HTAE.TO vs. ZNQ.TO

Last updated Jun 4, 2026

HTAE.TO (Harvest Tech Achievers Enhanced Income ETF - Class A Units) and ZNQ.TO (BMO NASDAQ 100 Equity Index ETF) are both exchange-traded funds - HTAE.TO is a Technology Equities fund actively managed by Harvest, while ZNQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. HTAE.TO is actively managed, while ZNQ.TO is passively managed. Over the past 3 years, HTAE.TO returned 31.84%/yr vs 29.76%/yr for ZNQ.TO. Their correlation of 0.84 suggests significant overlap in exposure. HTAE.TO charges 2.49%/yr vs 0.39%/yr for ZNQ.TO.

Performance

HTAE.TO vs. ZNQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTAE.TO achieves a 32.62% return, which is significantly higher than ZNQ.TO's 22.76% return.

HTAE.TO

• 1D: -1.02%
• 1M: 20.35%
• YTD: 32.62%
• 6M: 33.74%
• 1Y: 56.12%
• 3Y*: 31.84%
• 5Y*: —
• 10Y*: —

ZNQ.TO

• 1D: 0.25%
• 1M: 13.05%
• YTD: 22.76%
• 6M: 18.72%
• 1Y: 42.93%
• 3Y*: 29.76%
• 5Y*: 20.92%
• 10Y*: —

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

HTAE.TO vs. ZNQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HTAE.TO Harvest Tech Achievers Enhanced Income ETF - Class A Units	32.62%	13.49%	28.26%	68.45%	-3.55%
ZNQ.TO BMO NASDAQ 100 Equity Index ETF	22.76%	14.60%	35.84%	51.32%	-6.61%

Correlation

The correlation between HTAE.TO and ZNQ.TO is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022	0.84

The correlation between HTAE.TO and ZNQ.TO has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

HTAE.TO vs. ZNQ.TO - Sectors Allocation Comparison

Sectors	HTAE.TO	ZNQ.TO
Technology	90.7%	54.1%
Communication Services	9.3%	15.5%
Basic Materials	-	1.2%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	7.6%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	3.1%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

HTAE.TO vs. ZNQ.TO — Risk / Return Rank

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

HTAE.TO

HTAE.TO Risk / Return Rank: 66
HTAE.TO Sharpe Ratio Rank: 78
HTAE.TO Sortino Ratio Rank: 69
HTAE.TO Omega Ratio Rank: 65
HTAE.TO Calmar Ratio Rank: 61
HTAE.TO Martin Ratio Rank: 57

ZNQ.TO

ZNQ.TO Risk / Return Rank: 74
ZNQ.TO Sharpe Ratio Rank: 83
ZNQ.TO Sortino Ratio Rank: 78
ZNQ.TO Omega Ratio Rank: 79
ZNQ.TO Calmar Ratio Rank: 68
ZNQ.TO Martin Ratio Rank: 60

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.

HTAE.TO vs. ZNQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.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.

	HTAE.TO	ZNQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.75	-0.18
Sortino ratio: Return per unit of downside risk	3.20	3.58	-0.38
Omega ratio: Gain probability vs. loss probability	1.40	1.48	-0.08
Calmar ratio: Return relative to maximum drawdown	3.07	3.45	-0.38
Martin ratio: Return relative to average drawdown	10.12	10.86	-0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTAE.TO vs. ZNQ.TO - Sharpe Ratio Comparison

The current HTAE.TO Sharpe Ratio is 2.57, which is comparable to the ZNQ.TO Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of HTAE.TO and ZNQ.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

	HTAE.TO	ZNQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.75	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	1.06	+0.33

Drawdowns

HTAE.TO vs. ZNQ.TO - Drawdown Comparison

The maximum HTAE.TO drawdown since its inception was -30.83%, roughly equal to the maximum ZNQ.TO drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for HTAE.TO and ZNQ.TO.

Drawdown Indicators

	HTAE.TO	ZNQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.83%	-32.09%	+1.26%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	-12.50%	-5.89%
Max Drawdown (3Y) Largest decline over 3 years	-30.83%	-22.67%	-8.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.09%	—
Current Drawdown Current decline from peak	-1.02%	0.00%	-1.02%
Average Drawdown Average peak-to-trough decline	-4.57%	-6.63%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	3.96%	+1.60%

Volatility

HTAE.TO vs. ZNQ.TO - Volatility Comparison

Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) has a higher volatility of 6.89% compared to BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) at 4.49%. This indicates that HTAE.TO's price experiences larger fluctuations and is considered to be riskier than ZNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTAE.TO	ZNQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	4.49%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	17.54%	11.99%	+5.55%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	15.69%	+6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.99%	20.81%	+6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.99%	22.34%	+4.65%

HTAE.TO vs. ZNQ.TO - Expense Ratio Comparison

HTAE.TO has a 2.49% expense ratio, which is higher than ZNQ.TO's 0.39% expense ratio.

Dividends

HTAE.TO vs. ZNQ.TO - Dividend Comparison

HTAE.TO's dividend yield for the trailing twelve months is around 9.31%, more than ZNQ.TO's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HTAE.TO Harvest Tech Achievers Enhanced Income ETF - Class A Units	9.31%	11.28%	10.01%	9.38%	2.20%	0.00%	0.00%	0.00%
ZNQ.TO BMO NASDAQ 100 Equity Index ETF	0.20%	0.25%	0.30%	0.35%	0.23%	0.12%	0.47%	0.52%

Frequently Asked Questions

Can I hold both HTAE.TO and ZNQ.TO in my portfolio?

HTAE.TO and ZNQ.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HTAE.TO or ZNQ.TO?

On fees, ZNQ.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, HTAE.TO or ZNQ.TO?

ZNQ.TO is cheaper with a 0.39% expense ratio, compared with 2.49% for HTAE.TO.

What is the main difference between HTAE.TO and ZNQ.TO?

HTAE.TO is categorized as Technology Equities, while ZNQ.TO is Nasdaq-100. They also come from different issuers: Harvest and BMO. Their fees differ too: 2.49% for HTAE.TO and 0.39% for ZNQ.TO.