Correlation
The correlation between XQQU.TO and QQQM is 0.82, 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.
XQQU.TO vs. QQQM
Compare and contrast key facts about iShares NASDAQ 100 Index ETF (XQQU.TO) and Invesco NASDAQ 100 ETF (QQQM).
XQQU.TO and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both XQQU.TO and QQQM 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: XQQU.TO or QQQM.
Performance
XQQU.TO vs. QQQM - Performance Comparison
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Key characteristics
XQQU.TO:
0.63
QQQM:
0.63
XQQU.TO:
0.95
QQQM:
0.93
XQQU.TO:
1.13
QQQM:
1.13
XQQU.TO:
0.62
QQQM:
0.60
XQQU.TO:
1.95
QQQM:
1.95
XQQU.TO:
7.20%
QQQM:
7.01%
XQQU.TO:
24.87%
QQQM:
25.29%
XQQU.TO:
-22.68%
QQQM:
-35.05%
XQQU.TO:
-7.12%
QQQM:
-3.60%
Returns By Period
In the year-to-date period, XQQU.TO achieves a -2.92% return, which is significantly lower than QQQM's 1.73% return.
XQQU.TO
-2.92%
6.98%
-0.12%
17.25%
N/A
N/A
N/A
QQQM
1.73%
7.87%
2.19%
15.71%
19.83%
N/A
N/A
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XQQU.TO vs. QQQM - Expense Ratio Comparison
XQQU.TO has a 0.39% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
XQQU.TO vs. QQQM — Risk-Adjusted Performance Rank
XQQU.TO
QQQM
XQQU.TO vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (XQQU.TO) and Invesco NASDAQ 100 ETF (QQQM). 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.
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Dividends
XQQU.TO vs. QQQM - Dividend Comparison
XQQU.TO's dividend yield for the trailing twelve months is around 0.20%, less than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
XQQU.TO iShares NASDAQ 100 Index ETF | 0.20% | 0.20% | 0.10% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
XQQU.TO vs. QQQM - Drawdown Comparison
The maximum XQQU.TO drawdown since its inception was -22.68%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for XQQU.TO and QQQM.
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Volatility
XQQU.TO vs. QQQM - Volatility Comparison
iShares NASDAQ 100 Index ETF (XQQU.TO) has a higher volatility of 6.47% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.59%. This indicates that XQQU.TO's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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