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Compare Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE) vs Mackenzie Emerging Markets Equity Index ETF (QEE) to find the best fit for your portfolio. DRFE provides Technology, Finance, and Non-Energy Materials exposures, while QEE is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, DRFE features a management fee (MER) of 0.65%, compared to 0.22% for QEE. Performance-wise, DRFE has returned 19.15% year-to-date with +$236 M in net flows, whereas QEE is at 19.88% with +$267 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
DRFE
QEE
| AuM | $514.90 M | $404.44 M |
| Management Fees | 0.65% | 0.22% |
| Exp. ratio | 0.75% | 0.27% |
| Tracking Difference | - | 0.61% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DRFE | -6.77% | +0.76% | +19.15% | +19.35% | +84.21% |
QEE | -2.20% | -1.63% | +19.88% | +19.37% | +79.81% | |
| Flows | DRFE | -$5 M | +$197 M | +$236 M | +$277 M | +$341 M |
QEE | +$75 M | +$172 M | +$267 M | +$277 M | +$319 M |
DRFE vs QEE exposure
Countries
DRFE
Republic of Korea
24.85%
Taiwan
21.47%
China
21.37%
India
7.38%
Other
24.94%
QEE
Taiwan
27.08%
Republic of Korea
20.12%
China
19.64%
India
12.05%
Other
21.11%
Sectors
DRFE
Technology
42.06%
Finance
23.45%
Other
34.48%
QEE
Technology
44.24%
Finance
20.31%
Industrials
7.18%
Other
28.27%
As of October 16, 2026
Top 10 Holdings
DRFE
Taiwan Semiconductor Manufacturing Co., Ltd.
9.49%
Samsung Electronics Co., Ltd.
7.97%
SK hynix, Inc.
6.44%
ASE Technology Holding Co., Ltd.
2.24%
Tencent Holdings Ltd.
2.08%
MediaTek, Inc.
2.04%
Delta Electronics, Inc.
1.91%
ASPEED Technology, Inc.
1.60%
Grupo México S.A.B. de C.V.
1.50%
Innolux Corp.
1.40%
QEE
Taiwan Semiconductor Manufacturing Co., Ltd.
14.17%
Samsung Electronics Co., Ltd.
6.90%
SK hynix, Inc.
5.36%
Tencent Holdings Ltd.
2.79%
Alibaba Group Holding Ltd.
2.06%
MediaTek, Inc.
1.42%
China Construction Bank Corp.
0.89%
Samsung Electronics Co., Ltd.
0.85%
Delta Electronics, Inc.
0.80%
Hon Hai Precision Industry Co., Ltd.
0.74%
Diversification
DRFE
Total weight of top 10 holdings out of 175 total
36.66%
QEE
Total weight of top 10 holdings out of 1,457 total
35.98%
Characteristics
Compare
DRFE
QEE
| Provider | Desjardins Investments | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.62% | 1.70% |
| Meets ESG criteria | Yes | No |
| Inception Date | March 7, 2019 | February 8, 2022 |
Frequently asked questions about DRFE and QEE
Which ETF has performed better year to date: DRFE or QEE?
As of October 16, 2026, DRFE has returned 19.15% year to date, while QEE has returned 19.88%. QEE is ahead on YTD performance.
Which ETF is larger by assets under management: DRFE or QEE?
As of October 16, 2026, DRFE manages $514.90 M in assets, while QEE manages $404.44 M. DRFE is the larger fund by AUM.
How are DRFE and QEE managed?
DRFE is actively managed by Desjardins Investments. It does not track an index. QEE is passively managed by Mackenzie Investments. It tracks the Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD benchmark.
What sectors do DRFE and QEE emphasize?
DRFE is most exposed to Technology, Finance, and Non-Energy Materials. QEE is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: DRFE or QEE?
Year to date, DRFE has seen +$236.22 M in net flows, compared with +$266.95 M for QEE. QEE has attracted more net investor money so far.
How do the fees of DRFE and QEE compare?
DRFE has an expense ratio of 0.75%, while QEE has an expense ratio of 0.27%.
What are the top holdings of DRFE and QEE?
DRFE's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. QEE's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: DRFE or QEE?
DRFE holds 169 securities, while QEE holds 1368. On holdings count, QEE is the more diversified portfolio.
Recent articles about DRFE and QEE
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