MEQT.TO vs. QUU.TO
MEQT.TO (Mackenzie All-Equity Allocation ETF) and QUU.TO (Mackenzie US Large Cap Equity Index ETF) are both exchange-traded funds - MEQT.TO is a Global Equities fund actively managed by Mackenzie, while QUU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index. MEQT.TO is actively managed, while QUU.TO is passively managed. Over the past year, MEQT.TO returned 25.74% vs 23.26% for QUU.TO. Their 0.55 correlation means they have sometimes moved together and sometimes differently. MEQT.TO charges 0.17%/yr vs 0.07%/yr for QUU.TO.
Performance
MEQT.TO vs. QUU.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MEQT.TO having a 12.84% return and QUU.TO slightly lower at 12.37%.
MEQT.TO
- 1D
- -0.35%
- 1M
- -1.97%
- 6M
- 10.00%
- YTD
- 12.84%
- 1Y
- 25.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.44%
QUU.TO
- 1D
- 0.87%
- 1M
- -1.74%
- 6M
- 10.51%
- YTD
- 12.37%
- 1Y
- 23.26%
- 3Y*
- 21.78%
- 5Y*
- 14.87%
- 10Y*
- —
- ALL TIME*
- 15.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$180.94K | CA$187.75K | CA$184.59K | |
| CA$1.13M | CA$1.01M | CA$1.23M |
MEQT.TO vs. QUU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 12.84% | 21.31% | 25.87% | 2.36% |
QUU.TO Mackenzie US Large Cap Equity Index ETF | 12.37% | 13.08% | 35.77% | 2.35% |
Correlation
The correlation between MEQT.TO and QUU.TO is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.55 |
Over the past year, MEQT.TO and QUU.TO have become more correlated (0.77) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
MEQT.TO vs. QUU.TO — Risk / Return Rank
MEQT.TO
QUU.TO
MEQT.TO vs. QUU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie All-Equity Allocation ETF (MEQT.TO) and Mackenzie US Large Cap Equity Index ETF (QUU.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEQT.TO | QUU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.36 | +0.98 |
| Martin ratioReturn relative to average drawdown | 13.47 | 8.41 | +5.06 |
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Drawdowns
MEQT.TO vs. QUU.TO - Drawdown Comparison
The maximum MEQT.TO drawdown since its inception was -15.14%, smaller than the maximum QUU.TO drawdown of -26.86%. Use the drawdown chart below to compare losses from any high point for MEQT.TO and QUU.TO.
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Drawdown Indicators
| MEQT.TO | QUU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -26.86% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -8.81% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.00% | — |
Current DrawdownCurrent decline from peak | -2.25% | -2.20% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -4.36% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.47% | -0.57% |
Volatility
MEQT.TO vs. QUU.TO - Volatility Comparison
Mackenzie All-Equity Allocation ETF (MEQT.TO) and Mackenzie US Large Cap Equity Index ETF (QUU.TO) have volatilities of 3.77% and 3.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEQT.TO | QUU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.66% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 10.19% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 13.00% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 15.46% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.05% | 17.23% | -5.18% |
MEQT.TO vs. QUU.TO - Expense Ratio Comparison
MEQT.TO has a 0.17% expense ratio, which is higher than QUU.TO's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MEQT.TO vs. QUU.TO - Dividend Comparison
MEQT.TO's dividend yield for the trailing twelve months is around 1.47%, more than QUU.TO's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.47% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUU.TO Mackenzie US Large Cap Equity Index ETF | 0.89% | 0.97% | 1.00% | 1.21% | 1.59% | 0.98% | 1.34% | 1.59% | 1.55% |
Frequently Asked Questions
MEQT.TO and QUU.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QUU.TO is cheaper with a 0.07% expense ratio, compared with 0.17% for MEQT.TO.
MEQT.TO is categorized as Global Equities, while QUU.TO is Large Cap Blend Equities. Their fees differ too: 0.17% for MEQT.TO and 0.07% for QUU.TO.
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