XQQ.TO vs. BITSX

Last updated Jun 4, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and BITSX (iShares Total U.S. Stock Market Index Fund) are both funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while BITSX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, XQQ.TO returned 19.70%/yr vs 15.87%/yr for BITSX. A 0.76 correlation means they provide meaningful diversification when combined. XQQ.TO charges 0.39%/yr vs 0.08%/yr for BITSX.

Performance

XQQ.TO vs. BITSX - 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 iShares Total U.S. Stock Market Index Fund (BITSX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XQQ.TO is traded in CAD, while BITSX is traded in USD. To make them comparable, the BITSX 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 BITSX's 12.68% return. Over the past 10 years, XQQ.TO has outperformed BITSX with an annualized return of 19.70%, while BITSX has yielded a comparatively lower 15.87% annualized 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%

BITSX

• 1D: 0.54%
• 1M: 7.35%
• YTD: 12.68%
• 6M: 10.70%
• 1Y: 29.75%
• 3Y*: 23.51%
• 5Y*: 16.15%
• 10Y*: 15.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. BITSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
BITSX iShares Total U.S. Stock Market Index Fund	12.68%	11.73%	34.42%	23.19%	-13.33%	24.37%	18.72%	24.61%	2.60%	13.29%

Correlation

The correlation between XQQ.TO and BITSX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.76

The correlation between XQQ.TO and BITSX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

Return for Risk

XQQ.TO vs. BITSX — 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: 66
XQQ.TO Sharpe Ratio Rank: 73
XQQ.TO Sortino Ratio Rank: 69
XQQ.TO Omega Ratio Rank: 68
XQQ.TO Calmar Ratio Rank: 60
XQQ.TO Martin Ratio Rank: 62

BITSX

BITSX Risk / Return Rank: 70
BITSX Sharpe Ratio Rank: 69
BITSX Sortino Ratio Rank: 63
BITSX Omega Ratio Rank: 61
BITSX Calmar Ratio Rank: 73
BITSX Martin Ratio Rank: 82

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. BITSX - 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 iShares Total U.S. Stock Market Index Fund (BITSX). 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.TO	BITSX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.57	-0.12
Sortino ratio: Return per unit of downside risk	3.20	3.48	-0.27
Omega ratio: Gain probability vs. loss probability	1.42	1.48	-0.06
Calmar ratio: Return relative to maximum drawdown	3.03	3.61	-0.58
Martin ratio: Return relative to average drawdown	11.31	13.73	-2.42
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. BITSX - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 2.45, which is comparable to the BITSX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XQQ.TO and BITSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XQQ.TO	BITSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.57	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	1.05	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.96	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.91	-0.05

Drawdowns

XQQ.TO vs. BITSX - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.55%, which is greater than BITSX's maximum drawdown of -28.72%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and BITSX.

Drawdown Indicators

	XQQ.TO	BITSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.55%	-28.72%	-9.83%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-8.53%	-4.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	-19.73%	-2.99%
Max Drawdown (5Y) Largest decline over 5 years	-38.55%	-23.04%	-15.51%
Max Drawdown (10Y) Largest decline over 10 years	-38.55%	-28.72%	-9.83%
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-5.92%	-4.09%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	2.24%	+1.17%

Volatility

XQQ.TO vs. BITSX - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 4.48% compared to iShares Total U.S. Stock Market Index Fund (BITSX) at 2.92%. This indicates that XQQ.TO's price experiences larger fluctuations and is considered to be riskier than BITSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XQQ.TO	BITSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	2.92%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	9.05%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	11.98%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	15.42%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	16.63%	+5.71%

XQQ.TO vs. BITSX - Expense Ratio Comparison

XQQ.TO has a 0.39% expense ratio, which is higher than BITSX's 0.08% expense ratio.

Dividends

XQQ.TO vs. BITSX - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.21%, less than BITSX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITSX iShares Total U.S. Stock Market Index Fund	1.01%	1.10%	1.24%	1.42%	1.59%	1.53%	1.47%	2.11%	2.44%	2.14%	1.51%	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

Can I hold both XQQ.TO and BITSX in my portfolio?

XQQ.TO and BITSX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.