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Compare Global X US Large Cap Index Corporate Class ETF (HULC) vs Mackenzie US Large Cap Equity Index ETF (QAH) to find the best fit for your portfolio. HULC and QAH provide the same top sector exposures: Technology, Finance, and Healthcare. When evaluating costs, HULC features a management fee (MER) of 0.09%, compared to 0.06% for QAH. Performance-wise, HULC has returned 13.57% year-to-date with +$249 M in net flows, whereas QAH is at 11.86% with +$216 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
HULC
QAH
| AuM | $865.97 M | $1,242.98 M |
| Management Fees | 0.09% | 0.06% |
| Exp. ratio | 0.09% | 0.07% |
| Tracking Difference | -0.09% | -0.03% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HULC | -2.88% | +1.91% | +13.57% | +11.82% | +91.26% |
QAH | +0.41% | +5.34% | +11.86% | +10.74% | +85.46% | |
| Flows | HULC | +$34 M | +$90 M | +$249 M | +$289 M | +$156 M |
QAH | -$10 M | +$38 M | +$216 M | +$218 M | +$971 M |
HULC vs QAH exposure
Countries
HULC
USA
96.40%
QAH
USA
97.56%
Sectors
HULC
Technology
47.52%
Finance
12.37%
Healthcare
9.33%
Consumer Non-Cyclicals
8.42%
Industrials
7.34%
Other
15.02%
QAH
Technology
47.59%
Finance
12.31%
Healthcare
9.34%
Consumer Non-Cyclicals
8.43%
Industrials
7.41%
Other
14.91%
As of October 29, 2026
Top 10 Holdings
HULC
NVIDIA Corp.
8.03%
Apple, Inc.
7.20%
Microsoft Corp.
5.68%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.04%
Alphabet, Inc.
2.63%
Broadcom Inc.
2.48%
Meta Platforms, Inc.
2.41%
Micron Technology, Inc.
1.81%
Tesla, Inc.
1.64%
QAH
NVIDIA Corp.
8.03%
Apple, Inc.
7.20%
Microsoft Corp.
5.68%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.04%
Alphabet, Inc.
2.63%
Broadcom Inc.
2.48%
Meta Platforms, Inc.
2.41%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.64%
Diversification
HULC
Total weight of top 10 holdings out of 494 total
38.54%
QAH
Total weight of top 10 holdings out of 503 total
38.55%
Characteristics
Compare
HULC
QAH
| Provider | Global X | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Large Cap Index NTR - CAD | Solactive US Large Cap Hedged to CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.88% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2020 | January 29, 2018 |
Frequently asked questions about HULC and QAH
Which ETF has performed better year to date: HULC or QAH?
As of October 29, 2026, HULC has returned 13.57% year to date, while QAH has returned 11.86%. HULC is ahead on YTD performance.
Which ETF is larger by assets under management: HULC or QAH?
As of October 29, 2026, HULC manages $865.97 M in assets, while QAH manages $1.24 B. QAH is the larger fund by AUM.
How are HULC and QAH managed?
HULC is passively managed by Global X. It tracks the Solactive US Large Cap Index NTR - CAD benchmark. QAH is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Hedged to CAD NTR Index - CAD benchmark.
What sectors do HULC and QAH emphasize?
HULC is most exposed to Technology, Finance, and Healthcare. QAH is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: HULC or QAH?
Year to date, HULC has seen +$248.70 M in net flows, compared with +$216.07 M for QAH. HULC has attracted more net investor money so far.
How do the fees of HULC and QAH compare?
HULC has an expense ratio of 0.09%, while QAH has an expense ratio of 0.07%.
What are the top holdings of HULC and QAH?
HULC's largest holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp.. QAH's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: HULC or QAH?
HULC holds 491 securities, while QAH holds 498. On holdings count, QAH is the more diversified portfolio.
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