ZNQ.TO vs. HXQ.TO
Compare and contrast key facts about BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO).
ZNQ.TO and HXQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both ZNQ.TO and HXQ.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: ZNQ.TO or HXQ.TO.
Correlation
The correlation between ZNQ.TO and HXQ.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.
Performance
ZNQ.TO vs. HXQ.TO - Performance Comparison
Key characteristics
ZNQ.TO:
1.73
HXQ.TO:
1.76
ZNQ.TO:
2.37
HXQ.TO:
2.40
ZNQ.TO:
1.30
HXQ.TO:
1.31
ZNQ.TO:
2.41
HXQ.TO:
2.44
ZNQ.TO:
8.33
HXQ.TO:
8.60
ZNQ.TO:
3.70%
HXQ.TO:
3.64%
ZNQ.TO:
17.84%
HXQ.TO:
17.81%
ZNQ.TO:
-32.09%
HXQ.TO:
-31.60%
ZNQ.TO:
-2.30%
HXQ.TO:
-1.89%
Returns By Period
The year-to-date returns for both investments are quite close, with ZNQ.TO having a 2.14% return and HXQ.TO slightly higher at 2.15%.
ZNQ.TO
2.14%
1.39%
15.29%
31.82%
21.34%
N/A
HXQ.TO
2.15%
1.45%
15.80%
32.28%
21.63%
N/A
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ZNQ.TO vs. HXQ.TO - Expense Ratio Comparison
ZNQ.TO has a 0.39% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.
Risk-Adjusted Performance
ZNQ.TO vs. HXQ.TO — Risk-Adjusted Performance Rank
ZNQ.TO
HXQ.TO
ZNQ.TO vs. HXQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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.
Dividends
ZNQ.TO vs. HXQ.TO - Dividend Comparison
Neither ZNQ.TO nor HXQ.TO has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.00% | 0.00% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% |
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZNQ.TO vs. HXQ.TO - Drawdown Comparison
The maximum ZNQ.TO drawdown since its inception was -32.09%, roughly equal to the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for ZNQ.TO and HXQ.TO. For additional features, visit the drawdowns tool.
Volatility
ZNQ.TO vs. HXQ.TO - Volatility Comparison
BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO) have volatilities of 6.25% and 5.99%, 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.