XFH.TO vs. QQC.TO
Compare and contrast key facts about iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO).
XFH.TO and QQC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XFH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM xNA GR CAD. It was launched on Feb 10, 2015. QQC.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021. Both XFH.TO and QQC.TO 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: XFH.TO or QQC.TO.
Key characteristics
| XFH.TO | QQC.TO | |
|---|---|---|
| YTD Return | 10.92% | 18.42% |
| 1Y Return | 14.77% | 29.60% |
| 3Y Return (Ann) | 5.62% | 11.07% |
| Sharpe Ratio | 1.38 | 1.70 |
| Daily Std Dev | 10.89% | 16.84% |
| Max Drawdown | -33.85% | -31.81% |
| Current Drawdown | -3.24% | -6.33% |
Correlation
The correlation between XFH.TO and QQC.TO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XFH.TO vs. QQC.TO - Performance Comparison
In the year-to-date period, XFH.TO achieves a 10.92% return, which is significantly lower than QQC.TO's 18.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XFH.TO vs. QQC.TO - Expense Ratio Comparison
XFH.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%.
Risk-Adjusted Performance
XFH.TO vs. QQC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.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.
Dividends
XFH.TO vs. QQC.TO - Dividend Comparison
XFH.TO's dividend yield for the trailing twelve months is around 2.85%, more than QQC.TO's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) | 2.85% | 2.93% | 2.93% | 2.31% | 1.74% | 2.45% | 2.68% | 2.13% | 2.04% | 2.47% |
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.52% | 0.54% | 0.91% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XFH.TO vs. QQC.TO - Drawdown Comparison
The maximum XFH.TO drawdown since its inception was -33.85%, which is greater than QQC.TO's maximum drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for XFH.TO and QQC.TO. For additional features, visit the drawdowns tool.
Volatility
XFH.TO vs. QQC.TO - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) is 4.64%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) has a volatility of 5.92%. This indicates that XFH.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.