ZQQ.TO vs. XEQT.TO
Compare and contrast key facts about BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
ZQQ.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019. Both ZQQ.TO and XEQT.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZQQ.TO or XEQT.TO.
Key characteristics
| ZQQ.TO | XEQT.TO | |
|---|---|---|
| YTD Return | 24.50% | 23.90% |
| 1Y Return | 34.60% | 31.05% |
| 3Y Return (Ann) | 8.28% | 8.64% |
| 5Y Return (Ann) | 19.69% | 11.97% |
| Sharpe Ratio | 2.15 | 3.35 |
| Sortino Ratio | 2.88 | 4.68 |
| Omega Ratio | 1.39 | 1.63 |
| Calmar Ratio | 2.75 | 4.86 |
| Martin Ratio | 10.04 | 25.26 |
| Ulcer Index | 3.74% | 1.28% |
| Daily Std Dev | 17.42% | 9.61% |
| Max Drawdown | -36.38% | -29.74% |
| Current Drawdown | -0.18% | 0.00% |
Correlation
The correlation between ZQQ.TO and XEQT.TO is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZQQ.TO vs. XEQT.TO - Performance Comparison
The year-to-date returns for both stocks are quite close, with ZQQ.TO having a 24.50% return and XEQT.TO slightly lower at 23.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZQQ.TO vs. XEQT.TO - Expense Ratio Comparison
ZQQ.TO has a 0.39% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Risk-Adjusted Performance
ZQQ.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and iShares Core Equity ETF Portfolio (XEQT.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.
Dividends
ZQQ.TO vs. XEQT.TO - Dividend Comparison
ZQQ.TO's dividend yield for the trailing twelve months is around 0.26%, less than XEQT.TO's 1.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.26% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% | 1.42% | 0.96% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.80% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZQQ.TO vs. XEQT.TO - Drawdown Comparison
The maximum ZQQ.TO drawdown since its inception was -36.38%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for ZQQ.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
ZQQ.TO vs. XEQT.TO - Volatility Comparison
BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) has a higher volatility of 5.08% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.97%. This indicates that ZQQ.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.