XIT.TO vs. QQC.TO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD, while QQC.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, XIT.TO returned 8.31%/yr vs 21.56%/yr for QQC.TO. A 0.68 correlation means they provide meaningful diversification when combined. XIT.TO charges 0.60%/yr vs 0.20%/yr for QQC.TO.
Performance
XIT.TO vs. QQC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIT.TO achieves a -4.19% return, which is significantly lower than QQC.TO's 22.65% return.
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%
QQC.TO
- 1D
- 0.14%
- 1M
- 12.93%
- YTD
- 22.65%
- 6M
- 19.07%
- 1Y
- 43.34%
- 3Y*
- 29.99%
- 5Y*
- 21.56%
- 10Y*
- —
XIT.TO vs. QQC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -4.19% | 15.48% | 30.02% | 55.56% | -35.85% | 6.36% |
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 22.65% | 15.38% | 35.73% | 51.73% | -28.07% | 25.01% |
Correlation
The correlation between XIT.TO and QQC.TO is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 31, 2021 | 0.68 |
The correlation between XIT.TO and QQC.TO has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
XIT.TO vs. QQC.TO - Sectors Allocation Comparison
Sectors
XIT.TO
QQC.TO
Technology
Financial Services
Industrials
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Healthcare
-
Real Estate
-
Utilities
-
Technology
XIT.TO
QQC.TO
Financial Services
XIT.TO
QQC.TO
Industrials
XIT.TO
QQC.TO
Basic Materials
XIT.TO
-
QQC.TO
Communication Services
XIT.TO
-
QQC.TO
Consumer Cyclical
XIT.TO
-
QQC.TO
Consumer Defensive
XIT.TO
-
QQC.TO
Energy
XIT.TO
-
QQC.TO
Healthcare
XIT.TO
-
QQC.TO
Real Estate
XIT.TO
-
QQC.TO
Utilities
XIT.TO
-
QQC.TO
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Return for Risk
XIT.TO vs. QQC.TO — Risk / Return Rank
XIT.TO
QQC.TO
XIT.TO vs. QQC.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 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.
| XIT.TO | QQC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.50 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.59 | -3.28 |
| Martin ratioReturn relative to average drawdown | 0.62 | 11.38 | -10.76 |
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 | QQC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.84 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 1.04 | -0.76 |
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 | 1.02 | -0.72 |
Drawdowns
XIT.TO vs. QQC.TO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, 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 XIT.TO and QQC.TO.
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Drawdown Indicators
| XIT.TO | QQC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.18% | -31.81% | -49.37% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | -12.14% | -19.79% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -22.59% | -9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | -31.81% | -22.34% |
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% | -8.06% | -18.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 3.82% | +11.92% |
Volatility
XIT.TO vs. QQC.TO - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 11.83% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) at 4.36%. This indicates that XIT.TO's price experiences larger fluctuations and is considered to be riskier than QQC.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.TO | QQC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 4.36% | +7.47% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 11.58% | +12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 15.33% | +16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 20.85% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 20.82% | +5.89% |
XIT.TO vs. QQC.TO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is higher than QQC.TO's 0.20% expense ratio.
Dividends
XIT.TO vs. QQC.TO - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while QQC.TO's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.31% | 0.39% | 0.45% | 0.54% | 0.91% | 0.56% | 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 QQC.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQC.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQC.TO is cheaper with a 0.20% expense ratio, compared with 0.60% for XIT.TO.
XIT.TO is categorized as Technology Equities, while QQC.TO is Nasdaq-100. XIT.TO tracks Morningstar Gbl GR CAD, while QQC.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.60% for XIT.TO and 0.20% for QQC.TO.
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