A side-by-side comparison of Global X NASDAQ-100 Index Corporate Class ETF CAD (HXQ) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | HXQ | ZQQ |
|---|---|---|
| YTD Return | +18.92%✓ | +15.61% |
| 1-Day Change | +3.24%✓ | +3.17% |
| 1-Week Change | -2.80%✓ | -3.33% |
| 1-Month Change | +3.29%✓ | +1.25% |
| Current Price | $118.22 | $199.14 |
| AUM | $1.21B | $3.13B✓ |
| MER (Expense Ratio) | 0.25% | 0%✓ |
| Dividend Yield | — | 0.22% |
| Distribution Frequency | NA | Annually |
| Inception Date | 2016-04-19 | 2010-01-19 |
| Holdings Count | 1 | 10 |
| MorningStar Rating | ★★★★★ | ★★★★ |
| Category | US Equity | US Equity |
| Beta | 0.00 | 1.21 |
| 52-Week High | $122.52 | $208.17 |
| 52-Week Low | $84.49 | $147.91 |
| 50-Day MA | $110.07 | $189.22 |
| 200-Day MA | $101.76 | $177.83 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HXQ | ZQQ |
|---|---|---|
| YTD | +18.92%✓ | +15.61% |
| 1 Year | +34.77%✓ | +32.05% |
| 3 Year | +25.96%✓ | +24.14% |
| 5 Year | +16.49%✓ | +14.87% |
| 10 Year | +21.23%✓ | +19.43% |
| 1Y Volatility | 20.04% | 19.83% |
| Sharpe Ratio (3Y) | 1.48 | 1.28 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | HXQ | ZQQ |
|---|---|---|
| Basic Materials | 1.00% | 1.14% |
| Communication Services | 15.75% | 15.64% |
| Consumer Cyclicals | 13.20% | 12.27% |
| Consumer Defensive | 4.35% | 7.57% |
| Energy | 0.46% | 0.61% |
| Financial Services | 0.34% | 0.22% |
| Healthcare | 4.38% | 4.07% |
| Industrials | 3.05% | 2.98% |
| Real Estate | 0.15% | 0.07% |
| Technology | 55.90% | 54.06% |
| Utilities | 1.42% | 1.36% |
About HXQ
HXQ seeks to replicate, to the extent possible, the performance of the NASDAQ-100® Index (Total Return), net of expenses. The NASDAQ-100® Index (Total Return) includes 100 of the largest domestic and international nonfinancial companies listed on The NASDAQ Stock Market.
About ZQQ
The BMO Nasdaq 100 Equity Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of teh NASDAQ-100 Index Hedged to CAD, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index. The U.S. dollar currency exposure is hedged back to the Canadian dollar.
Which ETF is Right for You?
Both HXQ and ZQQ are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
HXQ and ZQQ are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between HXQ and ZQQ?
HXQ (Global X NASDAQ-100 Index Corporate Class ETF CAD) and ZQQ (BMO NASDAQ 100 Equity (CAD Hedged)) are both Canadian-listed ETFs. Key differences include their AUM ($1.21B vs $3.13B), dividend yield (N/A vs 0.22%), and year-to-date performance (+18.92% vs +15.61%).
Is HXQ better than ZQQ?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, HXQ has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy HXQ and ZQQ on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HXQ and ZQQ should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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