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Compare Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. DRFC and QCN provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, DRFC features a management fee (MER) of 0.5%, compared to 0.04% for QCN. Performance-wise, DRFC has returned 11.24% year-to-date with +$359 M in net flows, whereas QCN is at 13.68% with +$939 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
DRFC
QCN
| AuM | $641.97 M | $6,045.42 M |
| Management Fees | 0.50% | 0.04% |
| Exp. ratio | 0.46% | 0.04% |
| Tracking Difference | - | -0.13% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DRFC | -1.69% | +2.08% | +11.24% | +28.92% | +109.55% |
QCN | -2.34% | +4.67% | +13.68% | +24.61% | +91.27% | |
| Flows | DRFC | +$274 M | +$286 M | +$359 M | +$353 M | +$238 M |
QCN | +$257 M | +$441 M | +$939 M | +$2,802 M | +$3,308 M |
DRFC vs QCN exposure
Countries
DRFC
Canada
98.77%
QCN
Canada
97.44%
Sectors
DRFC
Finance
45.90%
Energy
15.11%
Non-Energy Materials
15.05%
Industrials
7.10%
Other
16.84%
QCN
Finance
41.99%
Energy
17.15%
Non-Energy Materials
16.21%
Industrials
7.77%
Other
16.87%
As of September 10, 2026
Top 10 Holdings
DRFC
Royal Bank of Canada
7.42%
The Toronto-Dominion Bank
6.89%
Enbridge, Inc.
4.91%
Canadian Imperial Bank of Commerce
3.88%
Bank of Montreal
3.74%
Agnico Eagle Mines Ltd.
3.37%
Brookfield Corp.
3.02%
Manulife Financial Corp.
2.98%
The Bank of Nova Scotia
2.93%
Shopify, Inc.
2.75%
QCN
Royal Bank of Canada
8.07%
The Toronto-Dominion Bank
5.55%
Shopify, Inc.
3.97%
Bank of Montreal
3.47%
Enbridge, Inc.
3.32%
Canadian Imperial Bank of Commerce
3.01%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.65%
Brookfield Corp.
2.53%
Suncor Energy, Inc.
2.18%
Diversification
DRFC
Total weight of top 10 holdings out of 72 total
41.89%
QCN
Total weight of top 10 holdings out of 329 total
37.73%
Characteristics
Compare
DRFC
QCN
| Provider | Desjardins Investments | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 9.10% | 1.94% |
| Meets ESG criteria | Yes | No |
| Inception Date | September 27, 2018 | January 24, 2018 |
Frequently asked questions about DRFC and QCN
Which ETF has performed better year to date: DRFC or QCN?
As of September 10, 2026, DRFC has returned 11.24% year to date, while QCN has returned 13.68%. QCN is ahead on YTD performance.
Which ETF is larger by assets under management: DRFC or QCN?
As of September 10, 2026, DRFC manages $641.97 M in assets, while QCN manages $6.05 B. QCN is the larger fund by AUM.
How are DRFC and QCN managed?
DRFC is actively managed by Desjardins Investments. It does not track an index. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do DRFC and QCN emphasize?
DRFC 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: DRFC or QCN?
Year to date, DRFC has seen +$359.22 M in net flows, compared with +$939.07 M for QCN. QCN has attracted more net investor money so far.
How do the fees of DRFC and QCN compare?
DRFC has an expense ratio of 0.46%, while QCN has an expense ratio of 0.04%.
What are the top holdings of DRFC and QCN?
DRFC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Enbridge, Inc.. QCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: DRFC or QCN?
DRFC holds 72 securities, while QCN holds 327. On holdings count, QCN is the more diversified portfolio.
Recent articles about DRFC and QCN
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