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

XQQ.TO vs. BBAI

Last updated Jun 4, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) is Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while BBAI (BigBear.ai Holdings, Inc.) is a stock. Over the past 3 years, XQQ.TO returned 26.43%/yr vs 35.28%/yr for BBAI. At a 0.26 correlation, their price movements are largely independent.

Performance

XQQ.TO vs. BBAI - 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 BigBear.ai Holdings, Inc. (BBAI). 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 BBAI is traded in USD. To make them comparable, the BBAI 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 19.81% return, which is significantly higher than BBAI's -9.42% return.

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%

BBAI

1D
-5.09%
1M
18.14%
YTD
-9.42%
6M
-21.13%
1Y
29.08%
3Y*
35.28%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. BBAI - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.81%18.38%24.23%52.23%-33.67%-0.35%
BBAI
BigBear.ai Holdings, Inc.		-9.42%15.78%125.81%210.65%-87.25%-36.36%

Correlation

The correlation between XQQ.TO and BBAI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.38

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

0.38

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2021

0.26

The correlation between XQQ.TO and BBAI shifts across timeframes, from 0.26 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

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iShares NASDAQ 100 Index ETF (CAD-Hedged)

BigBear.ai Holdings, Inc.

Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO
Often compared with BBAI:
BBAI vs. PLTRBBAI vs. SOUNBBAI vs. AIBBAI vs. RKLBBBAI vs. NVDABBAI vs. LAESBBAI vs. BITX

Return for Risk

XQQ.TO vs. BBAI — 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: 6666
Overall Rank
XQQ.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 6262
Martin Ratio Rank
BBAI
BBAI Risk / Return Rank: 5252
Overall Rank
BBAI Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
BBAI Sortino Ratio Rank: 5959
Sortino Ratio Rank
BBAI Omega Ratio Rank: 5353
Omega Ratio Rank
BBAI Calmar Ratio Rank: 5050
Calmar Ratio Rank
BBAI Martin Ratio Rank: 4848
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. BBAI - 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 BigBear.ai Holdings, Inc. (BBAI). 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.

XQQ.TOBBAIDifference
Sharpe ratioReturn per unit of total volatility
2.45
0.30

+2.15

Sortino ratioReturn per unit of downside risk
3.20
1.27

+1.93

Omega ratioGain probability vs. loss probability

1.42

1.13

+0.29

Calmar ratioReturn relative to maximum drawdown

3.03

0.44

+2.59

Martin ratioReturn relative to average drawdown

11.31

0.75

+10.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XQQ.TO vs. BBAI - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 2.45, which is higher than the BBAI Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of XQQ.TO and BBAI, 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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Sharpe Ratios by Period

XQQ.TOBBAIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.45

0.30

+2.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

-0.06

+0.93

Drawdowns

XQQ.TO vs. BBAI - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.55%, smaller than the maximum BBAI drawdown of -94.62%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and BBAI.

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Drawdown Indicators

XQQ.TOBBAIDifference

Max Drawdown

Largest peak-to-trough decline

-38.55%

-94.62%

+56.07%

Max Drawdown (1Y)

Largest decline over 1 year

-12.76%

-66.17%

+53.41%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-76.25%

+53.53%

Max Drawdown (5Y)

Largest decline over 5 years

-38.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.55%

—

—

Current Drawdown

Current decline from peak

-0.27%

-57.90%

+57.63%

Average Drawdown

Average peak-to-trough decline

-5.92%

-68.90%

+62.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

38.98%

-35.57%

Volatility

XQQ.TO vs. BBAI - Volatility Comparison

The current volatility for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) is 4.48%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 21.64%. This indicates that XQQ.TO experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQ.TOBBAIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.48%

21.64%

-17.16%

Volatility (6M)

Calculated over the trailing 6-month period

12.00%

56.58%

-44.58%

Volatility (1Y)

Calculated over the trailing 1-year period

15.82%

96.91%

-81.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.52%

174.07%

-151.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.34%

174.07%

-151.73%

Dividends

XQQ.TO vs. BBAI - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.21%, while BBAI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BBAI
BigBear.ai Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

XQQ.TO and BBAI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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