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VFV.TO vs. QQC-F.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFV.TO vs. QQC-F.TO

Last updated Jun 14, 2026

VFV.TO (Vanguard S&P 500 Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, VFV.TO returned 16.12%/yr vs 20.16%/yr for QQC-F.TO. A 0.74 correlation means they provide meaningful diversification when combined. VFV.TO charges 0.09%/yr vs 0.20%/yr for QQC-F.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VFV.TO achieves a 11.07% return, which is significantly lower than QQC-F.TO's 16.04% return. Over the past 10 years, VFV.TO has underperformed QQC-F.TO with an annualized return of 16.12%, while QQC-F.TO has yielded a comparatively higher 20.16% annualized return.

VFV.TO

1D
0.74%
1M
1.03%
YTD
11.07%
6M
10.94%
1Y
29.19%
3Y*
22.63%
5Y*
16.33%
10Y*
16.12%

QQC-F.TO

1D
0.65%
1M
-0.06%
YTD
16.04%
6M
16.23%
1Y
34.78%
3Y*
24.55%
5Y*
15.31%
10Y*
20.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
VFV.TO
Vanguard S&P 500 Index ETF		11.07%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		16.04%18.79%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%

Correlation

The correlation between VFV.TO and QQC-F.TO is 0.83, 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

0.83

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

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.74

The correlation between VFV.TO and QQC-F.TO shifts across timeframes, from 0.74 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
VFV.TO
QQC-F.TO

Technology

35.7%
53.8%

Financial Services

11.6%
0.2%

Communication Services

11.3%
15.8%

Consumer Cyclical

10.2%
12.3%

Healthcare

8.5%
4.2%

Industrials

8.3%
2.8%

Consumer Defensive

4.9%
7.7%

Energy

3.5%
0.6%

Utilities

2.4%
1.4%

Real Estate

1.9%
0.1%

Basic Materials

1.8%
1.1%

Technology

VFV.TO
35.7%
QQC-F.TO
53.8%

Financial Services

VFV.TO
11.6%
QQC-F.TO
0.2%

Communication Services

VFV.TO
11.3%
QQC-F.TO
15.8%

Consumer Cyclical

VFV.TO
10.2%
QQC-F.TO
12.3%

Healthcare

VFV.TO
8.5%
QQC-F.TO
4.2%

Industrials

VFV.TO
8.3%
QQC-F.TO
2.8%

Consumer Defensive

VFV.TO
4.9%
QQC-F.TO
7.7%

Energy

VFV.TO
3.5%
QQC-F.TO
0.6%

Utilities

VFV.TO
2.4%
QQC-F.TO
1.4%

Real Estate

VFV.TO
1.9%
QQC-F.TO
0.1%

Basic Materials

VFV.TO
1.8%
QQC-F.TO
1.1%

Compare stocks, funds, or ETFs

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

Vanguard S&P 500 Index ETF

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO
Often compared with QQC-F.TO:
QQC-F.TO vs. QQC.TOQQC-F.TO vs. XEQT.TOQQC-F.TO vs. QQQQQC-F.TO vs. HXQ.TOQQC-F.TO vs. QQQMQQC-F.TO vs. XQQ.TOQQC-F.TO vs. MON100.NS

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFV.TO
VFV.TO Risk / Return Rank: 7979
Overall Rank
VFV.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7474
Martin Ratio Rank
QQC-F.TO
QQC-F.TO Risk / Return Rank: 6464
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 6565
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 6666
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 5959
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.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.

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.

VFV.TOQQC-F.TODifference
Sharpe ratioReturn per unit of total volatility
2.33
1.95

+0.39

Sortino ratioReturn per unit of downside risk
3.14
2.58

+0.56

Omega ratioGain probability vs. loss probability

1.43

1.34

+0.09

Calmar ratioReturn relative to maximum drawdown

3.21

2.55

+0.66

Martin ratioReturn relative to average drawdown

12.10

9.27

+2.83

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

The current VFV.TO Sharpe Ratio is 2.33, which is comparable to the QQC-F.TO Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of VFV.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.

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Drawdowns

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

The maximum VFV.TO drawdown since its inception was -27.43%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for VFV.TO and QQC-F.TO.

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Drawdown Indicators

VFV.TOQQC-F.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.43%

-36.03%

+8.60%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-12.98%

+4.36%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-22.76%

+3.71%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-36.03%

+13.84%

Max Drawdown (10Y)

Largest decline over 10 years

-27.43%

-36.03%

+8.60%

Current Drawdown

Current decline from peak

-1.46%

-3.44%

+1.98%

Average Drawdown

Average peak-to-trough decline

-3.35%

-5.49%

+2.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

3.57%

-1.29%

Volatility

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

The current volatility for Vanguard S&P 500 Index ETF (VFV.TO) is 4.49%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 7.16%. This indicates that VFV.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.

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Volatility by Period

VFV.TOQQC-F.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

7.16%

-2.67%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

13.58%

-4.36%

Volatility (1Y)

Calculated over the trailing 1-year period

11.86%

17.01%

-5.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.99%

22.60%

-7.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

22.62%

-6.02%

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

VFV.TO has a 0.09% 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

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

VFV.TO's dividend yield for the trailing twelve months is around 0.84%, more than QQC-F.TO's 0.34% yield.

PositionTTM20252024202320222021202020192018201720162015
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.34%0.39%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%
VFV.TO
Vanguard S&P 500 Index ETF		0.84%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%

Frequently Asked Questions

VFV.TO and QQC-F.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.20% for QQC-F.TO.

VFV.TO is categorized as S&P 500, while QQC-F.TO is Nasdaq-100. VFV.TO tracks S&P 500 Index, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.09% for VFV.TO and 0.20% for QQC-F.TO.

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