XUU-U.TO vs. QQQQ.TO

Last updated Jun 5, 2026

XUU-U.TO (iShares Core S&P U.S. Total Market Index ETF) and QQQQ.TO (Mackenzie NASDAQ 100 Index ETF) are both exchange-traded funds - XUU-U.TO is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while QQQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. XUU-U.TO charges 0.08%/yr vs 0.25%/yr for QQQQ.TO.

Performance

XUU-U.TO vs. QQQQ.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 Mackenzie NASDAQ 100 Index ETF (QQQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUU-U.TO is traded in USD, while QQQQ.TO is traded in CAD. To make them comparable, the QQQQ.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 QQQQ.TO's 19.74% 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*: —

QQQQ.TO

• 1D: -0.40%
• 1M: 8.56%
• YTD: 19.74%
• 6M: 18.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XUU-U.TO vs. QQQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	11.58%	5.51%
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	19.74%	8.46%

Correlation

The correlation between XUU-U.TO and QQQQ.TO is 0.49, 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	0.49

Return for Risk

XUU-U.TO vs. QQQQ.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

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. 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 (XUU-U.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.

	XUU-U.TO	QQQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.42	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.27	—	—
Martin ratio: Return relative to average drawdown	15.43	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XUU-U.TO	QQQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	2.68	-1.79

Drawdowns

XUU-U.TO vs. QQQQ.TO - Drawdown Comparison

The maximum XUU-U.TO drawdown since its inception was -28.73%, which is greater than QQQQ.TO's maximum drawdown of -11.59%. Use the drawdown chart below to compare losses from any high point for XUU-U.TO and QQQQ.TO.

Drawdown Indicators

	XUU-U.TO	QQQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-28.73%	-11.59%	-17.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	—	—
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-5.78%	-2.52%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	—	—

Volatility

Volatility by Period

	XUU-U.TO	QQQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	17.45%	-5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	17.45%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	17.45%	+0.20%

XUU-U.TO vs. QQQQ.TO - Expense Ratio Comparison

XUU-U.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

XUU-U.TO vs. QQQQ.TO - Dividend Comparison

XUU-U.TO's dividend yield for the trailing twelve months is around 0.74%, more than QQQQ.TO's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QQQQ.TO Mackenzie NASDAQ 100 Index ETF	0.09%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

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

XUU-U.TO and QQQQ.TO have a correlation of 0.49, 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 QQQQ.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 QQQQ.TO?

XUU-U.TO is cheaper with a 0.08% expense ratio, compared with 0.25% for QQQQ.TO.

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

XUU-U.TO is categorized as Large Cap Blend Equities, while QQQQ.TO is Nasdaq-100. XUU-U.TO tracks S&P Total Market Index, while QQQQ.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and Mackenzie. Their fees differ too: 0.08% for XUU-U.TO and 0.25% for QQQQ.TO.