VS
BMO U.S. All Cap Equity Fund ETF (ZACE) and Mackenzie US Large Cap Equity Index ETF (QUU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZACE focuses its top 3 sector exposures on Information Technology, Industrials, and Consumer Discretionary, while QUU leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZACE features a management fee (MER) of 0.75%, compared to 0.06% for QUU. Performance-wise, ZACE has returned 7.68% year-to-date with -$7 M in net flows, whereas QUU is at 10.28% with +$513 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
ZACE
QUU
| AuM | $56.64 M | $6,000.06 M |
| Management Fees | 0.75% | 0.06% |
| Exp. ratio | 0.81% | 0.06% |
| Tracking Difference | - | -0.09% |
Historical performance and flows
As of June 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZACE | +1.96% | +10.92% | +7.68% | +23.41% | +85.74% |
QUU | +1.81% | +12.07% | +10.28% | +26.65% | +88.19% | |
| Flows | ZACE | +$0 M | -$5 M | -$7 M | -$5 M | +$26 M |
QUU | -$0 M | +$139 M | +$513 M | +$1,096 M | +$1,385 M |
ZACE vs QUU exposure
Countries
ZACE
USA
92.05%
Other
7.95%
QUU
USA
97.17%
Sectors
ZACE
Information Technology
33.83%
Industrials
10.59%
Consumer Discretionary
10.32%
Communication Services
10.26%
Financials
9.24%
Health Care
7.62%
Other
18.14%
QUU
Information Technology
35.37%
Communication Services
11.28%
Consumer Discretionary
10.03%
Financials
9.57%
Health Care
8.65%
Industrials
8.19%
Other
16.91%
As of June 9, 2026
Top 10 Holdings
ZACE
APPLE
8.16%
MICROSOFT-T
5.29%
ALPHABET INC-CL
4.98%
NVIDIA
4.61%
AMAZON.COM INC
3.47%
VISA INCORPORATION
3.12%
BROADCOM LIMITED
2.77%
BK OF AMERICA CO
2.41%
ORACLE SYS
2.22%
SHOPIFY SUBORDINATE VOTING
2.08%
QUU
NVIDIA
7.53%
APPLE
6.28%
MICROSOFT-T
4.83%
AMAZON.COM INC
4.09%
ALPHABET INC-CL
3.61%
BROADCOM LIMITED
3.14%
ALPHABET INC-CL
3.11%
META PLATFORMS
2.15%
TESLA
1.79%
JPMORGAN CHASE
1.37%
Diversification
ZACE
Total weight of top 10 holdings out of 56 total
39.10%
QUU
Total weight of top 10 holdings out of 507 total
37.90%
Characteristics
Compare
ZACE
QUU
| Provider | BMO | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive US Large Cap Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.90% |
| Meets ESG criteria | No | No |
| Inception Date | June 10, 2021 | January 24, 2018 |
Frequently asked questions about ZACE and QUU
Which ETF has performed better year to date: ZACE or QUU?
As of June 9, 2026, ZACE has returned 7.68% year to date, while QUU has returned 10.28%. QUU is ahead on YTD performance.
Which ETF is larger by assets under management: ZACE or QUU?
As of June 9, 2026, ZACE manages $56.64 M in assets, while QUU manages $6.00 B. QUU is the larger fund by AUM.
How are ZACE and QUU managed?
ZACE is actively managed by BMO. It does not track an index. QUU is passively managed by Mackenzie Investments. It tracks the Solactive US Large Cap Index NTR - CAD benchmark.
What sectors do ZACE and QUU emphasize?
ZACE is most exposed to Information Technology, Industrials, and Consumer Discretionary. QUU is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZACE or QUU?
Year to date, ZACE has seen -$6.76 M in net flows, compared with +$513.18 M for QUU. QUU has attracted more net investor money so far.
How do the fees of ZACE and QUU compare?
ZACE has an expense ratio of 0.81%, while QUU has an expense ratio of 0.06%.
What are the top holdings of ZACE and QUU?
ZACE's largest holdings include APPLE and MICROSOFT-T. QUU's top holdings include NVIDIA, ALPHABET INC-CL, and APPLE.
Which ETF is more diversified: ZACE or QUU?
ZACE holds 53 securities, while QUU holds 471. On holdings count, QUU is the more diversified portfolio.
Recent articles about ZACE and QUU
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