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XUH.TO vs. QQQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUH.TO vs. QQQQ.TO

Last updated Jun 4, 2026

XUH.TO (iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both exchange-traded funds - XUH.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while QQQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. XUH.TO charges 0.08%/yr vs 0.25%/yr for QQQQ.TO.

Performance

XUH.TO vs. QQQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.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, XUH.TO achieves a 9.59% return, which is significantly lower than QQQQ.TO's 21.51% return.

XUH.TO

1D
-0.66%
1M
5.17%
YTD
9.59%
6M
9.81%
1Y
24.95%
3Y*
19.81%
5Y*
11.17%
10Y*
13.19%

QQQQ.TO

1D
0.62%
1M
13.62%
YTD
21.51%
6M
18.69%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUH.TO vs. QQQQ.TO - Yearly Performance Comparison

2026 (YTD)2025
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		9.59%5.59%
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF		21.51%7.64%

Correlation

The correlation between XUH.TO and QQQQ.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Aug 25, 2025

0.44

Compare stocks, funds, or ETFs

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iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)

Mackenzie NASDAQ 100 Index ETF

Often compared with XUH.TO:
XUH.TO vs. XUU.TOXUH.TO vs. XUU-U.TOXUH.TO vs. VFV.TOXUH.TO vs. XSU.TOXUH.TO vs. VSP.TOXUH.TO vs. IUSGXUH.TO vs. VYM
Often compared with QQQQ.TO:
QQQQ.TO vs. FXAIXQQQQ.TO vs. HHIS.TOQQQQ.TO vs. QDVE.DEQQQQ.TO vs. PLTQQQQ.TO vs. QLDYQQQQ.TO vs. FTECQQQQ.TO vs. VGT

Return for Risk

XUH.TO vs. QQQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUH.TO
XUH.TO Risk / Return Rank: 5959
Overall Rank
XUH.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XUH.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XUH.TO Omega Ratio Rank: 5959
Omega Ratio Rank
XUH.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
XUH.TO Martin Ratio Rank: 6666
Martin Ratio Rank
QQQQ.TO
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.

XUH.TO vs. QQQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH.TO) and Mackenzie NASDAQ 100 Index ETF (QQQQ.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.

XUH.TOQQQQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.02

—

—

Sortino ratioReturn per unit of downside risk
2.82

—

—

Omega ratioGain probability vs. loss probability

1.36

—

—

Calmar ratioReturn relative to maximum drawdown

2.66

—

—

Martin ratioReturn relative to average drawdown

12.06

—

—

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

XUH.TO vs. QQQQ.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

XUH.TOQQQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

2.87

-2.23

Drawdowns

XUH.TO vs. QQQQ.TO - Drawdown Comparison

The maximum XUH.TO drawdown since its inception was -38.37%, which is greater than QQQQ.TO's maximum drawdown of -11.95%. Use the drawdown chart below to compare losses from any high point for XUH.TO and QQQQ.TO.

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Drawdown Indicators

XUH.TOQQQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.37%

-11.95%

-26.42%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-19.32%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-26.11%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.37%

—

—

Current Drawdown

Current decline from peak

-0.66%

0.00%

-0.66%

Average Drawdown

Average peak-to-trough decline

-4.96%

-3.38%

-1.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

—

—

Volatility

XUH.TO vs. QQQQ.TO - Volatility Comparison

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Volatility by Period

XUH.TOQQQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

9.36%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.41%

17.07%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

17.07%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.70%

17.07%

+1.63%

XUH.TO vs. QQQQ.TO - Expense Ratio Comparison

XUH.TO has a 0.08% expense ratio, which is lower than QQQQ.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XUH.TO vs. QQQQ.TO - Dividend Comparison

XUH.TO's dividend yield for the trailing twelve months is around 0.82%, more than QQQQ.TO's 0.09% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF		0.09%0.11%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)		0.82%0.91%1.10%1.15%1.40%0.98%1.25%1.67%1.81%1.25%1.63%1.62%

Frequently Asked Questions

XUH.TO and QQQQ.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUH.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUH.TO is cheaper with a 0.08% expense ratio, compared with 0.25% for QQQQ.TO.

XUH.TO is categorized as Large Cap Blend Equities, while QQQQ.TO is Nasdaq-100. XUH.TO tracks Morningstar US Market TR CAD, while QQQQ.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and Mackenzie. Their fees differ too: 0.08% for XUH.TO and 0.25% for QQQQ.TO.

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