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

XQQ.TO vs. IXN

Last updated Jun 14, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and IXN (iShares Global Tech ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 10 years, XQQ.TO returned 20.22%/yr vs 26.11%/yr for IXN. A 0.77 correlation means they provide meaningful diversification when combined. XQQ.TO charges 0.39%/yr vs 0.46%/yr for IXN.

Performance

XQQ.TO vs. IXN - 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 Global Tech ETF (IXN). 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 IXN is traded in USD. To make them comparable, the IXN 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 16.05% return, which is significantly lower than IXN's 35.77% return. Over the past 10 years, XQQ.TO has underperformed IXN with an annualized return of 20.22%, while IXN has yielded a comparatively higher 26.11% annualized return.

XQQ.TO

1D
0.70%
1M
1.70%
YTD
16.05%
6M
13.71%
1Y
31.56%
3Y*
23.64%
5Y*
14.20%
10Y*
20.22%

IXN

1D
0.61%
1M
5.39%
YTD
35.77%
6M
37.10%
1Y
67.44%
3Y*
34.36%
5Y*
25.08%
10Y*
26.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. IXN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		16.05%15.77%24.69%53.25%-33.13%22.76%46.12%38.92%-1.32%33.41%
IXN
iShares Global Tech ETF		35.77%19.53%35.41%49.34%-25.42%29.52%40.22%41.79%2.51%31.67%

Correlation

The correlation between XQQ.TO and IXN is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.85

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

0.86

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

0.88

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

0.85

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

0.77

The correlation between XQQ.TO and IXN shifts across timeframes, from 0.77 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.

XQQ.TO vs. IXN - Sectors Allocation Comparison

Sectors
XQQ.TO
IXN

Technology

53.7%
99.2%

Communication Services

15.8%

-

Consumer Cyclical

12.2%

-

Consumer Defensive

7.7%

-

Healthcare

4.2%
0.1%

Industrials

3.1%
0.2%

Utilities

1.4%

-

Basic Materials

1.1%

-

Energy

0.6%
0.1%

Financial Services

0.2%

-

Real Estate

0.1%
0.0%

Technology

XQQ.TO
53.7%
IXN
99.2%

Communication Services

XQQ.TO
15.8%
IXN

-

Consumer Cyclical

XQQ.TO
12.2%
IXN

-

Consumer Defensive

XQQ.TO
7.7%
IXN

-

Healthcare

XQQ.TO
4.2%
IXN
0.1%

Industrials

XQQ.TO
3.1%
IXN
0.2%

Utilities

XQQ.TO
1.4%
IXN

-

Basic Materials

XQQ.TO
1.1%
IXN

-

Energy

XQQ.TO
0.6%
IXN
0.1%

Financial Services

XQQ.TO
0.2%
IXN

-

Real Estate

XQQ.TO
0.1%
IXN
0.0%

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)

iShares Global Tech 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 IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC

Return for Risk

XQQ.TO vs. IXN — 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: 5353
Overall Rank
XQQ.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 5757
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 4747
Martin Ratio Rank
IXN
IXN Risk / Return Rank: 8484
Overall Rank
IXN Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8080
Sortino Ratio Rank
IXN Omega Ratio Rank: 8181
Omega Ratio Rank
IXN Calmar Ratio Rank: 8888
Calmar Ratio Rank
IXN Martin Ratio Rank: 8383
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. IXN - 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 Global Tech ETF (IXN). 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.TOIXNDifference
Sharpe ratioReturn per unit of total volatility
1.75
2.66

-0.92

Sortino ratioReturn per unit of downside risk
2.30
3.26

-0.96

Omega ratioGain probability vs. loss probability

1.31

1.44

-0.13

Calmar ratioReturn relative to maximum drawdown

2.05

4.57

-2.53

Martin ratioReturn relative to average drawdown

6.78

13.73

-6.95

XQQ.TO vs. IXN - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.75, which is lower than the IXN Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of XQQ.TO and IXN, 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. IXN - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, smaller than the maximum IXN drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and IXN.

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Drawdown Indicators

XQQ.TOIXNDifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-43.16%

+4.91%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-14.04%

-0.64%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-25.94%

+3.22%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-31.53%

-6.72%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

-31.53%

-6.72%

Current Drawdown

Current decline from peak

-3.39%

-5.79%

+2.40%

Average Drawdown

Average peak-to-trough decline

-5.96%

-9.05%

+3.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.42%

4.67%

-0.25%

Volatility

XQQ.TO vs. IXN - Volatility Comparison

The current volatility for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) is 7.44%, while iShares Global Tech ETF (IXN) has a volatility of 11.99%. This indicates that XQQ.TO experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQ.TOIXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

11.99%

-4.55%

Volatility (6M)

Calculated over the trailing 6-month period

13.89%

20.59%

-6.70%

Volatility (1Y)

Calculated over the trailing 1-year period

17.20%

24.12%

-6.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.73%

25.91%

-3.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.51%

25.50%

-2.99%

XQQ.TO vs. IXN - Expense Ratio Comparison

XQQ.TO has a 0.39% expense ratio, which is lower than IXN's 0.46% expense ratio.

Dividends

XQQ.TO vs. IXN - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than IXN's 0.78% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.78%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
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 IXN have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XQQ.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XQQ.TO is cheaper with a 0.39% expense ratio, compared with 0.46% for IXN.

XQQ.TO is categorized as Nasdaq-100, while IXN is Technology Equities. XQQ.TO tracks Morningstar US Market TR CAD, while IXN tracks S&P Global Information Technology Sector Index. Their fees differ too: 0.39% for XQQ.TO and 0.46% for IXN.

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