Global X Nasdaq-100 Index Corporate Class ETF (HXQ.U)

Global X Nasdaq-100 Index Corporate Class ETF (HXQ.U $65.38)
- $65.38 Fwd P/E: 27.96X Cap: $807M
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Global X S&P 500 Index Corporate Class ETF (HXS.U $64.52)
- $64.52 Cap: $3.11B
- View HXS.U Profile
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Global X Nasdaq-100 Index Corporate Class ETF (HXQ.U $65.38)
- $65.38 Fwd P/E: 27.96X Cap: $807M
- View HXQ.U Profile
- View Questions on HXQ.U

Q: I am considering buying HXS.U and HXQ.U in my non registered account for tax purposes. When looking at the 5 year charts of these 2 etfs I noticed a very large drop in both of them on the same day. For example HXS.U went from $85.38 on June 28 2021 to $43.03 on July 5 2021. These drops did not occur in the BMO etf ZSP.U or ZNQ.U. These drops did not occur in HXS or HXQ on that day either.
What happened then? Is there a risk that it could happen again. To lose half of their value is quite a scare.
Thanks
Victoria

Read Answer Asked by Anna on September 13, 2023

iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $56.80)
- $56.80 Fwd P/E: 28.76X Cap: $1.11B
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INVESCO QQQ Trust (QQQ $556.21)
- $556.21 Fwd P/E: 29.05X Cap: $355.93B
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Global X Nasdaq-100 Index Corporate Class ETF (HXQ $89.80)
- $89.80 Fwd P/E: 27.96X Cap: $1.10B
- View HXQ Profile
- View Questions on HXQ
Global X Nasdaq-100 Index Corporate Class ETF (HXQ.U $65.38)
- $65.38 Fwd P/E: 27.96X Cap: $807M
- View HXQ.U Profile
- View Questions on HXQ.U

Q: I would like to hold a NASDAQ 100 ETF long term in a non registered account.

1. is there a tax / bookkeeping advantage for holding one of the above over the other? (some websites imply that you have to keep records closely for American dollar ETFs, I believe they are referencing adjusted cost base at time of future sell.)

2. Is there an alternative to HXQ.CA that you would recommend? Or do. you think this is the best one at the present time?

3. Do any of your answers change if held in a TFSA?
4.Do any of your answers change if held in a RRSP?

Thanks
Ernie

Read Answer Asked by Ernest on August 18, 2021

Global X S&P 500 Index Corporate Class ETF (HXS $88.35)
- $88.35 Cap: $4.23B
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Global X S&P 500 Index Corporate Class ETF (HXS.U $64.52)
- $64.52 Cap: $3.11B
- View HXS.U Profile
- View Questions on HXS.U
Global X Nasdaq-100 Index Corporate Class ETF (HXQ $89.80)
- $89.80 Fwd P/E: 27.96X Cap: $1.10B
- View HXQ Profile
- View Questions on HXQ
Global X Europe 50 Index Corporate Class ETF (HXX $61.12)
- $61.12 Cap: $121M
- View HXX Profile
- View Questions on HXX
Global X Nasdaq-100 Index Corporate Class ETF (HXQ.U $65.38)
- $65.38 Fwd P/E: 27.96X Cap: $807M
- View HXQ.U Profile
- View Questions on HXQ.U

Q: Do you have a preference between HXS.CA vs HXS.U and HXQ.CA vs HXQ.U and could you comment on HXX - would it be the same as the others with the exception of the focus on Europe?
Thanks for your service

Read Answer Asked by Ozzie on April 02, 2021