Underlying Asset Performance: XQUE.F's price is primarily driven by the performance of the underlying stocks it tracks. Positive performance in those stocks will typically lead to a higher ETF price.

Supply and Demand: Market demand for XQUE.F units relative to their supply influences its price. Higher demand generally pushes the price up, while increased supply can lower it.

Currency Fluctuations: Since XQUE.F may hold assets denominated in foreign currencies, exchange rate fluctuations can impact its price. A strengthening currency will generally increase XQUE.F's value.

Expense Ratio and Tracking Error: The ETF's expense ratio and tracking error, which measures how closely it follows its benchmark, can influence its returns and price relative to the benchmark. Higher expense ratios or tracking error may detract from performance.

Market Sentiment: Overall market sentiment and investor confidence can affect the demand for and price of XQUE.F, regardless of the underlying assets' individual performance. Broad market optimism will likely increase its price, while pessimism may push it lower.