VI.TO vs. QQC-F.TO

Last updated Jul 16, 2026

VI.TO (Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - VI.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, VI.TO returned 11.44%/yr vs 19.70%/yr for QQC-F.TO. A 0.65 correlation means they provide meaningful diversification when combined. VI.TO charges 0.22%/yr vs 0.20%/yr for QQC-F.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.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

The year-to-date returns for both stocks are quite close, with VI.TO having a 16.22% return and QQC-F.TO slightly lower at 15.57%. Over the past 10 years, VI.TO has underperformed QQC-F.TO with an annualized return of 11.44%, while QQC-F.TO has yielded a comparatively higher 19.70% annualized return.

VI.TO

• 1D: -0.24%
• 1M: -1.42%
• 6M: 10.87%
• YTD: 16.22%
• 1Y: 31.31%
• 3Y*: 19.08%
• 5Y*: 12.97%
• 10Y*: 11.44%

QQC-F.TO

• 1D: -0.05%
• 1M: -3.44%
• 6M: 14.71%
• YTD: 15.57%
• 1Y: 26.79%
• 3Y*: 22.50%
• 5Y*: 14.03%
• 10Y*: 19.70%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	16.22%	24.50%	10.42%	19.42%	-7.79%	17.72%	2.77%	21.87%	-11.37%	18.07%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	15.57%	18.79%	24.19%	52.81%	-33.42%	27.15%	45.04%	37.63%	-2.23%	31.94%

Correlation

The correlation between VI.TO and QQC-F.TO is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 8, 2015	0.65

The correlation between VI.TO and QQC-F.TO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

Return for Risk

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

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

VI.TO

VI.TO Risk / Return Rank: 82
VI.TO Sharpe Ratio Rank: 83
VI.TO Sortino Ratio Rank: 82
VI.TO Omega Ratio Rank: 85
VI.TO Calmar Ratio Rank: 77
VI.TO Martin Ratio Rank: 82

QQC-F.TO

QQC-F.TO Risk / Return Rank: 51
QQC-F.TO Sharpe Ratio Rank: 52
QQC-F.TO Sortino Ratio Rank: 49
QQC-F.TO Omega Ratio Rank: 50
QQC-F.TO Calmar Ratio Rank: 51
QQC-F.TO Martin Ratio Rank: 53

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.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.

	VI.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.46	+0.66
Sortino ratio: Return per unit of downside risk	2.92	1.99	+0.92
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	3.21	2.07	+1.14
Martin ratio: Return relative to average drawdown	12.66	7.23	+5.43

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

The current VI.TO Sharpe Ratio is 2.12, which is higher than the QQC-F.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of VI.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.

Drawdowns

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

The maximum VI.TO drawdown since its inception was -33.53%, smaller than the maximum QQC-F.TO drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for VI.TO and QQC-F.TO.

Drawdown Indicators

	VI.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-33.53%	-36.03%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-12.98%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-13.80%	-22.76%	+8.96%
Max Drawdown (5Y) Largest decline over 5 years	-16.65%	-36.03%	+19.38%
Max Drawdown (10Y) Largest decline over 10 years	-33.53%	-36.03%	+2.50%
Current Drawdown Current decline from peak	-3.41%	-3.83%	+0.42%
Average Drawdown Average peak-to-trough decline	-4.16%	-5.48%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	3.72%	-1.24%

Volatility

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

The current volatility for Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) is 5.29%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 7.41%. This indicates that VI.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

	VI.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	7.41%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	15.16%	-2.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	18.46%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	22.84%	-8.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	22.68%	-6.95%

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

VI.TO has a 0.22% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

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

VI.TO's dividend yield for the trailing twelve months is around 2.26%, more than QQC-F.TO's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.33%	0.39%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	2.26%	2.44%	2.60%	2.61%	2.84%	2.31%	1.98%	2.64%	2.75%	2.07%	1.62%	0.27%

Frequently Asked Questions

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

VI.TO and QQC-F.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.22% for VI.TO.

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

VI.TO is categorized as International Equity, while QQC-F.TO is Nasdaq-100. VI.TO tracks FTSE Developed All Cap ex North America Index, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.22% for VI.TO and 0.20% for QQC-F.TO.