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Compare Mackenzie US Large Cap Equity Index ETF (QAH) vs Desjardins American Equity Index ETF (DMEU) to find the best fit for your portfolio. QAH and DMEU provide the same top sector exposures: Technology, Finance, and Healthcare. When evaluating costs, QAH features a management fee (MER) of 0.06%, compared to 0.05% for DMEU. Performance-wise, QAH has returned 6.19% year-to-date with +$178 M in net flows, whereas DMEU is at 11.36% with +$1 B. 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
QAH
DMEU
| AuM | $1,145.68 M | $3,988.93 M |
| Management Fees | 0.06% | 0.05% |
| Exp. ratio | 0.07% | 0.06% |
| Tracking Difference | -0.01% | -0.25% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QAH | -1.99% | +2.33% | +6.19% | +13.68% | +60.12% |
DMEU | -2.18% | +6.33% | +11.36% | +19.33% | - | |
| Flows | QAH | +$7 M | -$47 M | +$178 M | +$360 M | +$939 M |
DMEU | +$72 M | +$436 M | +$1,166 M | +$1,812 M | - |
QAH vs DMEU exposure
Countries
QAH
USA
97.63%
DMEU
USA
97.34%
Sectors
QAH
Technology
45.00%
Finance
12.93%
Healthcare
9.06%
Consumer Non-Cyclicals
8.74%
Industrials
8.24%
Other
16.03%
DMEU
Technology
45.69%
Finance
12.85%
Healthcare
8.79%
Consumer Non-Cyclicals
8.70%
Industrials
8.15%
Other
15.82%
As of July 29, 2026
Top 10 Holdings
QAH
NVIDIA Corp.
7.07%
Apple, Inc.
6.25%
Microsoft Corp.
4.19%
Amazon.com, Inc.
3.58%
Alphabet, Inc.
3.19%
Alphabet, Inc.
2.76%
Broadcom Inc.
2.68%
Tesla, Inc.
2.13%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.91%
DMEU
NVIDIA Corp.
7.19%
Apple, Inc.
6.37%
Microsoft Corp.
4.21%
Amazon.com, Inc.
3.52%
Alphabet, Inc.
3.20%
Alphabet, Inc.
2.75%
Broadcom Inc.
2.70%
Tesla, Inc.
2.16%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Diversification
QAH
Total weight of top 10 holdings out of 506 total
35.78%
DMEU
Total weight of top 10 holdings out of 507 total
36.00%
Characteristics
Compare
QAH
DMEU
| Provider | Mackenzie Investments | Desjardins Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Large Cap Hedged to CAD NTR Index - CAD | Solactive GBS United States 500 CAD Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.84% | 0.68% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | April 18, 2024 |
Frequently asked questions about QAH and DMEU
Which ETF has performed better year to date: QAH or DMEU?
As of July 29, 2026, QAH has returned 6.19% year to date, while DMEU has returned 11.36%. DMEU is ahead on YTD performance.
Which ETF is larger by assets under management: QAH or DMEU?
As of July 29, 2026, QAH manages $1.15 B in assets, while DMEU manages $3.99 B. DMEU is the larger fund by AUM.
How are QAH and DMEU managed?
QAH is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Hedged to CAD NTR Index - CAD benchmark. DMEU is passively managed by Desjardins Investments. It tracks the Solactive GBS United States 500 CAD Net Total Return Index - CAD benchmark.
What sectors do QAH and DMEU emphasize?
QAH is most exposed to Technology, Finance, and Healthcare. DMEU is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: QAH or DMEU?
Year to date, QAH has seen +$177.81 M in net flows, compared with +$1,165.99 M for DMEU. DMEU has attracted more net investor money so far.
How do the fees of QAH and DMEU compare?
QAH has an expense ratio of 0.07%, while DMEU has an expense ratio of 0.06%.
What are the top holdings of QAH and DMEU?
QAH's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. DMEU's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: QAH or DMEU?
QAH holds 497 securities, while DMEU holds 498. On holdings count, DMEU is the more diversified portfolio.
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