XQQ.TO vs. XIU.TO
XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XQQ.TO returned 19.70%/yr vs 12.62%/yr for XIU.TO. A 0.58 correlation means they provide meaningful diversification when combined. XQQ.TO charges 0.39%/yr vs 0.18%/yr for XIU.TO.
Performance
XQQ.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XQQ.TO achieves a 19.81% return, which is significantly higher than XIU.TO's 10.14% return. Over the past 10 years, XQQ.TO has outperformed XIU.TO with an annualized return of 19.70%, while XIU.TO has yielded a comparatively lower 12.62% annualized return.
XQQ.TO
- 1D
- -0.27%
- 1M
- 10.58%
- YTD
- 19.81%
- 6M
- 18.06%
- 1Y
- 38.49%
- 3Y*
- 26.43%
- 5Y*
- 15.31%
- 10Y*
- 19.70%
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XQQ.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 19.81% | 18.38% | 24.23% | 52.23% | -33.67% | 22.29% | 45.23% | 37.48% | -2.33% | 31.83% |
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XQQ.TO and XIU.TO is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 11, 2011 | 0.58 |
The correlation between XQQ.TO and XIU.TO has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
XQQ.TO vs. XIU.TO - Sectors Allocation Comparison
Sectors
XQQ.TO
XIU.TO
Technology
Communication Services
Consumer Cyclical
Consumer Defensive
Healthcare
-
Industrials
Utilities
Basic Materials
Energy
Financial Services
Real Estate
Technology
XQQ.TO
XIU.TO
Communication Services
XQQ.TO
XIU.TO
Consumer Cyclical
XQQ.TO
XIU.TO
Consumer Defensive
XQQ.TO
XIU.TO
Healthcare
XQQ.TO
XIU.TO
-
Industrials
XQQ.TO
XIU.TO
Utilities
XQQ.TO
XIU.TO
Basic Materials
XQQ.TO
XIU.TO
Energy
XQQ.TO
XIU.TO
Financial Services
XQQ.TO
XIU.TO
Real Estate
XQQ.TO
XIU.TO
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Return for Risk
XQQ.TO vs. XIU.TO — Risk / Return Rank
XQQ.TO
XIU.TO
XQQ.TO vs. XIU.TO - 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 S&P/TSX 60 Index ETF (XIU.TO). 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.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 4.16 | -1.12 |
| Martin ratioReturn relative to average drawdown | 11.31 | 19.30 | -7.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XQQ.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.71 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.13 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.85 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.51 | +0.35 |
Drawdowns
XQQ.TO vs. XIU.TO - Drawdown Comparison
The maximum XQQ.TO drawdown since its inception was -38.55%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and XIU.TO.
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Drawdown Indicators
| XQQ.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.55% | -52.31% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -7.65% | -5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -12.36% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -16.36% | -22.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -35.46% | -3.09% |
Current DrawdownCurrent decline from peak | -0.27% | -0.87% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -11.63% | +5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.64% | +1.77% |
Volatility
XQQ.TO vs. XIU.TO - Volatility Comparison
iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 4.48% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.28%. This indicates that XQQ.TO's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQQ.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 3.28% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 9.32% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 11.73% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 12.78% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 15.01% | +7.33% |
XQQ.TO vs. XIU.TO - Expense Ratio Comparison
XQQ.TO has a 0.39% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.
Dividends
XQQ.TO vs. XIU.TO - Dividend Comparison
XQQ.TO's dividend yield for the trailing twelve months is around 0.21%, less than XIU.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.21% | 0.25% | 0.32% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% |
Frequently Asked Questions
XQQ.TO and XIU.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.39% for XQQ.TO.
XQQ.TO is categorized as Nasdaq-100, while XIU.TO is Canada Equities. XQQ.TO tracks Morningstar US Market TR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.39% for XQQ.TO and 0.18% for XIU.TO.
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