VGH.TO vs. QQC-F.TO

Last updated Jun 5, 2026

VGH.TO (Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - VGH.TO is a Dividend fund tracking the S&P U.S. Dividend Growers Index (CAD-hedged), while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, VGH.TO returned 11.39%/yr vs 20.19%/yr for QQC-F.TO. A 0.64 correlation means they provide meaningful diversification when combined. VGH.TO charges 0.31%/yr vs 0.20%/yr for QQC-F.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.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, VGH.TO achieves a 6.89% return, which is significantly lower than QQC-F.TO's 19.18% return. Over the past 10 years, VGH.TO has underperformed QQC-F.TO with an annualized return of 11.39%, while QQC-F.TO has yielded a comparatively higher 20.19% annualized return.

VGH.TO

• 1D: 0.17%
• 1M: 3.17%
• YTD: 6.89%
• 6M: 6.52%
• 1Y: 17.32%
• 3Y*: 14.42%
• 5Y*: 8.88%
• 10Y*: 11.39%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGH.TO Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged	6.89%	11.44%	15.35%	12.77%	-11.08%	22.47%	12.97%	27.74%	-4.59%	21.46%
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%	-2.23%	31.94%

Correlation

The correlation between VGH.TO and QQC-F.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.64

The correlation between VGH.TO and QQC-F.TO has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.

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

Sectors	VGH.TO	QQC-F.TO
Technology	26.2%	53.8%
Financial Services	20.6%	0.2%
Healthcare	16.5%	4.2%
Industrials	11.8%	2.8%
Consumer Defensive	10.1%	7.7%
Consumer Cyclical	4.7%	12.3%
Energy	3.5%	0.6%
Basic Materials	3.5%	1.1%
Utilities	3.2%	1.4%
Communication Services	0.5%	15.8%
Real Estate	-	0.1%

Return for Risk

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

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

VGH.TO

VGH.TO Risk / Return Rank: 49
VGH.TO Sharpe Ratio Rank: 50
VGH.TO Sortino Ratio Rank: 52
VGH.TO Omega Ratio Rank: 48
VGH.TO Calmar Ratio Rank: 43
VGH.TO Martin Ratio Rank: 49

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.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.

	VGH.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.35	-0.64
Sortino ratio: Return per unit of downside risk	2.49	3.14	-0.64
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	2.07	2.83	-0.77
Martin ratio: Return relative to average drawdown	8.18	10.53	-2.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VGH.TO Sharpe Ratio is 1.70, which is comparable to the QQC-F.TO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of VGH.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

	VGH.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.35	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.73	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.90	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.92	-0.20

Drawdowns

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

The maximum VGH.TO drawdown since its inception was -32.82%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for VGH.TO and QQC-F.TO.

Drawdown Indicators

	VGH.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.82%	-36.03%	+3.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-13.16%	+4.74%
Max Drawdown (3Y) Largest decline over 3 years	-15.16%	-22.76%	+7.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.34%	-36.03%	+14.69%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-36.03%	+3.21%
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-3.67%	-5.50%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	3.53%	-1.41%

Volatility

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

The current volatility for Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO) is 2.02%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 4.48%. This indicates that VGH.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

	VGH.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	4.48%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	12.08%	-4.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.21%	15.89%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	22.44%	-8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	22.54%	-6.79%

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

VGH.TO has a 0.31% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

Dividends

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

VGH.TO's dividend yield for the trailing twelve months is around 1.04%, 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%
VGH.TO Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged	1.04%	1.15%	1.28%	1.34%	1.39%	1.22%	1.21%	1.23%	1.58%	1.39%	1.63%	1.81%

Frequently Asked Questions

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

VGH.TO and QQC-F.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, QQC-F.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.31% for VGH.TO.

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

VGH.TO is categorized as Dividend, while QQC-F.TO is Nasdaq-100. VGH.TO tracks S&P U.S. Dividend Growers Index (CAD-hedged), while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.31% for VGH.TO and 0.20% for QQC-F.TO.