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

XQQ.TO vs. QTUM

Last updated Jun 9, 2026

XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past 5 years, XQQ.TO returned 14.33%/yr vs 31.47%/yr for QTUM. A 0.78 correlation means they provide meaningful diversification when combined. XQQ.TO charges 0.39%/yr vs 0.40%/yr for QTUM.

Performance

XQQ.TO vs. QTUM - 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 Defiance Quantum ETF (QTUM). 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 QTUM is traded in USD. To make them comparable, the QTUM 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 lower than QTUM's 46.76% 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%

QTUM

1D
3.53%
1M
11.11%
YTD
46.76%
6M
40.31%
1Y
84.47%
3Y*
50.61%
5Y*
31.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQ.TO vs. QTUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%-16.04%
QTUM
Defiance Quantum ETF		46.76%30.41%63.29%36.54%-24.29%35.12%38.68%41.89%-16.27%

Correlation

The correlation between XQQ.TO and QTUM is 0.77, 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

0.77

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

0.75

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

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2018

0.78

The correlation between XQQ.TO and QTUM has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

XQQ.TO vs. QTUM - Sectors Allocation Comparison

Sectors
XQQ.TO
QTUM

Technology

53.7%
85.1%

Communication Services

15.8%
4.9%

Consumer Cyclical

12.2%
0.7%

Consumer Defensive

7.7%

-

Healthcare

4.2%
0.6%

Industrials

3.1%
8.7%

Utilities

1.4%

-

Basic Materials

1.1%

-

Energy

0.6%

-

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

XQQ.TO
53.7%
QTUM
85.1%

Communication Services

XQQ.TO
15.8%
QTUM
4.9%

Consumer Cyclical

XQQ.TO
12.2%
QTUM
0.7%

Consumer Defensive

XQQ.TO
7.7%
QTUM

-

Healthcare

XQQ.TO
4.2%
QTUM
0.6%

Industrials

XQQ.TO
3.1%
QTUM
8.7%

Utilities

XQQ.TO
1.4%
QTUM

-

Basic Materials

XQQ.TO
1.1%
QTUM

-

Energy

XQQ.TO
0.6%
QTUM

-

Financial Services

XQQ.TO
0.2%
QTUM

-

Real Estate

XQQ.TO
0.1%
QTUM

-

Compare stocks, funds, or ETFs

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iShares NASDAQ 100 Index ETF (CAD-Hedged)

Defiance Quantum 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 QTUM:
QTUM vs. QNTMQTUM vs. IONQQTUM vs. ARKQQTUM vs. FTECQTUM vs. WQTM.DEQTUM vs. RGTIQTUM vs. SCHD

Return for Risk

XQQ.TO vs. QTUM — 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
QTUM
QTUM Risk / Return Rank: 8989
Overall Rank
QTUM Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
QTUM Sortino Ratio Rank: 8484
Sortino Ratio Rank
QTUM Omega Ratio Rank: 8585
Omega Ratio Rank
QTUM Calmar Ratio Rank: 9191
Calmar Ratio Rank
QTUM 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. QTUM - 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 Defiance Quantum ETF (QTUM). 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.TOQTUMDifference
Sharpe ratioReturn per unit of total volatility
1.78
3.04

-1.26

Sortino ratioReturn per unit of downside risk
2.32
3.56

-1.24

Omega ratioGain probability vs. loss probability

1.31

1.48

-0.16

Calmar ratioReturn relative to maximum drawdown

2.03

6.12

-4.09

Martin ratioReturn relative to average drawdown

6.80

21.04

-14.24

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. QTUM - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.78, which is lower than the QTUM Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of XQQ.TO and QTUM, 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.TOQTUMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

3.04

-1.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

1.15

-0.52

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

1.04

-0.21

Drawdowns

XQQ.TO vs. QTUM - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -38.25%, which is greater than QTUM's maximum drawdown of -33.52%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and QTUM.

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Drawdown Indicators

XQQ.TOQTUMDifference

Max Drawdown

Largest peak-to-trough decline

-38.25%

-33.52%

-4.73%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-13.88%

-0.80%

Max Drawdown (3Y)

Largest decline over 3 years

-22.72%

-25.61%

+2.89%

Max Drawdown (5Y)

Largest decline over 5 years

-38.25%

-33.52%

-4.73%

Max Drawdown (10Y)

Largest decline over 10 years

-38.25%

—

—

Current Drawdown

Current decline from peak

-4.12%

-5.82%

+1.70%

Average Drawdown

Average peak-to-trough decline

-5.96%

-7.36%

+1.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.37%

4.03%

+0.34%

Volatility

XQQ.TO vs. QTUM - Volatility Comparison

The current volatility for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) is 6.74%, while Defiance Quantum ETF (QTUM) has a volatility of 13.61%. This indicates that XQQ.TO experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQ.TOQTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.74%

13.61%

-6.87%

Volatility (6M)

Calculated over the trailing 6-month period

13.30%

22.69%

-9.39%

Volatility (1Y)

Calculated over the trailing 1-year period

16.75%

27.96%

-11.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.67%

27.48%

-4.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.48%

27.98%

-5.50%

XQQ.TO vs. QTUM - Expense Ratio Comparison

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

Dividends

XQQ.TO vs. QTUM - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than QTUM's 0.74% yield.

PositionTTM20252024202320222021202020192018201720162015
QTUM
Defiance Quantum ETF		0.74%1.01%0.61%0.81%1.46%0.48%0.42%0.61%0.21%0.00%0.00%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 QTUM have a correlation of 0.77, 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 QTUM.

XQQ.TO is categorized as Nasdaq-100, while QTUM is Technology Equities. XQQ.TO tracks Morningstar US Market TR CAD, while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.39% for XQQ.TO and 0.40% for QTUM.

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