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Mackenzie Developed Markets Real Estate Index ETF (QRET) and BMO SPDR Real Estate Select Sector Index ETF (ZXLR.F) 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 ZXLR.F leans towards Real Estate and Industrials. When evaluating costs, QRET features a management fee (MER) of 0.4%, compared to 0.21% for ZXLR.F. Performance-wise, QRET has returned 9.36% year-to-date with +$6 M in net flows, whereas ZXLR.F is at 10.72% 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
ZXLR.F
| AuM | $24.86 M | $1.56 M |
| Management Fees | 0.40% | 0.21% |
| Exp. ratio | 0.45% | 0.21% |
| 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% |
ZXLR.F | +0.64% | +5.69% | +10.72% | +7.65% | - | |
| Flows | QRET | +$6 M | +$6 M | +$6 M | +$6 M | +$12 M |
ZXLR.F | +$0 M | +$0 M | +$1 M | -$0 M | - |
QRET vs ZXLR.F exposure
Countries
QRET
USA
67.66%
Japan
9.12%
Other
23.22%
ZXLR.F
USA
99.87%
Sectors
QRET
Real Estate
94.21%
ZXLR.F
Real Estate
98.33%
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%
ZXLR.F
WELLTOWER INC
10.34%
PROLOGIS REIT
9.00%
EQUINIX INC COMMON STOCK REIT
7.25%
AMERICAN TOWER CL A REIT
5.83%
DIGITAL REALTY REIT
4.77%
SIMON PROPERTY GROUP REIT
4.61%
VENTAS REIT
4.37%
CBRE GROUP
4.34%
PUBLIC STORAGE REIT
4.32%
REALTY INCOME REIT
4.26%
Diversification
QRET
Total weight of top 10 holdings out of 320 total
33.69%
ZXLR.F
Total weight of top 10 holdings out of 31 total
59.08%
Characteristics
Compare
QRET
ZXLR.F
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive GBS Developed Markets Real Estate Net Total Return Index - CAD | S&P Real Estate Select Sector Total Return Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.71% | 4.38% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2020 | February 2, 2025 |
Frequently asked questions about QRET and ZXLR.F
Which ETF has performed better year to date: QRET or ZXLR.F?
As of June 10, 2026, QRET has returned 9.36% year to date, while ZXLR.F has returned 10.72%. ZXLR.F is ahead on YTD performance.
Which ETF is larger by assets under management: QRET or ZXLR.F?
As of June 10, 2026, QRET manages $24.86 M in assets, while ZXLR.F manages $1.56 M. QRET is the larger fund by AUM.
How are QRET and ZXLR.F managed?
QRET is passively managed by Mackenzie Investments. It tracks the Solactive GBS Developed Markets Real Estate Net Total Return Index - CAD benchmark. ZXLR.F is passively managed by BMO. It tracks the S&P Real Estate Select Sector Total Return Index - USD benchmark.
What sectors do QRET and ZXLR.F emphasize?
QRET is most exposed to Real Estate, Financials, and Consumer Discretionary. ZXLR.F is most exposed to Real Estate and Industrials.
Which ETF is attracting more investor flows: QRET or ZXLR.F?
Year to date, QRET has seen +$6.17 M in net flows, compared with +$0.76 M for ZXLR.F. QRET has attracted more net investor money so far.
How do the fees of QRET and ZXLR.F compare?
QRET has an expense ratio of 0.45%, while ZXLR.F has an expense ratio of 0.21%.
What are the top holdings of QRET and ZXLR.F?
QRET's largest holdings include WELLTOWER INC, PROLOGIS REIT, and EQUINIX INC COMMON STOCK REIT. ZXLR.F's top holdings include WELLTOWER INC, PROLOGIS REIT, and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: QRET or ZXLR.F?
QRET holds 297 securities, while ZXLR.F holds 31. On holdings count, QRET is the more diversified portfolio.
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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.