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XST.TO vs. ZQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XST.TO vs. ZQQ.TO

Last updated Jun 5, 2026

XST.TO (iShares S&P/TSX Capped Consumer Staples Index ETF) and ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) are both exchange-traded funds - XST.TO is a Consumer Staples Equities fund tracking the Morningstar Gbl GR CAD, while ZQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XST.TO returned 9.62%/yr vs 19.97%/yr for ZQQ.TO. At a 0.27 correlation, their price movements are largely independent. XST.TO charges 0.61%/yr vs 0.39%/yr for ZQQ.TO.

Performance

XST.TO vs. ZQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XST.TO achieves a 1.77% return, which is significantly lower than ZQQ.TO's 19.23% return. Over the past 10 years, XST.TO has underperformed ZQQ.TO with an annualized return of 9.62%, while ZQQ.TO has yielded a comparatively higher 19.97% annualized return.

XST.TO

1D
0.28%
1M
1.37%
YTD
1.77%
6M
0.81%
1Y
7.32%
3Y*
13.98%
5Y*
12.73%
10Y*
9.62%

ZQQ.TO

1D
-0.49%
1M
8.68%
YTD
19.23%
6M
17.57%
1Y
37.46%
3Y*
26.20%
5Y*
16.01%
10Y*
19.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XST.TO vs. ZQQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XST.TO
iShares S&P/TSX Capped Consumer Staples Index ETF		1.77%16.38%19.83%6.37%8.76%20.39%3.48%12.13%1.65%6.95%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		19.23%18.38%24.00%52.52%-33.75%26.68%45.33%37.08%-2.29%31.51%

Correlation

The correlation between XST.TO and ZQQ.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jan 25, 2012

0.27

The correlation between XST.TO and ZQQ.TO shifts across timeframes, from -0.01 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

XST.TO vs. ZQQ.TO - Sectors Allocation Comparison

Sectors
XST.TO
ZQQ.TO

Consumer Defensive

74.9%
7.6%

Consumer Cyclical

25.1%
12.2%

Basic Materials

-

1.2%

Communication Services

-

15.5%

Energy

-

0.6%

Financial Services

-

0.2%

Healthcare

-

4.2%

Industrials

-

3.1%

Real Estate

-

0.1%

Technology

-

54.1%

Utilities

-

1.4%

Consumer Defensive

XST.TO
74.9%
ZQQ.TO
7.6%

Consumer Cyclical

XST.TO
25.1%
ZQQ.TO
12.2%

Basic Materials

XST.TO

-

ZQQ.TO
1.2%

Communication Services

XST.TO

-

ZQQ.TO
15.5%

Energy

XST.TO

-

ZQQ.TO
0.6%

Financial Services

XST.TO

-

ZQQ.TO
0.2%

Healthcare

XST.TO

-

ZQQ.TO
4.2%

Industrials

XST.TO

-

ZQQ.TO
3.1%

Real Estate

XST.TO

-

ZQQ.TO
0.1%

Technology

XST.TO

-

ZQQ.TO
54.1%

Utilities

XST.TO

-

ZQQ.TO
1.4%

Compare stocks, funds, or ETFs

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iShares S&P/TSX Capped Consumer Staples Index ETF

BMO NASDAQ 100 Equity (CAD Hedged)

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Often compared with ZQQ.TO:
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Return for Risk

XST.TO vs. ZQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XST.TO
XST.TO Risk / Return Rank: 1717
Overall Rank
XST.TO Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
XST.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
XST.TO Omega Ratio Rank: 1616
Omega Ratio Rank
XST.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
XST.TO Martin Ratio Rank: 1717
Martin Ratio Rank
ZQQ.TO
ZQQ.TO Risk / Return Rank: 6868
Overall Rank
ZQQ.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ZQQ.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZQQ.TO Omega Ratio Rank: 7070
Omega Ratio Rank
ZQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
ZQQ.TO Martin Ratio Rank: 6262
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.

XST.TO vs. ZQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Consumer Staples Index ETF (XST.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.

XST.TOZQQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.46
2.39

-1.93

Sortino ratioReturn per unit of downside risk
0.75
3.17

-2.42

Omega ratioGain probability vs. loss probability

1.09

1.41

-0.32

Calmar ratioReturn relative to maximum drawdown

0.70

2.93

-2.23

Martin ratioReturn relative to average drawdown

1.65

10.93

-9.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XST.TO Sharpe Ratio is 0.46, which is lower than the ZQQ.TO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of XST.TO and ZQQ.TO, 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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Sharpe Ratios by Period

XST.TOZQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.46

2.39

-1.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

0.71

+0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.90

-0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.99

0.91

+0.08

Drawdowns

XST.TO vs. ZQQ.TO - Drawdown Comparison

The maximum XST.TO drawdown since its inception was -22.65%, smaller than the maximum ZQQ.TO drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for XST.TO and ZQQ.TO.

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Drawdown Indicators

XST.TOZQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.65%

-36.39%

+13.74%

Max Drawdown (1Y)

Largest decline over 1 year

-10.52%

-12.86%

+2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-10.86%

-22.79%

+11.93%

Max Drawdown (5Y)

Largest decline over 5 years

-10.86%

-36.39%

+25.53%

Max Drawdown (10Y)

Largest decline over 10 years

-22.65%

-36.39%

+13.74%

Current Drawdown

Current decline from peak

-6.39%

-0.77%

-5.62%

Average Drawdown

Average peak-to-trough decline

-3.21%

-5.37%

+2.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.44%

3.44%

+1.00%

Volatility

XST.TO vs. ZQQ.TO - Volatility Comparison

iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) have volatilities of 4.72% and 4.56%, 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.

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Volatility by Period

XST.TOZQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

4.56%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

11.99%

12.02%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

16.12%

15.73%

+0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

22.56%

-8.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.95%

22.41%

-7.46%

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

XST.TO has a 0.61% expense ratio, which is higher than ZQQ.TO's 0.39% expense ratio.

Dividends

XST.TO vs. ZQQ.TO - Dividend Comparison

XST.TO's dividend yield for the trailing twelve months is around 0.68%, more than ZQQ.TO's 0.22% yield.

PositionTTM20252024202320222021202020192018201720162015
XST.TO
iShares S&P/TSX Capped Consumer Staples Index ETF		0.68%0.67%0.86%0.79%0.74%0.68%0.74%0.73%0.81%0.90%0.52%0.62%
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		0.22%0.27%0.37%0.32%0.45%0.14%0.41%0.51%0.64%0.57%1.60%0.81%

Frequently Asked Questions

XST.TO and ZQQ.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZQQ.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZQQ.TO is cheaper with a 0.39% expense ratio, compared with 0.61% for XST.TO.

XST.TO is categorized as Consumer Staples Equities, while ZQQ.TO is Nasdaq-100. XST.TO tracks Morningstar Gbl GR CAD, while ZQQ.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.61% for XST.TO and 0.39% for ZQQ.TO.

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