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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ)
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CI Tech Giants Covered Call ETF (TXF)
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Harvest Tech Achievers Growth & Income ETF (HTA)
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Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ)
Thank you, Hugh
Both ETFs utilize a covered call strategy focused on equal weight large cap technology companies. TXF invests in 25 companies while HTA invests in 20. Both ETFs offer CAD hedged and unhedged versions as well as a USD version. TXF charges a 0.71% MER while HTA charges 0.85% MER. Fees are higher in general for both due to the active covered call nature of the funds. AUM is quite similar with TXF having $655.98M and HTA having $667.60M. HTA holds entirely US stocks while TXF has a small (3.9%) allocation to international equities. HTA has outperformed in the shorter-term, however, TXF has done better since inception. We are comfortable with either option here but if we had to pick, we would choose TXF due to the lower MER and greater number of companies invested in.
A NASDAQ-100 ETF will have some overlap in holding with these two. XQQ would be the pick here. An equal weight option would be QQEQ.F.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in TXF.