BGIN.NEO vs. ZQQ.TO

Last updated Jun 5, 2026

BGIN.NEO (BMO Global Innovators Fund Active ETF Series) and ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) are both exchange-traded funds - BGIN.NEO is a Technology Equities fund actively managed by BMO, while ZQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. BGIN.NEO is actively managed, while ZQQ.TO is passively managed. Over the past year, BGIN.NEO returned 84.48% vs 37.46% for ZQQ.TO. At a 0.44 correlation, their price movements are largely independent. BGIN.NEO charges 1.07%/yr vs 0.39%/yr for ZQQ.TO.

Performance

BGIN.NEO vs. ZQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Global Innovators Fund Active ETF Series (BGIN.NEO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGIN.NEO achieves a 51.05% return, which is significantly higher than ZQQ.TO's 19.23% return.

BGIN.NEO

• 1D: -2.25%
• 1M: 17.03%
• YTD: 51.05%
• 6M: 49.76%
• 1Y: 84.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZQQ.TO

• 1D: -0.49%
• 1M: 8.68%
• YTD: 19.23%
• 6M: 17.57%
• 1Y: 37.46%
• 3Y*: 26.20%
• 5Y*: 16.01%
• 10Y*: 19.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGIN.NEO vs. ZQQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BGIN.NEO BMO Global Innovators Fund Active ETF Series	51.05%	19.37%	32.08%	11.72%
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged)	19.23%	18.38%	24.00%	12.03%

Correlation

The correlation between BGIN.NEO and ZQQ.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023	0.44

Over the past year, BGIN.NEO and ZQQ.TO have become more correlated (0.69) than their long-term average of 0.44, meaning their price movements have been converging.

Return for Risk

BGIN.NEO vs. ZQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGIN.NEO

BGIN.NEO Risk / Return Rank: 91
BGIN.NEO Sharpe Ratio Rank: 92
BGIN.NEO Sortino Ratio Rank: 87
BGIN.NEO Omega Ratio Rank: 92
BGIN.NEO Calmar Ratio Rank: 93
BGIN.NEO Martin Ratio Rank: 90

ZQQ.TO

ZQQ.TO Risk / Return Rank: 68
ZQQ.TO Sharpe Ratio Rank: 75
ZQQ.TO Sortino Ratio Rank: 71
ZQQ.TO Omega Ratio Rank: 70
ZQQ.TO Calmar Ratio Rank: 60
ZQQ.TO Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGIN.NEO vs. ZQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Global Innovators Fund Active ETF Series (BGIN.NEO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BGIN.NEO	ZQQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.26	2.39	+0.87
Sortino ratio: Return per unit of downside risk	3.85	3.17	+0.68
Omega ratio: Gain probability vs. loss probability	1.61	1.41	+0.19
Calmar ratio: Return relative to maximum drawdown	6.42	2.93	+3.50
Martin ratio: Return relative to average drawdown	20.31	10.93	+9.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGIN.NEO vs. ZQQ.TO - Sharpe Ratio Comparison

The current BGIN.NEO Sharpe Ratio is 3.26, which is higher than the ZQQ.TO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BGIN.NEO and ZQQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGIN.NEO	ZQQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	2.39	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.91	+0.62

Drawdowns

BGIN.NEO vs. ZQQ.TO - Drawdown Comparison

The maximum BGIN.NEO drawdown since its inception was -29.19%, smaller than the maximum ZQQ.TO drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for BGIN.NEO and ZQQ.TO.

Drawdown Indicators

	BGIN.NEO	ZQQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.19%	-36.39%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-13.23%	-12.86%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.39%	—
Current Drawdown Current decline from peak	-2.25%	-0.77%	-1.48%
Average Drawdown Average peak-to-trough decline	-4.44%	-5.37%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	3.44%	+0.73%

Volatility

BGIN.NEO vs. ZQQ.TO - Volatility Comparison

BMO Global Innovators Fund Active ETF Series (BGIN.NEO) has a higher volatility of 9.75% compared to BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) at 4.56%. This indicates that BGIN.NEO's price experiences larger fluctuations and is considered to be riskier than ZQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGIN.NEO	ZQQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.75%	4.56%	+5.19%
Volatility (6M) Calculated over the trailing 6-month period	21.54%	12.02%	+9.52%
Volatility (1Y) Calculated over the trailing 1-year period	26.04%	15.73%	+10.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.12%	22.56%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.12%	22.41%	+3.71%

BGIN.NEO vs. ZQQ.TO - Expense Ratio Comparison

BGIN.NEO has a 1.07% expense ratio, which is higher than ZQQ.TO's 0.39% expense ratio.

Dividends

BGIN.NEO vs. ZQQ.TO - Dividend Comparison

BGIN.NEO's dividend yield for the trailing twelve months is around 0.20%, less than ZQQ.TO's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGIN.NEO BMO Global Innovators Fund Active ETF Series	0.20%	0.30%	0.36%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged)	0.22%	0.27%	0.37%	0.32%	0.45%	0.14%	0.41%	0.51%	0.64%	0.57%	1.60%	0.81%

Frequently Asked Questions

Can I hold both BGIN.NEO and ZQQ.TO in my portfolio?

BGIN.NEO and ZQQ.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BGIN.NEO or ZQQ.TO?

On fees, ZQQ.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BGIN.NEO or ZQQ.TO?

ZQQ.TO is cheaper with a 0.39% expense ratio, compared with 1.07% for BGIN.NEO.

What is the main difference between BGIN.NEO and ZQQ.TO?

BGIN.NEO is categorized as Technology Equities, while ZQQ.TO is Nasdaq-100. Their fees differ too: 1.07% for BGIN.NEO and 0.39% for ZQQ.TO.