Stock price when the opinion was issued
NASDAQ is primarily tech companies, and you pay up for that. Growth rate for a lot of those companies is strong. But he sees the market broadening out to other sectors. As the economy and the monetary environment improve, we'll see industrials and financials improve. We might even see some rotation.
The US version of a US-stock ETF will always be cheaper. For QQQ, you're paying 20 bps; XQQ is 39 bps, almost double. XQQ is hedged, which hasn't helped you, might help you going forward but doesn't see CAD having a big push against the USD. He'd prefer QQQ, but be cautious on tech at this point.
Likes that strategy a lot, makes a lot of sense. It would keep the tech exposure, but de-emphasize the weight of the market cap.
In the US, there are some ETFs in the Innovator line. Gives you upside exposure, but contains buffers that protect on the downside for you.