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XHD.TO vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XHD.TO vs. XQQ.TO

Last updated Jun 4, 2026

XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and XQQ.TO (iShares 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 XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, XHD.TO returned 6.22%/yr vs 19.70%/yr for XQQ.TO. At a 0.44 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.39%/yr for XQQ.TO.

Performance

XHD.TO vs. XQQ.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 iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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 XQQ.TO's 19.81% return. Over the past 10 years, XHD.TO has underperformed XQQ.TO with an annualized return of 6.22%, while XQQ.TO has yielded a comparatively higher 19.70% 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%

XQQ.TO

1D
-0.27%
1M
10.58%
YTD
19.81%
6M
18.06%
1Y
38.49%
3Y*
26.43%
5Y*
15.31%
10Y*
19.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XHD.TO vs. XQQ.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%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.81%18.38%24.23%52.23%-33.67%22.29%45.23%37.48%-2.33%31.83%

Correlation

The correlation between XHD.TO and XQQ.TO is 0.01, 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

0.01

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

0.44

Over the past year, the correlation between XHD.TO and XQQ.TO has dropped to 0.01 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

XHD.TO vs. XQQ.TO - Sectors Allocation Comparison

Sectors
XHD.TO
XQQ.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%
53.7%

Consumer Cyclical

6.1%
12.2%

Industrials

1.4%
3.1%

Basic Materials

1.2%
1.1%

Communication Services

0.1%
15.8%

Real Estate

-

0.1%

Consumer Defensive

XHD.TO
24.1%
XQQ.TO
7.7%

Energy

XHD.TO
22.3%
XQQ.TO
0.6%

Healthcare

XHD.TO
16.5%
XQQ.TO
4.2%

Financial Services

XHD.TO
11.1%
XQQ.TO
0.2%

Utilities

XHD.TO
9.2%
XQQ.TO
1.4%

Technology

XHD.TO
8.2%
XQQ.TO
53.7%

Consumer Cyclical

XHD.TO
6.1%
XQQ.TO
12.2%

Industrials

XHD.TO
1.4%
XQQ.TO
3.1%

Basic Materials

XHD.TO
1.2%
XQQ.TO
1.1%

Communication Services

XHD.TO
0.1%
XQQ.TO
15.8%

Real Estate

XHD.TO

-

XQQ.TO
0.1%

Compare stocks, funds, or ETFs

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

iShares NASDAQ 100 Index ETF (CAD-Hedged)

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Often compared with XQQ.TO:
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Return for Risk

XHD.TO vs. XQQ.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
XQQ.TO
XQQ.TO Risk / Return Rank: 6666
Overall Rank
XQQ.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 6262
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. XQQ.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 iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.TOXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.04
2.45

-1.41

Sortino ratioReturn per unit of downside risk
1.45
3.20

-1.76

Omega ratioGain probability vs. loss probability

1.20

1.42

-0.23

Calmar ratioReturn relative to maximum drawdown

1.80

3.03

-1.23

Martin ratioReturn relative to average drawdown

5.11

11.31

-6.20

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. XQQ.TO - Sharpe Ratio Comparison

The current XHD.TO Sharpe Ratio is 1.04, which is lower than the XQQ.TO Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of XHD.TO and XQQ.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.TOXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

2.45

-1.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.68

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.89

-0.48

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.86

-0.33

Drawdowns

XHD.TO vs. XQQ.TO - Drawdown Comparison

The maximum XHD.TO drawdown since its inception was -38.71%, roughly equal to the maximum XQQ.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for XHD.TO and XQQ.TO.

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Drawdown Indicators

XHD.TOXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-38.55%

-0.16%

Max Drawdown (1Y)

Largest decline over 1 year

-6.51%

-12.76%

+6.25%

Max Drawdown (3Y)

Largest decline over 3 years

-12.75%

-22.72%

+9.97%

Max Drawdown (5Y)

Largest decline over 5 years

-16.38%

-38.55%

+22.17%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

-38.55%

-0.16%

Current Drawdown

Current decline from peak

-2.45%

-0.27%

-2.18%

Average Drawdown

Average peak-to-trough decline

-3.93%

-5.92%

+1.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

3.41%

-1.12%

Volatility

XHD.TO vs. XQQ.TO - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) is 3.78%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 4.48%. This indicates that XHD.TO experiences smaller price fluctuations and is considered to be less risky than XQQ.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.TOXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

4.48%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

12.00%

-2.60%

Volatility (1Y)

Calculated over the trailing 1-year period

11.28%

15.82%

-4.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.03%

22.52%

-9.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.53%

22.34%

-6.81%

XHD.TO vs. XQQ.TO - Expense Ratio Comparison

XHD.TO has a 0.33% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.

Dividends

XHD.TO vs. XQQ.TO - Dividend Comparison

XHD.TO's dividend yield for the trailing twelve months is around 2.38%, more than XQQ.TO's 0.21% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.21%0.25%0.32%0.31%0.43%0.17%0.26%0.46%0.52%0.53%0.76%0.62%

Frequently Asked Questions

XHD.TO and XQQ.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XHD.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XHD.TO is cheaper with a 0.33% expense ratio, compared with 0.39% for XQQ.TO.

XHD.TO is categorized as Large Cap Blend Equities, while XQQ.TO is Nasdaq-100. Both ETFs track Morningstar US Market TR CAD. Their fees differ too: 0.33% for XHD.TO and 0.39% for XQQ.TO.

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