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Mackenzie GQE Global Equity ETF (MGQE) and BMO MSCI World ESG Leaders Index ETF (ESGG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MGQE focuses its top 3 sector exposures on Information Technology, Industrials, and Financials, while ESGG leans towards Information Technology, Financials, and Communication Services. When evaluating costs, MGQE features a management fee (MER) of 0.8%, compared to 0.25% for ESGG. Performance-wise, MGQE has returned 12.46% year-to-date with +$287 M in net flows, whereas ESGG is at 9.88% with -$0 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
MGQE
ESGG
| AuM | $574.36 M | $56.73 M |
| Management Fees | 0.80% | 0.25% |
| Exp. ratio | 0.88% | 0.28% |
| Tracking Difference | - | -0.08% |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MGQE | +0.27% | +9.74% | +12.46% | +34.21% | - |
ESGG | +2.17% | +11.83% | +9.88% | +25.59% | +76.70% | |
| Flows | MGQE | +$72 M | +$176 M | +$287 M | +$413 M | - |
ESGG | +$0 M | +$0 M | -$0 M | +$0 M | +$9 M |
MGQE vs ESGG exposure
Countries
MGQE
USA
66.26%
Other
33.74%
ESGG
USA
69.72%
Other
30.28%
Sectors
MGQE
Information Technology
28.38%
Industrials
12.08%
Financials
10.48%
Communication Services
10.31%
Other
9.56%
Health Care
8.36%
Other
20.83%
ESGG
Information Technology
32.35%
Financials
11.92%
Communication Services
11.08%
Industrials
10.17%
Health Care
8.77%
Consumer Discretionary
8.37%
Other
17.34%
As of June 10, 2026
Top 10 Holdings
MGQE
NVIDIA
6.84%
APPLE
5.24%
ALPHABET INC-CL
4.96%
MICROSOFT-T
4.19%
AMAZON.COM INC
2.83%
META PLATFORMS
2.19%
BROADCOM LIMITED
1.67%
MICRON TECHNOLOGY
1.56%
MASTERCARD
1.20%
CATERPILLAR
1.18%
ESGG
NVIDIA
11.45%
MICROSOFT-T
6.74%
ALPHABET INC-CL
4.58%
ALPHABET INC-CL
3.81%
TESLA
2.38%
LILLY
1.55%
VISA INCORPORATION
1.27%
ADVANCED MICRO DEVICES
1.23%
JOHNSON&JOHNSON
1.23%
ASML HOLDING
1.22%
Diversification
MGQE
Total weight of top 10 holdings out of 150 total
31.85%
ESGG
Total weight of top 10 holdings out of 649 total
35.46%
Characteristics
Compare
MGQE
ESGG
| Provider | Mackenzie Investments | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI World Selection NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.33% | 0.90% |
| Meets ESG criteria | No | Yes |
| Inception Date | September 10, 2024 | January 27, 2020 |
Frequently asked questions about MGQE and ESGG
Which ETF has performed better year to date: MGQE or ESGG?
As of June 10, 2026, MGQE has returned 12.46% year to date, while ESGG has returned 9.88%. MGQE is ahead on YTD performance.
Which ETF is larger by assets under management: MGQE or ESGG?
As of June 10, 2026, MGQE manages $574.36 M in assets, while ESGG manages $56.73 M. MGQE is the larger fund by AUM.
How are MGQE and ESGG managed?
MGQE is actively managed by Mackenzie Investments. It does not track an index. ESGG is passively managed by BMO. It tracks the MSCI World Selection NTR Index - CAD benchmark.
What sectors do MGQE and ESGG emphasize?
MGQE is most exposed to Information Technology, Industrials, and Financials. ESGG is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: MGQE or ESGG?
Year to date, MGQE has seen +$287.06 M in net flows, compared with -$0.07 M for ESGG. MGQE has attracted more net investor money so far.
How do the fees of MGQE and ESGG compare?
MGQE has an expense ratio of 0.88%, while ESGG has an expense ratio of 0.28%.
What are the top holdings of MGQE and ESGG?
MGQE's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. ESGG's top holdings include NVIDIA, ALPHABET INC-CL, and MICROSOFT-T.
Which ETF is more diversified: MGQE or ESGG?
MGQE holds 146 securities, while ESGG holds 613. On holdings count, ESGG is the more diversified portfolio.
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