XEQT.TO vs. QQQ
Compare and contrast key facts about iShares Core Equity ETF Portfolio (XEQT.TO) and Invesco QQQ (QQQ).
XEQT.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both XEQT.TO and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XEQT.TO or QQQ.
Correlation
The correlation between XEQT.TO and QQQ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XEQT.TO vs. QQQ - Performance Comparison
Key characteristics
XEQT.TO:
0.81
QQQ:
0.47
XEQT.TO:
1.19
QQQ:
0.82
XEQT.TO:
1.18
QQQ:
1.11
XEQT.TO:
0.84
QQQ:
0.52
XEQT.TO:
3.95
QQQ:
1.79
XEQT.TO:
3.22%
QQQ:
6.64%
XEQT.TO:
15.64%
QQQ:
25.28%
XEQT.TO:
-29.74%
QQQ:
-82.98%
XEQT.TO:
-7.04%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, XEQT.TO achieves a -2.60% return, which is significantly higher than QQQ's -7.43% return.
XEQT.TO
-2.60%
-3.75%
-0.06%
13.29%
13.48%
N/A
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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XEQT.TO vs. QQQ - Expense Ratio Comparison
Both XEQT.TO and QQQ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XEQT.TO vs. QQQ — Risk-Adjusted Performance Rank
XEQT.TO
QQQ
XEQT.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and Invesco QQQ (QQQ). 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.
Dividends
XEQT.TO vs. QQQ - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 2.08%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 2.08% | 2.03% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
XEQT.TO vs. QQQ - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
XEQT.TO vs. QQQ - Volatility Comparison
The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 12.65%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.