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Compare Scotia US Equity Index Tracker ETF (SITU) vs Mackenzie US Large Cap Equity Index ETF (QAH) to find the best fit for your portfolio. SITU and QAH provide the same top sector exposures: Technology, Finance, and Healthcare. When evaluating costs, SITU features a management fee (MER) of 0.05%, compared to 0.06% for QAH. Performance-wise, SITU has returned 10.22% year-to-date with +$930 M in net flows, whereas QAH is at 11.31% with +$216 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
SITU
QAH
| AuM | $4,763.65 M | $1,236.84 M |
| Management Fees | 0.05% | 0.06% |
| Exp. ratio | 0.08% | 0.07% |
| Tracking Difference | -0.06% | -0.02% |
Historical performance and flows
As of November 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SITU | -7.36% | -4.89% | +10.22% | +7.70% | +78.70% |
QAH | -1.46% | -0.91% | +11.31% | +12.20% | +76.22% | |
| Flows | SITU | +$307 M | +$350 M | +$930 M | +$1,187 M | +$3,029 M |
QAH | -$7 M | +$10 M | +$216 M | +$218 M | +$973 M |
SITU vs QAH exposure
Countries
SITU
USA
97.35%
QAH
USA
97.56%
Sectors
SITU
Technology
47.58%
Finance
12.41%
Healthcare
9.26%
Consumer Non-Cyclicals
8.53%
Industrials
7.24%
Other
14.96%
QAH
Technology
47.59%
Finance
12.31%
Healthcare
9.34%
Consumer Non-Cyclicals
8.43%
Industrials
7.41%
Other
14.91%
As of November 4, 2026
Top 10 Holdings
SITU
NVIDIA Corp.
8.05%
Apple, Inc.
7.20%
Microsoft Corp.
5.68%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.04%
Alphabet, Inc.
2.62%
Broadcom Inc.
2.48%
Meta Platforms, Inc.
2.41%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.64%
QAH
NVIDIA Corp.
8.03%
Apple, Inc.
7.20%
Microsoft Corp.
5.68%
Amazon.com, Inc.
3.62%
Alphabet, Inc.
3.04%
Alphabet, Inc.
2.63%
Broadcom Inc.
2.48%
Meta Platforms, Inc.
2.41%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.64%
Diversification
SITU
Total weight of top 10 holdings out of 502 total
38.55%
QAH
Total weight of top 10 holdings out of 503 total
38.55%
Characteristics
Compare
SITU
QAH
| Provider | Scotia Bank | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive GBS United States 500 CAD Net Total Return Index - CAD | Solactive US Large Cap Hedged to CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.04% | 0.88% |
| Meets ESG criteria | No | No |
| Inception Date | March 11, 2020 | January 29, 2018 |
Frequently asked questions about SITU and QAH
Which ETF has performed better year to date: SITU or QAH?
As of November 4, 2026, SITU has returned 10.22% year to date, while QAH has returned 11.31%. QAH is ahead on YTD performance.
Which ETF is larger by assets under management: SITU or QAH?
As of November 4, 2026, SITU manages $4.76 B in assets, while QAH manages $1.24 B. SITU is the larger fund by AUM.
How are SITU and QAH managed?
SITU is passively managed by Scotia Bank. It tracks the Solactive GBS United States 500 CAD Net Total Return Index - CAD benchmark. QAH is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Hedged to CAD NTR Index - CAD benchmark.
What sectors do SITU and QAH emphasize?
SITU is most exposed to Technology, Finance, and Healthcare. QAH is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: SITU or QAH?
Year to date, SITU has seen +$929.73 M in net flows, compared with +$216.07 M for QAH. SITU has attracted more net investor money so far.
How do the fees of SITU and QAH compare?
SITU has an expense ratio of 0.08%, while QAH has an expense ratio of 0.07%.
What are the top holdings of SITU and QAH?
SITU's largest holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp.. QAH's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: SITU or QAH?
SITU holds 498 securities, while QAH holds 498. On holdings count, SITU is the more diversified portfolio.
Recent articles about SITU and QAH
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