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Compare CIBC MSCI USA Equity Index ETF (CUEI) vs Mackenzie US Large Cap Equity Index ETF (QAH) to find the best fit for your portfolio. CUEI and QAH provide the same top sector exposures: Technology, Finance, and Healthcare. When evaluating costs, CUEI features a management fee (MER) of 0.05%, compared to 0.06% for QAH. Performance-wise, CUEI has returned 16.15% year-to-date with +$391 M in net flows, whereas QAH is at 11.26% 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
CUEI
QAH
| AuM | $1,667.52 M | $1,236.34 M |
| Management Fees | 0.05% | 0.06% |
| Exp. ratio | 0.06% | 0.07% |
| Tracking Difference | - | -0.03% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUEI | -0.37% | +3.73% | +16.15% | +13.07% | +95.42% |
QAH | -0.29% | +3.34% | +11.26% | +10.37% | +85.86% | |
| Flows | CUEI | +$84 M | +$116 M | +$391 M | +$464 M | +$857 M |
QAH | -$5 M | +$38 M | +$216 M | +$218 M | +$971 M |
CUEI vs QAH exposure
Countries
CUEI
USA
97.30%
QAH
USA
97.64%
Sectors
CUEI
Technology
44.97%
Finance
13.48%
Healthcare
9.22%
Consumer Non-Cyclicals
8.93%
Industrials
7.57%
Other
15.83%
QAH
Technology
45.27%
Finance
13.23%
Healthcare
9.35%
Consumer Non-Cyclicals
8.71%
Industrials
7.65%
Other
15.80%
As of October 26, 2026
Top 10 Holdings
CUEI
NVIDIA Corp.
7.66%
Apple, Inc.
7.02%
Microsoft Corp.
5.40%
Amazon.com, Inc.
3.80%
Alphabet, Inc.
3.01%
Broadcom Inc.
2.53%
Alphabet, Inc.
2.37%
Meta Platforms, Inc.
1.90%
Micron Technology, Inc.
1.63%
Tesla, Inc.
1.59%
QAH
NVIDIA Corp.
7.73%
Apple, Inc.
6.83%
Microsoft Corp.
5.60%
Amazon.com, Inc.
3.76%
Alphabet, Inc.
2.99%
Broadcom Inc.
2.60%
Alphabet, Inc.
2.58%
Meta Platforms, Inc.
1.89%
Tesla, Inc.
1.70%
Micron Technology, Inc.
1.63%
Diversification
CUEI
Total weight of top 10 holdings out of 513 total
36.90%
QAH
Total weight of top 10 holdings out of 503 total
37.31%
Characteristics
Compare
CUEI
QAH
| Provider | CIBC | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA NTR Index - CAD | 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 | 0.76% | 0.88% |
| Meets ESG criteria | No | No |
| Inception Date | March 31, 2021 | January 29, 2018 |
Frequently asked questions about CUEI and QAH
Which ETF has performed better year to date: CUEI or QAH?
As of October 26, 2026, CUEI has returned 16.15% year to date, while QAH has returned 11.26%. CUEI is ahead on YTD performance.
Which ETF is larger by assets under management: CUEI or QAH?
As of October 26, 2026, CUEI manages $1.67 B in assets, while QAH manages $1.24 B. CUEI is the larger fund by AUM.
How are CUEI and QAH managed?
CUEI is passively managed by CIBC. It tracks the MSCI USA NTR Index - CAD 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 CUEI and QAH emphasize?
CUEI is most exposed to Technology, Finance, and Healthcare. QAH is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: CUEI or QAH?
Year to date, CUEI has seen +$390.90 M in net flows, compared with +$216.07 M for QAH. CUEI has attracted more net investor money so far.
How do the fees of CUEI and QAH compare?
CUEI has an expense ratio of 0.06%, while QAH has an expense ratio of 0.07%.
What are the top holdings of CUEI and QAH?
CUEI'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: CUEI or QAH?
CUEI holds 510 securities, while QAH holds 498. On holdings count, CUEI is the more diversified portfolio.
Recent articles about CUEI and QAH
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