Correlation
The correlation between XQQU.TO and ZNQ.TO is 0.83, 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.
XQQU.TO vs. ZNQ.TO
Compare and contrast key facts about iShares NASDAQ 100 Index ETF (XQQU.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO).
XQQU.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. XQQU.TO is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Sep 6, 2023. 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 XQQU.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XQQU.TO or ZNQ.TO.
Performance
XQQU.TO vs. ZNQ.TO - Performance Comparison
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Key characteristics
XQQU.TO:
0.63
ZNQ.TO:
0.63
XQQU.TO:
0.95
ZNQ.TO:
0.95
XQQU.TO:
1.13
ZNQ.TO:
1.13
XQQU.TO:
0.62
ZNQ.TO:
0.63
XQQU.TO:
1.95
ZNQ.TO:
1.95
XQQU.TO:
7.20%
ZNQ.TO:
7.31%
XQQU.TO:
24.87%
ZNQ.TO:
24.93%
XQQU.TO:
-22.68%
ZNQ.TO:
-32.09%
XQQU.TO:
-7.12%
ZNQ.TO:
-7.15%
Returns By Period
The year-to-date returns for both stocks are quite close, with XQQU.TO having a -2.92% return and ZNQ.TO slightly lower at -3.06%.
XQQU.TO
-2.92%
6.98%
-0.12%
17.25%
N/A
N/A
N/A
ZNQ.TO
-3.06%
6.98%
-0.07%
16.79%
22.60%
17.74%
N/A
Compare stocks, funds, or ETFs
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XQQU.TO vs. ZNQ.TO - Expense Ratio Comparison
Both XQQU.TO and ZNQ.TO have an expense ratio of 0.39%.
Risk-Adjusted Performance
XQQU.TO vs. ZNQ.TO — Risk-Adjusted Performance Rank
XQQU.TO
ZNQ.TO
XQQU.TO vs. ZNQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (XQQU.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.
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Dividends
XQQU.TO vs. ZNQ.TO - Dividend Comparison
XQQU.TO's dividend yield for the trailing twelve months is around 0.20%, less than ZNQ.TO's 0.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
XQQU.TO iShares NASDAQ 100 Index ETF | 0.20% | 0.20% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.31% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% |
Drawdowns
XQQU.TO vs. ZNQ.TO - Drawdown Comparison
The maximum XQQU.TO drawdown since its inception was -22.68%, smaller than the maximum ZNQ.TO drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for XQQU.TO and ZNQ.TO.
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Volatility
XQQU.TO vs. ZNQ.TO - Volatility Comparison
iShares NASDAQ 100 Index ETF (XQQU.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) have volatilities of 6.47% and 6.44%, 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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