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

XQQU.TO vs. QQQM

Last updated Jun 26, 2026

XQQU.TO (iShares NASDAQ 100 Index ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from iShares and Invesco respectively. Both are passively managed. Over the past year, XQQU.TO returned 37.00% vs 37.99% for QQQM. Their correlation of 0.81 suggests significant overlap in exposure. XQQU.TO charges 0.39%/yr vs 0.15%/yr for QQQM.

Performance

XQQU.TO vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares NASDAQ 100 Index ETF (XQQU.TO) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XQQU.TO is traded in CAD, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XQQU.TO achieves a 20.34% return, which is significantly lower than QQQM's 21.50% return.

XQQU.TO

1D
0.37%
1M
0.73%
YTD
20.34%
6M
19.06%
1Y
37.00%
3Y*
—
5Y*
—
10Y*
—

QQQM

1D
0.95%
1M
1.25%
YTD
21.50%
6M
19.71%
1Y
37.99%
3Y*
30.19%
5Y*
19.61%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQU.TO vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023
XQQU.TO
iShares NASDAQ 100 Index ETF		20.34%15.17%36.07%5.96%
QQQM
Invesco NASDAQ 100 ETF		21.50%15.33%36.33%5.82%

Correlation

The correlation between XQQU.TO and QQQM is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2023

0.81

The correlation between XQQU.TO and QQQM has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares NASDAQ 100 Index ETF

Invesco NASDAQ 100 ETF

Often compared with XQQU.TO:
XQQU.TO vs. XQQ.TOXQQU.TO vs. ZNQ.TOXQQU.TO vs. QQC.TOXQQU.TO vs. VFV.TOXQQU.TO vs. QQU.TOXQQU.TO vs. TEC.TOXQQU.TO vs. XEQT.TO
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

XQQU.TO vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XQQU.TO
XQQU.TO Risk / Return Rank: 7272
Overall Rank
XQQU.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
XQQU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
XQQU.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XQQU.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
XQQU.TO Martin Ratio Rank: 6363
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 6464
Overall Rank
QQQM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 6161
Sortino Ratio Rank
QQQM Omega Ratio Rank: 6464
Omega Ratio Rank
QQQM Calmar Ratio Rank: 6565
Calmar Ratio Rank
QQQM Martin Ratio Rank: 6565
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.

XQQU.TO vs. QQQM - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XQQU.TOQQQMDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.12

+0.04

Sortino ratioReturn per unit of downside risk
2.85
2.79

+0.06

Omega ratioGain probability vs. loss probability

1.39

1.37

+0.02

Calmar ratioReturn relative to maximum drawdown

3.09

3.13

-0.04

Martin ratioReturn relative to average drawdown

9.73

10.08

-0.36

XQQU.TO vs. QQQM - Sharpe Ratio Comparison

The current XQQU.TO Sharpe Ratio is 2.16, which is comparable to the QQQM Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of XQQU.TO and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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 -32.26%. Use the drawdown chart below to compare losses from any high point for XQQU.TO and QQQM.

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Drawdown Indicators

XQQU.TOQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-22.68%

-32.26%

+9.58%

Max Drawdown (1Y)

Largest decline over 1 year

-12.09%

-12.21%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

—

-22.57%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.26%

—

Current Drawdown

Current decline from peak

-3.06%

-2.55%

-0.51%

Average Drawdown

Average peak-to-trough decline

-3.31%

-7.53%

+4.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.82%

3.78%

+0.04%

Volatility

XQQU.TO vs. QQQM - Volatility Comparison

The current volatility for iShares NASDAQ 100 Index ETF (XQQU.TO) is 8.25%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.10%. This indicates that XQQU.TO experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XQQU.TOQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.25%

9.10%

-0.85%

Volatility (6M)

Calculated over the trailing 6-month period

13.80%

14.70%

-0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

17.32%

18.02%

-0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.74%

23.29%

-3.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.74%

23.20%

-3.46%

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.

Dividends

XQQU.TO vs. QQQM - Dividend Comparison

XQQU.TO's dividend yield for the trailing twelve months is around 0.12%, less than QQQM's 0.44% yield.

PositionTTM202520242023202220212020
QQQM
Invesco NASDAQ 100 ETF		0.44%0.50%0.61%0.65%0.83%0.40%0.16%
XQQU.TO
iShares NASDAQ 100 Index ETF		0.12%0.26%0.20%0.10%0.00%0.00%0.00%

Frequently Asked Questions

XQQU.TO and QQQM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQM is cheaper with a 0.15% expense ratio, compared with 0.39% for XQQU.TO.

Both ETFs track NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for XQQU.TO and 0.15% for QQQM.

Portfolio Optimizer

Find the right allocation for XQQU.TO and QQQM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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