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VIU.TO vs. QQC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIU.TO vs. QQC.TO

Last updated Jul 12, 2026
Documentation

VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) and QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VIU.TO returned 12.12%/yr vs 18.48%/yr for QQC.TO. A 0.62 correlation means they provide meaningful diversification when combined. VIU.TO charges 0.23%/yr vs 0.20%/yr for QQC.TO.

Performance

VIU.TO vs. QQC.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 (VIU.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.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, VIU.TO achieves a 18.57% return, which is significantly lower than QQC.TO's 21.97% return.

VIU.TO

1D
0.12%
1M
1.60%
6M
13.07%
YTD
18.57%
1Y
32.55%
3Y*
21.34%
5Y*
12.12%
10Y*
10.68%

QQC.TO

1D
0.24%
1M
2.79%
6M
17.96%
YTD
21.97%
1Y
35.78%
3Y*
28.70%
5Y*
18.48%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIU.TO vs. QQC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		18.57%28.36%10.73%15.67%-10.63%4.62%
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		21.97%15.38%35.74%51.68%-28.05%25.39%

Correlation

The correlation between VIU.TO and QQC.TO is 0.69, 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

0.69

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

0.61

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

0.63

Correlation (All Time)
Calculated using the full available price history since May 27, 2021

0.62

The correlation between VIU.TO and QQC.TO has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

VIU.TO vs. QQC.TO - Sectors Allocation Comparison

Sectors
VIU.TO
QQC.TO

Financial Services

21.1%
0.2%

Industrials

19.3%
2.6%

Technology

17.7%
59.6%

Healthcare

8.8%
3.6%

Consumer Cyclical

8.0%
11.1%

Basic Materials

6.4%
1.0%

Consumer Defensive

5.8%
6.3%

Communication Services

3.9%
14.0%

Energy

3.3%
0.5%

Utilities

3.1%
1.1%

Real Estate

2.7%
0.1%

Financial Services

VIU.TO
21.1%
QQC.TO
0.2%

Industrials

VIU.TO
19.3%
QQC.TO
2.6%

Technology

VIU.TO
17.7%
QQC.TO
59.6%

Healthcare

VIU.TO
8.8%
QQC.TO
3.6%

Consumer Cyclical

VIU.TO
8.0%
QQC.TO
11.1%

Basic Materials

VIU.TO
6.4%
QQC.TO
1.0%

Consumer Defensive

VIU.TO
5.8%
QQC.TO
6.3%

Communication Services

VIU.TO
3.9%
QQC.TO
14.0%

Energy

VIU.TO
3.3%
QQC.TO
0.5%

Utilities

VIU.TO
3.1%
QQC.TO
1.1%

Real Estate

VIU.TO
2.7%
QQC.TO
0.1%

Compare stocks, funds, or ETFs

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

Vanguard FTSE Developed All Cap ex North America Index ETF

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VFV.TOVIU.TO vs. VDU.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO
Often compared with QQC.TO:
QQC.TO vs. VFV.TOQQC.TO vs. XQQ.TOQQC.TO vs. QQQQQC.TO vs. TEC.TOQQC.TO vs. HXQ.TOQQC.TO vs. QQC-F.TOQQC.TO vs. QQQM

Return for Risk

VIU.TO vs. QQC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIU.TO
VIU.TO Risk / Return Rank: 7373
Overall Rank
VIU.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 7676
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 7272
Martin Ratio Rank
QQC.TO
QQC.TO Risk / Return Rank: 7373
Overall Rank
QQC.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQC.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
QQC.TO Omega Ratio Rank: 7777
Omega Ratio Rank
QQC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
QQC.TO Martin Ratio Rank: 6464
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.

VIU.TO vs. QQC.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 (VIU.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.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.

VIU.TOQQC.TODifference
Sharpe ratioReturn per unit of total volatility
1.89
2.00

-0.11

Sortino ratioReturn per unit of downside risk
2.61
2.62

-0.02

Omega ratioGain probability vs. loss probability

1.36

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

2.69

2.95

-0.26

Martin ratioReturn relative to average drawdown

10.65

9.09

+1.56

VIU.TO vs. QQC.TO - Sharpe Ratio Comparison

The current VIU.TO Sharpe Ratio is 1.89, which is comparable to the QQC.TO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of VIU.TO and QQC.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

VIU.TO vs. QQC.TO - Drawdown Comparison

The maximum VIU.TO drawdown since its inception was -29.15%, smaller than the maximum QQC.TO drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for VIU.TO and QQC.TO.

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Drawdown Indicators

VIU.TOQQC.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.15%

-31.81%

+2.66%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-12.14%

+0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-14.26%

-22.58%

+8.32%

Max Drawdown (5Y)

Largest decline over 5 years

-25.34%

-31.81%

+6.47%

Max Drawdown (10Y)

Largest decline over 10 years

-29.15%

—

—

Current Drawdown

Current decline from peak

-2.14%

-1.99%

-0.15%

Average Drawdown

Average peak-to-trough decline

-5.29%

-7.93%

+2.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

3.93%

-0.96%

Volatility

VIU.TO vs. QQC.TO - Volatility Comparison

The current volatility for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) is 6.45%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a volatility of 8.38%. This indicates that VIU.TO experiences smaller price fluctuations and is considered to be less risky than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIU.TOQQC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.45%

8.38%

-1.93%

Volatility (6M)

Calculated over the trailing 6-month period

14.84%

14.66%

+0.18%

Volatility (1Y)

Calculated over the trailing 1-year period

16.71%

17.91%

-1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.24%

21.24%

-7.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.00%

21.05%

-6.05%

VIU.TO vs. QQC.TO - Expense Ratio Comparison

VIU.TO has a 0.23% expense ratio, which is higher than QQC.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

VIU.TO vs. QQC.TO - Dividend Comparison

VIU.TO's dividend yield for the trailing twelve months is around 2.24%, more than QQC.TO's 0.31% yield.

PositionTTM20252024202320222021202020192018201720162015
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.31%0.39%0.45%0.54%0.91%0.56%0.00%0.00%0.00%0.00%0.00%0.00%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.24%2.48%2.56%2.66%2.76%2.38%1.98%2.68%2.76%2.13%1.72%0.28%

Frequently Asked Questions

VIU.TO and QQC.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

QQC.TO is cheaper with a 0.20% expense ratio, compared with 0.23% for VIU.TO.

VIU.TO is categorized as International Equity, while QQC.TO is Nasdaq-100. VIU.TO tracks FTSE Developed All Cap ex North America Index, while QQC.TO tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.23% for VIU.TO and 0.20% for QQC.TO.

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