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Compare Mackenzie Canadian Equity Index ETF (QCN) vs Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN) to find the best fit for your portfolio. QCN and HXCN 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 HXCN. Performance-wise, QCN has returned 10.3% year-to-date with +$502 M in net flows, whereas HXCN is at 11.09% with +$33 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
HXCN
| AuM | $5,474.98 M | $2,305.43 M |
| Management Fees | 0.04% | 0.05% |
| Exp. ratio | 0.04% | 0.06% |
| Tracking Difference | -0.18% | -0.35% |
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% |
HXCN | +2.07% | +6.92% | +11.09% | +34.11% | +90.27% | |
| Flows | QCN | +$93 M | +$425 M | +$502 M | +$2,482 M | +$2,910 M |
HXCN | +$45 M | +$29 M | +$33 M | +$364 M | +$37 M |
QCN vs HXCN exposure
Countries
QCN
Canada
99.90%
HXCN
Canada
99.33%
Sectors
QCN
Financials
30.08%
Energy
17.66%
Materials
14.92%
Other
13.54%
Other
23.79%
HXCN
Financials
30.03%
Energy
17.70%
Materials
14.68%
Other
12.90%
Other
24.68%
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%
HXCN
ROYAL BK CANADA
7.05%
TORONTO DOMINION
5.04%
SHOPIFY SUBORDINATE VOTING
4.28%
ENBRIDGE
3.35%
BANK OF MONTREAL
3.01%
CDN IMPERIAL BK
2.88%
CDN NATURAL RESOURCE
2.82%
CA11271J1075
2.73%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.65%
Diversification
QCN
Total weight of top 10 holdings out of 318 total
36.10%
HXCN
Total weight of top 10 holdings out of 220 total
36.50%
Characteristics
Compare
QCN
HXCN
| Provider | Mackenzie Investments | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Broad Market Index NTR - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.97% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | February 6, 2020 |
Frequently asked questions about QCN and HXCN
Which ETF has performed better year to date: QCN or HXCN?
As of June 11, 2026, QCN has returned 10.30% year to date, while HXCN has returned 11.09%. HXCN is ahead on YTD performance.
Which ETF is larger by assets under management: QCN or HXCN?
As of June 11, 2026, QCN manages $5.47 B in assets, while HXCN manages $2.31 B. QCN is the larger fund by AUM.
How are QCN and HXCN managed?
QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark. HXCN is passively managed by Global X. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do QCN and HXCN emphasize?
QCN is most exposed to Financials, Energy, and Materials. HXCN is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: QCN or HXCN?
Year to date, QCN has seen +$502.47 M in net flows, compared with +$32.58 M for HXCN. QCN has attracted more net investor money so far.
How do the fees of QCN and HXCN compare?
QCN has an expense ratio of 0.04%, while HXCN has an expense ratio of 0.06%.
What are the top holdings of QCN and HXCN?
QCN's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. HXCN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: QCN or HXCN?
QCN holds 266 securities, while HXCN holds 192. On holdings count, QCN is the more diversified portfolio.
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