QCN.TO
Mackenzie Canadian Equity Index ETF
Mackenzie Canadian Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canada Broad Market Index, or any successor thereto. It invests primarily in Canadian equity securitie
Canadian
EQUITY
Passive
MANAGEMENT STYLE
$ 4.7 B
ASSETS UNDER MGMT
5 bp
EXPENSES
Fund Basics
| Inception date | Jan 24, 2018 |
| Regulation | Canadian Mutual Fund Trust (ON) |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 7.2 % |
| SHOPIFY, INC. CLASS A | 5.7 % |
| TORONTO-DOMINION BANK | 4.8 % |
| ENBRIDGE INC | 3.1 % |
| BROOKFIELD CORP | 3.1 % |
| BANK OF MONTREAL | 2.8 % |
| BANK OF NOVA SCOTIA | 2.7 % |
| AGNICO-EAGLE MINES LTD | 2.6 % |
| CAN IMPERIAL BK OF COMMERCE | 2.5 % |
| BARRICK MINING CORP | 2.2 % |
Constituent Breakdown
| Number of holdings | 306 |
| Herfindahl-Hirschman Index | 211 |
| Wgt avg mkt cap (mns) | $71,233 |
| Large cap (>$10bn) | 81.9% |
| Mid cap ($2-10bn) | 11.2% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 96.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.8% | 36.1% | 26.9% | 19.4% | 13.6% | -- | -- | 9.8% |
| Dividend Yield | 0.0% | 3.4% | 3.5% | 3.6% | 3.4% | -- | -- | 3.3% |
| Total Returns | 8.8% | 39.5% | 30.4% | 23.0% | 17.0% | -- | -- | 13.0% | Ann. Volatility | 16.3% | 14.7% | 12.6% | 12.3% | 13.0% | -- | -- | 15.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 59% |
| MSCI EAFE | 0.64 | 52% |
| MSCI Emg Mkts | 0.56 | 46% |
Liquidity Measures
| Avg. volume (000) | 34 |
| ADV traded (mns) | $7 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $202.88 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 2.96/2.17 |
| Bollinger Bands (Upper/Lower) | $212.44/$193.22 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QCN.TO |
Expenses vs. QCN.TO |
ALTAR Score™ vs. QCN.TO |
|---|---|---|---|---|
| TTP.TO | TD Canadian Equity Index ETF | 96.7% | +1 bp | 0.0% |
| ZCN.TO | BMO S&P/TSX Capped Composite Index ETF | 95.3% | +1 bp | -0.2% |
| XIC.TO | iShares Core S&P/TSX Capped Composite Index ETF | 95.1% | +1 bp | -0.2% |
| VCN.TO | Vanguard FTSE Canada All Cap Index ETF | 92.4% | 0 bp | -0.1% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 84.4% | +1 bp | -0.1% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 78.3% | +13 bp | -0.1% |
| XESG.TO | iShares ESG Aware MSCI Canada Index ETF | 73.8% | +12 bp | -0.4% |
| XCSR.TO | iShares ESG Advanced MSCI Canada Index ETF | 54.7% | +13 bp | +0.1% |
| VDY.TO | Vanguard FTSE Canadian High Dividend Yield Index ETF | 43.7% | +18 bp | +0.7% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 43.0% | +19 bp | +0.5% |
Risk and Returns: QCN.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
6.1%
ALTAR SCORE™
25th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 17 funds in the Canadian Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 0.6%. QCN.TO's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places QCN.TO in the 25th percentile
among funds in the category.
Sell-Side Consensus
$232.34
PRICE TARGET
+15.1%
UPSIDE