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5 Best ETFs in Canada for 2024

Here are the 5 best Canadian ETFs on the TSX, including the top ETF for dividend, REIT and bond investing.

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.

Five best Canadian ETFs:

  • Best ETF in Canada by 1-year performance: CI Galaxy Bitcoin ETF US$ (BTCX-U)
  • Best ETF in Canada by 5-year performance: Horizons Big Data & Hardware Index ETF (HBGD)
  • Best dividend ETF in Canada: Middlefield Innovation Dividend ETF (MINN)
  • Best REIT ETF in Canada: CI Global REIT Private Pool (CGRE)
  • Best bond ETF in Canada: BMO Floating Rate High Yield ETF (ZFH)

Best ETF in Canada: 1-year performance

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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 Brokers

5 best Canadian ETFs by 1Y performance

These are the 5 top Canadian ETFs on the TSX based on 1-year performance:

SymbolETF name1Y returnsManagement feeNet assets
BTCX-UCI Galaxy Bitcoin ETF US$166.88%0.40%346.81M
BTCX-BCI Galaxy Bitcoin ETF C$ Unhedged165.43%0.40%703.74M
FBTCFidelity Advantage Bitcoin ETF163.87%0.40%421.03M
EBIT-UBitcoin ETF USD163.00%0.75%20.07M
BTCC-UPurpose Bitcoin CAD ETF Non-Currency Hedged162.60%1.00%448.27M

Best ETF in Canada: 5-year performance

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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 Brokers

5 best Canadian ETFs by 5Y performance

These are the 5 top Canadian ETFs on the TSX based on 5-year performance:

SymbolETF name5Y returnsManagement feeNet assets
HBGDHorizons Big Data & Hardware Index ETF32.89%0.59%18.38M
HQUBetaPro NASDAQ-100 2x Daily Bull ETF30.13%1.15%330.3M
FBTFirst Trust NYSE Arca Biotechnology ETF27.47%0.72%1.81M
FHQFT AlphaDEX U.S. Technology Sector Index ETF25.33%0.78%21.84M
HBLKBlockchain Technologies ETF24.21%0.65%26.64M

Best dividend ETF in Canada

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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 Brokers

5 best dividend ETFs in Canada

These are the 5 best dividend ETFs on the TSX based on 1-year performance:

SymbolETF nameYieldManagement feeNet assets
MINNMiddlefield Innovation Dividend ETF2.17%0.90%103.72M
TUED-UTD Active U.S. Enhanced Dividend ETF2.69%0.65%10.97M
TUEDTD Active U.S. Enhanced Dividend ETF2.54%0.65%294.76M
TGED-UTD Active Global Enhanced Dividend ETF3.83%0.65%6.78M
TGEDTD Active Global Enhanced Dividend ETF3.56%0.65%505.01M

Best REIT ETF in Canada

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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 Brokers

5 best REIT ETFs in Canada

The 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:

SymbolETF name1Y returnsManagement feeNet assets
CGRECI Global REIT Private Pool0.02%0.70%65.56M
VREVanguard FTSE Canadian Capped REIT Index ETF-3.48%0.35%275.84M
HGRHarvest Global REIT Leaders Income ETF-3.49%0.85%15.42M
RITCI Canadian REIT ETF-4.63%0.40%2.5M
XREiShares S&P/TSX Capped REIT Index ETF-10.19%0.61%1.07B

Best bond ETF in Canada

Upward trend chart

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 Brokers

5 best bond ETFs in Canada

These are the 5 best bond ETFs on the TSX based on 1-year performance:

SymbolETF name1Y returnsManagement feeNet assets
ZFHBMO Floating Rate High Yield ETF12.46%0.45%89.31M
CGHY-UCI Global High Yield Credit Private Pool10.89%0.55%1.66M
CGHYCI Global High Yield Credit Private Pool ETF CAD10.27%0.55%10.93M
ZJKBMO High Yield US Corporate Bond Index ETF9.73%0.55%984.56M
HAFHorizons Active Global Fixed Income ETF9.54%0.45%31.79M

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How to invest in an ETF

You can buy and sell ETF shares like stocks on the stock market through a fund manager or online trading platform. Here’s how it works:
  1. Compare investment platforms Compare platforms to find one that suits your investment needs.
  2. Open an account. Create an account by providing details such as your personal info, employment info and ID.
  3. Fund your account. Move funds into your account by bank transfer or wire transfer.
  4. Research ETFs. Log in to your account, and search for an ETF by ticker symbol (“HRED”).
  5. 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
You can view all public filings related to ETFs and other regulated Canadian securities in the SEDAR database.

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

PlatformETF 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
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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