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.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	0.20%	1.96B	May 2021	ZNQ.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	0.20%	1.54B	May 2021	ZNQ.TO vs QQC-F.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	0.21%	—	Nov 2021	ZNQ.TO vs QQCE.TO
HXQ.TO	Horizons NASDAQ-100 Index ETF	0.25%	1.25B	Apr 2016	ZNQ.TO vs HXQ.TO

Best Risk-Adjusted Alternatives to ZNQ.TO

ZNQ.TO has a PortfoliosLab risk / return rank of 74. There are 12 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 84.

Symbol	Name	Risk / Return Rank	AUM	Inception
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	84	—	May 2024	ZNQ.TO vs QQQL.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	82	59.49M	Nov 2025	ZNQ.TO vs QQCI.TO
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	82	166.05M	Jul 2023	ZNQ.TO vs QQQT.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	82	713.85M	Sep 2011	ZNQ.TO vs QQCC.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	81	364.56M	Oct 2023	ZNQ.TO vs QQCL.TO

Top Performing ZNQ.TO Alternatives (YTD)

ZNQ.TO is at 22.76% YTD. There are 8 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 61.21%.

Symbol	Name	YTD Return	AUM	Inception
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	61.21%	—	Jun 2025	ZNQ.TO vs TQQQ.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	40.64%	514.12M	Jun 2008	ZNQ.TO vs QQU.TO
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	31.74%	166.05M	Jul 2023	ZNQ.TO vs QQQT.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	28.52%	—	May 2024	ZNQ.TO vs QQQL.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	23.30%	—	Nov 2021	ZNQ.TO vs QQCE.TO

Lowest Volatility Alternatives to ZNQ.TO

ZNQ.TO has 15.69% 1-year volatility. There are 6 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 12.58%.

Symbol	Name	Volatility 1Y	AUM	Inception
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	12.58%	136.22M	Sep 2024	ZNQ.TO vs JEPQ.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	12.78%	713.85M	Sep 2011	ZNQ.TO vs QQCC.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	12.98%	59.49M	Nov 2025	ZNQ.TO vs QQCI.TO
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	15.33%	1.96B	May 2021	ZNQ.TO vs QQC.TO
XQQU.TO	iShares NASDAQ 100 Index ETF	15.61%	—	Sep 2023	ZNQ.TO vs XQQU.TO

Lowest Drawdown Alternatives to ZNQ.TO

ZNQ.TO has a 1-year max drawdown of -12.50%. There are 8 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%	713.85M	Sep 2011	ZNQ.TO vs QQCC.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	-10.68%	364.56M	Oct 2023	ZNQ.TO vs QQCL.TO
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	-12.14%	1.96B	May 2021	ZNQ.TO vs QQC.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 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	100	0.95%	5.70B	Nov 2021	ZNQ.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZNQ.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZNQ.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZNQ.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZNQ.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZNQ.TO vs ZQQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZNQ.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZNQ.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZNQ.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZNQ.TO vs ZUQ.TO

Often Compared With ZNQ.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TEC.TO	TD Global Technology Leaders Index ETF	Technology Equities	58	17.96%	5.04B	Mar 2022	ZNQ.TO vs TEC.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	ZNQ.TO vs VFV.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	ZNQ.TO vs QQQ
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	ZNQ.TO vs XEQT.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	59	8.57%	2.46B	Aug 2013	ZNQ.TO vs VGG.TO
ZGQ.TO	BMO MSCI All Country World High Quality Index ETF	Global Equities	55	13.23%	1.23B	Nov 2014	ZNQ.TO vs ZGQ.TO
BMO	Bank of Montreal		93	27.20%	—	—	ZNQ.TO vs BMO
QTR	Global X NASDAQ 100 Tail Risk ETF	Nasdaq-100, Hedge Fund	64	17.64%	7.81M	Aug 2021	ZNQ.TO vs QTR
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	72	12.55%	5.61B	Jan 2018	ZNQ.TO vs QUU.TO
ZID.TO	BMO MSCI India ESG Leaders Index ETF	Asia Pacific Equities	2	-18.18%	172.52M	Jan 2010	ZNQ.TO vs ZID.TO
IAG.TO	iA Financial Corporation Inc.		68	-2.43%	—	—	ZNQ.TO vs IAG.TO
HTAE.TO	Harvest Tech Achievers Enhanced Income ETF - Class...	Technology Equities	66	32.62%	110.66M	Oct 2022	ZNQ.TO vs HTAE.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	68	10.58%	—	Nov 2012	ZNQ.TO vs ZSP-U.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	77	20.66%	135.24M	Oct 2025	ZNQ.TO vs QQQY.TO
XQQ.TO	iShares NASDAQ 100 Index ETF (CAD-Hedged)	Nasdaq-100	66	19.81%	5.56B	May 2011	ZNQ.TO vs XQQ.TO
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	68	20.37%	—	Jan 2021	ZNQ.TO vs ZWT.TO
ZXLK.TO	BMO SPDR Technology Select Sector Index ETF	Technology Equities	71	37.64%	—	Feb 2025	ZNQ.TO vs ZXLK.TO
HULC.TO	Global X US Large Cap Index Corporate Class ETF	Large Cap Blend Equities	71	12.50%	703.33M	Feb 2020	ZNQ.TO vs HULC.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	52	22.06%	973.00M	Oct 2023	ZNQ.TO vs QMAX.TO
TXF.TO	CI Tech Giants Covered Call Common	Technology Equities, Derivative Income	85	31.75%	854.47M	Oct 2011	ZNQ.TO vs TXF.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