VS
Compare Mackenzie Canadian Equity Index ETF (QCN) vs Desjardins Canadian Equity Index ETF (DMEC) to find the best fit for your portfolio. QCN and DMEC provide the same top sector exposures: Financials, Energy, and Materials. When evaluating costs, QCN features a management fee (MER) of 0.04%, compared to 0.05% for DMEC. Performance-wise, QCN has returned 10.3% year-to-date with +$502 M in net flows, whereas DMEC is at 11.14% with +$452 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
QCN
DMEC
| AuM | $5,474.98 M | $2,037.04 M |
| Management Fees | 0.04% | 0.05% |
| Exp. ratio | 0.04% | 0.06% |
| Tracking Difference | -0.18% | -0.29% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QCN | +1.62% | +5.22% | +10.30% | +33.84% | +89.90% |
DMEC | +1.96% | +6.97% | +11.14% | +34.32% | - | |
| Flows | QCN | +$93 M | +$425 M | +$502 M | +$2,482 M | +$2,910 M |
DMEC | +$130 M | +$315 M | +$452 M | +$932 M | - |
QCN vs DMEC exposure
Countries
QCN
Canada
99.90%
DMEC
Canada
99.81%
Sectors
QCN
Financials
30.08%
Energy
17.66%
Materials
14.92%
Other
13.54%
Other
23.79%
DMEC
Financials
30.06%
Energy
17.65%
Materials
14.91%
Other
13.63%
Other
23.76%
As of June 11, 2026
Top 10 Holdings
QCN
ROYAL BK CANADA
7.01%
TORONTO DOMINION
5.06%
SHOPIFY SUBORDINATE VOTING
3.98%
ENBRIDGE
3.37%
BANK OF MONTREAL
3.01%
CDN IMPERIAL BK
2.88%
CA11271J1075
2.78%
CDN NATURAL RESOURCE
2.71%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.63%
DMEC
ROYAL BK CANADA
7.01%
TORONTO DOMINION
5.06%
SHOPIFY SUBORDINATE VOTING
3.98%
ENBRIDGE
3.36%
BANK OF MONTREAL
3.00%
CDN IMPERIAL BK
2.88%
CA11271J1075
2.78%
CDN NATURAL RESOURCE
2.70%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.63%
Diversification
QCN
Total weight of top 10 holdings out of 318 total
36.10%
DMEC
Total weight of top 10 holdings out of 318 total
36.08%
Characteristics
Compare
QCN
DMEC
| Provider | Mackenzie Investments | Desjardins Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Broad Market Index NTR - CAD | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.97% | 1.90% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | April 18, 2024 |
Frequently asked questions about QCN and DMEC
Which ETF has performed better year to date: QCN or DMEC?
As of June 11, 2026, QCN has returned 10.30% year to date, while DMEC has returned 11.14%. DMEC is ahead on YTD performance.
Which ETF is larger by assets under management: QCN or DMEC?
As of June 11, 2026, QCN manages $5.47 B in assets, while DMEC manages $2.04 B. QCN is the larger fund by AUM.
How are QCN and DMEC managed?
QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark. DMEC is passively managed by Desjardins Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do QCN and DMEC emphasize?
QCN is most exposed to Financials, Energy, and Materials. DMEC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: QCN or DMEC?
Year to date, QCN has seen +$502.47 M in net flows, compared with +$451.84 M for DMEC. QCN has attracted more net investor money so far.
How do the fees of QCN and DMEC compare?
QCN has an expense ratio of 0.04%, while DMEC has an expense ratio of 0.06%.
What are the top holdings of QCN and DMEC?
QCN's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. DMEC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: QCN or DMEC?
QCN holds 266 securities, while DMEC holds 267. On holdings count, DMEC is the more diversified portfolio.
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