VXC.TO vs. QQC.TO

Last updated Jun 14, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index, while QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VXC.TO returned 13.33%/yr vs 20.17%/yr for QQC.TO. Their correlation of 0.86 suggests significant overlap in exposure. VXC.TO charges 0.22%/yr vs 0.20%/yr for QQC.TO.

Performance

VXC.TO vs. QQC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VXC.TO achieves a 13.02% return, which is significantly lower than QQC.TO's 19.71% return.

VXC.TO

• 1D: 0.70%
• 1M: 1.97%
• YTD: 13.02%
• 6M: 13.39%
• 1Y: 30.74%
• 3Y*: 21.19%
• 5Y*: 13.33%
• 10Y*: 13.41%

QQC.TO

• 1D: 0.88%
• 1M: 2.18%
• YTD: 19.71%
• 6M: 19.65%
• 1Y: 41.59%
• 3Y*: 28.38%
• 5Y*: 20.17%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	13.02%	16.12%	26.06%	19.20%	-13.02%	11.33%
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	19.71%	15.38%	35.74%	51.68%	-28.05%	25.39%

Correlation

The correlation between VXC.TO and QQC.TO is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.86

The correlation between VXC.TO and QQC.TO has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

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

Sectors	VXC.TO	QQC.TO
Technology	29.7%	53.8%
Financial Services	15.4%	0.2%
Industrials	11.1%	2.8%
Consumer Cyclical	9.2%	12.3%
Communication Services	8.5%	15.8%
Healthcare	8.5%	4.2%
Consumer Defensive	5.0%	7.7%
Energy	3.8%	0.6%
Basic Materials	3.3%	1.1%
Utilities	2.9%	1.4%
Real Estate	2.0%	0.1%

Return for Risk

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

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

VXC.TO

VXC.TO Risk / Return Rank: 81
VXC.TO Sharpe Ratio Rank: 82
VXC.TO Sortino Ratio Rank: 81
VXC.TO Omega Ratio Rank: 83
VXC.TO Calmar Ratio Rank: 78
VXC.TO Martin Ratio Rank: 82

QQC.TO

QQC.TO Risk / Return Rank: 78
QQC.TO Sharpe Ratio Rank: 86
QQC.TO Sortino Ratio Rank: 81
QQC.TO Omega Ratio Rank: 83
QQC.TO Calmar Ratio Rank: 74
QQC.TO Martin Ratio Rank: 65

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.

VXC.TO vs. QQC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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.

	VXC.TO	QQC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.41	-0.14
Sortino ratio: Return per unit of downside risk	3.11	3.09	+0.01
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.52	3.27	+0.25
Martin ratio: Return relative to average drawdown	14.04	10.24	+3.80

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

The current VXC.TO Sharpe Ratio is 2.27, which is comparable to the QQC.TO Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VXC.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.

Drawdowns

VXC.TO vs. QQC.TO - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, smaller than the maximum QQC.TO drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for VXC.TO and QQC.TO.

Drawdown Indicators

	VXC.TO	QQC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.28%	-31.81%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-12.14%	+3.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	-22.58%	+5.82%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	-31.81%	+10.20%
Max Drawdown (10Y) Largest decline over 10 years	-27.28%	—	—
Current Drawdown Current decline from peak	-0.88%	-2.40%	+1.52%
Average Drawdown Average peak-to-trough decline	-3.89%	-8.02%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.87%	-1.80%

Volatility

VXC.TO vs. QQC.TO - Volatility Comparison

The current volatility for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) is 4.98%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a volatility of 7.25%. This indicates that VXC.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.

Volatility by Period

	VXC.TO	QQC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	7.25%	-2.27%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	13.20%	-2.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.82%	16.51%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	21.02%	-7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	20.94%	-5.62%

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

VXC.TO has a 0.22% 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

VXC.TO vs. QQC.TO - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.23%, more than QQC.TO's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.32%	0.39%	0.45%	0.54%	0.91%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	1.23%	1.39%	1.45%	1.69%	1.82%	1.49%	1.46%	1.81%	1.95%	1.68%	1.86%	1.83%

Frequently Asked Questions

Can I hold both VXC.TO and QQC.TO in my portfolio?

VXC.TO and QQC.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VXC.TO or QQC.TO?

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.

Which ETF is cheaper, VXC.TO or QQC.TO?

QQC.TO is cheaper with a 0.20% expense ratio, compared with 0.22% for VXC.TO.

What is the main difference between VXC.TO and QQC.TO?

VXC.TO is categorized as Global Equities, while QQC.TO is Nasdaq-100. VXC.TO tracks FTSE Global All Cap ex Canada China A Inclusion Index, while QQC.TO tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.22% for VXC.TO and 0.20% for QQC.TO.