ZQQ-CA
BMO Nasdaq 100 Equity Hedged to CAD Index ETF
BMO Nasdaq 100 Equity Hedged to CAD Index ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, BMO Nasdaq 100 Equity Hedged to CAD Index ETF seeks to replicate the performance of
US
EQUITY
Passive
MANAGEMENT STYLE
$2.2 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | BMO |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 19, 2010 |
| Assets (mns) | $2,162 |
| Expense ratio | 39 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Annually |
| Taxation | |
| Stock selection | NASDAQ - Listed |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 8.7 % |
| MICROSOFT CORP | 8.7 % |
| NVIDIA CORP | 8.6 % |
| BROADCOM INC. | 5.7 % |
| AMAZON.COM INC | 5.0 % |
| META PLATFORMS INC | 4.6 % |
| ALPHABET INC. CLASS A | 2.7 % |
| ALPHABET INC. CLASS C | 2.7 % |
| COSTCO WHOLESALE CORP | 2.6 % |
| TESLA MOTORS INC | 2.4 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 376 |
| Wgt avg mkt cap (mns) | $1,097,930 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.7% |
Country Exposure
 |
UNITED STATES | 97.3 % |
 |
BRITAIN | 2.0 % |
 |
NETHERLANDS | 1.1 % |
 |
CHINA | 0.7 % |
 |
ARGENTINA | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.1% | 28.4% | 30.0% | 7.5% | 18.6% | 16.3% | 18.1% | Volatility | 22.5% | 21.8% | 25.5% | 23.0% | 22.5% | 18.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 88% |
| MSCI EAFE | 0.96 | 54% |
| MSCI Emg Mkts | 0.79 | 37% |
Liquidity Measures
| Avg. volume (000) | 42 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $136,975 |
Technical Indicators
| Recent close | $148.21 |
| 30d moving avg. | $147.56 |
| Annualized volatility | 22.7% |
| Relative strength (RSI) | 75 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZQQ-CA |
Expenses vs. ZQQ-CA |
ALTAR Score™ vs. ZQQ-CA |
|---|---|---|---|---|
| XQQ-CA | iShares NASDAQ 100 Index ETF (CAD-Hedged) | 101.7% | 0 bp | +0.0% |
| TEC-CA | TD Global Technology Leaders Index ETF | 56.8% | +1 bp | -0.5% |
| ZSP-CA | BMO S&P 500 Index ETF Trust Units | 49.3% | -30 bp | +0.7% |
| QUU-CA | Mackenzie US Large Cap Equity Index ETF | 49.1% | -32 bp | +0.6% |
| XSUS-CA | iShares ESG Aware MSCI USA Index ETF | 48.3% | -16 bp | +0.6% |
| TPU-CA | TD U.S. Equity Index ETF | 44.6% | -32 bp | +0.7% |
| ESGY-CA | BMO MSCI USA ESG Leaders Index ETF | 39.5% | -16 bp | +0.7% |
| XUSR-CA | iShares ESG Advanced MSCI USA Index ETF Trust Units | 38.6% | -17 bp | +0.8% |
Risk and Returns: ZQQ-CA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ZQQ-CA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ZQQ-CA
4.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. ZQQ-CA's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places ZQQ-CA in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ZQQ-CASELL
U/W
HOLD
O/W
BUY