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

XQQ.TO vs. CASH

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 CASH (Meta Financial Group, Inc.) is a stock. Over the past 10 years, XQQ.TO returned 20.27%/yr vs 19.32%/yr for CASH. At a 0.28 correlation, their price movements are largely independent.

Performance

XQQ.TO vs. CASH - 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 Meta Financial Group, Inc. (CASH). 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 CASH is traded in USD. To make them comparable, the CASH 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 lower than CASH's 26.49% return. Both investments have delivered pretty close results over the past 10 years, with XQQ.TO having a 20.27% annualized return and CASH not far behind at 19.32%.

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%

CASH

1D
2.09%
1M
7.84%
YTD
26.49%
6M
20.95%
1Y
17.47%
3Y*
28.02%
5Y*
14.13%
10Y*
19.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. CASH - 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%
CASH
Meta Financial Group, Inc.		26.49%-7.66%51.28%20.51%-22.89%63.74%-1.45%81.86%-31.49%-15.52%

Correlation

The correlation between XQQ.TO and CASH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.28

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

0.40

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

0.32

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

0.28

The correlation between XQQ.TO and CASH shifts across timeframes, from 0.23 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares NASDAQ 100 Index ETF (CAD-Hedged)

Meta Financial Group, 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 CASH:
CASH vs. QQQCASH vs. XDIV.TOCASH vs. VOOCASH vs. SPYCASH vs. XBAL.TOCASH vs. ARKKCASH vs. TFLO

Return for Risk

XQQ.TO vs. CASH — 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
CASH
CASH Risk / Return Rank: 5656
Overall Rank
CASH Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
CASH Sortino Ratio Rank: 5151
Sortino Ratio Rank
CASH Omega Ratio Rank: 5353
Omega Ratio Rank
CASH Calmar Ratio Rank: 5757
Calmar Ratio Rank
CASH Martin Ratio Rank: 5757
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. CASH - 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 Meta Financial Group, Inc. (CASH). 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.TOCASHDifference
Sharpe ratioReturn per unit of total volatility
1.47
0.60

+0.87

Sortino ratioReturn per unit of downside risk
1.99
0.98

+1.01

Omega ratioGain probability vs. loss probability

1.26

1.13

+0.13

Calmar ratioReturn relative to maximum drawdown

1.79

0.82

+0.97

Martin ratioReturn relative to average drawdown

5.92

1.66

+4.25

XQQ.TO vs. CASH - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.47, which is higher than the CASH Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of XQQ.TO and CASH, 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. CASH - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, smaller than the maximum CASH drawdown of -80.41%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and CASH.

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Drawdown Indicators

XQQ.TOCASHDifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-80.41%

+42.16%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-21.41%

+6.73%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-22.05%

-0.67%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-48.67%

+10.42%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

-62.72%

+24.47%

Current Drawdown

Current decline from peak

-4.92%

-10.25%

+5.33%

Average Drawdown

Average peak-to-trough decline

-5.95%

-23.45%

+17.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.44%

10.54%

-6.10%

Volatility

XQQ.TO vs. CASH - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and Meta Financial Group, Inc. (CASH) have volatilities of 8.86% and 8.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQ.TOCASHDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.86%

8.81%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

14.61%

23.22%

-8.61%

Volatility (1Y)

Calculated over the trailing 1-year period

17.93%

29.06%

-11.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.86%

34.04%

-11.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.50%

41.88%

-19.38%

Dividends

XQQ.TO vs. CASH - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than CASH's 0.23% yield.

PositionTTM20252024202320222021202020192018201720162015
CASH
Meta Financial Group, Inc.		0.23%0.28%0.27%0.38%0.46%0.34%0.55%0.55%0.96%0.56%0.51%1.13%
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 CASH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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