VS
When evaluating costs, QCE features a management fee (MER) of 0.04%, compared to 0.05% for ZCN. Performance-wise, QCE has returned 15.65% year-to-date with +$54 M in net flows, whereas ZCN is at 14.04% with +$3 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
QCE
ZCN
| AuM | $305.00 M | $18,607.75 M |
| Management Fees | 0.04% | 0.05% |
| Exp. ratio | 0.04% | 0.06% |
| Tracking Difference | -0.11% | -0.09% |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QCE | +1.11% | +0.46% | +15.65% | +21.06% | +93.52% |
ZCN | +0.18% | -0.25% | +14.04% | +19.92% | +93.84% | |
| Flows | QCE | +$9 M | +$13 M | +$54 M | +$65 M | +$100 M |
ZCN | +$334 M | +$961 M | +$3,389 M | +$3,484 M | +$5,305 M |
QCE vs ZCN exposure
Countries
QCE
Exposure data will be available soon
ZCN
Canada
96.85%
Sectors
QCE
Exposure data will be available soon
ZCN
Finance
41.35%
Non-Energy Materials
18.49%
Energy
16.07%
Industrials
8.04%
Other
16.06%
As of November 3, 2026
Top 10 Holdings
QCE
Exposure data will be available soon
ZCN
Royal Bank of Canada
7.79%
The Toronto-Dominion Bank
5.50%
Shopify, Inc.
5.03%
Bank of Montreal
3.34%
The Bank of Nova Scotia
3.17%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.87%
Canadian Natural Resources Ltd.
2.73%
Agnico Eagle Mines Ltd.
2.65%
Suncor Energy, Inc.
2.22%
Diversification
QCE
Exposure data will be available soon
ZCN
Total weight of top 10 holdings out of 216 total
38.22%
Characteristics
Compare
QCE
ZCN
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Large Cap Index NTR - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Indirect | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.03% | 2.03% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | May 29, 2009 |
Frequently asked questions about QCE and ZCN
Which ETF has performed better year to date: QCE or ZCN?
As of November 3, 2026, QCE has returned 15.65% year to date, while ZCN has returned 14.04%. QCE is ahead on YTD performance.
Which ETF is larger by assets under management: QCE or ZCN?
As of November 3, 2026, QCE manages $305.00 M in assets, while ZCN manages $18.61 B. ZCN is the larger fund by AUM.
How are QCE and ZCN managed?
QCE is passively managed by Mackenzie Investments. It tracks the Solactive Canada Large Cap Index NTR - CAD benchmark. ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: QCE or ZCN?
Year to date, QCE has seen +$53.55 M in net flows, compared with +$3,389.04 M for ZCN. ZCN has attracted more net investor money so far.
How do the fees of QCE and ZCN compare?
QCE has an expense ratio of 0.04%, while ZCN has an expense ratio of 0.06%.
Recent articles about QCE and ZCN
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