VS
Compare CI Invesco Russell 1000 Multifactor Index ETF (IUMF) vs Mackenzie US Large Cap Equity Index ETF (QAH) to find the best fit for your portfolio. IUMF provides Technology, Healthcare, and Finance exposures, while QAH is primarily weighted in Technology, Finance, and Healthcare. When evaluating costs, IUMF features a management fee (MER) of 0.34%, compared to 0.06% for QAH. Performance-wise, IUMF has returned 20.54% year-to-date with -$32 M in net flows, whereas QAH is at 11.06% with +$224 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
IUMF
QAH
| AuM | $102.53 M | $1,241.48 M |
| Management Fees | 0.34% | 0.06% |
| Exp. ratio | 0.35% | 0.07% |
| Tracking Difference | -0.22% | -0.03% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | IUMF | +1.72% | +4.48% | +20.54% | +19.57% | +67.49% |
QAH | +1.29% | +1.44% | +11.06% | +14.27% | +75.27% | |
| Flows | IUMF | -$5 M | -$12 M | -$32 M | -$36 M | +$52 M |
QAH | +$17 M | +$46 M | +$224 M | +$226 M | +$980 M |
IUMF vs QAH exposure
Countries
IUMF
USA
96.75%
QAH
USA
97.64%
Sectors
IUMF
Technology
42.33%
Healthcare
12.87%
Finance
10.79%
Industrials
10.59%
Consumer Non-Cyclicals
9.73%
Other
13.68%
QAH
Technology
45.27%
Finance
13.23%
Healthcare
9.35%
Consumer Non-Cyclicals
8.71%
Industrials
7.65%
Other
15.80%
As of October 16, 2026
Top 10 Holdings
IUMF
Apple, Inc.
8.40%
Microsoft Corp.
6.37%
NVIDIA Corp.
5.34%
Visa, Inc.
2.98%
Alphabet, Inc.
2.92%
Alphabet, Inc.
2.37%
Mastercard, Inc.
2.30%
Eli Lilly & Co.
1.94%
Amazon.com, Inc.
1.90%
Cisco Systems, Inc.
1.59%
QAH
NVIDIA Corp.
7.73%
Apple, Inc.
6.83%
Microsoft Corp.
5.60%
Amazon.com, Inc.
3.76%
Alphabet, Inc.
2.99%
Broadcom Inc.
2.60%
Alphabet, Inc.
2.58%
Meta Platforms, Inc.
1.89%
Tesla, Inc.
1.70%
Micron Technology, Inc.
1.63%
Diversification
IUMF
Total weight of top 10 holdings out of 631 total
36.09%
QAH
Total weight of top 10 holdings out of 503 total
37.31%
Characteristics
Compare
IUMF
QAH
| Provider | CI | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Russell 1000 Invesco Dynamic Multifactor Index - CAD | Solactive US Large Cap Hedged to CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.67% | 0.88% |
| Meets ESG criteria | No | No |
| Inception Date | July 13, 2023 | January 29, 2018 |
Frequently asked questions about IUMF and QAH
Which ETF has performed better year to date: IUMF or QAH?
As of October 16, 2026, IUMF has returned 20.54% year to date, while QAH has returned 11.06%. IUMF is ahead on YTD performance.
Which ETF is larger by assets under management: IUMF or QAH?
As of October 16, 2026, IUMF manages $102.53 M in assets, while QAH manages $1.24 B. QAH is the larger fund by AUM.
How are IUMF and QAH managed?
IUMF is passively managed by CI. It tracks the Russell 1000 Invesco Dynamic Multifactor Index - 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 IUMF and QAH emphasize?
IUMF is most exposed to Technology, Healthcare, and Finance. QAH is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: IUMF or QAH?
Year to date, IUMF has seen -$32.35 M in net flows, compared with +$223.52 M for QAH. QAH has attracted more net investor money so far.
How do the fees of IUMF and QAH compare?
IUMF has an expense ratio of 0.35%, while QAH has an expense ratio of 0.07%.
What are the top holdings of IUMF and QAH?
IUMF's largest holdings include Apple, Inc., Microsoft Corp., and NVIDIA Corp.. QAH's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: IUMF or QAH?
IUMF holds 627 securities, while QAH holds 498. On holdings count, IUMF is the more diversified portfolio.
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.