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Mackenzie Developed Markets Real Estate Index ETF (QRET) and BMO Brookfield Global Real Estate Tech Fund ETF (TOWR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QRET focuses its top 3 sector exposures on Real Estate, Financials, and Consumer Discretionary, while TOWR leans towards Real Estate, Communication Services, and Information Technology. When evaluating costs, QRET features a management fee (MER) of 0.4%, compared to 0.8% for TOWR. Performance-wise, QRET has returned 9.36% year-to-date with +$6 M in net flows, whereas TOWR is at 13.4% with -$1 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
QRET
TOWR
| AuM | $24.86 M | $2.83 M |
| Management Fees | 0.40% | 0.80% |
| Exp. ratio | 0.45% | 0.89% |
| Tracking Difference | -0.59% | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QRET | +0.49% | +4.10% | +9.36% | +12.53% | +36.59% |
TOWR | +0.46% | +8.05% | +13.40% | +10.68% | +28.97% | |
| Flows | QRET | +$6 M | +$6 M | +$6 M | +$6 M | +$12 M |
TOWR | +$0 M | +$0 M | -$1 M | -$2 M | -$37 M |
QRET vs TOWR exposure
Countries
QRET
USA
67.66%
Japan
9.12%
Other
23.22%
TOWR
USA
64.55%
United Kingdom
7.04%
Other
28.42%
Sectors
QRET
Real Estate
94.21%
TOWR
Real Estate
88.72%
Other
11.28%
As of June 10, 2026
Top 10 Holdings
QRET
WELLTOWER INC
6.29%
PROLOGIS REIT
5.55%
EQUINIX INC COMMON STOCK REIT
4.48%
AMERICAN TOWER CL A REIT
3.60%
DIGITAL REALTY REIT
2.91%
SIMON PROPERTY GROUP REIT
2.78%
REALTY INCOME REIT
2.49%
PUBLIC STORAGE REIT
2.01%
GOODMAN GROUP CF
1.79%
CBRE GROUP
1.78%
TOWR
EQUINIX INC COMMON STOCK REIT
10.19%
PROLOGIS REIT
9.65%
DIGITAL REALTY REIT
9.05%
AMERICAN TOWER CL A REIT
6.93%
CROWN CASTLE INTERNATIONAL
6.56%
IRON MOUNTAIN
6.37%
SBA COMMUNICATIONS
6.16%
TERRENO REALTY REIT
4.88%
TRITAX BIG BOX REIT
4.85%
GOODMAN GROUP CF
4.84%
Diversification
QRET
Total weight of top 10 holdings out of 320 total
33.69%
TOWR
Total weight of top 10 holdings out of 25 total
69.48%
Characteristics
Compare
QRET
TOWR
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive GBS Developed Markets Real Estate Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.71% | 1.53% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2020 | March 1, 2022 |
Frequently asked questions about QRET and TOWR
Which ETF has performed better year to date: QRET or TOWR?
As of June 10, 2026, QRET has returned 9.36% year to date, while TOWR has returned 13.40%. TOWR is ahead on YTD performance.
Which ETF is larger by assets under management: QRET or TOWR?
As of June 10, 2026, QRET manages $24.86 M in assets, while TOWR manages $2.83 M. QRET is the larger fund by AUM.
How are QRET and TOWR managed?
QRET is passively managed by Mackenzie Investments. It tracks the Solactive GBS Developed Markets Real Estate Net Total Return Index - CAD benchmark. TOWR is actively managed by BMO. It does not track an index.
What sectors do QRET and TOWR emphasize?
QRET is most exposed to Real Estate, Financials, and Consumer Discretionary. TOWR is most exposed to Real Estate, Communication Services, and Information Technology.
Which ETF is attracting more investor flows: QRET or TOWR?
Year to date, QRET has seen +$6.17 M in net flows, compared with -$1.41 M for TOWR. QRET has attracted more net investor money so far.
How do the fees of QRET and TOWR compare?
QRET has an expense ratio of 0.45%, while TOWR has an expense ratio of 0.89%.
What are the top holdings of QRET and TOWR?
QRET's largest holdings include WELLTOWER INC, PROLOGIS REIT, and EQUINIX INC COMMON STOCK REIT. TOWR's top holdings include EQUINIX INC COMMON STOCK REIT, PROLOGIS REIT, and DIGITAL REALTY REIT.
Which ETF is more diversified: QRET or TOWR?
QRET holds 297 securities, while TOWR holds 23. On holdings count, QRET is the more diversified portfolio.
Recent articles about QRET and TOWR
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.