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Compare Mackenzie NASDAQ 100 Index ETF (QQQQ) vs iShares NASDAQ 100 Index ETF (XQQU) to find the best fit for your portfolio. QQQQ and XQQU provide the same top sector exposures: Technology, Consumer Non-Cyclicals, and Healthcare. When evaluating costs, QQQQ features a management fee (MER) of 0.25%, compared to 0.35% for XQQU. Performance-wise, QQQQ has returned 16.45% year-to-date with +$124 M in net flows, whereas XQQU is at 16.68% with +$30 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
QQQQ
XQQU
| AuM | $140.02 M | $191.01 M |
| Management Fees | 0.25% | 0.35% |
| Exp. ratio | 0.25% | 0.39% |
| Tracking Difference | -0.37% | -0.63% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QQQQ | -3.16% | -5.71% | +16.45% | +20.70% | - |
XQQU | -2.98% | -3.73% | +16.68% | +21.07% | +105.18% | |
| Flows | QQQQ | +$3 M | +$112 M | +$124 M | +$135 M | - |
XQQU | +$3 M | +$5 M | +$30 M | +$14 M | +$136 M |
QQQQ vs XQQU exposure
Countries
QQQQ
USA
94.38%
XQQU
USA
94.34%
Sectors
QQQQ
Technology
67.74%
Consumer Non-Cyclicals
12.03%
Other
20.24%
XQQU
Technology
67.72%
Consumer Non-Cyclicals
12.02%
Other
20.26%
As of September 15, 2026
Top 10 Holdings
QQQQ
Apple, Inc.
8.17%
NVIDIA Corp.
7.88%
Microsoft Corp.
5.59%
Micron Technology, Inc.
4.54%
Amazon.com, Inc.
4.23%
Advanced Micro Devices, Inc.
3.65%
Alphabet, Inc.
3.24%
Broadcom Inc.
3.07%
Alphabet, Inc.
3.04%
Meta Platforms, Inc.
2.66%
XQQU
Apple, Inc.
8.17%
NVIDIA Corp.
7.87%
Microsoft Corp.
5.59%
Micron Technology, Inc.
4.54%
Amazon.com, Inc.
4.22%
Advanced Micro Devices, Inc.
3.64%
Alphabet, Inc.
3.24%
Broadcom Inc.
3.07%
Alphabet, Inc.
3.04%
Meta Platforms, Inc.
2.66%
Diversification
QQQQ
Total weight of top 10 holdings out of 103 total
46.07%
XQQU
Total weight of top 10 holdings out of 103 total
46.04%
Characteristics
Compare
QQQQ
XQQU
| Provider | Mackenzie Investments | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Nasdaq-100 Notional Net Return 15% Index - CAD | NASDAQ-100 Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.09% | 0.23% |
| Meets ESG criteria | No | No |
| Inception Date | August 19, 2025 | September 6, 2023 |
Frequently asked questions about QQQQ and XQQU
Which ETF has performed better year to date: QQQQ or XQQU?
As of September 15, 2026, QQQQ has returned 16.45% year to date, while XQQU has returned 16.68%. XQQU is ahead on YTD performance.
Which ETF is larger by assets under management: QQQQ or XQQU?
As of September 15, 2026, QQQQ manages $140.02 M in assets, while XQQU manages $191.01 M. XQQU is the larger fund by AUM.
How are QQQQ and XQQU managed?
QQQQ is passively managed by Mackenzie Investments. It tracks the Nasdaq-100 Notional Net Return 15% Index - CAD benchmark. XQQU is passively managed by iShares. It tracks the NASDAQ-100 Total Return Index - CAD benchmark.
What sectors do QQQQ and XQQU emphasize?
QQQQ is most exposed to Technology, Consumer Non-Cyclicals, and Healthcare. XQQU is most exposed to Technology, Consumer Non-Cyclicals, and Healthcare.
Which ETF is attracting more investor flows: QQQQ or XQQU?
Year to date, QQQQ has seen +$123.69 M in net flows, compared with +$29.82 M for XQQU. QQQQ has attracted more net investor money so far.
How do the fees of QQQQ and XQQU compare?
QQQQ has an expense ratio of 0.25%, while XQQU has an expense ratio of 0.39%.
What are the top holdings of QQQQ and XQQU?
QQQQ's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. XQQU's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: QQQQ or XQQU?
QQQQ holds 102 securities, while XQQU holds 102. On holdings count, QQQQ is the more diversified portfolio.
Recent articles about QQQQ and XQQU
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