HXQ.TO vs. ZNQ.TO
Compare and contrast key facts about Horizons NASDAQ-100 Index ETF (HXQ.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO).
HXQ.TO and ZNQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016. ZNQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 11, 2019. Both HXQ.TO and ZNQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HXQ.TO vs. ZNQ.TO - Performance Comparison
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HXQ.TO vs. ZNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | -3.77% | 15.05% | 35.98% | 51.16% | -27.84% | 26.20% | 45.58% | 22.35% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | -3.70% | 14.60% | 35.84% | 51.32% | -28.06% | 26.59% | 44.65% | 22.90% |
Returns By Period
The year-to-date returns for both investments are quite close, with HXQ.TO having a -3.77% return and ZNQ.TO slightly higher at -3.70%.
HXQ.TO
- 1D
- 0.98%
- 1M
- -2.40%
- YTD
- -3.77%
- 6M
- -3.50%
- 1Y
- 20.15%
- 3Y*
- 23.70%
- 5Y*
- 15.26%
- 10Y*
- —
ZNQ.TO
- 1D
- 1.04%
- 1M
- -2.40%
- YTD
- -3.70%
- 6M
- -3.73%
- 1Y
- 19.86%
- 3Y*
- 23.52%
- 5Y*
- 15.10%
- 10Y*
- —
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HXQ.TO vs. ZNQ.TO - Expense Ratio Comparison
HXQ.TO has a 0.25% expense ratio, which is lower than ZNQ.TO's 0.39% expense ratio.
Return for Risk
HXQ.TO vs. ZNQ.TO — Risk / Return Rank
HXQ.TO
ZNQ.TO
HXQ.TO vs. ZNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.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.
| HXQ.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.88 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.35 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.56 | +0.01 |
Martin ratioReturn relative to average drawdown | 4.66 | 4.56 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HXQ.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.88 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.73 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.90 | +0.06 |
Correlation
The correlation between HXQ.TO and ZNQ.TO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HXQ.TO vs. ZNQ.TO - Dividend Comparison
HXQ.TO has not paid dividends to shareholders, while ZNQ.TO's dividend yield for the trailing twelve months is around 0.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.26% | 0.25% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% |
Drawdowns
HXQ.TO vs. ZNQ.TO - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, roughly equal to the maximum ZNQ.TO drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and ZNQ.TO.
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Drawdown Indicators
| HXQ.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -32.09% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -13.03% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -31.60% | -32.09% | +0.49% |
Current DrawdownCurrent decline from peak | -8.56% | -8.73% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -6.76% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 4.45% | -0.09% |
Volatility
HXQ.TO vs. ZNQ.TO - Volatility Comparison
Horizons NASDAQ-100 Index ETF (HXQ.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) have volatilities of 6.43% and 6.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXQ.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 6.38% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 12.68% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.48% | 22.59% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 20.84% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 22.46% | -1.62% |