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Compare Scotia US Equity Index Tracker ETF (SITU) vs Mackenzie US Large Cap Equity Index ETF (QUU) to find the best fit for your portfolio. SITU and QUU 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 QUU. Performance-wise, SITU has returned 15.73% year-to-date with +$575 M in net flows, whereas QUU is at 15.83% with +$688 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
QUU
| AuM | $4,663.17 M | $6,469.18 M |
| Management Fees | 0.05% | 0.06% |
| Exp. ratio | 0.08% | 0.06% |
| Tracking Difference | -0.08% | -0.07% |
Historical performance and flows
As of August 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SITU | +0.68% | +8.03% | +15.73% | +24.72% | +85.92% |
QUU | +0.84% | +9.58% | +15.83% | +25.77% | +87.52% | |
| Flows | SITU | +$72 M | +$136 M | +$575 M | +$1,023 M | +$2,690 M |
QUU | +$84 M | +$189 M | +$688 M | +$1,283 M | +$1,711 M |
SITU vs QUU exposure
Countries
SITU
USA
97.34%
QUU
USA
97.63%
Sectors
SITU
Technology
45.69%
Finance
12.85%
Healthcare
8.79%
Consumer Non-Cyclicals
8.70%
Industrials
8.15%
Other
15.82%
QUU
Technology
45.00%
Finance
12.93%
Healthcare
9.06%
Consumer Non-Cyclicals
8.74%
Industrials
8.24%
Other
16.03%
As of August 5, 2026
Top 10 Holdings
SITU
NVIDIA Corp.
7.19%
Apple, Inc.
6.37%
Microsoft Corp.
4.21%
Amazon.com, Inc.
3.52%
Alphabet, Inc.
3.20%
Alphabet, Inc.
2.75%
Broadcom Inc.
2.70%
Tesla, Inc.
2.16%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
QUU
NVIDIA Corp.
7.07%
Apple, Inc.
6.25%
Microsoft Corp.
4.19%
Amazon.com, Inc.
3.58%
Alphabet, Inc.
3.19%
Alphabet, Inc.
2.76%
Broadcom Inc.
2.68%
Tesla, Inc.
2.13%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.91%
Diversification
SITU
Total weight of top 10 holdings out of 507 total
36.00%
QUU
Total weight of top 10 holdings out of 506 total
35.78%
Characteristics
Compare
SITU
QUU
| 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 Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.87% | 0.86% |
| Meets ESG criteria | No | No |
| Inception Date | March 11, 2020 | January 24, 2018 |
Frequently asked questions about SITU and QUU
Which ETF has performed better year to date: SITU or QUU?
As of August 5, 2026, SITU has returned 15.73% year to date, while QUU has returned 15.83%. QUU is ahead on YTD performance.
Which ETF is larger by assets under management: SITU or QUU?
As of August 5, 2026, SITU manages $4.66 B in assets, while QUU manages $6.47 B. QUU is the larger fund by AUM.
How are SITU and QUU managed?
SITU is passively managed by Scotia Bank. It tracks the Solactive GBS United States 500 CAD Net Total Return Index - CAD benchmark. QUU is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Index NTR - CAD benchmark.
What sectors do SITU and QUU emphasize?
SITU is most exposed to Technology, Finance, and Healthcare. QUU is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: SITU or QUU?
Year to date, SITU has seen +$574.71 M in net flows, compared with +$688.15 M for QUU. QUU has attracted more net investor money so far.
How do the fees of SITU and QUU compare?
SITU has an expense ratio of 0.08%, while QUU has an expense ratio of 0.06%.
What are the top holdings of SITU and QUU?
SITU's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. QUU's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: SITU or QUU?
SITU holds 498 securities, while QUU holds 497. On holdings count, SITU is the more diversified portfolio.
Recent articles about SITU and QUU
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