A side-by-side comparison of Global X NASDAQ-100 Index Corporate Class ETF CAD (HXQ) and Invesco NASDAQ 100 ETF (QQQM) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | HXQ | QQQM |
|---|---|---|
| YTD Return | +18.94%✓ | -0.91% |
| 1-Day Change | -1.47% | -1.40%✓ |
| 1-Week Change | +1.22% | +1.52%✓ |
| 1-Month Change | -4.48% | -3.32%✓ |
| Current Price | $118.24 | $294.53 |
| AUM | $1.38B | $110.42B✓ |
| MER (Expense Ratio) | 0.25% | 0.15%✓ |
| Dividend Yield | — | 0.43% |
| Distribution Frequency | NA | — |
| Inception Date | 2016-04-19 | 2020-10-13 |
| Holdings Count | 1 | 102 |
| MorningStar Rating | — | — |
| Category | US Equity | US Equity |
| Beta | 0.00 | 1.18 |
| 52-Week High | $128.37 | $314.12 |
| 52-Week Low | $91.48 | $228.24 |
| 50-Day MA | $120.16 | $298.70 |
| 200-Day MA | $111.37 | $279.64 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HXQ | QQQM |
|---|---|---|
| YTD | +18.94%✓ | -0.91% |
| 1 Year | +15.00% | +15.59%✓ |
| 3 Year | +27.42% | +28.15%✓ |
| 5 Year | +14.73% | +14.83%✓ |
| 10 Year | +20.70%✓ | +0.00% |
| 1Y Volatility | 21.91% | 21.67% |
| Sharpe Ratio (3Y) | 1.40 | 1.26 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | HXQ | QQQM |
|---|---|---|
| Basic Materials | 1.00% | 0.99% |
| Communication Services | 16.08% | 11.82% |
| Consumer Cyclicals | 13.04% | 10.69% |
| Consumer Defensive | 4.25% | 6.08% |
| Energy | 0.47% | 0.48% |
| Financial Services | 0.35% | 0.21% |
| Healthcare | 4.17% | 4.26% |
| Industrials | 3.19% | 5.29% |
| Real Estate | 0.16% | 0.00% |
| Technology | 53.20% | 58.47% |
| Utilities | 1.36% | 1.10% |
About HXQ
HXQ seeks to replicate, to the extent possible, the performance of the NASDAQ-100® Index (Total Return), net of expenses. The NASDAQ-100® Index (Total Return) includes 100 of the largest domestic and international nonfinancial companies listed on The NASDAQ Stock Market.
About QQQM
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index weights its component securities using a "modified market capitalization-weighted" methodology, which takes into account the market value of the component securities subject to certain weight restrictions pursuant to the index provider"s methodology. It is non-diversified.
Which ETF is Right for You?
Both HXQ and QQQM are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
HXQ and QQQM are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between HXQ and QQQM?
HXQ (Global X NASDAQ-100 Index Corporate Class ETF CAD) and QQQM (Invesco NASDAQ 100 ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1.38B vs $110.42B), dividend yield (N/A vs 0.43%), and year-to-date performance (+18.94% vs -0.91%).
Is HXQ better than QQQM?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, HXQ has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy HXQ and QQQM on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HXQ and QQQM should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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