Best Tech ETFs Canada 2026
| ETF | Ticker | MER | Focus | Holdings |
|---|---|---|---|---|
| TD Global Tech Leaders | TEC | 0.40% | Global tech leaders | 260+ |
| iShares NASDAQ 100 (CAD-Hedged) | XQQ | 0.39% | NASDAQ-100 | 100 |
| BMO NASDAQ 100 Equity (CAD) | ZQQ | 0.39% | NASDAQ-100 | 100 |
| BMO NASDAQ 100 (Unhedged) | ZNQ | 0.39% | NASDAQ-100 (unhedged) | 100 |
| Evolve FANG+ | TECH | 0.70% | Mega-cap tech (FANG+) | ~10 |
| Harvest Tech Achievers Growth | HTA | 0.45% | US tech with covered calls | 20 |
Top Holdings (TEC)
| Company | Weight (approx) |
|---|---|
| Apple | ~14% |
| Microsoft | ~13% |
| NVIDIA | ~11% |
| Alphabet | ~5% |
| Amazon | ~5% |
| Meta | ~4% |
| Broadcom | ~3% |
| TSMC | ~3% |
| Samsung | ~2% |
| ASML | ~2% |
TEC vs XQQ vs ZQQ
| Feature | TEC | XQQ | ZQQ |
|---|---|---|---|
| MER | 0.40% | 0.39% | 0.39% |
| Index | Solactive Global Tech | NASDAQ-100 | NASDAQ-100 |
| Scope | Global tech | US NASDAQ | US NASDAQ |
| Hedged | ❌ Unhedged | ✅ CAD-hedged | ❌ Unhedged |
| Holdings | 260+ | 100 | 100 |
| Non-US stocks | ✅ (Samsung, TSMC, ASML) | ❌ US only | ❌ US only |
Risk Considerations
| Risk Factor | Impact |
|---|---|
| Sector concentration | Tech is one sector — high correlation |
| Valuation risk | Tech often trades at premium multiples |
| Drawdown potential | -30% to -40% in bear markets |
| Regulatory risk | Antitrust, AI regulation, data privacy |
| Interest rate sensitivity | Growth stocks hurt by rising rates |
Who Should Buy Tech ETFs
| Profile | Recommendation |
|---|---|
| Want satellite tech exposure (10-25%) | ✅ Good complement to core portfolio |
| Long-term horizon (10+ years) | ✅ Volatility smooths over time |
| Believe in continued tech growth | ✅ AI, cloud, semiconductors |
| All-in-one ETF holder wanting to tilt tech | ✅ Small TEC/XQQ allocation |
| Risk-averse or short horizon | ❌ Too volatile |