XIT.TO vs. QMVP.TO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and QMVP.TO (Hamilton Champions U.S. Technology Index ETF) are both Technology Equities funds - XIT.TO tracks the Morningstar Gbl GR CAD while QMVP.TO tracks the Solactive Hamilton Champions U.S. Technology Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. XIT.TO charges 0.60%/yr vs 0.19%/yr for QMVP.TO.
Performance
XIT.TO vs. QMVP.TO - Performance Comparison
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Returns By Period
XIT.TO
- 1D
- -3.62%
- 1M
- 5.49%
- YTD
- -4.19%
- 6M
- -5.79%
- 1Y
- 9.80%
- 3Y*
- 17.90%
- 5Y*
- 8.31%
- 10Y*
- 17.57%
QMVP.TO
- 1D
- 0.22%
- 1M
- 16.48%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XIT.TO vs. QMVP.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 4.80% |
QMVP.TO Hamilton Champions U.S. Technology Index ETF | 27.10% |
Correlation
The correlation between XIT.TO and QMVP.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026 | 0.52 |
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Return for Risk
XIT.TO vs. QMVP.TO — Risk / Return Rank
XIT.TO
QMVP.TO
XIT.TO vs. QMVP.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 Hamilton Champions U.S. Technology Index ETF (QMVP.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.
| XIT.TO | QMVP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | — | — |
| Martin ratioReturn relative to average drawdown | 0.62 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIT.TO | QMVP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 4.30 | -4.00 |
Drawdowns
XIT.TO vs. QMVP.TO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, which is greater than QMVP.TO's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for XIT.TO and QMVP.TO.
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Drawdown Indicators
| XIT.TO | QMVP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.18% | -12.77% | -68.41% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.15% | — | — |
Current DrawdownCurrent decline from peak | -14.47% | 0.00% | -14.47% |
Average DrawdownAverage peak-to-trough decline | -26.86% | -3.86% | -23.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | — | — |
Volatility
XIT.TO vs. QMVP.TO - Volatility Comparison
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Volatility by Period
| XIT.TO | QMVP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 21.70% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 21.70% | +7.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 21.70% | +5.01% |
XIT.TO vs. QMVP.TO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is higher than QMVP.TO's 0.19% expense ratio.
Dividends
XIT.TO vs. QMVP.TO - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while QMVP.TO's dividend yield for the trailing twelve months is around 0.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QMVP.TO Hamilton Champions U.S. Technology Index ETF | 0.19% | 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% | 0.02% | 0.00% | 0.29% | 0.00% | 0.13% | 0.14% | 0.08% |
Frequently Asked Questions
XIT.TO and QMVP.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QMVP.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QMVP.TO is cheaper with a 0.19% expense ratio, compared with 0.60% for XIT.TO.
XIT.TO tracks Morningstar Gbl GR CAD, while QMVP.TO tracks Solactive Hamilton Champions U.S. Technology Index. They also come from different issuers: iShares and Hamilton. Their fees differ too: 0.60% for XIT.TO and 0.19% for QMVP.TO.
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