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XTR.TO vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XTR.TO vs. XQQ.TO

Last updated Jun 4, 2026

XTR.TO (iShares Diversified Monthly Income ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) are both exchange-traded funds - XTR.TO is a Diversified Portfolio fund tracking the Morningstar Can Neut Tgt Alloc NR CAD, while XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, XTR.TO returned 5.99%/yr vs 19.70%/yr for XQQ.TO. At a 0.45 correlation, their price movements are largely independent. XTR.TO charges 0.61%/yr vs 0.39%/yr for XQQ.TO.

Performance

XTR.TO vs. XQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Diversified Monthly Income ETF (XTR.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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, XTR.TO achieves a 6.55% return, which is significantly lower than XQQ.TO's 19.81% return. Over the past 10 years, XTR.TO has underperformed XQQ.TO with an annualized return of 5.99%, while XQQ.TO has yielded a comparatively higher 19.70% annualized return.

XTR.TO

1D
0.16%
1M
2.50%
YTD
6.55%
6M
6.45%
1Y
13.02%
3Y*
10.98%
5Y*
6.00%
10Y*
5.99%

XQQ.TO

1D
-0.27%
1M
10.58%
YTD
19.81%
6M
18.06%
1Y
38.49%
3Y*
26.43%
5Y*
15.31%
10Y*
19.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XTR.TO vs. XQQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XTR.TO
iShares Diversified Monthly Income ETF		6.55%8.54%12.80%4.95%-4.48%10.17%2.45%12.86%-3.72%6.61%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.81%18.38%24.23%52.23%-33.67%22.29%45.23%37.48%-2.33%31.83%

Correlation

The correlation between XTR.TO and XQQ.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.28

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

0.38

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

0.43

Correlation (All Time)
Calculated using the full available price history since May 11, 2011

0.45

The correlation between XTR.TO and XQQ.TO shifts across timeframes, from 0.28 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

XTR.TO vs. XQQ.TO - Sectors Allocation Comparison

Sectors
XTR.TO
XQQ.TO

Financial Services

26.2%
0.2%

Energy

16.1%
0.6%

Consumer Defensive

11.3%
7.7%

Technology

9.1%
53.7%

Utilities

8.0%
1.4%

Industrials

7.1%
3.1%

Consumer Cyclical

6.4%
12.2%

Healthcare

5.6%
4.2%

Basic Materials

5.6%
1.1%

Communication Services

3.8%
15.8%

Real Estate

0.9%
0.1%

Financial Services

XTR.TO
26.2%
XQQ.TO
0.2%

Energy

XTR.TO
16.1%
XQQ.TO
0.6%

Consumer Defensive

XTR.TO
11.3%
XQQ.TO
7.7%

Technology

XTR.TO
9.1%
XQQ.TO
53.7%

Utilities

XTR.TO
8.0%
XQQ.TO
1.4%

Industrials

XTR.TO
7.1%
XQQ.TO
3.1%

Consumer Cyclical

XTR.TO
6.4%
XQQ.TO
12.2%

Healthcare

XTR.TO
5.6%
XQQ.TO
4.2%

Basic Materials

XTR.TO
5.6%
XQQ.TO
1.1%

Communication Services

XTR.TO
3.8%
XQQ.TO
15.8%

Real Estate

XTR.TO
0.9%
XQQ.TO
0.1%

Compare stocks, funds, or ETFs

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

iShares Diversified Monthly Income ETF

iShares NASDAQ 100 Index ETF (CAD-Hedged)

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Return for Risk

XTR.TO vs. XQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XTR.TO
XTR.TO Risk / Return Rank: 8585
Overall Rank
XTR.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XTR.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
XTR.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XTR.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XTR.TO Martin Ratio Rank: 8484
Martin Ratio Rank
XQQ.TO
XQQ.TO Risk / Return Rank: 6666
Overall Rank
XQQ.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XQQ.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.

XTR.TO vs. XQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.

XTR.TOXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.85
2.45

+0.40

Sortino ratioReturn per unit of downside risk
4.22
3.20

+1.02

Omega ratioGain probability vs. loss probability

1.58

1.42

+0.16

Calmar ratioReturn relative to maximum drawdown

3.97

3.03

+0.94

Martin ratioReturn relative to average drawdown

17.48

11.31

+6.17

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

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

The current XTR.TO Sharpe Ratio is 2.85, which is comparable to the XQQ.TO Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of XTR.TO and XQQ.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

XTR.TOXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

2.45

+0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

0.68

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.89

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.86

-0.46

Drawdowns

XTR.TO vs. XQQ.TO - Drawdown Comparison

The maximum XTR.TO drawdown since its inception was -51.42%, which is greater than XQQ.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for XTR.TO and XQQ.TO.

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Drawdown Indicators

XTR.TOXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.42%

-38.55%

-12.87%

Max Drawdown (1Y)

Largest decline over 1 year

-3.29%

-12.76%

+9.47%

Max Drawdown (3Y)

Largest decline over 3 years

-6.06%

-22.72%

+16.66%

Max Drawdown (5Y)

Largest decline over 5 years

-9.74%

-38.55%

+28.81%

Max Drawdown (10Y)

Largest decline over 10 years

-25.92%

-38.55%

+12.63%

Current Drawdown

Current decline from peak

-0.16%

-0.27%

+0.11%

Average Drawdown

Average peak-to-trough decline

-4.96%

-5.92%

+0.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.75%

3.41%

-2.66%

Volatility

XTR.TO vs. XQQ.TO - Volatility Comparison

The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.60%, while iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) has a volatility of 4.48%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XTR.TOXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.60%

4.48%

-2.88%

Volatility (6M)

Calculated over the trailing 6-month period

3.75%

12.00%

-8.25%

Volatility (1Y)

Calculated over the trailing 1-year period

4.59%

15.82%

-11.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.27%

22.52%

-16.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.33%

22.34%

-14.01%

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

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

Dividends

XTR.TO vs. XQQ.TO - Dividend Comparison

XTR.TO's dividend yield for the trailing twelve months is around 3.92%, more than XQQ.TO's 0.21% yield.

PositionTTM20252024202320222021202020192018201720162015
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.21%0.25%0.32%0.31%0.43%0.17%0.26%0.46%0.52%0.53%0.76%0.62%
XTR.TO
iShares Diversified Monthly Income ETF		3.92%4.10%4.27%4.61%4.62%4.21%5.56%5.38%5.75%5.24%5.30%6.81%

Frequently Asked Questions

XTR.TO and XQQ.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

XQQ.TO is cheaper with a 0.39% expense ratio, compared with 0.61% for XTR.TO.

XTR.TO is categorized as Diversified Portfolio, while XQQ.TO is Nasdaq-100. XTR.TO tracks Morningstar Can Neut Tgt Alloc NR CAD, while XQQ.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.61% for XTR.TO and 0.39% for XQQ.TO.

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