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

XUSR.TO vs. XQQ.TO

Last updated Jun 4, 2026

XUSR.TO (iShares ESG Advanced MSCI USA Index ETF) and XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) are both exchange-traded funds - XUSR.TO is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while XQQ.TO is a Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 5 years, XUSR.TO returned 16.66%/yr vs 15.31%/yr for XQQ.TO. A 0.77 correlation means they provide meaningful diversification when combined. XUSR.TO charges 0.23%/yr vs 0.39%/yr for XQQ.TO.

Performance

XUSR.TO vs. XQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI USA Index ETF (XUSR.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, XUSR.TO achieves a 21.07% return, which is significantly higher than XQQ.TO's 19.81% return.

XUSR.TO

1D
-0.71%
1M
11.78%
YTD
21.07%
6M
17.73%
1Y
32.90%
3Y*
26.02%
5Y*
16.66%
10Y*
—

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)

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

2026 (YTD)202520242023202220212020
XUSR.TO
iShares ESG Advanced MSCI USA Index ETF		21.07%9.24%32.45%29.28%-17.20%24.47%27.06%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.81%18.38%24.23%52.23%-33.67%22.29%47.67%

Correlation

The correlation between XUSR.TO and XQQ.TO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.75

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

0.79

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

0.81

Correlation (All Time)
Calculated using the full available price history since Apr 24, 2020

0.77

The correlation between XUSR.TO and XQQ.TO has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

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

Sectors
XUSR.TO
XQQ.TO

Technology

56.7%
53.7%

Financial Services

14.3%
0.2%

Industrials

7.7%
3.1%

Consumer Cyclical

6.3%
12.2%

Healthcare

4.6%
4.2%

Real Estate

3.7%
0.1%

Communication Services

2.2%
15.8%

Basic Materials

2.2%
1.1%

Utilities

1.2%
1.4%

Consumer Defensive

0.9%
7.7%

Energy

0.1%
0.6%

Technology

XUSR.TO
56.7%
XQQ.TO
53.7%

Financial Services

XUSR.TO
14.3%
XQQ.TO
0.2%

Industrials

XUSR.TO
7.7%
XQQ.TO
3.1%

Consumer Cyclical

XUSR.TO
6.3%
XQQ.TO
12.2%

Healthcare

XUSR.TO
4.6%
XQQ.TO
4.2%

Real Estate

XUSR.TO
3.7%
XQQ.TO
0.1%

Communication Services

XUSR.TO
2.2%
XQQ.TO
15.8%

Basic Materials

XUSR.TO
2.2%
XQQ.TO
1.1%

Utilities

XUSR.TO
1.2%
XQQ.TO
1.4%

Consumer Defensive

XUSR.TO
0.9%
XQQ.TO
7.7%

Energy

XUSR.TO
0.1%
XQQ.TO
0.6%

Compare stocks, funds, or ETFs

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iShares ESG Advanced MSCI USA Index ETF

iShares NASDAQ 100 Index ETF (CAD-Hedged)

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Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUSR.TO
XUSR.TO Risk / Return Rank: 5858
Overall Rank
XUSR.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XUSR.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
XUSR.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XUSR.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XUSR.TO Martin Ratio Rank: 5151
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA Index ETF (XUSR.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.

XUSR.TOXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
2.45

-0.36

Sortino ratioReturn per unit of downside risk
2.75
3.20

-0.45

Omega ratioGain probability vs. loss probability

1.37

1.42

-0.05

Calmar ratioReturn relative to maximum drawdown

2.87

3.03

-0.16

Martin ratioReturn relative to average drawdown

8.61

11.31

-2.71

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

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

The current XUSR.TO Sharpe Ratio is 2.08, which is comparable to the XQQ.TO Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of XUSR.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

XUSR.TOXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

2.45

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

0.68

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.89

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.11

0.86

+0.25

Drawdowns

XUSR.TO vs. XQQ.TO - Drawdown Comparison

The maximum XUSR.TO drawdown since its inception was -28.39%, smaller than the maximum XQQ.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for XUSR.TO and XQQ.TO.

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Drawdown Indicators

XUSR.TOXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.39%

-38.55%

+10.16%

Max Drawdown (1Y)

Largest decline over 1 year

-11.52%

-12.76%

+1.24%

Max Drawdown (3Y)

Largest decline over 3 years

-23.02%

-22.72%

-0.30%

Max Drawdown (5Y)

Largest decline over 5 years

-28.39%

-38.55%

+10.16%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.55%

—

Current Drawdown

Current decline from peak

-0.71%

-0.27%

-0.44%

Average Drawdown

Average peak-to-trough decline

-6.29%

-5.92%

-0.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.83%

3.41%

+0.42%

Volatility

XUSR.TO vs. XQQ.TO - Volatility Comparison

iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) has a higher volatility of 4.94% compared to iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) at 4.48%. This indicates that XUSR.TO's price experiences larger fluctuations and is considered to be riskier 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

XUSR.TOXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

4.48%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

12.00%

+0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

16.06%

15.82%

+0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.07%

22.52%

-4.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.59%

22.34%

-4.75%

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

XUSR.TO has a 0.23% expense ratio, which is lower than XQQ.TO's 0.39% expense ratio.

Dividends

XUSR.TO vs. XQQ.TO - Dividend Comparison

XUSR.TO's dividend yield for the trailing twelve months is around 0.56%, 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%
XUSR.TO
iShares ESG Advanced MSCI USA Index ETF		0.56%0.67%0.68%0.93%1.01%0.65%0.34%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XUSR.TO and XQQ.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUSR.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUSR.TO is cheaper with a 0.23% expense ratio, compared with 0.39% for XQQ.TO.

XUSR.TO is categorized as Large Cap Growth Equities, while XQQ.TO is Nasdaq-100. XUSR.TO tracks MSCI USA Choice ESG Screened Index, while XQQ.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.23% for XUSR.TO and 0.39% for XQQ.TO.

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