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Wealthsimple Shariah World Equity Index ETF (WSHR) and TD Q Global Multifactor ETF (TQGM) offer distinct profiles for Canadian ETF investors. A direct comparison shows that WSHR focuses its top 3 sector exposures on Consumer Non-Cyclicals, Technology, and Non-Energy Materials, while TQGM leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, WSHR features a management fee (MER) of 0.5%, compared to 0.4% for TQGM. Performance-wise, WSHR has returned 14.61% year-to-date with +$82 M in net flows, whereas TQGM is at 17.88% with +$775 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
WSHR
TQGM
| AuM | $548.66 M | $1,580.33 M |
| Management Fees | 0.50% | 0.40% |
| Exp. ratio | 0.57% | 0.45% |
| Tracking Difference | -0.47% | - |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | WSHR | +3.72% | +5.76% | +14.61% | +13.34% | +43.54% |
TQGM | +1.59% | +2.56% | +17.88% | +18.98% | +87.10% | |
| Flows | WSHR | +$14 M | +$35 M | +$82 M | +$101 M | +$273 M |
TQGM | +$79 M | +$222 M | +$775 M | +$899 M | +$1,256 M |
WSHR vs TQGM exposure
Countries
WSHR
USA
35.75%
Switzerland
10.62%
Japan
10.13%
United Kingdom
8.10%
Canada
7.33%
Other
28.08%
TQGM
USA
52.75%
Japan
10.22%
Other
37.03%
Sectors
WSHR
Consumer Non-Cyclicals
17.39%
Technology
15.47%
Non-Energy Materials
14.85%
Healthcare
13.32%
Industrials
8.95%
Energy
8.53%
Other
21.48%
TQGM
Technology
21.58%
Finance
18.37%
Consumer Non-Cyclicals
15.11%
Industrials
11.53%
Consumer Cyclicals
7.68%
Other
25.73%
As of October 15, 2026
Top 10 Holdings
WSHR
The Coca-Cola Co.
1.07%
Johnson & Johnson
1.00%
Republic Services, Inc.
0.96%
Unilever Plc
0.94%
Roper Technologies, Inc.
0.92%
Meiji Holdings Co., Ltd.
0.92%
Broadridge Financial Solutions, Inc.
0.91%
Mastercard, Inc.
0.90%
Abbott Laboratories
0.88%
Visa, Inc.
0.87%
TQGM
Apple, Inc.
1.58%
Microsoft Corp.
1.55%
Oversea-Chinese Banking Corp. Ltd.
1.53%
NVIDIA Corp.
1.49%
Amazon.com, Inc.
1.49%
Broadcom Inc.
1.22%
Singapore Airlines Ltd.
1.13%
Meta Platforms, Inc.
1.11%
Mastercard, Inc.
1.11%
Altria Group, Inc.
1.01%
Diversification
WSHR
Total weight of top 10 holdings out of 158 total
9.38%
TQGM
Total weight of top 10 holdings out of 414 total
13.22%
Characteristics
Compare
WSHR
TQGM
| Provider | Mackenzie Investments | TD Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.77% | 0.90% |
| Meets ESG criteria | Yes | No |
| Inception Date | May 12, 2021 | November 26, 2019 |
Frequently asked questions about WSHR and TQGM
Which ETF has performed better year to date: WSHR or TQGM?
As of October 15, 2026, WSHR has returned 14.61% year to date, while TQGM has returned 17.88%. TQGM is ahead on YTD performance.
Which ETF is larger by assets under management: WSHR or TQGM?
As of October 15, 2026, WSHR manages $548.66 M in assets, while TQGM manages $1.58 B. TQGM is the larger fund by AUM.
How are WSHR and TQGM managed?
WSHR is passively managed by Mackenzie Investments. It tracks the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - CAD benchmark. TQGM is actively managed by TD Asset Management. It does not track an index.
What sectors do WSHR and TQGM emphasize?
WSHR is most exposed to Consumer Non-Cyclicals, Technology, and Non-Energy Materials. TQGM is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: WSHR or TQGM?
Year to date, WSHR has seen +$81.82 M in net flows, compared with +$774.95 M for TQGM. TQGM has attracted more net investor money so far.
How do the fees of WSHR and TQGM compare?
WSHR has an expense ratio of 0.57%, while TQGM has an expense ratio of 0.45%.
What are the top holdings of WSHR and TQGM?
WSHR's largest holdings include The Coca-Cola Co., Johnson & Johnson, and Republic Services, Inc.. TQGM's top holdings include Apple, Inc., Microsoft Corp., and Oversea-Chinese Banking Corp. Ltd..
Which ETF is more diversified: WSHR or TQGM?
WSHR holds 158 securities, while TQGM holds 410. On holdings count, TQGM is the more diversified portfolio.
Recent articles about WSHR and TQGM
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