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XQQ.TO vs. ZQQ.TO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


XQQ.TOZQQ.TO
YTD Return14.53%14.40%
1Y Return26.21%26.28%
3Y Return (Ann)5.89%7.13%
5Y Return (Ann)18.11%18.93%
10Y Return (Ann)15.91%16.44%
Sharpe Ratio1.461.46
Daily Std Dev17.82%17.83%
Max Drawdown-100.00%-36.38%
Current Drawdown-99.99%-6.62%

Correlation

-0.50.00.51.01.0

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 14.53% return and ZQQ.TO slightly lower at 14.40%. Both investments have delivered pretty close results over the past 10 years, with XQQ.TO having a 15.91% annualized return and ZQQ.TO not far ahead at 16.44%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%AprilMayJuneJulyAugustSeptember
-100.00%
4.82%
XQQ.TO
ZQQ.TO

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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

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


XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)
Expense ratio chart for XQQ.TO: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%
Expense ratio chart for ZQQ.TO: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%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.


XQQ.TO
Sharpe ratio
The chart of Sharpe ratio for XQQ.TO, currently valued at 1.24, compared to the broader market0.002.004.001.24
Sortino ratio
The chart of Sortino ratio for XQQ.TO, currently valued at 1.75, compared to the broader market-2.000.002.004.006.008.0010.0012.001.76
Omega ratio
The chart of Omega ratio for XQQ.TO, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.22
Calmar ratio
The chart of Calmar ratio for XQQ.TO, currently valued at 0.25, compared to the broader market0.005.0010.0015.000.25
Martin ratio
The chart of Martin ratio for XQQ.TO, currently valued at 5.75, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.75
ZQQ.TO
Sharpe ratio
The chart of Sharpe ratio for ZQQ.TO, currently valued at 1.25, compared to the broader market0.002.004.001.25
Sortino ratio
The chart of Sortino ratio for ZQQ.TO, currently valued at 1.76, compared to the broader market-2.000.002.004.006.008.0010.0012.001.76
Omega ratio
The chart of Omega ratio for ZQQ.TO, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.22
Calmar ratio
The chart of Calmar ratio for ZQQ.TO, currently valued at 1.05, compared to the broader market0.005.0010.0015.001.05
Martin ratio
The chart of Martin ratio for ZQQ.TO, currently valued at 5.76, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.76

XQQ.TO vs. ZQQ.TO - Sharpe Ratio Comparison

The current XQQ.TO Sharpe Ratio is 1.46, which roughly equals the ZQQ.TO Sharpe Ratio of 1.46. The chart below compares the 12-month rolling Sharpe Ratio of XQQ.TO and ZQQ.TO.


Rolling 12-month Sharpe Ratio1.001.502.002.50AprilMayJuneJulyAugustSeptember
1.24
1.25
XQQ.TO
ZQQ.TO

Dividends

XQQ.TO vs. ZQQ.TO - Dividend Comparison

XQQ.TO's dividend yield for the trailing twelve months is around 0.33%, more than ZQQ.TO's 0.28% yield.


TTM20232022202120202019201820172016201520142013
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)
0.33%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)
0.28%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%AprilMayJuneJulyAugustSeptember
-100.00%
-6.50%
XQQ.TO
ZQQ.TO

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 6.82% and 6.79%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%AprilMayJuneJulyAugustSeptember
6.82%
6.79%
XQQ.TO
ZQQ.TO