The 6 best ETFs in Canada
Here are the 6 best Canadian ETFs on the TSX including the top ETF for dividend, REIT and bond investing.
We rounded up the 6 best ETFs in Canada based on performance, dividends and focus. From funds that perform well in the short and long run, to the best dividend, REIT and bond funds, these are the high-performing ETFs to watch on the Toronto Stock Exchange (TSX).
Ready to invest? Check out ETF fees for brokerages like Wealthsimple, TD Direct Investing, Questrade, RBC Direct Investing and more.
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Best ETFs in Canada
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF (HND)
The fund aims to provide daily results corresponding with 2X (200%) the opposite of the Horizons Natural Gas Rolling Futures Index.
- YTD returns: 125.30%
- Expense ratio: 1.38%
- Holdings: Primarily rolling forward contracts (commodities) and cash held for collateral
- Investment type: Multi Alternative
6 best Canadian ETFs by YTD performance
As of March 2024, these are the 6 best ETFs on the TSX based on year-to-date performance:
Symbol | ETF name | YTD returns | Management fee | Net assets |
---|---|---|---|---|
HND | BetaPro Natural Gas Inverse Leveraged Daily Bear ETF | 125.30% | 1.15% | 77.85M |
BTCX-U | CI Galaxy Bitcoin ETF US$ SeriesUnits | 76.58% | 0.85% | 102.59M |
FBTC-U | Fidelity Advantage Bitcoin ETF | 75.47% | 0.96% | 44.49M |
BTCC-U | Purpose Bitcoin ETF | 75.32% | 1.46% | 163.02M |
BTCX-B | CI Galaxy Bitcoin ETF C$ Unhedged Series Units | 75.02% | 0.85% | 205.06M |
BITC-U | Ninepoint Bitcoin ETF | 74.11% | 1.45% | 19.85M |
Best ETF in Canada: 1-year performance
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF (HND)
The fund aims to provide daily results corresponding with 2X (200%) the opposite of the Horizons Natural Gas Rolling Futures Index.
- 1Y returns: 69.62%
- Expense ratio: 1.38%
- Holdings: Primarily rolling forward contracts (commodities) and cash held for collateral
- Investment type: Multi Alternative
6 best Canadian ETFs by 1Y performance
As of March 2024, these are the 6 best ETFs on the TSX based on 1-year performance:
Symbol | ETF name | 1Y returns | Management fee | Net assets |
---|---|---|---|---|
HND | BetaPro Natural Gas Inverse Leveraged Daily Bear ETF | 69.62% | 1.15% | 77.85M |
HMJI | BetaPro Marijuana Companies Inverse ETF | 66.74% | 1.45% | 2.73M |
HXX | Horizons Europe 50 Index ETF | 31.54% | 0.17% | 93.38M |
EBNK | Evolve European Banks Enhanced Yield ETF | 28.18% | 0.60% | 3.28M |
HRED | BetaPro Equal Weight Canadian REIT 2x Daily Bear ETF | 26.20% | 1.15% | 10.24M |
HYLD.U | Hamilton Enhanced U.S. Covered Call ETF | 26.09% | 2.08% | 15.27M |
EBNK.B | Evolve European Banks Enhanced Yield ETF | 24.76% | 0.60% | 4.38M |
Best ETF in Canada: 5-year performance
First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ)
The fund seeks to replicate the performance of the StrataQuant Technology Index by investing primarily in technology stocks included in the Russell 1000 Index.
- 5Y returns: 24.06%
- Expense ratio: 0.78%
- Holdings: Stock investments in 100 technology companies
- Investment type: Mid Cap Growth
6 best Canadian ETFs by 5Y performance
As of March 2024, these are the 6 best ETFs on the TSX based on 5-year performance:
Symbol | ETF name | 5Y returns | Management fee | Net assets |
---|---|---|---|---|
FHQ | First Trust AlphaDEX U.S. Technology Sector Index ETF | 24.06% | 0.70% | 27.98M |
XIT | iShares S&P/TSX Capped Information Technology Index ETF | 19.83% | 0.55% | 572.52M |
HQU | BetaPro NASDAQ-100 2x Daily Bull ETF | 18.66% | 1.15% | 258.18M |
HXQ | Horizons NASDAQ-100 Index ETF | 16.69% | 0.25% | 731.39M |
FHH | FT AlphaDEX U.S. Health Care Sector Index ETF | 16.26% | 0.70% | 11.14M |
ZQQ | BMO Nasdaq 100 Equity Hedged to CAD Index ETF | 16.24% | 0.35% | 1.52B |
Best dividend ETF in Canada
BMO Europe High Dividend Covered Call ETF (ZWP)
The fund invests in European dividend stocks, aiming for income and long-term capital appreciation. Covered call options are used to hedge foreign currency risk.
- 1Y returns: 22.05%
- Yield: 6.62%
- Expense ratio: 1.70%
- Holdings: Stocks (92%)
- Investment type: Large Cap Value
6 best dividend ETFs in Canada
As of March 2024, these are the 6 best dividend ETFs on the TSX based on 1-year performance:
Symbol | ETF name | Yield | Management fee | Net assets |
---|---|---|---|---|
ZWP | BMO Europe High Dividend Covered Call ETF | 6.62% | 0.65% | 741.25M |
ZDI | BMO International Dividend ETF | 3.94% | 0.40% | 468.1M |
RPD | RBC Quant European Dividend Leaders ETF | 3.11% | 0.54% | 30.95M |
RID | RBC Quant EAFE Dividend Leaders ETF | 3.59% | 0.54% | 97.92M |
VIDY | Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 4.39% | 0.28% | 90.67M |
ZWE | BMO Europe High Dividend Covered Call Hedged to CAD ETF | 6.76% | 0.70% | 650.65M |
Best REIT ETF in Canada
BetaPro Equal Weight Canadian REIT 2x Daily Bear ETF (HRED)
The fund aims to provide daily results corresponding with 2X (200%) the opposite of the Solactive Equal Weight Canada REIT Index.
- 1Y returns: 26.20%
- Expense ratio: 1.64%
- Holdings: Primarily cash held for collateral (79%) and forward contracts (19.7%)
- Investment type: Trading-Inverse Debt
6 best REIT ETFs in Canada
As of March 2024, these are the 6 best real estate investment trust (REIT) ETFs on the TSX based on 1-year performance:
Symbol | ETF name | 1Y returns | Management fee | Net assets |
---|---|---|---|---|
HRED | BetaPro Equal Weight Canadian REIT 2x Daily Bear ETF | 26.20% | 1.15% | 10.24M |
VRE | Veris Residential | -7.45% | 0.35% | 295.67M |
XRE | iShares S&P/TSX Capped REIT Index ETF | -8.33% | 0.55% | 985.04M |
CGRE | CI Global REIT Private Pool | -11.71% | 0.70% | 82.13M |
GIGR.B | Guardian i3 Global REIT ETF Unhedged | -11.86% | 0.88% | 2.11M |
RIT | CI Canadian REIT ETF | -12.86% | 0.75% | 565.98M |
Best bond ETF in Canada
BMO Short-Term US TIPS Index ETF (ZTIP)
The fund seeks to replicate the Bloomberg US Government Inflation-Linked 0-5 Year Bond Index. Securities are US issued and have US$500+ million outstanding.
- 1Y returns: 10.93%
- Expense ratio: 0.17%
- Holdings: Primarily US government bonds (99.2%)
- Investment type: Short Term High Quality
6 best bond ETFs in Canada
As of March 2024, these are the 6 best bond ETFs on the TSX based on 1-year performance:
Symbol | ETF name | 1Y returns | Management fee | Net assets |
---|---|---|---|---|
ZTIP | BMO Short-Term US TIPS Index ETF | 10.93% | 0.15% | 25.7M |
QEBL | Mackenzie Emerging Markets Local Currency Bond Index ETF | 10.43% | 0.45% | 476.77M |
ZUS.V | BMO Ultra Short-Term US Bond ETF | 9.31% | 0.15% | 18.67M |
ZST.L | BMO Ultra Short-Term Bond ETF | 9.03% | 0.15% | 222.13M |
ZCS.L | BMO Short Corporate Bond Index ETF | 8.91% | 0.10% | 32.77M |
HUF | Horizons Active Ultra-Short Term US Investment Grade Bond ETF | 8.84% | 0.40% | 19.64M |
ETF fees
There are 2 main ETF fees you should know about:
- Trade fee. Most trading platforms charge a transaction fee every time you buy or sell an ETF. This is typically between $0 and $5.00.
- Management expense ratio (MER). The annual cost of managing a fund expressed as a percentage of its assets. This typically ranges from 0.05% to 2.5%.
ETF fees for popular brokerages in Canada
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) | |
HSBC InvestDirect | $6.88 | |
TD Direct Investing | $7.00 - $9.99 | |
RBC Direct Investing | $9.95 | |
BMO InvestorLine | $0 - $9.95 |
How to invest in an ETF
- Compare investment platforms Compare platforms to find one that suits your investment needs.
- Open an account. Create an account by providing details such as your personal info, employment info and ID.
- Fund your account. Move funds into your account by bank transfer or wire transfer.
- Research ETFs. Log in to your account, and search for an ETF by ticker symbol (“HRED”).
- Buy now or later. Place a market order to buy at the current price, or place a limit order to buy when the price is more favourable.
Where to view ETF fund facts
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:
- Quick facts
- Trading information (stock exchange, ticker symbol, how ETFs are traded etc.)
- Pricing information
- Holdings
- Distributions (dividends)
- Risk level & who should invest
- Performance over the past 10 years
- Cost & fees
Buy the best ETFs with an online trading account
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