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Compare CIBC MSCI Canada Equity Index ETF (CCEI) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. CCEI and QCN provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, CCEI features a management fee (MER) of 0.04%, compared to 0.04% for QCN. Performance-wise, CCEI has returned 14.04% year-to-date with +$104 M in net flows, whereas QCN is at 13.49% with +$678 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CCEI
QCN
| AuM | $773.54 M | $5,783.29 M |
| Management Fees | 0.04% | 0.04% |
| Exp. ratio | 0.05% | 0.04% |
| Tracking Difference | -0.04% | -0.16% |
Historical performance and flows
As of July 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CCEI | +2.72% | +6.73% | +14.04% | +33.21% | +90.44% |
QCN | +2.33% | +5.65% | +13.49% | +32.81% | +89.80% | |
| Flows | CCEI | +$19 M | +$76 M | +$104 M | +$137 M | +$309 M |
QCN | +$103 M | +$231 M | +$678 M | +$2,609 M | +$3,062 M |
CCEI vs QCN exposure
Countries
CCEI
Canada
96.50%
QCN
Canada
97.27%
Sectors
CCEI
Finance
42.42%
Energy
16.67%
Non-Energy Materials
16.38%
Industrials
7.92%
Other
16.61%
QCN
Finance
42.10%
Energy
16.46%
Non-Energy Materials
16.27%
Industrials
7.96%
Other
17.21%
As of July 27, 2026
Top 10 Holdings
CCEI
Royal Bank of Canada
8.34%
The Toronto-Dominion Bank
5.81%
Shopify, Inc.
4.04%
Bank of Montreal
3.51%
Enbridge, Inc.
3.41%
The Bank of Nova Scotia
3.09%
Canadian Imperial Bank of Commerce
3.05%
Brookfield Corp.
2.46%
Canadian Natural Resources Ltd.
2.38%
Agnico Eagle Mines Ltd.
2.28%
QCN
Royal Bank of Canada
8.12%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.83%
Bank of Montreal
3.53%
Enbridge, Inc.
3.43%
The Bank of Nova Scotia
3.03%
Canadian Imperial Bank of Commerce
2.99%
Brookfield Corp.
2.62%
Canadian Natural Resources Ltd.
2.28%
Canadian Pacific Kansas City Ltd.
2.20%
Diversification
CCEI
Total weight of top 10 holdings out of 276 total
38.37%
QCN
Total weight of top 10 holdings out of 330 total
37.80%
Characteristics
Compare
CCEI
QCN
| Provider | CIBC | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Domestic IMI GTR Index - CAD | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.25% | 1.94% |
| Meets ESG criteria | No | No |
| Inception Date | March 31, 2021 | January 24, 2018 |
Frequently asked questions about CCEI and QCN
Which ETF has performed better year to date: CCEI or QCN?
As of July 27, 2026, CCEI has returned 14.04% year to date, while QCN has returned 13.49%. CCEI is ahead on YTD performance.
Which ETF is larger by assets under management: CCEI or QCN?
As of July 27, 2026, CCEI manages $773.54 M in assets, while QCN manages $5.78 B. QCN is the larger fund by AUM.
How are CCEI and QCN managed?
CCEI is passively managed by CIBC. It tracks the MSCI Canada Domestic IMI GTR Index - CAD benchmark. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do CCEI and QCN emphasize?
CCEI is most exposed to Finance, Energy, and Non-Energy Materials. QCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: CCEI or QCN?
Year to date, CCEI has seen +$104.16 M in net flows, compared with +$677.95 M for QCN. QCN has attracted more net investor money so far.
How do the fees of CCEI and QCN compare?
CCEI has an expense ratio of 0.05%, while QCN has an expense ratio of 0.04%.
What are the top holdings of CCEI and QCN?
CCEI's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. QCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: CCEI or QCN?
CCEI holds 273 securities, while QCN holds 323. On holdings count, QCN is the more diversified portfolio.
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