VS
When evaluating costs, QCE features a management fee (MER) of 0.04%, compared to 0.35% for ZLB. Performance-wise, QCE has returned 15.65% year-to-date with +$54 M in net flows, whereas ZLB is at 8.94% with +$39 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
QCE
ZLB
| AuM | $305.00 M | $6,142.98 M |
| Management Fees | 0.04% | 0.35% |
| Exp. ratio | 0.04% | 0.39% |
| Tracking Difference | -0.11% | - |
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% |
ZLB | +6.23% | +0.52% | +8.94% | +14.07% | +64.39% | |
| Flows | QCE | +$9 M | +$13 M | +$54 M | +$65 M | +$100 M |
ZLB | -$116 M | -$163 M | +$39 M | +$190 M | +$1,065 M |
QCE vs ZLB exposure
Countries
QCE
Exposure data will be available soon
ZLB
Canada
96.25%
Sectors
QCE
Exposure data will be available soon
ZLB
Finance
31.84%
Consumer Non-Cyclicals
19.03%
Utilities
16.61%
Telecommunications
8.25%
Other
24.27%
As of November 3, 2026
Top 10 Holdings
QCE
Exposure data will be available soon
ZLB
Great-West Lifeco, Inc.
4.54%
Fortis, Inc.
4.29%
Loblaw Cos. Ltd.
3.97%
Quebecor, Inc.
3.85%
Hydro One Ltd.
3.67%
Empire Co. Ltd.
3.58%
Emera, Inc.
3.49%
Metro, Inc.
3.31%
CCL Industries, Inc.
3.25%
TMX Group Ltd.
3.17%
Diversification
QCE
Exposure data will be available soon
ZLB
Total weight of top 10 holdings out of 53 total
37.11%
Characteristics
Compare
QCE
ZLB
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Canada Large Cap Index NTR - CAD | - |
| Replication Method | Indirect | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.03% | 1.80% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | October 27, 2011 |
Frequently asked questions about QCE and ZLB
Which ETF has performed better year to date: QCE or ZLB?
As of November 3, 2026, QCE has returned 15.65% year to date, while ZLB has returned 8.94%. QCE is ahead on YTD performance.
Which ETF is larger by assets under management: QCE or ZLB?
As of November 3, 2026, QCE manages $305.00 M in assets, while ZLB manages $6.14 B. ZLB is the larger fund by AUM.
How are QCE and ZLB managed?
QCE is passively managed by Mackenzie Investments. It tracks the Solactive Canada Large Cap Index NTR - CAD benchmark. ZLB is actively managed by BMO. It does not track an index.
Which ETF is attracting more investor flows: QCE or ZLB?
Year to date, QCE has seen +$53.55 M in net flows, compared with +$39.18 M for ZLB. QCE has attracted more net investor money so far.
How do the fees of QCE and ZLB compare?
QCE has an expense ratio of 0.04%, while ZLB has an expense ratio of 0.39%.
Recent articles about QCE and ZLB
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