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ZQQ.TO vs. HTAE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZQQ.TO vs. HTAE.TO

Last updated Jun 4, 2026

ZQQ.TO (BMO NASDAQ 100 Equity (CAD Hedged)) and HTAE.TO (Harvest Tech Achievers Enhanced Income ETF - Class A Units) are both exchange-traded funds - ZQQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while HTAE.TO is a Technology Equities fund actively managed by Harvest. ZQQ.TO is passively managed, while HTAE.TO is actively managed. Over the past 3 years, ZQQ.TO returned 26.42%/yr vs 31.84%/yr for HTAE.TO. Their correlation of 0.90 suggests significant overlap in exposure. ZQQ.TO charges 0.39%/yr vs 2.49%/yr for HTAE.TO.

Performance

ZQQ.TO vs. HTAE.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, ZQQ.TO achieves a 19.82% return, which is significantly lower than HTAE.TO's 32.62% return.

ZQQ.TO

1D
-0.28%
1M
10.63%
YTD
19.82%
6M
18.08%
1Y
38.53%
3Y*
26.42%
5Y*
16.12%
10Y*
20.08%

HTAE.TO

1D
-1.02%
1M
20.35%
YTD
32.62%
6M
33.74%
1Y
56.12%
3Y*
31.84%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)		19.82%18.38%24.00%52.52%-6.18%
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class A Units		32.62%13.49%28.26%68.45%-3.55%

Correlation

The correlation between ZQQ.TO and HTAE.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2022

0.90

The correlation between ZQQ.TO and HTAE.TO has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

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

Sectors
ZQQ.TO
HTAE.TO

Technology

54.1%
90.7%

Communication Services

15.5%
9.3%

Consumer Cyclical

12.2%

-

Consumer Defensive

7.6%

-

Healthcare

4.2%

-

Industrials

3.1%

-

Utilities

1.4%

-

Basic Materials

1.2%

-

Energy

0.6%

-

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

ZQQ.TO
54.1%
HTAE.TO
90.7%

Communication Services

ZQQ.TO
15.5%
HTAE.TO
9.3%

Consumer Cyclical

ZQQ.TO
12.2%
HTAE.TO

-

Consumer Defensive

ZQQ.TO
7.6%
HTAE.TO

-

Healthcare

ZQQ.TO
4.2%
HTAE.TO

-

Industrials

ZQQ.TO
3.1%
HTAE.TO

-

Utilities

ZQQ.TO
1.4%
HTAE.TO

-

Basic Materials

ZQQ.TO
1.2%
HTAE.TO

-

Energy

ZQQ.TO
0.6%
HTAE.TO

-

Financial Services

ZQQ.TO
0.2%
HTAE.TO

-

Real Estate

ZQQ.TO
0.1%
HTAE.TO

-

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BMO NASDAQ 100 Equity (CAD Hedged)

Harvest Tech Achievers Enhanced Income ETF - Class A Units

Often compared with ZQQ.TO:
ZQQ.TO vs. ZNQ.TOZQQ.TO vs. XQQ.TOZQQ.TO vs. QQC.TOZQQ.TO vs. QQQZQQ.TO vs. VFV.TOZQQ.TO vs. TEC.TOZQQ.TO vs. ZSP.TO
Often compared with HTAE.TO:
HTAE.TO vs. HHIS.TOHTAE.TO vs. QMAX.TOHTAE.TO vs. QQCL.TOHTAE.TO vs. QQC-F.TOHTAE.TO vs. HDIF.TOHTAE.TO vs. HDIV.TOHTAE.TO vs. QQQY.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZQQ.TO
ZQQ.TO Risk / Return Rank: 6767
Overall Rank
ZQQ.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
ZQQ.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
ZQQ.TO Omega Ratio Rank: 6969
Omega Ratio Rank
ZQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
ZQQ.TO Martin Ratio Rank: 6161
Martin Ratio Rank
HTAE.TO
HTAE.TO Risk / Return Rank: 6666
Overall Rank
HTAE.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
HTAE.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
HTAE.TO Omega Ratio Rank: 6565
Omega Ratio Rank
HTAE.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
HTAE.TO Martin Ratio Rank: 5757
Martin Ratio Rank
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.

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

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

ZQQ.TOHTAE.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
2.57

-0.11

Sortino ratioReturn per unit of downside risk
3.25
3.20

+0.05

Omega ratioGain probability vs. loss probability

1.43

1.40

+0.02

Calmar ratioReturn relative to maximum drawdown

3.01

3.07

-0.06

Martin ratioReturn relative to average drawdown

11.25

10.12

+1.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ZQQ.TO Sharpe Ratio is 2.46, which is comparable to the HTAE.TO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of ZQQ.TO and HTAE.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.

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Sharpe Ratios by Period

ZQQ.TOHTAE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.57

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

1.39

-0.48

Drawdowns

ZQQ.TO vs. HTAE.TO - Drawdown Comparison

The maximum ZQQ.TO drawdown since its inception was -36.39%, which is greater than HTAE.TO's maximum drawdown of -30.83%. Use the drawdown chart below to compare losses from any high point for ZQQ.TO and HTAE.TO.

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Drawdown Indicators

ZQQ.TOHTAE.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.39%

-30.83%

-5.56%

Max Drawdown (1Y)

Largest decline over 1 year

-12.86%

-18.39%

+5.53%

Max Drawdown (3Y)

Largest decline over 3 years

-22.79%

-30.83%

+8.04%

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

-0.28%

-1.02%

+0.74%

Average Drawdown

Average peak-to-trough decline

-5.37%

-4.57%

-0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

5.56%

-2.13%

Volatility

ZQQ.TO vs. HTAE.TO - Volatility Comparison

The current volatility for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) is 4.54%, while Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE.TO) has a volatility of 6.89%. This indicates that ZQQ.TO experiences smaller price fluctuations and is considered to be less risky than HTAE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZQQ.TOHTAE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

6.89%

-2.35%

Volatility (6M)

Calculated over the trailing 6-month period

12.02%

17.54%

-5.52%

Volatility (1Y)

Calculated over the trailing 1-year period

15.73%

21.98%

-6.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.57%

26.99%

-4.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.41%

26.99%

-4.58%

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

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

Dividends

ZQQ.TO vs. HTAE.TO - Dividend Comparison

ZQQ.TO's dividend yield for the trailing twelve months is around 0.22%, less than HTAE.TO's 9.31% yield.

PositionTTM20252024202320222021202020192018201720162015
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%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

ZQQ.TO and HTAE.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

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

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

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