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Compare BMO NASDAQ 100 Equity Index ETF (ZNQ) vs Mackenzie NASDAQ 100 Index ETF (QQQQ) to find the best fit for your portfolio. ZNQ and QQQQ provide the same top sector exposures: Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZNQ features a management fee (MER) of 0.35%, compared to 0.25% for QQQQ. Performance-wise, ZNQ has returned 19.69% year-to-date with -$66 M in net flows, whereas QQQQ is at 18.76% with +$12 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ZNQ
QQQQ
| AuM | $2,294.04 M | $31.73 M |
| Management Fees | 0.35% | 0.25% |
| Exp. ratio | 0.39% | 0.25% |
| Tracking Difference | -0.57% | -0.32% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZNQ | +4.14% | +24.02% | +19.69% | +39.27% | +111.47% |
QQQQ | +2.55% | +21.28% | +18.76% | - | - | |
| Flows | ZNQ | -$6 M | +$64 M | -$66 M | +$682 M | +$1,095 M |
QQQQ | +$6 M | +$9 M | +$12 M | - | - |
ZNQ vs QQQQ exposure
Countries
ZNQ
USA
96.42%
QQQQ
USA
96.41%
Sectors
ZNQ
Information Technology
51.93%
Communication Services
14.82%
Consumer Discretionary
12.20%
Consumer Staples
7.59%
Other
13.46%
QQQQ
Information Technology
51.43%
Communication Services
15.10%
Consumer Discretionary
12.24%
Consumer Staples
7.67%
Other
13.57%
As of June 11, 2026
Top 10 Holdings
ZNQ
NVIDIA
9.05%
APPLE
7.06%
MICROSOFT-T
5.61%
AMAZON.COM INC
5.03%
ALPHABET INC-CL
3.63%
META PLATFORMS
3.50%
BROADCOM LIMITED
3.42%
ALPHABET INC-CL
3.36%
TESLA
3.31%
WALMART INC
3.07%
QQQQ
NVIDIA
8.55%
APPLE
7.02%
MICROSOFT-T
5.34%
AMAZON.COM INC
5.02%
ALPHABET INC-CL
3.95%
ALPHABET INC-CL
3.66%
BROADCOM LIMITED
3.49%
TESLA
3.36%
META PLATFORMS
3.18%
WALMART INC
3.14%
Diversification
ZNQ
Total weight of top 10 holdings out of 101 total
47.03%
QQQQ
Total weight of top 10 holdings out of 101 total
46.70%
Characteristics
Compare
ZNQ
QQQQ
| Provider | BMO | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | NASDAQ-100 Total Return Index - CAD | Nasdaq-100 Notional Net Return 15% Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.21% | - |
| Meets ESG criteria | No | No |
| Inception Date | February 15, 2019 | August 19, 2025 |
Frequently asked questions about ZNQ and QQQQ
Which ETF has performed better year to date: ZNQ or QQQQ?
As of June 11, 2026, ZNQ has returned 19.69% year to date, while QQQQ has returned 18.76%. ZNQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZNQ or QQQQ?
As of June 11, 2026, ZNQ manages $2.29 B in assets, while QQQQ manages $31.73 M. ZNQ is the larger fund by AUM.
How are ZNQ and QQQQ managed?
ZNQ is passively managed by BMO. It tracks the NASDAQ-100 Total Return Index - CAD benchmark. QQQQ is passively managed by Mackenzie Investments. It tracks the Nasdaq-100 Notional Net Return 15% Index - CAD benchmark.
What sectors do ZNQ and QQQQ emphasize?
ZNQ is most exposed to Information Technology, Communication Services, and Consumer Discretionary. QQQQ is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZNQ or QQQQ?
Year to date, ZNQ has seen -$66.42 M in net flows, compared with +$11.87 M for QQQQ. QQQQ has attracted more net investor money so far.
How do the fees of ZNQ and QQQQ compare?
ZNQ has an expense ratio of 0.39%, while QQQQ has an expense ratio of 0.25%.
What are the top holdings of ZNQ and QQQQ?
ZNQ's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. QQQQ's top holdings include NVIDIA, ALPHABET INC-CL, and APPLE.
Which ETF is more diversified: ZNQ or QQQQ?
ZNQ holds 93 securities, while QQQQ holds 93. On holdings count, ZNQ is the more diversified portfolio.
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