XQQ.TO vs. ZQQ.TO
Compare and contrast key facts about iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO).
XQQ.TO and ZQQ.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. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. Both XQQ.TO and ZQQ.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XQQ.TO or ZQQ.TO.
Key characteristics
| XQQ.TO | ZQQ.TO | |
|---|---|---|
| YTD Return | 18.01% | 17.89% |
| 1Y Return | 31.03% | 31.17% |
| 3Y Return (Ann) | 4.74% | 5.99% |
| 5Y Return (Ann) | 17.78% | 18.58% |
| 10Y Return (Ann) | 16.11% | 16.62% |
| Sharpe Ratio | 1.89 | 1.89 |
| Sortino Ratio | 2.55 | 2.55 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 0.33 | 2.39 |
| Martin Ratio | 8.71 | 8.72 |
| Ulcer Index | 3.74% | 3.74% |
| Daily Std Dev | 17.24% | 17.28% |
| Max Drawdown | -100.00% | -36.38% |
| Current Drawdown | -99.99% | -3.76% |
Correlation
The correlation between XQQ.TO and ZQQ.TO is 0.96, 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.
Performance
XQQ.TO vs. ZQQ.TO - Performance Comparison
The year-to-date returns for both stocks are quite close, with XQQ.TO having a 18.01% return and ZQQ.TO slightly lower at 17.89%. Both investments have delivered pretty close results over the past 10 years, with XQQ.TO having a 16.11% annualized return and ZQQ.TO not far ahead at 16.62%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XQQ.TO vs. ZQQ.TO - Expense Ratio Comparison
Both XQQ.TO and ZQQ.TO have an expense ratio of 0.39%.
Risk-Adjusted Performance
XQQ.TO vs. ZQQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.
Dividends
XQQ.TO vs. ZQQ.TO - Dividend Comparison
XQQ.TO's dividend yield for the trailing twelve months is around 0.32%, more than ZQQ.TO's 0.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XQQ.TO iShares NASDAQ 100 Index ETF (CAD-Hedged) | 0.32% | 0.31% | 0.43% | 0.17% | 0.26% | 0.46% | 0.52% | 0.53% | 0.76% | 0.62% | 1.30% | 1.10% |
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.27% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% | 1.42% | 0.96% |
Drawdowns
XQQ.TO vs. ZQQ.TO - Drawdown Comparison
The maximum XQQ.TO drawdown since its inception was -100.00%, which is greater than ZQQ.TO's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for XQQ.TO and ZQQ.TO. For additional features, visit the drawdowns tool.
Volatility
XQQ.TO vs. ZQQ.TO - Volatility Comparison
iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) have volatilities of 4.46% and 4.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.