VS
Compare Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. HXCN and QCN provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, HXCN features a management fee (MER) of 0.05%, compared to 0.04% for QCN. Performance-wise, HXCN has returned 15.25% year-to-date with +$268 M in net flows, whereas QCN is at 15.39% with +$691 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
HXCN
QCN
| AuM | $2,634.79 M | $5,893.34 M |
| Management Fees | 0.05% | 0.04% |
| Exp. ratio | 0.06% | 0.04% |
| Tracking Difference | -0.34% | -0.15% |
Historical performance and flows
As of August 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HXCN | +2.77% | +6.85% | +15.25% | +32.12% | +93.61% |
QCN | +2.79% | +8.17% | +15.39% | +34.19% | +94.60% | |
| Flows | HXCN | +$18 M | +$280 M | +$268 M | +$400 M | +$272 M |
QCN | +$61 M | +$290 M | +$691 M | +$2,609 M | +$3,075 M |
HXCN vs QCN exposure
Countries
HXCN
Canada
96.56%
QCN
Canada
97.27%
Sectors
HXCN
Finance
41.98%
Energy
16.54%
Non-Energy Materials
15.88%
Industrials
8.27%
Other
17.33%
QCN
Finance
42.10%
Energy
16.46%
Non-Energy Materials
16.27%
Industrials
7.96%
Other
17.21%
As of August 5, 2026
Top 10 Holdings
HXCN
Royal Bank of Canada
8.17%
The Toronto-Dominion Bank
5.75%
Shopify, Inc.
3.98%
Bank of Montreal
3.52%
Enbridge, Inc.
3.45%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
2.99%
Brookfield Corp.
2.57%
Canadian Natural Resources Ltd.
2.34%
Agnico Eagle Mines Ltd.
2.23%
QCN
Royal Bank of Canada
8.12%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.83%
Bank of Montreal
3.53%
Enbridge, Inc.
3.43%
The Bank of Nova Scotia
3.03%
Canadian Imperial Bank of Commerce
2.99%
Brookfield Corp.
2.62%
Canadian Natural Resources Ltd.
2.28%
Canadian Pacific Kansas City Ltd.
2.20%
Diversification
HXCN
Total weight of top 10 holdings out of 220 total
38.04%
QCN
Total weight of top 10 holdings out of 330 total
37.80%
Characteristics
Compare
HXCN
QCN
| Provider | Global X | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Composite Total Return Index - CAD | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 1.91% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2020 | January 24, 2018 |
Frequently asked questions about HXCN and QCN
Which ETF has performed better year to date: HXCN or QCN?
As of August 5, 2026, HXCN has returned 15.25% year to date, while QCN has returned 15.39%. QCN is ahead on YTD performance.
Which ETF is larger by assets under management: HXCN or QCN?
As of August 5, 2026, HXCN manages $2.63 B in assets, while QCN manages $5.89 B. QCN is the larger fund by AUM.
How are HXCN and QCN managed?
HXCN is passively managed by Global X. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do HXCN and QCN emphasize?
HXCN is most exposed to Finance, Energy, and Non-Energy Materials. QCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: HXCN or QCN?
Year to date, HXCN has seen +$267.68 M in net flows, compared with +$691.31 M for QCN. QCN has attracted more net investor money so far.
How do the fees of HXCN and QCN compare?
HXCN has an expense ratio of 0.06%, while QCN has an expense ratio of 0.04%.
What are the top holdings of HXCN and QCN?
HXCN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. QCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: HXCN or QCN?
HXCN holds 218 securities, while QCN holds 323. On holdings count, QCN is the more diversified portfolio.
Recent articles about HXCN and QCN
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.