Are you looking for the best ETF in Canada to diversify your investments? We rounded up the 5 best Canadian ETFs based on performance, dividends and focus. From funds that perform well in the medium and long run to the best dividend, REIT and bond funds, these are the high-performing ETFs to watch on the TSX.
If you’re ready to invest, check out ETF fees for brokerages like Wealthsimple, TD Direct Investing, Questrade, RBC Direct Investing and more.
CI Galaxy Bitcoin ETF US$ (BTCX-U)
The CI Galaxy Bitcoin ETF (US$) has yielded an impressive 166.88% return over the past year. The fund has net assets worth around $345 million and has a modest expense ratio of 0.40%. It’s designed for high-risk investors who want long-term capital growth from Bitcoin investments. Unlike buying cryptocurrency directly, BTCX-U provides indirect exposure to Bitcoin in the form of a professionally managed, institution-quality fund.
Buy on Interactive BrokersThese are the 5 top Canadian ETFs on the TSX based on 1-year performance:
| Symbol | ETF name | 1Y returns | Management fee | Net assets |
|---|---|---|---|---|
| BTCX-U | CI Galaxy Bitcoin ETF US$ | 166.88% | 0.40% | 346.81M |
| BTCX-B | CI Galaxy Bitcoin ETF C$ Unhedged | 165.43% | 0.40% | 703.74M |
| FBTC | Fidelity Advantage Bitcoin ETF | 163.87% | 0.40% | 421.03M |
| EBIT-U | Bitcoin ETF USD | 163.00% | 0.75% | 20.07M |
| BTCC-U | Purpose Bitcoin CAD ETF Non-Currency Hedged | 162.60% | 1.00% | 448.27M |
Horizons Big Data & Hardware Index ETF (HBGD)
The CI Canadian Convertible Bond ETF has yielded a solid 32.89% return over the past 5 years. The high-risk fund aims to replicate the performance of the Solactive Big Data & Hardware Index, which tracks global companies focused on products and services related to data-intensive applications like blockchain technology. The expense ratio is 0.59%, and total net assets are around $18 million.
Buy on Interactive BrokersThese are the 5 top Canadian ETFs on the TSX based on 5-year performance:
| Symbol | ETF name | 5Y returns | Management fee | Net assets |
|---|---|---|---|---|
| HBGD | Horizons Big Data & Hardware Index ETF | 32.89% | 0.59% | 18.38M |
| HQU | BetaPro NASDAQ-100 2x Daily Bull ETF | 30.13% | 1.15% | 330.3M |
| FBT | First Trust NYSE Arca Biotechnology ETF | 27.47% | 0.72% | 1.81M |
| FHQ | FT AlphaDEX U.S. Technology Sector Index ETF | 25.33% | 0.78% | 21.84M |
| HBLK | Blockchain Technologies ETF | 24.21% | 0.65% | 26.64M |
Middlefield Innovation Dividend ETF (MINN)
The Middlefield Innovation Dividend ETF has yielded a 60.34% return over the past 12 months. The fund aims to provide long-term returns by investing in global dividend-paying companies that develop and market products and services related to artificial intelligence, cloud computing, online advertising, software and e-commerce. It holds net assets of around $100 million and has an expense ratio of 0.90%.
Buy on Interactive BrokersThese are the 5 best dividend ETFs on the TSX based on 1-year performance:
| Symbol | ETF name | Yield | Management fee | Net assets |
|---|---|---|---|---|
| MINN | Middlefield Innovation Dividend ETF | 2.17% | 0.90% | 103.72M |
| TUED-U | TD Active U.S. Enhanced Dividend ETF | 2.69% | 0.65% | 10.97M |
| TUED | TD Active U.S. Enhanced Dividend ETF | 2.54% | 0.65% | 294.76M |
| TGED-U | TD Active Global Enhanced Dividend ETF | 3.83% | 0.65% | 6.78M |
| TGED | TD Active Global Enhanced Dividend ETF | 3.56% | 0.65% | 505.01M |
CI Global REIT Private Pool (CGRE)
CI Global REIT Private Pool has yielded a 0.02% return over the past year. It aims to provide regular income and capital appreciation in the medium to long term. Suitable for investors with a medium risk tolerance, the fund invests in REITs and equity securities of real estate corporations (residential and commercial) located anywhere in the world. It holds net assets of over $65 million and has an expense ratio of 0.70%.
Buy on Interactive BrokersThe real estate investment trust (REIT) industry has dipped in 2024, with the S&P/TSX Capped REIT index yielding a -0.90% return in Q1 and a -4.74% return over the past 12 months. These are the 5 best REIT ETFs on the TSX based on 1-year performance:
| Symbol | ETF name | 1Y returns | Management fee | Net assets |
|---|---|---|---|---|
| CGRE | CI Global REIT Private Pool | 0.02% | 0.70% | 65.56M |
| VRE | Vanguard FTSE Canadian Capped REIT Index ETF | -3.48% | 0.35% | 275.84M |
| HGR | Harvest Global REIT Leaders Income ETF | -3.49% | 0.85% | 15.42M |
| RIT | CI Canadian REIT ETF | -4.63% | 0.40% | 2.5M |
| XRE | iShares S&P/TSX Capped REIT Index ETF | -10.19% | 0.61% | 1.07B |
BMO Floating Rate High Yield ETF (ZFH)
The BMO Floating Rate High Yield ETF has yielded a 12.46% return over the past year. The fund has net assets worth around $90 million and has a modest expense ratio of 0.45%. It aims to provide high income by investing in a diverse basket of US high yield corporate bond issuers. Interest rate and currency risk are minimized by investing in short term Canadian federal bonds.
Buy on Interactive BrokersThese are the 5 best bond ETFs on the TSX based on 1-year performance:
| Symbol | ETF name | 1Y returns | Management fee | Net assets |
|---|---|---|---|---|
| ZFH | BMO Floating Rate High Yield ETF | 12.46% | 0.45% | 89.31M |
| CGHY-U | CI Global High Yield Credit Private Pool | 10.89% | 0.55% | 1.66M |
| CGHY | CI Global High Yield Credit Private Pool ETF CAD | 10.27% | 0.55% | 10.93M |
| ZJK | BMO High Yield US Corporate Bond Index ETF | 9.73% | 0.55% | 984.56M |
| HAF | Horizons Active Global Fixed Income ETF | 9.54% | 0.45% | 31.79M |
Basic details about a fund can be found in its ETF Facts document (known in other countries as Key Investor Information Documents or KIIDs), which the Canadian Securities Administrators (CSA) requires fund managers to provide investors. The document breaks down key information including:
There are 2 main ETF fees you should know about:
| Platform | ETF trade fee | |
|---|---|---|
CIBC Investor's Edge | $6.95 | |
Wealthsimple | Free | |
Questrade | Free | |
Interactive Brokers | Min. $1.00, Max. 0.5% | |
Qtrade Direct Investing | $0 - $8.75 | |
National Bank Direct Brokerage | $0 | |
Scotia iTRADE | $9.99 ($4.99 if completed 150 trades or more a quarter) | |
TD Direct Investing | $7.00 - $9.99 | |
RBC Direct Investing | $9.95 ($6.95 if completed 150 trades or more a quarter) | |
BMO InvestorLine | $0 - $9.95 |
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