iShares NASDAQ 100 Index ETF Review (XQQ) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 75/100
This equity ETF has an MER of 0.39%. With lower than average fees, it’s a cost-effective option. Managing 72 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.

XQQ trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The iShares NASDAQ 100 Index (XQQ) 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 iShares NASDAQ 100 Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.39%. This ETF trades on the TSX exchange.

XQQ stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $72MM

Expense Ratio: 0.39%

Price: $139.04 (Updated: 3/7/2024)



iShares NASDAQ 100 Index (XQQ) Top 10 Holdings

Company NameSymbolAssets %
Microsoft CorporationMSFT8.92695
Apple IncAAPL8.66415
Amazon.com IncAMZN4.84528
NVIDIA CorporationNVDA4.59112
Broadcom IncAVGO4.30087
Meta Platforms Inc.META4.16194
Tesla IncTSLA2.72258
Alphabet Inc Class AGOOGL2.50478
Alphabet Inc Class CGOOG2.4525
Costco Wholesale CorpCOST2.39705

iShares NASDAQ 100 Index (XQQ) Breakdown by Market Cap

CategoryValue
Mega50.80608
Big38.07947
Medium10.37263
Small0
Micro0

iShares NASDAQ 100 Index (XQQ) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials02.30891
Consumer Cyclicals12.9019211.05899
Financial Services0.4697313.19634
Real Estate0.26671.85655
Communication Services15.557348.564
Energy0.467943.51122
Industrials4.848329.29279
Technology51.3290529.30908
Consumer Defensive6.459085.70742
Healthcare6.4766413.25845
Utilities1.223271.93624

iShares NASDAQ 100 Index (XQQ) Geographic Breakdown

RegionEquity %Relative to Category
North America97.18398.591
United Kingdom0.51950.32161
Europe Developed1.1150.753
Europe Emerging00
Africa/Middle East00.03
Japan00.071
Australasia00
Asia Developed00.046
Asia Emerging0.6060.084
Latin America0.5770.103

XQQ Management Expense Ratio

XQQ has a management expense ratio of  0.39% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  


How to Buy  iShares NASDAQ 100 Index TSX ETF

You can buy  XQQ 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
Questrade

Questrade

  • 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 Wealthawesome.com. 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