rank: 9
TULV.TO Calmar Ratio Rank: 13
TULV.TO Martin Ratio Rank: 12

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.

TULV.TO vs. QQQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q U.S. Low Volatility ETF (TULV.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.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.

	TULV.TO	QQQQ.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.08	—	—
Sortino ratio Return per unit of downside risk	-0.03	—	—
Omega ratio Gain probability vs. loss probability	1.00	—	—
Calmar ratio Return relative to maximum drawdown	0.05	—	—
Martin ratio Return relative to average drawdown	0.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TULV.TO	QQQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.12	+0.64

Correlation

The correlation between TULV.TO and QQQQ.TO is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TULV.TO vs. QQQQ.TO - Dividend Comparison

TULV.TO's dividend yield for the trailing twelve months is around 1.77%, more than QQQQ.TO's 0.12% yield.

	TTM	2025	2024	2023	2022	2021	2020
TULV.TO TD Q U.S. Low Volatility ETF	1.77%	1.80%	1.48%	1.96%	1.57%	1.37%	0.83%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.12%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TULV.TO vs. QQQQ.TO - Drawdown Comparison

The maximum TULV.TO drawdown since its inception was -11.78%, roughly equal to the maximum QQQQ.TO drawdown of -11.95%. Use the drawdown chart below to compare losses from any high point for TULV.TO and QQQQ.TO.

Drawdown Indicators

	TULV.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.78%	-11.95%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.78%	—	—
Current Drawdown Current decline from peak	-4.02%	-10.17%	+6.15%
Average Drawdown Average peak-to-trough decline	-3.58%	-3.94%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	—	—

Volatility

Volatility by Period

	TULV.TO	QQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	16.52%	-4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.01%	16.52%	-4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.58%	16.52%	-4.94%