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

XQQ.TO vs. XQQU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and iShares NASDAQ 100 Index ETF (XQQU.TO).

XQQ.TO and XQQU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XQQ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 3, 2011. XQQU.TO is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Sep 6, 2023. Both XQQ.TO and XQQU.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XQQ.TO vs. XQQU.TO - 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 NASDAQ 100 Index ETF (XQQU.TO). The values are adjusted to include any dividend payments, if applicable.

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XQQ.TO vs. XQQU.TO - Yearly Performance Comparison

2026 (YTD)202520242023
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		-5.44%18.38%24.23%9.06%
XQQU.TO
iShares NASDAQ 100 Index ETF		-3.82%15.17%36.07%6.90%

Returns By Period

In the year-to-date period, XQQ.TO achieves a -5.44% return, which is significantly lower than XQQU.TO's -3.82% return.

XQQ.TO

1D
1.10%
1M
-4.10%
YTD
-5.44%
6M
-4.10%
1Y
21.49%
3Y*
20.76%
5Y*
10.69%
10Y*
16.90%

XQQU.TO

1D
1.04%
1M
-2.39%
YTD
-3.82%
6M
-3.40%
1Y
20.14%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares NASDAQ 100 Index ETF (CAD-Hedged)

iShares NASDAQ 100 Index ETF

Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TOXQQ.TO vs. XSP.TO
Often compared with XQQU.TO:
XQQU.TO vs. QQC.TOXQQU.TO vs. ZNQ.TOXQQU.TO vs. VFV.TOXQQU.TO vs. XEQT.TOXQQU.TO vs. QQU.TOXQQU.TO vs. TEC.TOXQQU.TO vs. ZQQ.TO

XQQ.TO vs. XQQU.TO - Expense Ratio Comparison

Both XQQ.TO and XQQU.TO have an expense ratio of 0.39%.

XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)
XQQU.TO
iShares NASDAQ 100 Index ETF

Return for Risk

XQQ.TO vs. XQQU.TO — 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: 5858
Overall Rank
XQQ.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 6060
Martin Ratio Rank
XQQU.TO
XQQU.TO Risk / Return Rank: 5151
Overall Rank
XQQU.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XQQU.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
XQQU.TO Omega Ratio Rank: 5151
Omega Ratio Rank
XQQU.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
XQQU.TO Martin Ratio Rank: 4848
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. XQQU.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 NASDAQ 100 Index ETF (XQQU.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.TOXQQU.TODifference

Sharpe ratio

Return per unit of total volatility

0.97

0.90

+0.08

Sortino ratio

Return per unit of downside risk

1.52

1.38

+0.15

Omega ratio

Gain probability vs. loss probability

1.22

1.20

+0.02

Calmar ratio

Return relative to maximum drawdown

1.76

1.57

+0.19

Martin ratio

Return relative to average drawdown

6.12

4.75

+1.37

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. XQQU.TO - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 0.97, which is comparable to the XQQU.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of XQQ.TO and XQQU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XQQ.TOXQQU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

0.90

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-1.31

1.08

-2.39

Correlation

The correlation between XQQ.TO and XQQU.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XQQ.TO vs. XQQU.TO - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.27%, which matches XQQU.TO's 0.27% yield.

TTM20252024202320222021202020192018201720162015
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.27%0.25%0.32%0.31%0.43%0.17%0.26%0.46%0.52%0.53%0.76%0.62%
XQQU.TO
iShares NASDAQ 100 Index ETF		0.27%0.26%0.20%0.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

XQQ.TO vs. XQQU.TO - Drawdown Comparison

The maximum XQQ.TO drawdown since its inception was -100.00%, which is greater than XQQU.TO's maximum drawdown of -22.68%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and XQQU.TO.

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Drawdown Indicators

XQQ.TOXQQU.TODifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-22.68%

-77.32%

Max Drawdown (1Y)

Largest decline over 1 year

-12.76%

-13.00%

+0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-38.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.55%

—

—

Current Drawdown

Current decline from peak

-99.98%

-8.40%

-91.58%

Average Drawdown

Average peak-to-trough decline

-99.99%

-3.52%

-96.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

4.30%

-0.63%

Volatility

XQQ.TO vs. XQQU.TO - Volatility Comparison

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a higher volatility of 6.63% compared to iShares NASDAQ 100 Index ETF (XQQU.TO) at 6.28%. This indicates that XQQ.TO's price experiences larger fluctuations and is considered to be riskier than XQQU.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.TOXQQU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.63%

6.28%

+0.35%

Volatility (6M)

Calculated over the trailing 6-month period

12.71%

12.70%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

22.25%

22.59%

-0.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.53%

20.00%

+2.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.29%

20.00%

+2.29%