XIU.TO vs. XQQ.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, XIU.TO returned 12.62%/yr vs 19.70%/yr for XQQ.TO. A 0.58 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.39%/yr for XQQ.TO.
Performance
XIU.TO vs. XQQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIU.TO achieves a 10.14% return, which is significantly lower than XQQ.TO's 19.81% return. Over the past 10 years, XIU.TO has underperformed XQQ.TO with an annualized return of 12.62%, while XQQ.TO has yielded a comparatively higher 19.70% annualized return.
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
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%
XIU.TO vs. XQQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
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 XIU.TO and XQQ.TO is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 11, 2011 | 0.58 |
The correlation between XIU.TO and XQQ.TO has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
XIU.TO vs. XQQ.TO - Sectors Allocation Comparison
Sectors
XIU.TO
XQQ.TO
Financial Services
Energy
Basic Materials
Technology
Industrials
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
Healthcare
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Financial Services
XIU.TO
XQQ.TO
Energy
XIU.TO
XQQ.TO
Basic Materials
XIU.TO
XQQ.TO
Technology
XIU.TO
XQQ.TO
Industrials
XIU.TO
XQQ.TO
Consumer Cyclical
XIU.TO
XQQ.TO
Consumer Defensive
XIU.TO
XQQ.TO
Utilities
XIU.TO
XQQ.TO
Communication Services
XIU.TO
XQQ.TO
Real Estate
XIU.TO
XQQ.TO
Healthcare
XIU.TO
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XQQ.TO
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Return for Risk
XIU.TO vs. XQQ.TO — Risk / Return Rank
XIU.TO
XQQ.TO
XIU.TO vs. XQQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.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.
| XIU.TO | XQQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.42 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 3.03 | +1.12 |
| Martin ratioReturn relative to average drawdown | 19.30 | 11.31 | +7.99 |
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
| XIU.TO | XQQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.45 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.68 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.89 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.86 | -0.35 |
Drawdowns
XIU.TO vs. XQQ.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than XQQ.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XQQ.TO.
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Drawdown Indicators
| XIU.TO | XQQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.31% | -38.55% | -13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -12.76% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -22.72% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -38.55% | +22.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -38.55% | +3.09% |
Current DrawdownCurrent decline from peak | -0.87% | -0.27% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -5.92% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 3.41% | -1.77% |
Volatility
XIU.TO vs. XQQ.TO - Volatility Comparison
The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 3.28%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 4.48%. This indicates that XIU.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
| XIU.TO | XQQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.48% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 12.00% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 15.82% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 22.52% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 22.34% | -7.33% |
XIU.TO vs. XQQ.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.
Dividends
XIU.TO vs. XQQ.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.20%, more than XQQ.TO's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
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
XIU.TO and XQQ.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.39% for XQQ.TO.
XIU.TO is categorized as Canada Equities, while XQQ.TO is Nasdaq-100. XIU.TO tracks S&P/TSX 60 Index, while XQQ.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.18% for XIU.TO and 0.39% for XQQ.TO.
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