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XIT.TO vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIT.TO vs. HXQ.TO

Last updated Jun 13, 2026

XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and HXQ.TO (Horizons NASDAQ-100 Index ETF) are both exchange-traded funds - XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XIT.TO returned 17.72%/yr vs 22.27%/yr for HXQ.TO. A 0.65 correlation means they provide meaningful diversification when combined. XIT.TO charges 0.60%/yr vs 0.25%/yr for HXQ.TO.

Performance

XIT.TO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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, XIT.TO achieves a -7.03% return, which is significantly lower than HXQ.TO's 19.67% return. Over the past 10 years, XIT.TO has underperformed HXQ.TO with an annualized return of 17.72%, while HXQ.TO has yielded a comparatively higher 22.27% annualized return.

XIT.TO

1D
-1.05%
1M
13.98%
YTD
-7.03%
6M
-8.75%
1Y
5.67%
3Y*
16.18%
5Y*
7.18%
10Y*
17.72%

HXQ.TO

1D
0.78%
1M
3.00%
YTD
19.67%
6M
19.59%
1Y
39.46%
3Y*
28.29%
5Y*
19.92%
10Y*
22.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIT.TO vs. HXQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		-7.03%15.48%30.02%55.56%-35.85%10.74%45.91%60.88%11.71%17.09%
HXQ.TO
Horizons NASDAQ-100 Index ETF		19.67%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%

Correlation

The correlation between XIT.TO and HXQ.TO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.58

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

0.66

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

0.71

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

0.65

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.65

The correlation between XIT.TO and HXQ.TO shifts across timeframes, from 0.58 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

XIT.TO vs. HXQ.TO - Sectors Allocation Comparison

Sectors
XIT.TO
HXQ.TO

Technology

99.8%
55.9%

Financial Services

0.8%
0.3%

Industrials

0.2%
3.1%

Basic Materials

-

1.0%

Communication Services

-

15.8%

Consumer Cyclical

-

13.2%

Consumer Defensive

-

4.4%

Energy

-

0.5%

Healthcare

-

4.4%

Real Estate

-

0.2%

Utilities

-

1.4%

Technology

XIT.TO
99.8%
HXQ.TO
55.9%

Financial Services

XIT.TO
0.8%
HXQ.TO
0.3%

Industrials

XIT.TO
0.2%
HXQ.TO
3.1%

Basic Materials

XIT.TO

-

HXQ.TO
1.0%

Communication Services

XIT.TO

-

HXQ.TO
15.8%

Consumer Cyclical

XIT.TO

-

HXQ.TO
13.2%

Consumer Defensive

XIT.TO

-

HXQ.TO
4.4%

Energy

XIT.TO

-

HXQ.TO
0.5%

Healthcare

XIT.TO

-

HXQ.TO
4.4%

Real Estate

XIT.TO

-

HXQ.TO
0.2%

Utilities

XIT.TO

-

HXQ.TO
1.4%

Compare stocks, funds, or ETFs

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iShares S&P/TSX Capped Information Technology Index ETF

Horizons NASDAQ-100 Index ETF

Often compared with XIT.TO:
XIT.TO vs. XIU.TOXIT.TO vs. VGTXIT.TO vs. XQQ.TOXIT.TO vs. SPYXIT.TO vs. XUS.TOXIT.TO vs. QQQXIT.TO vs. XUU.TO
Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

XIT.TO vs. HXQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIT.TO
XIT.TO Risk / Return Rank: 1212
Overall Rank
XIT.TO Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
XIT.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
XIT.TO Omega Ratio Rank: 1313
Omega Ratio Rank
XIT.TO Calmar Ratio Rank: 1212
Calmar Ratio Rank
XIT.TO Martin Ratio Rank: 1111
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 7777
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 8282
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6464
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.

XIT.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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.

XIT.TOHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.18
2.37

-2.19

Sortino ratioReturn per unit of downside risk
0.46
3.07

-2.61

Omega ratioGain probability vs. loss probability

1.06

1.42

-0.36

Calmar ratioReturn relative to maximum drawdown

0.18

3.19

-3.01

Martin ratioReturn relative to average drawdown

0.36

10.12

-9.76

XIT.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current XIT.TO Sharpe Ratio is 0.18, which is lower than the HXQ.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of XIT.TO and HXQ.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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Drawdowns

XIT.TO vs. HXQ.TO - Drawdown Comparison

The maximum XIT.TO drawdown since its inception was -56.92%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for XIT.TO and HXQ.TO.

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Drawdown Indicators

XIT.TOHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-56.92%

-31.60%

-25.32%

Max Drawdown (1Y)

Largest decline over 1 year

-31.93%

-12.43%

-19.50%

Max Drawdown (3Y)

Largest decline over 3 years

-31.93%

-22.58%

-9.35%

Max Drawdown (5Y)

Largest decline over 5 years

-54.15%

-31.60%

-22.55%

Max Drawdown (10Y)

Largest decline over 10 years

-54.15%

-31.60%

-22.55%

Current Drawdown

Current decline from peak

-17.01%

-2.58%

-14.43%

Average Drawdown

Average peak-to-trough decline

-16.91%

-5.74%

-11.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.98%

3.91%

+12.07%

Volatility

XIT.TO vs. HXQ.TO - Volatility Comparison

iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 10.65% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 7.27%. This indicates that XIT.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIT.TOHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.65%

7.27%

+3.38%

Volatility (6M)

Calculated over the trailing 6-month period

24.63%

13.32%

+11.31%

Volatility (1Y)

Calculated over the trailing 1-year period

31.61%

16.70%

+14.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.43%

20.92%

+8.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.56%

20.92%

+7.64%

XIT.TO vs. HXQ.TO - Expense Ratio Comparison

XIT.TO has a 0.60% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

XIT.TO vs. HXQ.TO - Dividend Comparison

Neither XIT.TO nor HXQ.TO has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XIT.TO
iShares S&P/TSX Capped Information Technology Index ETF		0.00%0.00%0.00%0.00%0.00%0.03%0.00%0.35%0.00%0.15%0.18%0.10%

Frequently Asked Questions

XIT.TO and HXQ.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.60% for XIT.TO.

XIT.TO is categorized as Technology Equities, while HXQ.TO is Nasdaq-100. XIT.TO tracks Morningstar Gbl GR CAD, while HXQ.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and Horizons. Their fees differ too: 0.60% for XIT.TO and 0.25% for HXQ.TO.

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