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Compare Vanguard FTSE Global All Cap ex Canada Index ETF (VXC) vs Mackenzie GQE Global Equity ETF (MGQE) to find the best fit for your portfolio. VXC provides Information Technology, Financials, and Industrials exposures, while MGQE is primarily weighted in Information Technology, Industrials, and Financials. When evaluating costs, VXC features a management fee (MER) of 0.2%, compared to 0.8% for MGQE. Performance-wise, VXC has returned 10.6% year-to-date with +$177 M in net flows, whereas MGQE is at 13.54% with +$234 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
VXC
MGQE
| AuM | $3,371.34 M | $527.71 M |
| Management Fees | 0.20% | 0.80% |
| Exp. ratio | 0.22% | 0.88% |
| Tracking Difference | 0.53% | - |
Historical performance and flows
As of May 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VXC | +5.24% | +6.75% | +10.60% | +28.00% | +80.82% |
MGQE | +6.36% | +6.89% | +13.54% | +38.33% | - | |
| Flows | VXC | +$27 M | +$102 M | +$177 M | +$381 M | +$726 M |
MGQE | +$59 M | +$163 M | +$234 M | +$369 M | - |
VXC vs MGQE exposure
Countries
VXC
USA
60.34%
Other
39.66%
MGQE
USA
64.67%
Other
35.33%
Sectors
VXC
Information Technology
25.60%
Financials
14.10%
Industrials
11.29%
Consumer Discretionary
9.56%
Health Care
8.34%
Communication Services
7.66%
Other
23.45%
MGQE
Information Technology
26.33%
Industrials
12.77%
Financials
11.93%
Communication Services
9.59%
Health Care
9.38%
Consumer Discretionary
7.97%
Other
22.04%
As of May 21, 2026
Top 10 Holdings
VXC
NVIDIA
4.10%
APPLE
3.79%
MICROSOFT-T
2.80%
AMAZON.COM INC
2.05%
ALPHABET INC-CL
1.70%
BROADCOM LIMITED
1.49%
TWN SEMICONT MAN
1.40%
ALPHABET INC-CL
1.35%
META PLATFORMS
1.27%
TESLA
1.06%
MGQE
NVIDIA
5.94%
APPLE
5.41%
ALPHABET INC-CL
4.36%
MICROSOFT-T
3.94%
AMAZON.COM INC
2.29%
META PLATFORMS
1.93%
MICRON TECHNOLOGY
1.24%
MASTERCARD
1.23%
PROCTERGAMBLE
1.17%
CATERPILLAR
1.16%
Diversification
VXC
Total weight of top 10 holdings out of 10,333 total
21.01%
MGQE
Total weight of top 10 holdings out of 168 total
28.67%
Characteristics
Compare
VXC
MGQE
| Provider | Vanguard | Mackenzie Investments |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Global All Cap ex Canada China A Inclusion Net Tax Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.26% | 0.33% |
| Meets ESG criteria | No | No |
| Inception Date | June 30, 2014 | September 10, 2024 |
Frequently asked questions about VXC and MGQE
Which ETF has performed better year to date: VXC or MGQE?
As of May 21, 2026, VXC has returned 10.60% year to date, while MGQE has returned 13.54%. MGQE is ahead on YTD performance.
Which ETF is larger by assets under management: VXC or MGQE?
As of May 21, 2026, VXC manages $3.37 B in assets, while MGQE manages $527.71 M. VXC is the larger fund by AUM.
How are VXC and MGQE managed?
VXC is passively managed by Vanguard. It tracks the FTSE Global All Cap ex Canada China A Inclusion Net Tax Index - CAD benchmark. MGQE is actively managed by Mackenzie Investments. It does not track an index.
What sectors do VXC and MGQE emphasize?
VXC is most exposed to Information Technology, Financials, and Industrials. MGQE is most exposed to Information Technology, Industrials, and Financials.
Which ETF is attracting more investor flows: VXC or MGQE?
Year to date, VXC has seen +$176.84 M in net flows, compared with +$234.26 M for MGQE. MGQE has attracted more net investor money so far.
How do the fees of VXC and MGQE compare?
VXC has an expense ratio of 0.22%, while MGQE has an expense ratio of 0.88%.
What are the top holdings of VXC and MGQE?
VXC's largest holdings include NVIDIA and APPLE. MGQE's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: VXC or MGQE?
VXC holds 9358 securities, while MGQE holds 162. On holdings count, VXC is the more diversified portfolio.
Recent articles about VXC and MGQE
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