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Mackenzie Global Women's Leadership ETF (MWMN) and Mackenzie GQE Global Equity ETF (MGQE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MWMN focuses its top 3 sector exposures on Information Technology, Financials, and Health Care, while MGQE leans towards Information Technology, Industrials, and Financials. When evaluating costs, MWMN features a management fee (MER) of 0.55%, compared to 0.8% for MGQE. Performance-wise, MWMN has returned 4.18% year-to-date with +$1 M in net flows, whereas MGQE is at 11.28% with +$208 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
MWMN
MGQE
| AuM | $8.08 M | $491.70 M |
| Management Fees | 0.55% | 0.80% |
| Exp. ratio | 0.62% | 0.89% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MWMN | +4.76% | +2.43% | +4.18% | +24.06% | +45.60% |
MGQE | +8.38% | +5.07% | +11.28% | +41.59% | - | |
| Flows | MWMN | +$1 M | +$1 M | +$1 M | -$5 M | -$22 M |
MGQE | +$69 M | +$171 M | +$208 M | +$352 M | - |
MWMN vs MGQE exposure
Countries
MWMN
USA
64.54%
Other
7.19%
Other
28.27%
MGQE
USA
64.67%
Other
35.33%
Sectors
MWMN
Information Technology
35.61%
Financials
15.92%
Health Care
8.36%
Other
7.53%
Industrials
7.24%
Other
25.35%
MGQE
Information Technology
26.33%
Industrials
12.77%
Financials
11.93%
Communication Services
9.59%
Health Care
9.38%
Consumer Discretionary
7.97%
Other
22.04%
As of May 6, 2026
Top 10 Holdings
MWMN
NVIDIA
9.51%
MICROSOFT-T
9.17%
APPLE
8.36%
COLGATE-PALMOLIVE CO
2.76%
JPMORGAN CHASE
2.30%
TERNA RETE ELETTRICA NAZIONALE
2.07%
VERIZON COMMUNICATIONS
1.55%
HYDRO ONE
1.54%
BOOKING HOLDINGS
1.52%
S&P GLOBAL INC
1.41%
MGQE
NVIDIA
5.94%
APPLE
5.41%
ALPHABET INC-CL
4.36%
MICROSOFT-T
3.94%
AMAZON.COM INC
2.29%
META PLATFORMS
1.93%
MICRON TECHNOLOGY
1.24%
MASTERCARD
1.23%
PROCTERGAMBLE
1.17%
CATERPILLAR
1.16%
Diversification
MWMN
Total weight of top 10 holdings out of 145 total
40.20%
MGQE
Total weight of top 10 holdings out of 168 total
28.67%
Characteristics
Compare
MWMN
MGQE
| Provider | Mackenzie Investments | Mackenzie Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.30% | 0.34% |
| Meets ESG criteria | Yes | No |
| Inception Date | December 4, 2017 | September 10, 2024 |
Frequently asked questions about MWMN and MGQE
Which ETF has performed better year to date: MWMN or MGQE?
As of May 6, 2026, MWMN has returned 4.18% year to date, while MGQE has returned 11.28%. MGQE is ahead on YTD performance.
Which ETF is larger by assets under management: MWMN or MGQE?
As of May 6, 2026, MWMN manages $8.08 M in assets, while MGQE manages $491.70 M. MGQE is the larger fund by AUM.
How are MWMN and MGQE managed?
MWMN is actively managed by Mackenzie Investments. It does not track an index. MGQE is actively managed by Mackenzie Investments. It does not track an index.
What sectors do MWMN and MGQE emphasize?
MWMN is most exposed to Information Technology, Financials, and Health Care. MGQE is most exposed to Information Technology, Industrials, and Financials.
Which ETF is attracting more investor flows: MWMN or MGQE?
Year to date, MWMN has seen +$0.54 M in net flows, compared with +$208.46 M for MGQE. MGQE has attracted more net investor money so far.
How do the fees of MWMN and MGQE compare?
MWMN has an expense ratio of 0.62%, while MGQE has an expense ratio of 0.89%.
What are the top holdings of MWMN and MGQE?
MWMN's largest holdings include NVIDIA, MICROSOFT-T, and APPLE. MGQE's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: MWMN or MGQE?
MWMN holds 143 securities, while MGQE holds 162. On holdings count, MGQE is the more diversified portfolio.
Recent articles about MWMN and MGQE
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