VS
Compare Mackenzie US Large Cap Equity Index ETF (QAH) vs Global X US Large Cap Index Corporate Class ETF (HULC) to find the best fit for your portfolio. QAH provides Technology, Finance, and Healthcare exposures, while HULC is primarily weighted in Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, QAH features a management fee (MER) of 0.06%, compared to 0.09% for HULC. Performance-wise, QAH has returned 9.64% year-to-date with +$221 M in net flows, whereas HULC is at 14.69% with +$198 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
QAH
HULC
| AuM | $1,226.64 M | $825.15 M |
| Management Fees | 0.06% | 0.09% |
| Exp. ratio | 0.07% | 0.09% |
| Tracking Difference | -0.06% | -0.10% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QAH | -2.61% | +0.24% | +9.64% | +13.12% | +69.99% |
HULC | -0.52% | +2.17% | +14.69% | +18.54% | +85.49% | |
| Flows | QAH | +$10 M | +$15 M | +$221 M | +$401 M | +$976 M |
HULC | +$26 M | +$75 M | +$198 M | +$242 M | +$124 M |
QAH vs HULC exposure
Countries
QAH
USA
97.61%
HULC
USA
96.38%
Sectors
QAH
Technology
44.66%
Finance
13.65%
Healthcare
9.19%
Consumer Non-Cyclicals
8.78%
Industrials
8.19%
Other
15.53%
HULC
Technology
44.43%
Finance
13.58%
Consumer Non-Cyclicals
9.20%
Healthcare
9.10%
Industrials
8.09%
Other
15.60%
As of September 16, 2026
Top 10 Holdings
QAH
Apple, Inc.
7.42%
NVIDIA Corp.
7.09%
Microsoft Corp.
5.15%
Amazon.com, Inc.
3.52%
Alphabet, Inc.
3.02%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.63%
Meta Platforms, Inc.
1.84%
Tesla, Inc.
1.61%
Micron Technology, Inc.
1.53%
HULC
NVIDIA Corp.
7.23%
Apple, Inc.
6.81%
Microsoft Corp.
5.25%
Amazon.com, Inc.
4.02%
Alphabet, Inc.
3.19%
Broadcom Inc.
2.79%
Alphabet, Inc.
2.78%
Meta Platforms, Inc.
1.88%
Tesla, Inc.
1.60%
Eli Lilly & Co.
1.50%
Diversification
QAH
Total weight of top 10 holdings out of 507 total
36.62%
HULC
Total weight of top 10 holdings out of 496 total
37.05%
Characteristics
Compare
QAH
HULC
| Provider | Mackenzie Investments | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Large Cap Hedged to CAD NTR Index - CAD | Solactive US Large Cap Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.81% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | February 6, 2020 |
Frequently asked questions about QAH and HULC
Which ETF has performed better year to date: QAH or HULC?
As of September 16, 2026, QAH has returned 9.64% year to date, while HULC has returned 14.69%. HULC is ahead on YTD performance.
Which ETF is larger by assets under management: QAH or HULC?
As of September 16, 2026, QAH manages $1.23 B in assets, while HULC manages $825.15 M. QAH is the larger fund by AUM.
How are QAH and HULC managed?
QAH is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Hedged to CAD NTR Index - CAD benchmark. HULC is passively managed by Global X. It tracks the Solactive US Large Cap Index NTR - CAD benchmark.
What sectors do QAH and HULC emphasize?
QAH is most exposed to Technology, Finance, and Healthcare. HULC is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: QAH or HULC?
Year to date, QAH has seen +$221.07 M in net flows, compared with +$198.41 M for HULC. QAH has attracted more net investor money so far.
How do the fees of QAH and HULC compare?
QAH has an expense ratio of 0.07%, while HULC has an expense ratio of 0.09%.
What are the top holdings of QAH and HULC?
QAH's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. HULC's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: QAH or HULC?
QAH holds 502 securities, while HULC holds 493. On holdings count, QAH is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.