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

XQQ.TO vs. AAPL

Last updated Jun 25, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) is Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while AAPL (Apple Inc) is a stock. Over the past 10 years, XQQ.TO returned 20.27%/yr vs 31.33%/yr for AAPL. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

XQQ.TO vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XQQ.TO is traded in CAD, while AAPL is traded in USD. To make them comparable, the AAPL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XQQ.TO achieves a 14.22% return, which is significantly higher than AAPL's 12.07% return. Over the past 10 years, XQQ.TO has underperformed AAPL with an annualized return of 20.27%, while AAPL has yielded a comparatively higher 31.33% annualized return.

XQQ.TO

1D
-0.49%
1M
-2.65%
YTD
14.22%
6M
9.97%
1Y
26.21%
3Y*
23.07%
5Y*
13.19%
10Y*
20.27%

AAPL

1D
-0.05%
1M
-2.11%
YTD
12.07%
6M
11.34%
1Y
52.05%
3Y*
19.83%
5Y*
21.10%
10Y*
31.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. AAPL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		14.22%15.77%24.69%53.25%-33.13%22.76%46.12%38.92%-1.32%33.41%
AAPL
Apple Inc		12.07%4.07%41.77%45.46%-21.74%34.58%77.98%81.17%2.56%38.41%

Correlation

The correlation between XQQ.TO and AAPL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.43

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

0.51

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

0.64

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

0.67

Correlation (All Time)
Calculated using the full available price history since May 10, 2011

0.60

The correlation between XQQ.TO and AAPL shifts across timeframes, from 0.43 (1 year) to 0.67 (10 years), reflecting how their relationship changes across market environments.

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iShares NASDAQ 100 Index ETF (CAD-Hedged)

Apple Inc

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Return for Risk

XQQ.TO vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XQQ.TO
XQQ.TO Risk / Return Rank: 4343
Overall Rank
XQQ.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 4545
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 4141
Martin Ratio Rank
AAPL
AAPL Risk / Return Rank: 8888
Overall Rank
AAPL Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
AAPL Sortino Ratio Rank: 8989
Sortino Ratio Rank
AAPL Omega Ratio Rank: 8888
Omega Ratio Rank
AAPL Calmar Ratio Rank: 8686
Calmar Ratio Rank
AAPL Martin Ratio Rank: 8585
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.

XQQ.TO vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and Apple Inc (AAPL). 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.

XQQ.TOAAPLDifference
Sharpe ratioReturn per unit of total volatility
1.47
2.31

-0.84

Sortino ratioReturn per unit of downside risk
1.99
3.28

-1.29

Omega ratioGain probability vs. loss probability

1.26

1.42

-0.15

Calmar ratioReturn relative to maximum drawdown

1.79

3.51

-1.72

Martin ratioReturn relative to average drawdown

5.92

8.00

-2.08

XQQ.TO vs. AAPL - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.47, which is lower than the AAPL Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of XQQ.TO and AAPL, 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

XQQ.TO vs. AAPL - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, smaller than the maximum AAPL drawdown of -50.16%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and AAPL.

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Drawdown Indicators

XQQ.TOAAPLDifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-50.16%

+11.91%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-14.90%

+0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-33.90%

+11.18%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-33.90%

-4.35%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

-34.96%

-3.29%

Current Drawdown

Current decline from peak

-4.92%

-4.53%

-0.39%

Average Drawdown

Average peak-to-trough decline

-5.95%

-10.16%

+4.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.44%

6.52%

-2.08%

Volatility

XQQ.TO vs. AAPL - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 8.86% compared to Apple Inc (AAPL) at 7.02%. This indicates that XQQ.TO's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQ.TOAAPLDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.86%

7.02%

+1.84%

Volatility (6M)

Calculated over the trailing 6-month period

14.61%

16.83%

-2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

17.93%

22.68%

-4.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.86%

28.24%

-5.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.50%

29.70%

-7.20%

Dividends

XQQ.TO vs. AAPL - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than AAPL's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
AAPL
Apple Inc		0.36%0.38%0.40%0.49%0.70%0.49%0.61%1.04%1.79%1.45%1.93%1.93%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.22%0.25%0.67%0.93%1.27%0.52%0.80%1.44%1.61%1.64%2.35%1.93%

Frequently Asked Questions

XQQ.TO and AAPL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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