XQQ Stock Objective
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.
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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 Stock Market. 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. It lets you invest in innovative and growing companies, spread your investment across different types of businesses, and access global markets. 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 and consider your goals before making decisions.
XQQ Stock Profile
Updated daily
XQQ Stock 52 weeks high and low
Performance comparison with similar ETFs
XQQ vs ZQQ
| Criteria | XQQ | ZQQ |
|---|---|---|
| Management Expense Ratio | 0.39% | 0.39% |
| Size (Assets Under Management) | $2.09 billion | $1.52 billion |
| Holdings | Tracks NASDAQ 100 Index | Tracks NASDAQ 100 Index |
| Currency hedging | Currency hedging | |
| Historical Performance | Minimal tracking error | Minimal tracking error |
| Similar performance | Similar performance |
Both XQQ and ZQQ have the same management expense ratio (0.39%) and track the NASDAQ 100 Index with currency hedging. XQQ has a larger asset size compared to ZQQ. Both ETFs have shown minimal tracking error and similar historical performance.
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Dividend
| Declare Date | Ex-Div Date | Record Date | Pay Date | Amount |
|---|---|---|---|---|
| 11/23/2022 | 12/29/2022 | 12/30/2022 | 1/5/2023 | 0.1937 |
| 6/17/2022 | 6/24/2022 | 6/27/2022 | 6/30/2022 | 0.1650 |
Holdings
| Name | Weight (%) |
|---|---|
| MICROSOFT CORP | 12.68 |
| APPLE INC | 12.05 |
| AMAZON COM INC | 6.62 |
| NVIDIA CORP | 6.50 |
| TESLA INC | 4.05 |
| META PLATFORMS INC CLASS A | 4.00 |
| ALPHABET INC CLASS A | 3.88 |
| ALPHABET INC CLASS C | 3.84 |
| BROADCOM INC | 2.28 |
| USD/CAD | 1.80 |
Advantages of investing in the Nasdaq 100
Investing in the Nasdaq-100 index offers several advantages for investors. Here are some key benefits of investing in the Nasdaq-100:
Exposure to Innovative and High-Growth Companies: The Nasdaq-100 index includes some of the world’s most innovative and high-growth companies. These companies are at the forefront of technological advancements, disruptive business models, and cutting-edge research. By investing in the Nasdaq-100, you gain exposure to companies that have the potential for significant long-term growth and the ability to shape industries.
Diversification
The index provides diversification across multiple sectors. While it is known for its heavy concentration in technology, it also includes companies from other sectors such as consumer discretionary, healthcare, communication services, and more. This diversification helps reduce the impact of individual stock volatility and sector-specific risks on your investment portfolio.
Global Reach
It includes U.S. and international companies, providing exposure to global markets. This global reach allows investors to benefit from the growth of companies operating in various countries and regions, which can help mitigate the risks associated with investing solely in one country or region.
Strong Historical Performance
The Nasdaq-100 has delivered solid historical performance. The index has outperformed many other broad market indices, reflecting the success of the companies included. This historical performance can make the Nasdaq-100 an attractive option for investors seeking long-term capital appreciation.
Liquidity
It’s one of the most actively traded indexes in the world. This high level of liquidity makes it easier for investors to buy and sell shares, ensuring that they can enter or exit positions with minimal impact on the market price. Liquidity is an important consideration, particularly for large investors or those prioritizing the ability to trade quickly and efficiently.
Investment Vehicles
The Nasdaq-100 can be accessed through various investment vehicles, such as exchange-traded funds (ETFs), index funds, and futures contracts. These investment vehicles provide investors flexibility regarding investment size, cost efficiency, and convenience. Investors can choose the investment vehicle that aligns with their preferences and goals.
Currency Hedging Options
Some Nasdaq-100 investment options offer currency hedging, which can help mitigate the impact of currency fluctuations on international investments. Currency hedging can benefit investors who want to manage their currency risk exposure and focus solely on the performance of the underlying companies.
It’s important to note that investing in the Nasdaq-100 also carries risks, including market volatility, individual stock risk, and sector-specific risks. Before making any investment decisions, it’s advisable to conduct thorough research, evaluate your risk tolerance, and consult with a financial advisor to ensure the investment aligns with your financial goals and circumstances.