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Are XQQ and ZQQ Basically the Same?

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  • May 16th, 2020 4:27 pm
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May 11th, 2020 9:09 am
neltron3030 [OP]
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Oct 3, 2007
3181 posts
523 upvotes

May 11th, 2020 9:09 am

Are XQQ and ZQQ Basically the Same?

Just doing some research on these two ETFs and was wondering if there were any significant differences between ZQQ and XQQ? Their MER, performance and holdings are almost identical. Any reason to choose one over the other - price? Volume?
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May 16th, 2020 4:27 pm
sckor
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Jul 1, 2006
1003 posts
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May 16th, 2020 4:27 pm

They are both $CAD hedged versions of the Nasdaq-100 index.

I'm personally not a huge fan of currency hedging so I'd probably pick ZNQ for that reason over either of the other two.

I personally use HXQ which makes it super convenient to buy or sell in $US or $CAD since they have both versions (HXQ and HXQ.U). And because the CUSIPs are the same then can be used for a Norbert's Gambit to exchange currencies if desired.
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