VS
Compare Desjardins Canadian Equity Index ETF (DMEC) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. DMEC and QCN provide the same top sector exposures: Financials, Energy, and Materials. When evaluating costs, DMEC features a management fee (MER) of 0.05%, compared to 0.04% for QCN. Performance-wise, DMEC has returned 6.64% year-to-date with +$299 M in net flows, whereas QCN is at 6.86% with +$401 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
DMEC
QCN
| AuM | $1,805.88 M | $5,205.70 M |
| Management Fees | 0.05% | 0.04% |
| Exp. ratio | 0.06% | 0.04% |
| Tracking Difference | -0.31% | -0.19% |
Historical performance and flows
As of May 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DMEC | +1.48% | +5.51% | +6.64% | +37.80% | - |
QCN | +1.66% | +3.79% | +6.86% | +38.16% | +81.60% | |
| Flows | DMEC | +$100 M | +$275 M | +$299 M | +$796 M | - |
QCN | +$210 M | +$416 M | +$401 M | +$2,429 M | +$2,839 M |
DMEC vs QCN exposure
Countries
DMEC
Canada
99.89%
QCN
Canada
99.75%
Sectors
DMEC
Financials
28.31%
Energy
17.98%
Materials
16.28%
Other
13.21%
Other
24.21%
QCN
Financials
28.26%
Energy
17.95%
Materials
16.46%
Other
13.14%
Other
24.19%
As of May 4, 2026
Top 10 Holdings
DMEC
ROYAL BK CANADA
6.70%
TORONTO DOMINION
4.66%
SHOPIFY SUBORDINATE VOTING
4.13%
ENBRIDGE
3.50%
AGNICO EAGLE MINES LTD
3.02%
CDN NATURAL RESOURCE
2.94%
BANK OF MONTREAL
2.84%
CA11271J1075
2.65%
CDN IMPERIAL BK
2.60%
BNS
2.54%
QCN
ROYAL BK CANADA
6.69%
TORONTO DOMINION
4.65%
SHOPIFY SUBORDINATE VOTING
4.13%
ENBRIDGE
3.49%
AGNICO EAGLE MINES LTD
3.01%
CDN NATURAL RESOURCE
2.93%
BANK OF MONTREAL
2.84%
CA11271J1075
2.65%
CDN IMPERIAL BK
2.59%
BNS
2.53%
Diversification
DMEC
Total weight of top 10 holdings out of 320 total
35.57%
QCN
Total weight of top 10 holdings out of 321 total
35.51%
Characteristics
Compare
DMEC
QCN
| Provider | Desjardins Investments | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Broad Market Index NTR - 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 | 1.98% | 2.04% |
| Meets ESG criteria | No | No |
| Inception Date | April 18, 2024 | January 24, 2018 |
Frequently asked questions about DMEC and QCN
Which ETF has performed better year to date: DMEC or QCN?
As of May 4, 2026, DMEC has returned 6.64% year to date, while QCN has returned 6.86%. QCN is ahead on YTD performance.
Which ETF is larger by assets under management: DMEC or QCN?
As of May 4, 2026, DMEC manages $1.81 B in assets, while QCN manages $5.21 B. QCN is the larger fund by AUM.
How are DMEC and QCN managed?
DMEC is passively managed by Desjardins Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do DMEC and QCN emphasize?
DMEC is most exposed to Financials, Energy, and Materials. QCN is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: DMEC or QCN?
Year to date, DMEC has seen +$299.18 M in net flows, compared with +$401.11 M for QCN. QCN has attracted more net investor money so far.
How do the fees of DMEC and QCN compare?
DMEC has an expense ratio of 0.06%, while QCN has an expense ratio of 0.04%.
What are the top holdings of DMEC and QCN?
DMEC's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. QCN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: DMEC or QCN?
DMEC holds 270 securities, while QCN holds 270. On holdings count, DMEC is the more diversified portfolio.
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