XUU-U.TO vs. QQC-F.TO

Last updated Jun 5, 2026

XUU-U.TO (iShares Core S&P U.S. Total Market Index ETF) and QQC-F.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) are both exchange-traded funds - XUU-U.TO is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while QQC-F.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, XUU-U.TO returned 12.61%/yr vs 12.99%/yr for QQC-F.TO. At a 0.45 correlation, their price movements are largely independent. XUU-U.TO charges 0.08%/yr vs 0.20%/yr for QQC-F.TO.

Performance

XUU-U.TO vs. QQC-F.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUU-U.TO is traded in USD, while QQC-F.TO is traded in CAD. To make them comparable, the QQC-F.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUU-U.TO achieves a 11.58% return, which is significantly lower than QQC-F.TO's 17.66% return.

XUU-U.TO

• 1D: 0.47%
• 1M: 4.96%
• YTD: 11.58%
• 6M: 11.20%
• 1Y: 28.66%
• 3Y*: 21.55%
• 5Y*: 12.61%
• 10Y*: —

QQC-F.TO

• 1D: -0.59%
• 1M: 6.35%
• YTD: 17.66%
• 6M: 18.08%
• 1Y: 34.79%
• 3Y*: 24.89%
• 5Y*: 12.99%
• 10Y*: 19.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUU-U.TO vs. QQC-F.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	11.58%	16.34%	22.50%	26.52%	-20.40%	28.14%	18.72%	7.44%
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	17.66%	24.09%	14.38%	56.29%	-37.87%	28.09%	47.94%	11.76%

Correlation

The correlation between XUU-U.TO and QQC-F.TO is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019	0.45

Over the past year, XUU-U.TO and QQC-F.TO have become more correlated (0.68) than their long-term average of 0.45, meaning their price movements have been converging.

Return for Risk

XUU-U.TO vs. QQC-F.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUU-U.TO

XUU-U.TO Risk / Return Rank: 76
XUU-U.TO Sharpe Ratio Rank: 76
XUU-U.TO Sortino Ratio Rank: 73
XUU-U.TO Omega Ratio Rank: 84
XUU-U.TO Calmar Ratio Rank: 67
XUU-U.TO Martin Ratio Rank: 80

QQC-F.TO

QQC-F.TO Risk / Return Rank: 66
QQC-F.TO Sharpe Ratio Rank: 73
QQC-F.TO Sortino Ratio Rank: 70
QQC-F.TO Omega Ratio Rank: 68
QQC-F.TO Calmar Ratio Rank: 58
QQC-F.TO Martin Ratio Rank: 60

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.

XUU-U.TO vs. QQC-F.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 (XUU-U.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.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.

	XUU-U.TO	QQC-F.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.00	+0.42
Sortino ratio: Return per unit of downside risk	3.25	2.72	+0.53
Omega ratio: Gain probability vs. loss probability	1.50	1.34	+0.16
Calmar ratio: Return relative to maximum drawdown	3.27	2.41	+0.86
Martin ratio: Return relative to average drawdown	15.43	9.54	+5.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUU-U.TO vs. QQC-F.TO - Sharpe Ratio Comparison

The current XUU-U.TO Sharpe Ratio is 2.42, which is comparable to the QQC-F.TO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of XUU-U.TO and QQC-F.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.

Sharpe Ratios by Period

	XUU-U.TO	QQC-F.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.00	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.51	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.68	+0.22

Drawdowns

XUU-U.TO vs. QQC-F.TO - Drawdown Comparison

The maximum XUU-U.TO drawdown since its inception was -28.73%, smaller than the maximum QQC-F.TO drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for XUU-U.TO and QQC-F.TO.

Drawdown Indicators

	XUU-U.TO	QQC-F.TO	Difference
Max Drawdown Largest peak-to-trough decline	-28.73%	-41.72%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-14.51%	+5.71%
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	-22.95%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-41.72%	+17.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.72%	—
Current Drawdown Current decline from peak	0.00%	-1.17%	+1.17%
Average Drawdown Average peak-to-trough decline	-5.78%	-7.47%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	3.66%	-1.80%

Volatility

XUU-U.TO vs. QQC-F.TO - Volatility Comparison

The current volatility for iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO) is 2.87%, while Invesco NASDAQ 100 Index ETF CAD Hedged (QQC-F.TO) has a volatility of 4.75%. This indicates that XUU-U.TO experiences smaller price fluctuations and is considered to be less risky than QQC-F.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUU-U.TO	QQC-F.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	4.75%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	13.37%	-4.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	17.50%	-5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	25.66%	-8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	25.72%	-8.07%

XUU-U.TO vs. QQC-F.TO - Expense Ratio Comparison

XUU-U.TO has a 0.08% expense ratio, which is lower than QQC-F.TO's 0.20% 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

XUU-U.TO vs. QQC-F.TO - Dividend Comparison

XUU-U.TO's dividend yield for the trailing twelve months is around 0.74%, while QQC-F.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged	0.00%	0.09%	0.50%	0.57%	0.89%	0.66%	0.49%	0.64%	0.77%	0.66%	0.81%	0.76%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	0.74%	0.83%	0.76%	0.85%	1.01%	0.77%	0.90%	0.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XUU-U.TO and QQC-F.TO in my portfolio?

XUU-U.TO and QQC-F.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUU-U.TO or QQC-F.TO?

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

Which ETF is cheaper, XUU-U.TO or QQC-F.TO?

XUU-U.TO is cheaper with a 0.08% expense ratio, compared with 0.20% for QQC-F.TO.

What is the main difference between XUU-U.TO and QQC-F.TO?

XUU-U.TO is categorized as Large Cap Blend Equities, while QQC-F.TO is Nasdaq-100. XUU-U.TO tracks S&P Total Market Index, while QQC-F.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.08% for XUU-U.TO and 0.20% for QQC-F.TO.