BMO NASDAQ 100 Equity Hedged to CAD Index ETF Review (ZQQ) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 74/100
This equity ETF has an MER of 0.40%. With lower than average fees, it’s a cost-effective option. Managing 227 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

ZQQ trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO NASDAQ 100 Equity Hedged to CAD Index (ZQQ) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the BMO NASDAQ 100 Equity Hedged to CAD Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.40%. This ETF trades on the TSX exchange.

ZQQ stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $227MM

Expense Ratio: 0.40%

Price: $128.72 (Updated: 3/7/2024)

BMO NASDAQ 100 Equity Hedged to CAD Index (ZQQ) Top 10 Holdings

Company NameSymbolAssets %
Apple IncAAPL9.25135
Microsoft CorporationMSFT8.63452 IncAMZN4.85149
Broadcom IncAVGO4.15992
Meta Platforms Inc.META3.86156
NVIDIA CorporationNVDA3.78029
Tesla IncTSLA3.69454
Alphabet Inc Class AGOOGL2.5539
Alphabet Inc Class CGOOG2.49258
Costco Wholesale CorpCOST2.33067

BMO NASDAQ 100 Equity Hedged to CAD Index (ZQQ) Breakdown by Market Cap


BMO NASDAQ 100 Equity Hedged to CAD Index (ZQQ) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials02.30891
Consumer Cyclicals13.0052211.05899
Financial Services0.5165113.19634
Real Estate0.266231.85655
Communication Services15.550868.564
Consumer Defensive6.623565.70742

BMO NASDAQ 100 Equity Hedged to CAD Index (ZQQ) Geographic Breakdown

RegionEquity %Relative to Category
North America97.09398.591
United Kingdom0.548710.32161
Europe Developed1.020.753
Europe Emerging00
Africa/Middle East00.03
Asia Developed00.046
Asia Emerging0.6620.084
Latin America0.6760.103

ZQQ Management Expense Ratio

ZQQ has a management expense ratio of  0.40% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO NASDAQ 100 Equity Hedged to CAD Index TSX ETF

You can buy  ZQQ on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
ImageProduct TitleFeaturesPrice
Editor's Choice
Wealthsimple Trade

Wealthsimple Trade

  • ETF buys and sells have $0 trading fees
  • Desktop and mobile trading
  • Reputable Brand
  • Beautiful Design
Get $25 Signup Bonus
Reliable Pick


  • ETF buys have $0 trading fees
  • Desktop and mobile trading
  • Most types of accounts available
Get $50 Free Stock Trades
Photo of author
Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

Check Out These Posts:

Leave a Comment