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Mackenzie GQE Global Equity ETF (MGQE) and iShares MSCI World Index ETF (XWD) 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 XWD leans towards Information Technology, Financials, and Industrials. When evaluating costs, MGQE features a management fee (MER) of 0.8%, compared to 0.44% for XWD. Performance-wise, MGQE has returned 12.46% year-to-date with +$287 M in net flows, whereas XWD is at 10.86% with +$52 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
XWD
| AuM | $574.36 M | $1,692.79 M |
| Management Fees | 0.80% | 0.44% |
| Exp. ratio | 0.88% | 0.48% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MGQE | +0.27% | +9.74% | +12.46% | +34.21% | - |
XWD | +2.64% | +11.43% | +10.86% | +25.85% | +76.83% | |
| Flows | MGQE | +$72 M | +$176 M | +$287 M | +$413 M | - |
XWD | +$24 M | +$63 M | +$52 M | +$183 M | +$264 M |
MGQE vs XWD exposure
Countries
MGQE
USA
66.26%
Other
33.74%
XWD
USA
69.85%
Other
30.15%
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%
XWD
Information Technology
28.19%
Financials
14.18%
Industrials
10.62%
Consumer Discretionary
9.40%
Communication Services
9.00%
Health Care
7.84%
Other
20.77%
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%
XWD
NVIDIA
5.63%
APPLE
4.63%
MICROSOFT-T
3.52%
AMAZON.COM INC
3.01%
ALPHABET INC-CL
2.60%
BROADCOM LIMITED
2.30%
ALPHABET INC-CL
2.07%
META PLATFORMS
1.55%
TESLA
1.25%
BERKSHIRE HATHWAY
1.01%
Diversification
MGQE
Total weight of top 10 holdings out of 150 total
31.85%
XWD
Total weight of top 10 holdings out of 1,254 total
27.56%
Characteristics
Compare
MGQE
XWD
| Provider | Mackenzie Investments | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI World Daily Total Return Net Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.33% | 1.20% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2024 | June 18, 2009 |
Frequently asked questions about MGQE and XWD
Which ETF has performed better year to date: MGQE or XWD?
As of June 10, 2026, MGQE has returned 12.46% year to date, while XWD has returned 10.86%. MGQE is ahead on YTD performance.
Which ETF is larger by assets under management: MGQE or XWD?
As of June 10, 2026, MGQE manages $574.36 M in assets, while XWD manages $1.69 B. XWD is the larger fund by AUM.
How are MGQE and XWD managed?
MGQE is actively managed by Mackenzie Investments. It does not track an index. XWD is passively managed by iShares. It tracks the MSCI World Daily Total Return Net Index - USD benchmark.
What sectors do MGQE and XWD emphasize?
MGQE is most exposed to Information Technology, Industrials, and Financials. XWD is most exposed to Information Technology, Financials, and Industrials.
Which ETF is attracting more investor flows: MGQE or XWD?
Year to date, MGQE has seen +$287.06 M in net flows, compared with +$51.66 M for XWD. MGQE has attracted more net investor money so far.
How do the fees of MGQE and XWD compare?
MGQE has an expense ratio of 0.88%, while XWD has an expense ratio of 0.48%.
What are the top holdings of MGQE and XWD?
MGQE's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. XWD's top holdings include NVIDIA, ALPHABET INC-CL, and APPLE.
Which ETF is more diversified: MGQE or XWD?
MGQE holds 146 securities, while XWD holds 1180. On holdings count, XWD is the more diversified portfolio.
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