Correlation
The correlation between ZQQ.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.
ZQQ.TO vs. ZNQ.TO
Compare and contrast key facts about BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO).
ZQQ.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. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. 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 ZQQ.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: ZQQ.TO or ZNQ.TO.
Performance
ZQQ.TO vs. ZNQ.TO - Performance Comparison
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Key characteristics
ZQQ.TO:
0.46
ZNQ.TO:
0.55
ZQQ.TO:
0.87
ZNQ.TO:
0.95
ZQQ.TO:
1.12
ZNQ.TO:
1.13
ZQQ.TO:
0.55
ZNQ.TO:
0.63
ZQQ.TO:
1.77
ZNQ.TO:
1.96
ZQQ.TO:
7.09%
ZNQ.TO:
7.26%
ZQQ.TO:
25.40%
ZNQ.TO:
24.93%
ZQQ.TO:
-36.38%
ZNQ.TO:
-32.09%
ZQQ.TO:
-4.70%
ZNQ.TO:
-7.59%
Returns By Period
In the year-to-date period, ZQQ.TO achieves a 0.32% return, which is significantly higher than ZNQ.TO's -3.51% return.
ZQQ.TO
0.32%
9.02%
1.26%
11.54%
17.57%
16.58%
16.16%
ZNQ.TO
-3.51%
8.22%
0.26%
13.70%
22.30%
17.97%
N/A
Compare stocks, funds, or ETFs
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ZQQ.TO vs. ZNQ.TO - Expense Ratio Comparison
Both ZQQ.TO and ZNQ.TO have an expense ratio of 0.39%.
Risk-Adjusted Performance
ZQQ.TO vs. ZNQ.TO — Risk-Adjusted Performance Rank
ZQQ.TO
ZNQ.TO
ZQQ.TO vs. ZNQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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
ZQQ.TO vs. ZNQ.TO - Dividend Comparison
ZQQ.TO's dividend yield for the trailing twelve months is around 0.37%, more than ZNQ.TO's 0.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.37% | 0.37% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% | 1.42% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.31% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZQQ.TO vs. ZNQ.TO - Drawdown Comparison
The maximum ZQQ.TO drawdown since its inception was -36.38%, which is greater than ZNQ.TO's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for ZQQ.TO and ZNQ.TO.
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Volatility
ZQQ.TO vs. ZNQ.TO - Volatility Comparison
The current volatility for BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) is 5.30%, while BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) has a volatility of 6.27%. This indicates that ZQQ.TO experiences smaller price fluctuations and is considered to be less risky than ZNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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