XQQ.TO vs. BTC-USD
XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) is Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, XQQ.TO returned 20.00%/yr vs 61.13%/yr for BTC-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
XQQ.TO vs. BTC-USD - Performance Comparison
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Different Trading Currencies
XQQ.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 15.19% return, which is significantly higher than BTC-USD's -27.26% return. Over the past 10 years, XQQ.TO has underperformed BTC-USD with an annualized return of 20.00%, while BTC-USD has yielded a comparatively higher 61.13% annualized return.
XQQ.TO
- 1D
- 1.43%
- 1M
- 0.65%
- YTD
- 15.19%
- 6M
- 10.98%
- 1Y
- 29.64%
- 3Y*
- 24.33%
- 5Y*
- 14.33%
- 10Y*
- 20.00%
BTC-USD
- 1D
- 2.70%
- 1M
- -20.43%
- YTD
- -27.26%
- 6M
- -30.50%
- 1Y
- -38.91%
- 3Y*
- 35.05%
- 5Y*
- 13.98%
- 10Y*
- 61.13%
XQQ.TO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 15.19% | 15.77% | 24.69% | 53.25% | -33.13% | 22.76% | 46.12% | 38.92% | -1.32% | 33.41% |
BTC-USD Bitcoin | -27.23% | -10.55% | 140.73% | 147.36% | -61.80% | 59.32% | 294.97% | 86.10% | -72.52% | 1,313.27% |
Correlation
The correlation between XQQ.TO and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2012 | 0.14 |
Over the past year, XQQ.TO and BTC-USD have become more correlated (0.36) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
XQQ.TO vs. BTC-USD — Risk / Return Rank
XQQ.TO
BTC-USD
XQQ.TO vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.85 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.76 | +2.79 |
| Martin ratioReturn relative to average drawdown | 6.80 | -1.32 | +8.13 |
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
| XQQ.TO | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | -0.92 | +2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.25 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.90 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.17 | -0.34 |
Drawdowns
XQQ.TO vs. BTC-USD - Drawdown Comparison
The maximum XQQ.TO drawdown since its inception was -38.25%, smaller than the maximum BTC-USD drawdown of -83.48%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and BTC-USD.
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Drawdown Indicators
| XQQ.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.25% | -83.48% | +45.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.68% | -51.27% | +36.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -51.27% | +28.55% |
Max Drawdown (5Y)Largest decline over 5 years | -38.25% | -74.94% | +36.69% |
Max Drawdown (10Y)Largest decline over 10 years | -38.25% | -82.60% | +44.35% |
Current DrawdownCurrent decline from peak | -4.12% | -49.96% | +45.84% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -39.97% | +34.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 35.18% | -30.81% |
Volatility
XQQ.TO vs. BTC-USD - Volatility Comparison
The current volatility for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) is 6.74%, while Bitcoin (BTC-USD) has a volatility of 11.21%. This indicates that XQQ.TO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQQ.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 11.21% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.30% | 33.25% | -19.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.75% | 35.10% | -18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 45.90% | -23.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 56.65% | -34.17% |
Frequently Asked Questions
XQQ.TO and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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