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XHD.TO vs. QQC-F.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XHD.TO vs. QQC-F.TO

Last updated Jun 4, 2026

XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - XHD.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XHD.TO returned 6.22%/yr vs 20.30%/yr for QQC-F.TO. At a 0.42 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.20%/yr for QQC-F.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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, XHD.TO achieves a 11.94% return, which is significantly lower than QQC-F.TO's 19.79% return. Over the past 10 years, XHD.TO has underperformed QQC-F.TO with an annualized return of 6.22%, while QQC-F.TO has yielded a comparatively higher 20.30% annualized return.

XHD.TO

1D
0.83%
1M
0.69%
YTD
11.94%
6M
5.51%
1Y
11.69%
3Y*
9.73%
5Y*
6.55%
10Y*
6.22%

QQC-F.TO

1D
-0.22%
1M
10.71%
YTD
19.79%
6M
17.83%
1Y
38.43%
3Y*
26.56%
5Y*
16.33%
10Y*
20.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		11.94%3.92%9.50%-0.07%4.22%17.88%-9.51%17.96%-5.62%11.73%
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		19.79%18.41%24.19%52.81%-33.42%27.15%45.04%37.63%-2.23%31.94%

Correlation

The correlation between XHD.TO and QQC-F.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.00

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

0.11

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

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Aug 21, 2012

0.42

Over the past year, the correlation between XHD.TO and QQC-F.TO has dropped to 0.00 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

XHD.TO vs. QQC-F.TO - Sectors Allocation Comparison

Sectors
XHD.TO
QQC-F.TO

Consumer Defensive

24.1%
7.7%

Energy

22.3%
0.6%

Healthcare

16.5%
4.2%

Financial Services

11.1%
0.2%

Utilities

9.2%
1.4%

Technology

8.2%
53.8%

Consumer Cyclical

6.1%
12.3%

Industrials

1.4%
2.8%

Basic Materials

1.2%
1.1%

Communication Services

0.1%
15.8%

Real Estate

-

0.1%

Consumer Defensive

XHD.TO
24.1%
QQC-F.TO
7.7%

Energy

XHD.TO
22.3%
QQC-F.TO
0.6%

Healthcare

XHD.TO
16.5%
QQC-F.TO
4.2%

Financial Services

XHD.TO
11.1%
QQC-F.TO
0.2%

Utilities

XHD.TO
9.2%
QQC-F.TO
1.4%

Technology

XHD.TO
8.2%
QQC-F.TO
53.8%

Consumer Cyclical

XHD.TO
6.1%
QQC-F.TO
12.3%

Industrials

XHD.TO
1.4%
QQC-F.TO
2.8%

Basic Materials

XHD.TO
1.2%
QQC-F.TO
1.1%

Communication Services

XHD.TO
0.1%
QQC-F.TO
15.8%

Real Estate

XHD.TO

-

QQC-F.TO
0.1%

Compare stocks, funds, or ETFs

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iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)

Invesco NASDAQ 100 Index ETF CAD Hedged

Often compared with XHD.TO:
XHD.TO vs. SCHDXHD.TO vs. XDIV.TOXHD.TO vs. VDY.TOXHD.TO vs. XEQT.TOXHD.TO vs. XDGH.TOXHD.TO vs. XDU.TOXHD.TO vs. HDIVX
Often compared with QQC-F.TO:
QQC-F.TO vs. QQC.TOQQC-F.TO vs. XEQT.TOQQC-F.TO vs. QQQQQC-F.TO vs. HXQ.TOQQC-F.TO vs. QQQMQQC-F.TO vs. XQQ.TOQQC-F.TO vs. VFV.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XHD.TO
XHD.TO Risk / Return Rank: 3030
Overall Rank
XHD.TO Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
XHD.TO Sortino Ratio Rank: 2626
Sortino Ratio Rank
XHD.TO Omega Ratio Rank: 2828
Omega Ratio Rank
XHD.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
XHD.TO Martin Ratio Rank: 3333
Martin Ratio Rank
QQC-F.TO
QQC-F.TO Risk / Return Rank: 6666
Overall Rank
QQC-F.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
QQC-F.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
QQC-F.TO Omega Ratio Rank: 6868
Omega Ratio Rank
QQC-F.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
QQC-F.TO Martin Ratio Rank: 6060
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.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.

XHD.TOQQC-F.TODifference
Sharpe ratioReturn per unit of total volatility
1.04
2.43

-1.39

Sortino ratioReturn per unit of downside risk
1.45
3.23

-1.79

Omega ratioGain probability vs. loss probability

1.20

1.42

-0.22

Calmar ratioReturn relative to maximum drawdown

1.80

2.93

-1.13

Martin ratioReturn relative to average drawdown

5.11

10.91

-5.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XHD.TO Sharpe Ratio is 1.04, which is lower than the QQC-F.TO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of XHD.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.

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Sharpe Ratios by Period

XHD.TOQQC-F.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

2.43

-1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.73

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.91

-0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.92

-0.39

Drawdowns

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

The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than QQC-F.TO's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for XHD.TO and QQC-F.TO.

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Drawdown Indicators

XHD.TOQQC-F.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-36.03%

-2.68%

Max Drawdown (1Y)

Largest decline over 1 year

-6.51%

-13.16%

+6.65%

Max Drawdown (3Y)

Largest decline over 3 years

-12.75%

-22.76%

+10.01%

Max Drawdown (5Y)

Largest decline over 5 years

-16.38%

-36.03%

+19.65%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

-36.03%

-2.68%

Current Drawdown

Current decline from peak

-2.45%

-0.22%

-2.23%

Average Drawdown

Average peak-to-trough decline

-3.93%

-5.50%

+1.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

3.53%

-1.24%

Volatility

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

The current volatility for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) is 3.78%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 4.49%. This indicates that XHD.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.

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Volatility by Period

XHD.TOQQC-F.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

4.49%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

12.08%

-2.68%

Volatility (1Y)

Calculated over the trailing 1-year period

11.28%

15.89%

-4.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.03%

22.45%

-9.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.53%

22.54%

-7.01%

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

XHD.TO has a 0.33% expense ratio, which is higher than QQC-F.TO's 0.20% expense ratio.

Dividends

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

XHD.TO's dividend yield for the trailing twelve months is around 2.38%, while QQC-F.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged		0.00%0.09%0.50%0.57%0.89%0.66%0.49%0.64%0.77%0.66%0.81%0.76%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		2.38%2.61%2.99%3.09%2.69%2.81%3.44%2.46%2.81%2.36%2.48%3.00%

Frequently Asked Questions

XHD.TO and QQC-F.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

QQC-F.TO is cheaper with a 0.20% expense ratio, compared with 0.33% for XHD.TO.

XHD.TO is categorized as Large Cap Blend Equities, while QQC-F.TO is Nasdaq-100. XHD.TO tracks Morningstar US Market TR CAD, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.33% for XHD.TO and 0.20% for QQC-F.TO.

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