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Compare Mackenzie US Large Cap Equity Index ETF (QAH) vs NBI U.S. Equity Index Fund - ETF Series (NBUX) to find the best fit for your portfolio. QAH provides Technology, Finance, and Healthcare exposures, while NBUX is primarily weighted in Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, QAH features a management fee (MER) of 0.06%, compared to 0.05% for NBUX. 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
NBUX
| AuM | $1,193.45 M | $1.79 M |
| Management Fees | 0.06% | 0.05% |
| Exp. ratio | 0.07% | 0.05% |
| Tracking Difference | -0.03% | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QAH | -1.19% | +2.99% | +7.96% | +15.68% | +62.79% |
NBUX | -1.45% | - | - | - | - | |
| Flows | QAH | +$36 M | -$19 M | +$207 M | +$389 M | +$968 M |
NBUX | +$0 M | - | - | - | - |
QAH vs NBUX exposure
Countries
QAH
USA
97.63%
NBUX
USA
97.48%
Sectors
QAH
Technology
45.00%
Finance
12.93%
Healthcare
9.06%
Consumer Non-Cyclicals
8.74%
Industrials
8.24%
Other
16.03%
NBUX
Technology
45.52%
Finance
13.04%
Consumer Non-Cyclicals
8.78%
Healthcare
8.74%
Industrials
8.31%
Other
15.61%
As of July 30, 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%
NBUX
NVIDIA Corp.
7.16%
Apple, Inc.
6.48%
Microsoft Corp.
4.23%
Amazon.com, Inc.
3.57%
Alphabet, Inc.
3.19%
Broadcom Inc.
2.68%
Alphabet, Inc.
2.54%
Micron Technology, Inc.
1.98%
Meta Platforms, Inc.
1.88%
Tesla, Inc.
1.81%
Diversification
QAH
Total weight of top 10 holdings out of 506 total
35.78%
NBUX
Total weight of top 10 holdings out of 529 total
35.54%
Characteristics
Compare
QAH
NBUX
| Provider | Mackenzie Investments | National Bank Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Large Cap Hedged to CAD NTR Index - CAD | Morningstar US Large-Mid Cap Index PR - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.82% | - |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | May 12, 2026 |
Frequently asked questions about QAH and NBUX
Which ETF is larger by assets under management: QAH or NBUX?
As of July 30, 2026, QAH manages $1.19 B in assets, while NBUX manages $1.79 M. QAH is the larger fund by AUM.
How are QAH and NBUX managed?
QAH is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Hedged to CAD NTR Index - CAD benchmark. NBUX is passively managed by National Bank Investments. It tracks the Morningstar US Large-Mid Cap Index PR - USD benchmark.
What sectors do QAH and NBUX emphasize?
QAH is most exposed to Technology, Finance, and Healthcare. NBUX is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
How do the fees of QAH and NBUX compare?
QAH has an expense ratio of 0.07%, while NBUX has an expense ratio of 0.05%.
What are the top holdings of QAH and NBUX?
QAH's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. NBUX's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: QAH or NBUX?
QAH holds 497 securities, while NBUX holds 520. On holdings count, NBUX is the more diversified portfolio.
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