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Fidelity Equity Premium Yield ETF (FEPY) and Mackenzie US Large Cap Equity Index ETF (QUU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FEPY focuses its top 3 sector exposures on Information Technology, Communication Services, and Financials, while QUU leans towards Information Technology, Communication Services, and Financials. When evaluating costs, FEPY features a management fee (MER) of 0.4%, compared to 0.06% for QUU. Performance-wise, FEPY has returned 4.52% year-to-date with +$1 M in net flows, whereas QUU is at 6.96% with +$513 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
FEPY
QUU
| AuM | $60.27 M | $5,819.14 M |
| Management Fees | 0.40% | 0.06% |
| Exp. ratio | 0.44% | 0.07% |
| Tracking Difference | - | -0.09% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FEPY | +3.33% | +3.72% | +4.52% | +21.48% | - |
QUU | +8.99% | +6.46% | +6.96% | +30.17% | +89.91% | |
| Flows | FEPY | -$1 M | -$3 M | +$1 M | +$1 M | - |
QUU | +$40 M | +$308 M | +$513 M | +$1,096 M | +$1,351 M |
FEPY vs QUU exposure
Countries
FEPY
USA
92.92%
Other
7.08%
QUU
USA
97.07%
Sectors
FEPY
Information Technology
34.10%
Communication Services
11.43%
Financials
10.67%
Consumer Discretionary
9.61%
Industrials
8.52%
Health Care
8.11%
Other
17.57%
QUU
Information Technology
33.61%
Communication Services
10.52%
Financials
10.03%
Consumer Discretionary
9.93%
Health Care
9.63%
Industrials
8.41%
Other
17.86%
As of May 7, 2026
Top 10 Holdings
FEPY
NVIDIA
8.00%
APPLE
7.11%
MICROSOFT-T
4.75%
AMAZON.COM INC
3.92%
BROADCOM LIMITED
3.08%
ALPHABET INC-CL
2.94%
ALPHABET INC-CL
2.54%
META PLATFORMS
2.44%
BERKSHIRE HATHWAY
2.09%
JPMORGAN CHASE
1.81%
QUU
NVIDIA
7.27%
APPLE
6.49%
MICROSOFT-T
4.85%
AMAZON.COM INC
3.55%
ALPHABET INC-CL
2.98%
ALPHABET INC-CL
2.58%
BROADCOM LIMITED
2.57%
META PLATFORMS
2.22%
TESLA
1.92%
JPMORGAN CHASE
1.43%
Diversification
FEPY
Total weight of top 10 holdings out of 155 total
38.69%
QUU
Total weight of top 10 holdings out of 507 total
35.85%
Characteristics
Compare
FEPY
QUU
| Provider | Fidelity | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive US Large Cap Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.67% | 0.93% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2024 | January 24, 2018 |
Frequently asked questions about FEPY and QUU
Which ETF has performed better year to date: FEPY or QUU?
As of May 7, 2026, FEPY has returned 4.52% year to date, while QUU has returned 6.96%. QUU is ahead on YTD performance.
Which ETF is larger by assets under management: FEPY or QUU?
As of May 7, 2026, FEPY manages $60.27 M in assets, while QUU manages $5.82 B. QUU is the larger fund by AUM.
How are FEPY and QUU managed?
FEPY is actively managed by Fidelity. It does not track an index. QUU is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Index NTR - CAD benchmark.
What sectors do FEPY and QUU emphasize?
FEPY is most exposed to Information Technology, Communication Services, and Financials. QUU is most exposed to Information Technology, Communication Services, and Financials.
Which ETF is attracting more investor flows: FEPY or QUU?
Year to date, FEPY has seen +$0.93 M in net flows, compared with +$513.32 M for QUU. QUU has attracted more net investor money so far.
How do the fees of FEPY and QUU compare?
FEPY has an expense ratio of 0.44%, while QUU has an expense ratio of 0.07%.
What are the top holdings of FEPY and QUU?
FEPY's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. QUU's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: FEPY or QUU?
FEPY holds 149 securities, while QUU holds 472. On holdings count, QUU is the more diversified portfolio.
Recent articles about FEPY and QUU
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