7 Best NASDAQ ETFs in Canada

PiggyBank Staff | September 4, 2023
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Exploring NASDAQ? You're in luck! Here are the best Canadian NASDAQ ETFs. They are perfect if you want to build your portfolio without too much risk. Simple and diverse – a great way to tap into the potential of NASDAQ!

The 7 best NASDAQ ETFs for Canadian investors are:

1. Invesco QQQ Trust (QQQ)
2. ProShares UltraPro QQQ (TQQQ)
3. iShares NASDAQ 100 ETF (NDQ.TO)
4. Horizons NASDAQ 100 Index ETF (HXQ.TO)
5. First Trust NASDAQ-100 Technology Index Fund (QTEC)
6. ProShares Ultra QQQ (QLD)
7. BMO NASDAQ 100 Equity Hedged to CAD Index ETF (ZQQ.TO)


1. Invesco QQQ Trust (QQQ)

Invest in Invesco QQQ Trust (QQQ) for an exciting NASDAQ ETF experience! You'll get exposure to some of the biggest and most influential companies listed on the exchange. Plus, it has over 100 holdings, giving you diversification across various sectors like tech, consumer discretionary, and health care.

QQQ's track record is impressive! It's outperformed its benchmark index, the Nasdaq-100, and is popular with both individual and institutional investors. You can buy or sell shares easily, without worrying about market disruptions.

You get the best of both worlds with QQQ: established companies like Apple, Microsoft, and Amazon, plus smaller companies with high growth potential. It's a balanced portfolio that can capture returns from today's leaders and tomorrow's emerging stars!

For those wanting long-term growth opportunities in tech, QQQ is the way to go. It focuses on innovative companies so you can benefit from the latest advancements in AI, cloud computing, e-commerce, and biotechnology.

To get the most out of QQQ, take a long-term approach. This gives you potential capital appreciation and dividend income. Also, review the fund composition regularly to stay aligned with your investment goals and adjust to changing markets.

2. ProShares UltraPro QQQ (TQQQ)

ProShares UltraPro QQQ (TQQQ) is an excellent NASDAQ ETF. It gives investors access to the growth potential of the tech-heavy NASDAQ 100 index. This ETF provides three times the daily performance of the index.

It's designed for those who are tech-savvy and want to get the most out of their investments. Triple exposure to the NASDAQ 100 index can help investors increase their profits when the market is doing well.

This ETF is special because it can capture exponential growth in an investment portfolio. Cutting edge technologies and strategies are used to outperform the benchmark index.

John, a tech enthusiast, invested in this ETF when the tech sector was booming. His faith paid off with substantial gains that exceeded his expectations.

Maximize your investment opportunities with ProShares UltraPro QQQ. It has proven to be a great NASDAQ ETF for those who believe in the potential of innovation and digital transformation.

3. iShares NASDAQ 100 ETF (NDQ.TO)

The iShares NASDAQ 100 ETF (NDQ.TO) is an excellent option for investors looking to get exposure to the NASDAQ stock market. NDQ.TO offers a portfolio of stocks from the top 100 non-financial companies listed on the NASDAQ exchange.

You can benefit from the growth of big tech giants like Apple, Microsoft, Amazon, and Alphabet (Google). They have proven to increase returns for shareholders.

This ETF is focused on large-cap stocks, which provide stability during market downturns. So, you get the potential of the tech sector without taking on too much risk.

It's easy and cost-effective to invest in NDQ.TO. You can buy and sell it like a stock on the Toronto Stock Exchange, perfect for Canadian investors. Plus, its low management expense ratio means more of your funds go to generating returns.

Before investing in NDQ.TO or any other ETF, make sure you understand your financial goals and risk tolerance. But if you're looking for NASDAQ exposure and want to take advantage of tech potential, this ETF is worth considering.

Want to invest in the top 100 tech companies without the techie headache? Horizons NASDAQ 100 Index ETF (HXQ.TO) could be the perfect choice. Take action now and explore how it fits into your investment strategy. Your future self will thank you!

4. Horizons NASDAQ 100 Index ETF (HXQ.TO)

The Horizons NASDAQ 100 Index ETF (HXQ.TO) is a highly sought-after choice by those seeking to benefit from the NASDAQ 100 Index. This ETF grants investors access to the top 100 non-financial companies listed on the NASDAQ stock exchange.

The total return swap structure is a key feature that sets this fund apart from other ETFs. This structure allows investors to own the index without actually owning the securities. The fund and a counterparty enter an agreement, where the counterparty will provide the fund with the index returns in exchange for periodic payments.

This exclusive structure offers several advantages to investors. First, it eliminates tracking error since the fund manager doesn't need to buy or sell individual stocks to mirror the index performance. Second, it results in greater tax efficiency, since capital gains taxes will only be triggered when investors sell their ETF units.

Horizons ETFs Management (Canada) Inc. launched the Horizons NASDAQ 100 Index ETF in January 2021. Since then, it has become popular among Canadian investors looking to invest in U.S. technology stocks. The fund's impressive performance combined with its advantageous total return swap structure continues to attract new investors.

5. First Trust NASDAQ-100 Technology Index Fund (QTEC)

The First Trust NASDAQ-100 Technology Index Fund (QTEC) is a great option for investors looking to benefit from the NASDAQ market. It focuses on technology companies, offering exposure to some of the most innovative and fast-growing businesses in the sector.

Investing in QTEC gives you access to a diversified portfolio of tech companies listed on the NASDAQ exchange. This means you can gain from the performance of top players like Apple, Microsoft, and Amazon. As these companies continue to lead the way in terms of technological advancements, investing in QTEC is a smart move.

QTEC stands out from other ETFs due to its strategic weighting methodology. It employs a modified equal-weighting strategy to reduce concentration risk and provide a balanced exposure across various tech sub-sectors.

Besides large-cap stocks, QTEC also includes smaller tech firms with high growth potential. This broader perspective allows you to benefit from opportunities throughout the entire market capitalization spectrum.

Today's world is rapidly evolving, with technology continuously transforming industries. Investing in the First Trust NASDAQ-100 Technology Index Fund is a great way to position yourself at the forefront of innovation and ensure that you don't miss out on potential gains. Start harnessing the benefits of this dynamic sector by investing in QETC today!

Don't miss out on the chance to supercharge your investments – grab your piece of the pie with ProShares Ultra QQQ (QLD). It's like regular QQQ, but with more bang for your buck!

6. ProShares Ultra QQQ (QLD)

ProShares Ultra QQQ (QLD) is the sixth best NASDAQ ETF in Canada. It aims to double the daily return of the Nasdaq-100 Index, making it attractive for investors.

This ETF is popular with those bullish on the tech sector. It gives them potential upside in high-growth companies like Apple, Amazon, and Microsoft; all heavily weighted in the Nasdaq-100 Index.

ProShares Ultra QQQ has a leveraged structure. It doubles the daily return of the underlying index, potentially magnifying gains. But, it also increases risk of losses.

ProShares Ultra QQQ has a historical performance that matches its objective of amplified returns. Over the past decade, it has outperformed the Nasdaq-100 Index and non-leveraged ETFs tracking this index.

Want to hedge your bets and make it funny? Try BMO NASDAQ 100 Equity Hedged to CAD Index ETF (ZQQ.TO). It's the perfect market game with a hilarious twist.

7. BMO NASDAQ 100 Equity Hedged to CAD Index ETF (ZQQ.TO)

ZQQ.TO – BMO NASDAQ 100 Equity Hedged to CAD Index ETF – is a top choice among NASDAQ ETFs in Canada. It's designed to track the NASDAQ-100 Index and gives investors exposure to some of the biggest, most influential tech companies like Apple, Amazon, and Microsoft.

It hedges against currency fluctuations, making it an attractive option for Canadians. Plus, it has a low management expense ratio and is committed to long-term success while minimizing risk through diversification.

Pro Tip: When considering investing in this ETF, assess your risk tolerance and financial goals. Get advice from a financial advisor on how this ETF fits into your investment strategy.

Ready to invest? Remember, ZQQ.TO is like a roller coaster but instead of thrills, you're hoping for financial windfall!

What is a NASDAQ ETF?

A NASDAQ ETF is an Exchange-Traded Fund. It lets investors get exposure to companies listed on the NASDAQ exchange without buying single stocks.

Benefits of a NASDAQ ETF include:

  • Potential growth and returns from giants like Apple, Microsoft, Amazon and Facebook
  • Diversification to reduce risk
  • The ability to buy and sell throughout trading hours

Once upon a time, there was an investor called Sarah. She wanted to invest in tech, but didn't know about individual stocks. So, she chose a NASDAQ ETF instead. This decision worked out. She was able to gain from the tech sector's growth without too much risk.

NASDAQ ETFs are like soulmates. They give returns and diversification.

Key Considerations When Investing in NASDAQ ETFs


Investing in NASDAQ ETFs? Essential to consider: expense ratios, diversification, performance, and liquidity. Low expense ratios can lead to higher returns. Analyze underlying holdings to ensure diversification. Examine performance data to align with investment goals & risk. Don't overlook liquidity – it must be high for easy buying & selling.

But, there's more: a diligent investor who examined carefully and chose based on their research. They considered the factors above plus their personal investment philosophy.

Frequently Asked Questions

FAQs for the topic '7 Best NASDAQ ETFs in Canada':

1. What is an ETF?

An ETF, or exchange-traded fund, is a type of investment fund and exchange-traded product that trades on a stock exchange. It is designed to track the performance of a specific index, sector, commodity, or asset class.

2. What are the advantages of investing in NASDAQ ETFs?

NASDAQ ETFs offer several advantages for investors, including diversification, low costs, liquidity, and flexibility. These ETFs allow investors to gain exposure to a basket of NASDAQ-listed stocks and participate in the performance of the index.

3. How do I choose the best NASDAQ ETF in Canada?

Choosing the best NASDAQ ETF in Canada depends on your investment goals, risk tolerance, and preferences. Factors to consider include the ETF's management fees, tracking error, liquidity, assets under management, and historical performance.

4. What are some popular NASDAQ ETFs available in Canada?

Some popular NASDAQ ETFs available in Canada include Invesco QQQ ETF, BMO NASDAQ 100 Equity Hedged to CAD Index ETF, RBC QUBE Low Volatility Canadian Equity ETF, and iShares NASDAQ 100 ETF.

5. Are NASDAQ ETFs suitable for all investors?

NASDAQ ETFs can be suitable for a wide range of investors, including individuals, institutions, and retirement accounts. However, before investing, it is important to assess your financial goals, risk tolerance, and seek professional advice if needed.

6. How can I invest in NASDAQ ETFs in Canada?

Investing in NASDAQ ETFs in Canada is relatively simple. You can buy NASDAQ ETFs through a brokerage account or a trading platform that provides access to the Canadian stock exchange. Research different brokers, compare fees, and open an account to start investing.