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BMO MSCI World ESG Leaders Index ETF (ESGG) and Mackenzie GQE Global Equity ETF (MGQE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ESGG focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while MGQE leans towards Information Technology, Industrials, and Financials. When evaluating costs, ESGG features a management fee (MER) of 0.25%, compared to 0.8% for MGQE. Performance-wise, ESGG has returned 2.8% year-to-date with -$0 M in net flows, whereas MGQE is at 7.46% with +$162 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
ESGG
MGQE
| AuM | $53.08 M | $428.46 M |
| Management Fees | 0.25% | 0.80% |
| Exp. ratio | 0.28% | 0.89% |
| Tracking Difference | -0.12% | - |
Historical performance and flows
As of April 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ESGG | +5.20% | -0.62% | +2.80% | +29.80% | +70.83% |
MGQE | +5.81% | +3.20% | +7.46% | +42.80% | - | |
| Flows | ESGG | +$0 M | -$0 M | -$0 M | +$0 M | +$9 M |
MGQE | +$48 M | +$147 M | +$162 M | +$311 M | - |
ESGG vs MGQE exposure
Countries
ESGG
USA
68.43%
Other
31.57%
MGQE
USA
63.25%
Other
36.75%
Sectors
ESGG
Information Technology
29.28%
Financials
12.39%
Industrials
10.53%
Communication Services
10.31%
Health Care
9.99%
Consumer Discretionary
9.27%
Other
18.23%
MGQE
Information Technology
25.82%
Industrials
13.00%
Financials
12.41%
Communication Services
9.68%
Other
9.31%
Health Care
8.67%
Other
21.12%
As of April 14, 2026
Top 10 Holdings
ESGG
NVIDIA
10.22%
MICROSOFT-T
6.45%
ALPHABET INC-CL
4.07%
ALPHABET INC-CL
3.42%
TESLA
2.63%
LILLY
1.88%
JOHNSON&JOHNSON
1.33%
ASML HOLDING
1.30%
VISA INCORPORATION
1.22%
MASTERCARD
0.99%
MGQE
NVIDIA
5.73%
APPLE
5.31%
ALPHABET INC-CL
4.25%
MICROSOFT-T
3.81%
META PLATFORMS
2.36%
AMAZON.COM INC
2.31%
MICRON TECHNOLOGY
1.24%
PROCTERGAMBLE
1.19%
CATERPILLAR
1.13%
ENEL GLOBAL TRADING
1.13%
Diversification
ESGG
Total weight of top 10 holdings out of 641 total
33.52%
MGQE
Total weight of top 10 holdings out of 177 total
28.46%
Characteristics
Compare
ESGG
MGQE
| Provider | BMO | Mackenzie Investments |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI World Selection NTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.97% | 0.35% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 27, 2020 | September 10, 2024 |
Frequently asked questions about ESGG and MGQE
Which ETF has performed better year to date: ESGG or MGQE?
As of April 14, 2026, ESGG has returned 2.80% year to date, while MGQE has returned 7.46%. MGQE is ahead on YTD performance.
Which ETF is larger by assets under management: ESGG or MGQE?
As of April 14, 2026, ESGG manages $53.08 M in assets, while MGQE manages $428.46 M. MGQE is the larger fund by AUM.
How are ESGG and MGQE managed?
ESGG is passively managed by BMO. It tracks the MSCI World Selection NTR Index - CAD benchmark. MGQE is actively managed by Mackenzie Investments. It does not track an index.
What sectors do ESGG and MGQE emphasize?
ESGG is most exposed to Information Technology, Financials, and Industrials. MGQE is most exposed to Information Technology, Industrials, and Financials.
Which ETF is attracting more investor flows: ESGG or MGQE?
Year to date, ESGG has seen -$0.07 M in net flows, compared with +$161.71 M for MGQE. MGQE has attracted more net investor money so far.
How do the fees of ESGG and MGQE compare?
ESGG has an expense ratio of 0.28%, while MGQE has an expense ratio of 0.89%.
What are the top holdings of ESGG and MGQE?
ESGG's largest holdings include NVIDIA, ALPHABET INC-CL, and MICROSOFT-T. MGQE's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: ESGG or MGQE?
ESGG holds 606 securities, while MGQE holds 169. On holdings count, ESGG is the more diversified portfolio.
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