VS
Fidelity All-American Equity ETF (FCAM) and Mackenzie GQE US Alpha Extension ETF (MALX) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FCAM focuses its top 3 sector exposures on Information Technology, Industrials, and Financials, while MALX leans towards Information Technology, Communication Services, and Financials. When evaluating costs, FCAM features a management fee (MER) of 0.35%, compared to 0.25% for MALX. Performance-wise, FCAM has returned 11.77% year-to-date with +$50 M in net flows, whereas MALX is at 14.04% with +$14 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
FCAM
MALX
| AuM | $307.66 M | $22.78 M |
| Management Fees | 0.35% | 0.25% |
| Exp. ratio | 0.39% | 0.25% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCAM | +2.71% | +12.92% | +11.77% | +23.57% | - |
MALX | +2.97% | +14.53% | +14.04% | - | - | |
| Flows | FCAM | +$10 M | +$34 M | +$50 M | +$115 M | - |
MALX | +$8 M | +$14 M | +$14 M | - | - |
FCAM vs MALX exposure
Countries
FCAM
USA
92.99%
Other
7.01%
MALX
USA
99.27%
Sectors
FCAM
Information Technology
31.42%
Industrials
12.72%
Financials
11.23%
Health Care
9.20%
Other
35.42%
MALX
Information Technology
37.72%
Communication Services
11.95%
Financials
11.10%
Industrials
9.71%
Consumer Discretionary
8.62%
Health Care
7.14%
Other
13.75%
As of June 11, 2026
Top 10 Holdings
FCAM
APPLE
5.68%
MICROSOFT-T
4.99%
NVIDIA
4.79%
NEWMONT CORP
2.82%
ALPHABET INC-CL
2.73%
BROADCOM LIMITED
2.42%
ALCOA CORP
1.59%
BERKSHIRE HATHWAY
1.48%
JOHNSON&JOHNSON
1.36%
VISA INCORPORATION
1.36%
MALX
NVIDIA
9.23%
APPLE
6.62%
ALPHABET INC-CL
5.67%
MICROSOFT-T
5.63%
AMAZON.COM INC
3.38%
META PLATFORMS
2.69%
BROADCOM LIMITED
2.61%
LILLY
1.52%
CATERPILLAR
1.46%
APPLIED MATERIAL
1.37%
Diversification
FCAM
Total weight of top 10 holdings out of 221 total
29.23%
MALX
Total weight of top 10 holdings out of 250 total
40.19%
Characteristics
Compare
FCAM
MALX
| Provider | Fidelity | Mackenzie Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | - |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2024 | August 19, 2025 |
Frequently asked questions about FCAM and MALX
Which ETF has performed better year to date: FCAM or MALX?
As of June 11, 2026, FCAM has returned 11.77% year to date, while MALX has returned 14.04%. MALX is ahead on YTD performance.
Which ETF is larger by assets under management: FCAM or MALX?
As of June 11, 2026, FCAM manages $307.66 M in assets, while MALX manages $22.78 M. FCAM is the larger fund by AUM.
How are FCAM and MALX managed?
FCAM is actively managed by Fidelity. It does not track an index. MALX is actively managed by Mackenzie Investments. It does not track an index.
What sectors do FCAM and MALX emphasize?
FCAM is most exposed to Information Technology, Industrials, and Financials. MALX is most exposed to Information Technology, Communication Services, and Financials.
Which ETF is attracting more investor flows: FCAM or MALX?
Year to date, FCAM has seen +$49.86 M in net flows, compared with +$13.81 M for MALX. FCAM has attracted more net investor money so far.
How do the fees of FCAM and MALX compare?
FCAM has an expense ratio of 0.39%, while MALX has an expense ratio of 0.25%.
What are the top holdings of FCAM and MALX?
FCAM's largest holdings include APPLE, MICROSOFT-T, and NVIDIA. MALX's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: FCAM or MALX?
FCAM holds 219 securities, while MALX holds 244. On holdings count, MALX is the more diversified portfolio.
Recent articles about FCAM and MALX
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.