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

XQQ.TO vs. LVHI

Last updated Jun 9, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, XQQ.TO returned 14.33%/yr vs 18.97%/yr for LVHI. At a 0.36 correlation, their price movements are largely independent. XQQ.TO charges 0.39%/yr vs 0.40%/yr for LVHI.

Performance

XQQ.TO vs. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). 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 LVHI is traded in USD. To make them comparable, the LVHI 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 LVHI's 13.44% 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%

LVHI

1D
0.62%
1M
2.83%
YTD
13.44%
6M
14.41%
1Y
31.85%
3Y*
22.69%
5Y*
18.97%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. LVHI - 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%
LVHI
Franklin International Low Volatility High Dividend Index ETF		13.48%21.32%24.53%14.66%10.42%18.13%-10.92%13.47%2.75%4.66%

Correlation

The correlation between XQQ.TO and LVHI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.29

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

0.35

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2016

0.36

XQQ.TO vs. LVHI - Sectors Allocation Comparison

Sectors
XQQ.TO
LVHI

Technology

53.7%
0.1%

Communication Services

15.8%
5.8%

Consumer Cyclical

12.2%
5.3%

Consumer Defensive

7.7%
8.7%

Healthcare

4.2%
7.4%

Industrials

3.1%
13.4%

Utilities

1.4%
10.4%

Basic Materials

1.1%
6.1%

Energy

0.6%
17.4%

Financial Services

0.2%
23.6%

Real Estate

0.1%
1.9%

Technology

XQQ.TO
53.7%
LVHI
0.1%

Communication Services

XQQ.TO
15.8%
LVHI
5.8%

Consumer Cyclical

XQQ.TO
12.2%
LVHI
5.3%

Consumer Defensive

XQQ.TO
7.7%
LVHI
8.7%

Healthcare

XQQ.TO
4.2%
LVHI
7.4%

Industrials

XQQ.TO
3.1%
LVHI
13.4%

Utilities

XQQ.TO
1.4%
LVHI
10.4%

Basic Materials

XQQ.TO
1.1%
LVHI
6.1%

Energy

XQQ.TO
0.6%
LVHI
17.4%

Financial Services

XQQ.TO
0.2%
LVHI
23.6%

Real Estate

XQQ.TO
0.1%
LVHI
1.9%

Compare stocks, funds, or ETFs

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iShares NASDAQ 100 Index ETF (CAD-Hedged)

Franklin International Low Volatility High Dividend Index 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 LVHI:
LVHI vs. SCHDLVHI vs. IDVLVHI vs. DIVILVHI vs. VYMILVHI vs. VOOLVHI vs. SPYLVHI vs. VFQY

Return for Risk

XQQ.TO vs. LVHI — 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
LVHI
LVHI Risk / Return Rank: 9292
Overall Rank
LVHI Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
LVHI Sortino Ratio Rank: 9393
Sortino Ratio Rank
LVHI Omega Ratio Rank: 9393
Omega Ratio Rank
LVHI Calmar Ratio Rank: 8989
Calmar Ratio Rank
LVHI Martin Ratio Rank: 9191
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. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). 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.TOLVHIDifference
Sharpe ratioReturn per unit of total volatility
1.78
3.09

-1.31

Sortino ratioReturn per unit of downside risk
2.32
4.34

-2.02

Omega ratioGain probability vs. loss probability

1.31

1.55

-0.24

Calmar ratioReturn relative to maximum drawdown

2.03

5.65

-3.62

Martin ratioReturn relative to average drawdown

6.80

19.22

-12.42

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. LVHI - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.78, which is lower than the LVHI Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of XQQ.TO and LVHI, 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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Sharpe Ratios by Period

XQQ.TOLVHIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

3.09

-1.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

1.48

-0.85

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.77

+0.06

Drawdowns

XQQ.TO vs. LVHI - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, which is greater than LVHI's maximum drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and LVHI.

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Drawdown Indicators

XQQ.TOLVHIDifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-29.52%

-8.73%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-5.66%

-9.02%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-12.48%

-10.24%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-12.48%

-25.77%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

—

—

Current Drawdown

Current decline from peak

-4.12%

-0.53%

-3.59%

Average Drawdown

Average peak-to-trough decline

-5.96%

-4.54%

-1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.37%

1.66%

+2.71%

Volatility

XQQ.TO vs. LVHI - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 6.74% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.66%. This indicates that XQQ.TO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQ.TOLVHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.74%

2.66%

+4.08%

Volatility (6M)

Calculated over the trailing 6-month period

13.30%

8.42%

+4.88%

Volatility (1Y)

Calculated over the trailing 1-year period

16.75%

10.37%

+6.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.67%

12.84%

+9.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.48%

15.36%

+7.12%

XQQ.TO vs. LVHI - Expense Ratio Comparison

XQQ.TO has a 0.39% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

XQQ.TO vs. LVHI - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than LVHI's 4.79% yield.

PositionTTM20252024202320222021202020192018201720162015
LVHI
Franklin International Low Volatility High Dividend Index ETF		4.79%4.92%3.98%8.12%7.74%4.13%3.97%6.67%10.67%3.38%2.02%0.00%
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 LVHI have a correlation of 0.26, 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 0.40% for LVHI.

XQQ.TO is categorized as Nasdaq-100, while LVHI is Volatility Hedged Equity. XQQ.TO tracks Morningstar US Market TR CAD, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.39% for XQQ.TO and 0.40% for LVHI.

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