best growth etf

Top 10 Best Growth ETF in Canada!

In this post, we will delve into the realm of the Best Growth ETF in Canada and explore those that have demonstrated remarkable performance over the past 5 years. By analyzing historical data, we can gain insights into the ETFs that have successfully navigated market fluctuations and exhibited consistent growth. However, it’s important to note that past performance does not guarantee future results, and conducting thorough research and considering other factors is crucial before making any investment decisions.

AUM, Expense ratio and Focus

SymbolAUMExpense
ratio
HQU272 M CAD2.69%
XIT616 M CAD0.63%
HXQ679 M CAD0.28%
NNRG424 M CAD2.95%
HXQ.U492 M USD0.28%
ZNQ447 M CAD0.39%
XQQ2.27 B CAD0.39%
QQC.F643 M CAD0.20%
ZQQ1.62 B CAD0.39%
QQC.F643 M CAD0.20%
TEC1.89 B CAD0.40%
Best Growth ETF – Top 10

Top Best Growth ETF in Canada – Performance

SymbolPerf %
YTD
Perf %
5Y
HQU BETAPRO NASDAQ 100 2X DAILY BULL ETF+87.73%+209.71%
XIT ISHARES SP TSX CAPPED INFO TECH IDX ETF+43.61%+183.24%
HXQ HORIZONS NASDAQ 100 INDEX ETF+47.71%+153.07%
NNRG NINEPOINT ENERGY FUND+5.79%+144.70%
HXQ.U HORIZONS NASDAQ 100 INDEX ETF USD+40.80%+136.33%
ZNQ BMO NASDAQ 100 EQUITY INDEX ETF+44.48%+132.98%
XQQ ISHARES NASDAQ 100 INDEX ETF+42.13%+120.16%
QQC.F INVESCO NASDAQ 100 INDEX ETF+44.12%+118.89%
XQQ ISHARES NASDAQ 100 INDEX ETF CAD HD UNIT ETFD+42.28%+118.07%
ZQQ BMO NASDAQ 100 HEDGED TO CAD INDEX ETF+43.40%+118.01%
TEC TD GLOBAL TECHNOLOGY LEADERS INDEX ETF+46.48%+108.96
Best Growth ETF – Top 10

Review of BMO’s low volatility ETFs: ZLB and ZLU

Best Preferred Shares ETFs in Canada (High monthly Dividends)

Analysis

The table highlights the top-performing ETFs in Canada over the past 5 years. It’s evident that the technology sector has been a dominant force in delivering strong returns during this period. In fact, several ETFs related to the technology sector, such as the XIT iShares S&P/TSX Capped Information Technology Index ETF and various NASDAQ 100-focused ETFs, have shown remarkable growth, with returns exceeding 100%. Indeed, this performance reflects the growing influence and profitability of technology companies in today’s markets.

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Overall, the table underscores the significance of technology-related ETFs and the importance of sector-specific and quality-driven strategies in achieving substantial returns over the past 5 years. However, as with any investment, past performance is not indicative of future results, and investors should conduct thorough research and consider their financial goals and risk tolerance before making investment decisions.

NNRG NINEPOINT ENERGY FUND

NNRG ETF invests primarily in mid-cap companies involved directly or indirectly in the exploration, development, production and distribution of oil or gas and other related activities in the energy and resource sector.

NNRG is an active ETF. The fund does not replicate an index. On the contrary, the portfolio manager selects stocks that best fit the funds’ stated objective. NNRG is suited for investment with high-risk tolerance.

The fund invests mainly in Canadian companies.

Top Ten Holdings as of 08/31/2023

Athabasca Oil Corp
Baytex Energy Corp
Canadian Natural Resources Ltd
Cenovus Energy Inc (Alberta)
Crescent Point Energy Corp
Meg Energy Corp
Suncor Energy Inc
Surge Energy Inc
Tamarack Valley Energy Ltd
Whitecap Resources Inc

XIT ISHARES SP TSX CAPPED INFO TECH IDX ETF

XIT seeks long-term capital growth by replicating the performance of the S&P/TSX Capped Information Technology Index, net of expenses. The index tracked includes exclusively Canadian companies. In essence, this ETF invest in 24 Canadian technology stocks. In addition, there is a 25% cap put in place to avoid over exposure to a particular stock.

Top Ten Holdings

TickerNameWeight (%)
CSUCONSTELLATION SOFTWARE INC27.05
SHOPSHOPIFY SUBORDINATE VOTING INC CLA21.97
GIB.ACGI INC20.28
OTEXOPEN TEXT CORP9.30
DSGDESCARTES SYSTEMS GROUP INC6.06
KXSKINAXIS INC3.07
CLSCELESTICA INC2.70
BBBLACKBERRY LTD2.47
LSPDLIGHTSPEED COMMERCE INC1.86
ENGHENGHOUSE SYSTEMS LTD0.96

HQU BETAPRO NASDAQ 100 2X DL BL ETF NEW SHS ETF

HQU aims to double (200%) the daily performance of the NASDAQ-100 Inde in Canadian dollars. The fund uses uses leverage, making it riskier than other funds. This means that for a single day, it seeks to achieve returns of +200% or -200% of its Referenced Index. However, over longer periods or during times of high volatility, the ETF’s performance may differ significantly from that of the Referenced Index, which could be in either direction.

To manage currency risks, any gains or losses in U.S. dollars resulting from the ETF’s investments will be converted back to Canadian dollars.

Investors considering this ETF should be aware of its daily monitoring requirements. They need to also carefully read the prospectus to fully understand its features before investing.

ZNQ BMO NASDAQ 100 EQUITY INDEX ETF

BMO Nasdaq 100 Equity Index ETF has been designed to replicate the performance of a NASDAQ listed companies index.

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Top 10 holdings

Weight (%)Name
10.79%APPLE INC
9.43%MICROSOFT CORP
5.26%AMAZON.COM INC
4.31%NVIDIA CORP
3.83%META PLATFORMS INC
3.17%ALPHABET INC
3.16%TESLA INC
3.12%ALPHABET INC
2.98%BROADCOM INC

HXQ HORIZONS NASDAQ 100 INDEX ETF

HXQ seeks to replicate, to the extent possible, the performance of the NASDAQ-100® Index.

The NASDAQ-100® Index includes 100 of the largest domestic and international nonfinancial companies listed on The NASDAQ Stock Market.

Holdings

Security
Name
Weight
Apple Inc11.05%
Microsoft Corp9.52%
Amazon.com Inc5.38%
NVIDIA Corp4.15%
Meta Platforms Inc Cl A3.77%
Tesla Inc3.14%
Alphabet Inc Cl A3.12%
Alphabet Inc Cl C3.08%
Broadcom Inc2.97%

HXQ.U HORIZONS NASDAQ 100 INDEX ETF USD

HXQ seeks to replicate, to the extent possible, the performance of the NASDAQ-100® Index. The NASDAQ-100® Index (Total Return) includes 100 of the largest domestic and international nonfinancial companies listed on The NASDAQ Stock Market.

Note: This fund trades in US dollars

Holdings

Security
Name
Weight
Apple Inc11.05%
Microsoft Corp9.52%
Amazon.com Inc5.38%
NVIDIA Corp4.15%
Meta Platforms Inc Cl A3.77%
Tesla Inc3.14%
Alphabet Inc Cl A3.12%
Alphabet Inc Cl C3.08%
Broadcom Inc2.97%

TEC TD GLOBAL TECHNOLOGY LEADERS INDEX ETF

The TD Global Technology Leaders Index ETF aims to mirror the performance of a global equity index that tracks mid- and large-cap tech companies worldwide. More precisely, It seeks to replicate the Solactive Global Technology Leaders Index (CA NTR) or a potential successor. To achieve its goal, the fund managers plan to invest in a selected subset of securities from the relevant index. TEC fund manager may also explore other securities for exposure. Additionally, TEC can hold cash or equivalents to meet its obligations.

Top Ten Holdings

Apple Inc – Common13.89%
Microsoft Corp – Common12.63%
Amazon.com Inc – Common6.23%
NVIDIA Corp – Common5.62%
Alphabet Inc – Common Cl A4.32%
Alphabet Inc – Common Cl C3.74%
Tesla Inc – Common3.71%
Meta Platforms Inc – Common Cl A3.68%
Visa Inc – Common Cl A2.06%
Broadcom Inc – Common1.85%

XQQ ISHARES NASDAQ 100 INDEX ETF

iShares NASDAQ 100 Index ETF (CAD-Hedged) is an exchange traded fund that seeks to track the performance of the NASDAQ-100 Currency Hedged CAD Index.

FCUQ FIDELITY U S HIGH QUALITY INDEX ETF UNIT SER L (CAD)

Investing in the Fidelity U.S. High Quality Index ETF presents a compelling opportunity for investors seeking single-factor exposure to companies with robust balance sheets and more stable cash flows when compared to the broader U.S. equity market.

In addition, this ETF employs an outcome-oriented approach that aims to deliver long-term outperformance, making it an attractive addition to any investment portfolio. By providing access to high-quality companies, it acts as an efficient complement to a well-diversified portfolio.

Top ten holdings

  1. APPLE INC
  2. MICROSOFT CORP
  3. NVIDIA CORP
  4. CONOCOPHILLIPS
  5. TEXAS PACIFIC LAND CORP
  6. TESLA INC
  7. EOG RESOURCES INC
  8. MAGNOLIA OIL + GAS CORP A
  9. PROCTER + GAMBLE CO/THE
  10. COCA COLA CO/THE

Total number of holdings97
Top ten holdings aggregate33.9%

QQC.F INVESCO NASDAQ 100 INDEX ETF

If you’re looking for exposure to some of the largest non-financial companies listed on The Nasdaq Stock Market based on market capitalization, the XQQ ETF might be a suitable investment option. The XQQ ETF seeks to provide long-term capital growth by replicating the performance of the NASDAQ-100 Currency Hedged CAD Index, net of expenses.

What’s the Nasdaq 100?

The Nasdaq-100 is an important stock market index that represents the performance of 100 large and active non-financial companies listed on The Nasdaq. In other words, it’s a way to measure how these companies are doing. The index includes well-known companies like Apple, Microsoft, Amazon, and Alphabet. Investing in the Nasdaq-100 has advantages. Furthermore, it has a history of performing well and is easy to buy and sell because it’s traded a lot.

You can invest in it through different options like exchange-traded funds (ETFs). However, remember that investing in the stock market has risks, so it’s important to do your research.