VS
Compare Mackenzie Canadian Equity Index ETF (QCN) vs Vanguard FTSE Canada All Cap Index ETF (VCN) to find the best fit for your portfolio. QCN and VCN 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 VCN. Performance-wise, QCN has returned 10.3% year-to-date with +$502 M in net flows, whereas VCN is at 10.96% with +$2 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
QCN
VCN
| AuM | $5,474.98 M | $16,244.05 M |
| Management Fees | 0.04% | 0.05% |
| Exp. ratio | 0.04% | 0.06% |
| Tracking Difference | -0.18% | -0.10% |
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% |
VCN | +2.08% | +7.09% | +10.96% | +33.48% | +90.88% | |
| Flows | QCN | +$93 M | +$425 M | +$502 M | +$2,482 M | +$2,910 M |
VCN | +$410 M | +$987 M | +$2,033 M | +$3,273 M | +$5,379 M |
QCN vs VCN exposure
Countries
QCN
Canada
99.90%
VCN
Canada
99.35%
Sectors
QCN
Financials
30.08%
Energy
17.66%
Materials
14.92%
Other
13.54%
Other
23.79%
VCN
Financials
30.50%
Energy
17.81%
Materials
14.38%
Other
14.05%
Other
23.27%
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%
VCN
ROYAL BK CANADA
7.13%
TORONTO DOMINION
5.13%
SHOPIFY SUBORDINATE VOTING
4.21%
ENBRIDGE
3.42%
BANK OF MONTREAL
3.06%
CDN IMPERIAL BK
2.97%
CDN NATURAL RESOURCE
2.76%
BNS
2.75%
CA11271J1075
2.71%
AGNICO EAGLE MINES LTD
2.66%
Diversification
QCN
Total weight of top 10 holdings out of 318 total
36.10%
VCN
Total weight of top 10 holdings out of 213 total
36.79%
Characteristics
Compare
QCN
VCN
| Provider | Mackenzie Investments | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Broad Market Index NTR - CAD | FTSE Canada All Cap Domestic Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.97% | 2.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | August 2, 2013 |
Frequently asked questions about QCN and VCN
Which ETF has performed better year to date: QCN or VCN?
As of June 11, 2026, QCN has returned 10.30% year to date, while VCN has returned 10.96%. VCN is ahead on YTD performance.
Which ETF is larger by assets under management: QCN or VCN?
As of June 11, 2026, QCN manages $5.47 B in assets, while VCN manages $16.24 B. VCN is the larger fund by AUM.
How are QCN and VCN managed?
QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark. VCN is passively managed by Vanguard. It tracks the FTSE Canada All Cap Domestic Total Return Index - CAD benchmark.
What sectors do QCN and VCN emphasize?
QCN is most exposed to Financials, Energy, and Materials. VCN is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: QCN or VCN?
Year to date, QCN has seen +$502.47 M in net flows, compared with +$2,032.56 M for VCN. VCN has attracted more net investor money so far.
How do the fees of QCN and VCN compare?
QCN has an expense ratio of 0.04%, while VCN has an expense ratio of 0.06%.
What are the top holdings of QCN and VCN?
QCN's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. VCN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: QCN or VCN?
QCN holds 266 securities, while VCN holds 181. On holdings count, QCN is the more diversified portfolio.
Recent articles about QCN and VCN
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