BMO NASDAQ 100 HEDGED TO CAD INDEX ETF…

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BMO NASDAQ 100 HEDGED TO CAD INDEX ETF (ZQQ.TO)

196.10

-9.90 (4.81%)

as of Jun 5, 2026, 7:59:51 pm Market Open.

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Investor Insights

Jun 5, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

The BMO NASDAQ 100 Hedged to CAD Index ETF (ZQQ) is seen as a potential way to gain exposure to the technology sector, with some experts acknowledging its value in that aspect. However, there are significant concerns regarding its hedging strategy, which some believe does not provide substantial benefits and only serves to inflate costs. Investors caution that the tech sector is currently volatile and its high valuations could signify a market top, akin to historical bubbles. Diversification beyond NASDAQ-focused investments is strongly recommended, as the correlation among tech stocks in the portfolio may exacerbate volatility. Overall, experts advise against significant investment in ZQQ at this moment given its perceived high valuation and the uncertain economic conditions.

Consensus

Cautious

Valuation

Overvalued

Similar

SPY

COMMENT

A Canadian tech ETF better than ZQQ? ZQQ is CAD-hedged, so where do you think the CAD will move? HXQ is similar to ZQQ, but a cheaper MER at 0.28%. ZQQ has no hedge to CAD. He prefers HXQ, because it's cheaper and unhedged.

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COMMENT

QQQ vs ZQQ? He thinks the Canadian dollar has over shot its real value here, so that factors into a Canadian hedged ETF. On an annual basis you should expect subdued growth for the next while. Having a decent weight in the NASDAQ makes sense.

BUY

ZQQ vs. ICLN. ZQQ is a play in the tech sector and has done extremely well on this rebound. It is probably a little overvalued. He would prefer this for the long term. ICLN-O is domiciled in New York and in a TFSA they will withhold taxes that can't be captured. It is okay in a RRSP.

PARTIAL BUY

Tech ETFs? If you look at the Nasdaq 100 most of the index are the FANG companies. You could buy QQQQ or ZQQ (in CAD dollars). He would not wait for the end of the crisis, you want to take advantage of these sell offs. You could begin to build a position around here.

TOP PICK

A lot of the companies in the ETF were growing before COVID-19 came along. With 50% of the index made up of APPL, FB, INTL and AMZN along with other great companies this is a pretty easy bet -- especially after all the carnage thus far.

COMMENT

ZQQ-T vs. TQQQ-N. The question is if you buy it with a currency hedge or the US version. If you are holding for the next few years, the Canadian dollar will be stronger down the road. He would prefer the ZQQ-T version but today is not the day to buy. In the next market decline he thinks some of the tech stocks will get hit.

COMMENT

A Canadian XLK? ZQQ comes to mind, but there's a First Trust one.

DON'T BUY

He doesn't think there is anything wrong with tech, but everything that is good is already in the stock price. He would rather just pay Apple, Google and Microsoft.

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COMMENT

[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.

DON'T BUY

The hedging part is fine, but you're late on this story. FAANGs dominate the Nasdaq, and the bulk of the money has been made on tech stocks already, because Washington will regulate them.

WEAK BUY

A fine ETF. It's for you if you're long term in tech, but he doesn't use NASDAQ much in his practice. If you want to trade the Nasdaq, this is a good instrument. Also, he doesn't use hedges.

COMMENT

A tech ETF recommendation? He likes XLK-N, which has all the big players and of course QQQ-Q and the ZQQ-T. It depends on whether you want a particular skew in Apple, Facebook, etc. The QQQ-Q provides the best diversification he thinks.

DON'T BUY

A hedged version of the NAZDAQ-100. It is a way to play the NAZDAQ with pure market exposure, rather than currency, however he is not looking for a big breakout here.

DON'T BUY

NASDAQ 100 hedged Tech. Previously this was the last thing to break before markets broke. He knows of a well known trader who is now shorting the NASDAQ 100 as of last week. Larry is net short the small NASDAQ companies presently.

COMMENT

Recognize this is not all technology. He doesn’t mind the NASDAQ index. It is hitting new highs and has names in the Tech space, but keep in mind that it does have names in the consumer discretionary space as well as the pharmaceutical biotech space. When you compare it against some of the other pure play technology ETF’s, it hasn’t done as well.

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BMO NASDAQ 100 HEDGED TO CAD INDEX ETF (ZQQ.TO)