ZNQ.TO Alternatives & Similar ETFs

BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZNQ.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZNQ.TO

ZNQ.TO charges 0.39% annually. There are 8 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.15%.

Symbol	Name	Expense Ratio	AUM	Inception
QQQX.TO	Global X Nasdaq-100 Index ETF	0.15%	—	May 2024	ZNQ.TO vs QQQX.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	0.20%	1.54B	May 2021	ZNQ.TO vs QQC-F.TO
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	0.20%	1.96B	May 2021	ZNQ.TO vs QQC.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	0.21%	—	Nov 2021	ZNQ.TO vs QQCE.TO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	0.25%	—	Aug 2025	ZNQ.TO vs QQQQ.TO

Best Risk-Adjusted Alternatives to ZNQ.TO

ZNQ.TO has a PortfoliosLab risk / return rank of 67. There are 11 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 82.

Symbol	Name	Risk / Return Rank	AUM	Inception
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	82	59.49M	Nov 2025	ZNQ.TO vs QQCI.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	77	732.86M	Sep 2011	ZNQ.TO vs QQCC.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	77	—	May 2024	ZNQ.TO vs QQQL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	76	379.27M	Oct 2023	ZNQ.TO vs QQCL.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	75	136.22M	Sep 2024	ZNQ.TO vs JEPQ.TO

Top Performing ZNQ.TO Alternatives (YTD)

ZNQ.TO is at 20.44% YTD. There are 9 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 38.31%.

Symbol	Name	YTD Return	AUM	Inception
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	38.31%	—	Jun 2025	ZNQ.TO vs TQQQ.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	28.32%	500.98M	Jun 2008	ZNQ.TO vs QQU.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	25.16%	—	May 2024	ZNQ.TO vs QQQL.TO
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	24.22%	171.18M	Jul 2023	ZNQ.TO vs QQQT.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	21.09%	—	Nov 2021	ZNQ.TO vs QQCE.TO

Lowest Volatility Alternatives to ZNQ.TO

ZNQ.TO has 17.52% 1-year volatility. There are 6 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 13.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	13.83%	59.49M	Nov 2025	ZNQ.TO vs QQCI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	14.07%	136.22M	Sep 2024	ZNQ.TO vs JEPQ.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	14.39%	732.86M	Sep 2011	ZNQ.TO vs QQCC.TO
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	17.19%	1.96B	May 2021	ZNQ.TO vs QQC.TO
XQQU.TO	iShares NASDAQ 100 Index ETF	17.38%	—	Sep 2023	ZNQ.TO vs XQQU.TO

Lowest Drawdown Alternatives to ZNQ.TO

ZNQ.TO has a 1-year max drawdown of -12.24%. There are 7 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -7.62%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	-7.62%	59.49M	Nov 2025	ZNQ.TO vs QQCI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	-7.74%	136.22M	Sep 2024	ZNQ.TO vs JEPQ.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	-8.15%	732.86M	Sep 2011	ZNQ.TO vs QQCC.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	-10.70%	379.27M	Oct 2023	ZNQ.TO vs QQCL.TO
XQQU.TO	iShares NASDAQ 100 Index ETF	-12.09%	—	Sep 2023	ZNQ.TO vs XQQU.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 9 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.09%	5.68B	Nov 2021	ZNQ.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	11.86%	24.23B	Nov 2012	ZNQ.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	79	13.48%	846.16M	Jan 2022	ZNQ.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	97	30.69%	6.15B	Oct 2009	ZNQ.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.25%	16.91B	May 2009	ZNQ.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	14.60%	3.24B	Jan 2010	ZNQ.TO vs ZQQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	45	6.82%	6.18B	Oct 2011	ZNQ.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.97B	Jan 2010	ZNQ.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	20.55%	1.83B	Oct 2011	ZNQ.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.78%	1.30B	Nov 2014	ZNQ.TO vs ZUQ.TO

Often Compared With ZNQ.TO

Investors most often compare ZNQ.TO with HXQ.TO, TEC.TO, VFV.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HXQ.TO	Horizons NASDAQ-100 Index ETF	Nasdaq-100	68	20.53%	1.82B	Apr 2016	ZNQ.TO vs HXQ.TO
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	47	13.45%	4.93B	May 2019	ZNQ.TO vs TEC.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	11.93%	32.85B	Nov 2012	ZNQ.TO vs VFV.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	59	16.45%	493.17B	Mar 1999	ZNQ.TO vs QQQ
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	80	12.92%	19.56B	Aug 2019	ZNQ.TO vs XEQT.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	70	10.93%	2.46B	Aug 2013	ZNQ.TO vs VGG.TO
ZGQ.TO	BMO MSCI All Country World High Quality Index ETF	Global Equities	56	13.30%	1.27B	Nov 2014	ZNQ.TO vs ZGQ.TO
BMO	Bank of Montreal		96	35.89%	—	—	ZNQ.TO vs BMO
QTR	Global X NASDAQ 100 Tail Risk ETF	Nasdaq-100, Hedge Fund	53	14.00%	7.82M	Aug 2021	ZNQ.TO vs QTR
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	73	12.13%	6.24B	Jan 2018	ZNQ.TO vs QUU.TO
ZID.TO	BMO MSCI India ESG Leaders Index ETF	Asia Pacific Equities	3	-13.93%	182.61M	Jan 2010	ZNQ.TO vs ZID.TO
IAG.TO	iA Financial Corporation Inc.		75	6.65%	—	—	ZNQ.TO vs IAG.TO
HTAE.TO	Harvest Tech Achievers Enhanced Income ETF - Class...	Technology Equities	49	24.61%	104.75M	Oct 2022	ZNQ.TO vs HTAE.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	61	8.19%	—	Nov 2012	ZNQ.TO vs ZSP-U.TO
ZXLK.TO	BMO SPDR Technology Select Sector Index ETF	Technology Equities	45	31.94%	—	Feb 2025	ZNQ.TO vs ZXLK.TO
XQQ.TO	iShares NASDAQ 100 Index ETF (CAD-Hedged)	Nasdaq-100	44	14.79%	5.60B	May 2011	ZNQ.TO vs XQQ.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	61	14.40%	133.42M	Oct 2025	ZNQ.TO vs QQQY.TO
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	54	15.43%	—	Jan 2021	ZNQ.TO vs ZWT.TO
HULC.TO	Global X US Large Cap Index Corporate Class ETF	Large Cap Blend Equities	72	12.30%	742.71M	Feb 2020	ZNQ.TO vs HULC.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	44	19.67%	1.01B	Oct 2023	ZNQ.TO vs QMAX.TO

Compare ZNQ.TO with Any Fund or Stock

Compare ZNQ.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ZNQ.TO with funds that move differently

BMO NASDAQ 100 Equity Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZNQ.TO.

Explore ZNQ.TO Diversifiers

BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) Alternatives