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Compare CI Morningstar National Bank Québec Index ETF (QXM) vs CI Canada Quality Dividend Growth Index ETF (DGRC) to find the best fit for your portfolio. QXM provides Industrials, Finance, and Consumer Non-Cyclicals exposures, while DGRC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, QXM features a management fee (MER) of 0.5%, compared to 0.21% for DGRC. Performance-wise, QXM has returned 4.96% year-to-date with +$2 M in net flows, whereas DGRC is at 23.42% with +$74 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
QXM
DGRC
| AuM | $90.77 M | $1,029.48 M |
| Management Fees | 0.50% | 0.21% |
| Exp. ratio | 0.55% | 0.23% |
| Tracking Difference | -0.22% | -0.52% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QXM | -0.25% | -2.41% | +4.96% | +12.05% | +64.11% |
DGRC | +2.82% | +4.11% | +23.42% | +28.14% | +81.01% | |
| Flows | QXM | +$0 M | +$0 M | +$2 M | +$2 M | -$8 M |
DGRC | +$20 M | +$28 M | +$74 M | +$74 M | -$3 M |
QXM vs DGRC exposure
Countries
QXM
Canada
99.98%
DGRC
Canada
99.97%
Sectors
QXM
Industrials
30.57%
Finance
16.97%
Consumer Non-Cyclicals
12.85%
Non-Energy Materials
12.73%
Consumer Cyclicals
11.29%
Telecommunications
8.40%
Other
7.19%
DGRC
Finance
24.67%
Energy
18.42%
Non-Energy Materials
13.55%
Consumer Non-Cyclicals
11.19%
Consumer Cyclicals
10.47%
Industrials
9.89%
Other
11.81%
As of October 16, 2026
Top 10 Holdings
QXM
iA Financial Corp., Inc.
5.54%
CGI, Inc.
5.52%
Power Corp of Canada
5.42%
National Bank of Canada
5.10%
WSP Global, Inc.
5.05%
Canadian National Railway Co.
5.03%
Alimentation Couche-Tard, Inc.
5.01%
Bombardier, Inc.
4.86%
Dollarama, Inc.
4.81%
BCE, Inc.
4.74%
DGRC
Thomson Reuters Corp.
6.30%
Whitecap Resources, Inc.
5.26%
The Toronto-Dominion Bank
5.25%
Royal Bank of Canada
5.21%
National Bank of Canada
5.20%
Canadian Imperial Bank of Commerce
5.15%
Canadian Natural Resources Ltd.
5.12%
Canadian National Railway Co.
5.10%
Imperial Oil Ltd.
5.07%
Alimentation Couche-Tard, Inc.
4.60%
Diversification
QXM
Total weight of top 10 holdings out of 49 total
51.07%
DGRC
Total weight of top 10 holdings out of 51 total
52.27%
Characteristics
Compare
QXM
DGRC
| Provider | CI | CI |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar National Bank Quebec Total Return Index - CAD | WisdomTree Canada Quality Dividend Growth NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.99% | 2.17% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2012 | September 21, 2017 |
Frequently asked questions about QXM and DGRC
Which ETF has performed better year to date: QXM or DGRC?
As of October 16, 2026, QXM has returned 4.96% year to date, while DGRC has returned 23.42%. DGRC is ahead on YTD performance.
Which ETF is larger by assets under management: QXM or DGRC?
As of October 16, 2026, QXM manages $90.77 M in assets, while DGRC manages $1.03 B. DGRC is the larger fund by AUM.
How are QXM and DGRC managed?
QXM is passively managed by CI. It tracks the Morningstar National Bank Quebec Total Return Index - CAD benchmark. DGRC is passively managed by CI. It tracks the WisdomTree Canada Quality Dividend Growth NTR Index - CAD benchmark.
What sectors do QXM and DGRC emphasize?
QXM is most exposed to Industrials, Finance, and Consumer Non-Cyclicals. DGRC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: QXM or DGRC?
Year to date, QXM has seen +$1.95 M in net flows, compared with +$74.14 M for DGRC. DGRC has attracted more net investor money so far.
How do the fees of QXM and DGRC compare?
QXM has an expense ratio of 0.55%, while DGRC has an expense ratio of 0.23%.
What are the top holdings of QXM and DGRC?
QXM's largest holdings include iA Financial Corp., Inc., CGI, Inc., and Power Corp of Canada. DGRC's top holdings include Thomson Reuters Corp., Whitecap Resources, Inc., and The Toronto-Dominion Bank.
Which ETF is more diversified: QXM or DGRC?
QXM holds 49 securities, while DGRC holds 50. On holdings count, DGRC is the more diversified portfolio.
Recent articles about QXM and DGRC
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