PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XQQ.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XQQ.TO vs. IDMO

Last updated Jun 9, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, XQQ.TO returned 20.00%/yr vs 13.05%/yr for IDMO. At a 0.41 correlation, their price movements are largely independent. XQQ.TO charges 0.39%/yr vs 0.25%/yr for IDMO.

Performance

XQQ.TO vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XQQ.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO 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 IDMO's 7.22% return. Over the past 10 years, XQQ.TO has outperformed IDMO with an annualized return of 20.00%, while IDMO has yielded a comparatively lower 13.05% 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%

IDMO

1D
0.92%
1M
-1.82%
YTD
7.22%
6M
9.76%
1Y
21.65%
3Y*
26.24%
5Y*
18.43%
10Y*
13.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IDMO
Invesco S&P International Developed Momentum ETF		7.25%35.68%22.34%17.30%-6.45%14.25%19.11%20.89%-9.65%20.46%

Correlation

The correlation between XQQ.TO and IDMO is 0.61, 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

0.61

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

0.55

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

0.57

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

0.48

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2012

0.41

The correlation between XQQ.TO and IDMO shifts across timeframes, from 0.41 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

XQQ.TO vs. IDMO - Sectors Allocation Comparison

Sectors
XQQ.TO
IDMO

Technology

53.7%
5.3%

Communication Services

15.8%
2.2%

Consumer Cyclical

12.2%
1.4%

Consumer Defensive

7.7%
2.5%

Healthcare

4.2%
1.2%

Industrials

3.1%
22.6%

Utilities

1.4%
8.4%

Basic Materials

1.1%
10.2%

Energy

0.6%
1.9%

Financial Services

0.2%
42.4%

Real Estate

0.1%
2.0%

Technology

XQQ.TO
53.7%
IDMO
5.3%

Communication Services

XQQ.TO
15.8%
IDMO
2.2%

Consumer Cyclical

XQQ.TO
12.2%
IDMO
1.4%

Consumer Defensive

XQQ.TO
7.7%
IDMO
2.5%

Healthcare

XQQ.TO
4.2%
IDMO
1.2%

Industrials

XQQ.TO
3.1%
IDMO
22.6%

Utilities

XQQ.TO
1.4%
IDMO
8.4%

Basic Materials

XQQ.TO
1.1%
IDMO
10.2%

Energy

XQQ.TO
0.6%
IDMO
1.9%

Financial Services

XQQ.TO
0.2%
IDMO
42.4%

Real Estate

XQQ.TO
0.1%
IDMO
2.0%

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)

Invesco S&P International Developed Momentum ETF

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 IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. EFGIDMO vs. AVDSIDMO vs. AVDV

Return for Risk

XQQ.TO vs. IDMO — 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: 5151
Overall Rank
XQQ.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 4545
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 3636
Overall Rank
IDMO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 3434
Sortino Ratio Rank
IDMO Omega Ratio Rank: 3535
Omega Ratio Rank
IDMO Calmar Ratio Rank: 3535
Calmar Ratio Rank
IDMO Martin Ratio Rank: 4343
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. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
1.78
1.23

+0.55

Sortino ratioReturn per unit of downside risk
2.32
1.82

+0.50

Omega ratioGain probability vs. loss probability

1.31

1.23

+0.09

Calmar ratioReturn relative to maximum drawdown

2.03

1.82

+0.21

Martin ratioReturn relative to average drawdown

6.80

7.50

-0.70

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. IDMO - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.78, which is higher than the IDMO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of XQQ.TO and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

XQQ.TOIDMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

1.23

+0.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.98

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.68

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.55

+0.28

Drawdowns

XQQ.TO vs. IDMO - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, which is greater than IDMO's maximum drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and IDMO.

Loading charts...

Drawdown Indicators

XQQ.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-30.46%

-7.79%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-11.93%

-2.75%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-13.13%

-9.59%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-21.90%

-16.35%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

-25.51%

-12.74%

Current Drawdown

Current decline from peak

-4.12%

-3.54%

-0.58%

Average Drawdown

Average peak-to-trough decline

-5.96%

-6.99%

+1.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.37%

2.90%

+1.47%

Volatility

XQQ.TO vs. IDMO - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and Invesco S&P International Developed Momentum ETF (IDMO) have volatilities of 6.74% and 6.42%, 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.

Loading charts...

Volatility by Period

XQQ.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.74%

6.42%

+0.32%

Volatility (6M)

Calculated over the trailing 6-month period

13.30%

15.56%

-2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

16.75%

17.65%

-0.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.67%

18.87%

+3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.48%

19.19%

+3.29%

XQQ.TO vs. IDMO - Expense Ratio Comparison

XQQ.TO has a 0.39% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

XQQ.TO vs. IDMO - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than IDMO's 3.61% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.61%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
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 IDMO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDMO is cheaper with a 0.25% expense ratio, compared with 0.39% for XQQ.TO.

XQQ.TO is categorized as Nasdaq-100, while IDMO is Momentum. XQQ.TO tracks Morningstar US Market TR CAD, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for XQQ.TO and 0.25% for IDMO.

Portfolio Optimizer

Find the right allocation for XQQ.TO and IDMO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer