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Compare CIBC MSCI USA Equity Index ETF (CUEH) vs Mackenzie US Large Cap Equity Index ETF (QAH) to find the best fit for your portfolio. CUEH and QAH provide the same top sector exposures: Technology, Finance, and Healthcare. When evaluating costs, CUEH features a management fee (MER) of 0.05%, compared to 0.06% for QAH. Performance-wise, CUEH has returned 11.73% year-to-date with +$1 M in net flows, whereas QAH is at 12.26% with +$216 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
CUEH
QAH
| AuM | $5.70 M | $1,247.40 M |
| Management Fees | 0.05% | 0.06% |
| Exp. ratio | 0.05% | 0.07% |
| Tracking Difference | 0.36% | -0.03% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUEH | +0.48% | +5.10% | +11.73% | +10.54% | +80.64% |
QAH | +0.60% | +4.11% | +12.26% | +11.14% | +86.12% | |
| Flows | CUEH | +$0 M | +$1 M | +$1 M | +$1 M | +$2 M |
QAH | -$5 M | +$38 M | +$216 M | +$218 M | +$971 M |
CUEH vs QAH exposure
Countries
CUEH
USA
97.21%
QAH
USA
97.56%
Sectors
CUEH
Technology
47.30%
Finance
12.54%
Healthcare
9.16%
Consumer Non-Cyclicals
8.63%
Industrials
7.33%
Other
15.04%
QAH
Technology
47.59%
Finance
12.31%
Healthcare
9.34%
Consumer Non-Cyclicals
8.43%
Industrials
7.41%
Other
14.91%
As of October 28, 2026
Top 10 Holdings
CUEH
NVIDIA Corp.
7.95%
Apple, Inc.
7.41%
Microsoft Corp.
5.48%
Amazon.com, Inc.
3.65%
Alphabet, Inc.
3.06%
Alphabet, Inc.
2.41%
Meta Platforms, Inc.
2.41%
Broadcom Inc.
2.40%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.54%
QAH
NVIDIA Corp.
8.03%
Apple, Inc.
7.20%
Microsoft Corp.
5.68%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.04%
Alphabet, Inc.
2.63%
Broadcom Inc.
2.48%
Meta Platforms, Inc.
2.41%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.64%
Diversification
CUEH
Total weight of top 10 holdings out of 513 total
38.14%
QAH
Total weight of top 10 holdings out of 503 total
38.55%
Characteristics
Compare
CUEH
QAH
| Provider | CIBC | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA NTR Index - CAD Hedged | Solactive US Large Cap Hedged to CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.43% | 0.87% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2023 | January 29, 2018 |
Frequently asked questions about CUEH and QAH
Which ETF has performed better year to date: CUEH or QAH?
As of October 28, 2026, CUEH has returned 11.73% year to date, while QAH has returned 12.26%. QAH is ahead on YTD performance.
Which ETF is larger by assets under management: CUEH or QAH?
As of October 28, 2026, CUEH manages $5.70 M in assets, while QAH manages $1.25 B. QAH is the larger fund by AUM.
How are CUEH and QAH managed?
CUEH is passively managed by CIBC. It tracks the MSCI USA NTR Index - CAD Hedged benchmark. QAH is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Hedged to CAD NTR Index - CAD benchmark.
What sectors do CUEH and QAH emphasize?
CUEH is most exposed to Technology, Finance, and Healthcare. QAH is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: CUEH or QAH?
Year to date, CUEH has seen +$1.23 M in net flows, compared with +$216.07 M for QAH. QAH has attracted more net investor money so far.
How do the fees of CUEH and QAH compare?
CUEH has an expense ratio of 0.05%, while QAH has an expense ratio of 0.07%.
What are the top holdings of CUEH and QAH?
CUEH's largest holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp.. QAH's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: CUEH or QAH?
CUEH holds 510 securities, while QAH holds 498. On holdings count, CUEH is the more diversified portfolio.
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