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Compare Mackenzie GQE Global Equity ETF (MGQE) vs BMO Market+ Low Volatility Global Equity ETF (ZMLG) to find the best fit for your portfolio. MGQE provides Information Technology, Industrials, and Financials exposures, while ZMLG is primarily weighted in Information Technology, Financials, and Industrials. When evaluating costs, MGQE features a management fee (MER) of 0.8%, compared to 0.4% for ZMLG. 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
ZMLG
| AuM | $574.36 M | $1.56 M |
| Management Fees | 0.80% | 0.40% |
| Exp. ratio | 0.88% | 0.40% |
| 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% | - |
ZMLG | +1.59% | +8.24% | - | - | - | |
| Flows | MGQE | +$72 M | +$176 M | +$287 M | +$413 M | - |
ZMLG | +$0 M | +$0 M | - | - | - |
MGQE vs ZMLG exposure
Countries
MGQE
USA
66.26%
Other
33.74%
ZMLG
USA
65.74%
Other
34.26%
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%
ZMLG
Information Technology
23.74%
Financials
12.68%
Industrials
10.74%
Communication Services
10.37%
Consumer Discretionary
8.16%
Health Care
8.16%
Other
26.16%
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%
ZMLG
APPLE
6.23%
MICROSOFT-T
3.52%
ALPHABET INC-CL
3.39%
AMAZON.COM INC
2.81%
META PLATFORMS
2.68%
NVIDIA
2.24%
WALMART INC
2.12%
DEUTSCHE TELEKOM AG
1.88%
ANALOG DEVICES
1.67%
PHILLIP MORRIS
1.60%
Diversification
MGQE
Total weight of top 10 holdings out of 150 total
31.85%
ZMLG
Total weight of top 10 holdings out of 119 total
28.13%
Characteristics
Compare
MGQE
ZMLG
| Provider | Mackenzie Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.33% | - |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2024 | March 4, 2026 |
Frequently asked questions about MGQE and ZMLG
Which ETF is larger by assets under management: MGQE or ZMLG?
As of June 10, 2026, MGQE manages $574.36 M in assets, while ZMLG manages $1.56 M. MGQE is the larger fund by AUM.
How are MGQE and ZMLG managed?
MGQE is actively managed by Mackenzie Investments. It does not track an index. ZMLG is actively managed by BMO. It does not track an index.
What sectors do MGQE and ZMLG emphasize?
MGQE is most exposed to Information Technology, Industrials, and Financials. ZMLG is most exposed to Information Technology, Financials, and Industrials.
How do the fees of MGQE and ZMLG compare?
MGQE has an expense ratio of 0.88%, while ZMLG has an expense ratio of 0.40%.
What are the top holdings of MGQE and ZMLG?
MGQE's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. ZMLG's top holdings include APPLE and MICROSOFT-T.
Which ETF is more diversified: MGQE or ZMLG?
MGQE holds 146 securities, while ZMLG holds 112. On holdings count, MGQE is the more diversified portfolio.
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