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MIVG.TO vs. QUU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MIVG.TO vs. QUU.TO

Last updated Jul 16, 2026
Documentation

MIVG.TO (Mackenzie Ivy Global Equity ETF) and QUU.TO (Mackenzie US Large Cap Equity Index ETF) are both exchange-traded funds - MIVG.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. MIVG.TO is actively managed, while QUU.TO is passively managed. Over the past 5 years, MIVG.TO returned 8.69%/yr vs 15.31%/yr for QUU.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

MIVG.TO vs. QUU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie Ivy Global Equity ETF (MIVG.TO) and Mackenzie US Large Cap Equity Index ETF (QUU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MIVG.TO achieves a 4.03% return, which is significantly lower than QUU.TO's 13.61% return.

MIVG.TO

1D
0.52%
1M
2.75%
6M
1.92%
YTD
4.03%
1Y
9.96%
3Y*
13.54%
5Y*
8.69%
10Y*
—

QUU.TO

1D
0.02%
1M
0.47%
6M
11.27%
YTD
13.61%
1Y
25.09%
3Y*
23.11%
5Y*
15.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIVG.TO vs. QUU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MIVG.TO
Mackenzie Ivy Global Equity ETF		4.03%9.98%23.80%11.57%-8.98%12.79%11.20%17.97%0.26%
QUU.TO
Mackenzie US Large Cap Equity Index ETF		13.61%13.08%35.77%25.01%-15.10%26.45%18.85%24.81%-1.02%

Correlation

The correlation between MIVG.TO and QUU.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Jan 25, 2018

0.29

The correlation between MIVG.TO and QUU.TO shifts across timeframes, from 0.29 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Mackenzie Ivy Global Equity ETF

Mackenzie US Large Cap Equity Index ETF

Often compared with QUU.TO:
QUU.TO vs. XEQT.TOQUU.TO vs. VOOQUU.TO vs. VUN.TOQUU.TO vs. VTIQUU.TO vs. XUS.TOQUU.TO vs. ZEA.TOQUU.TO vs. ZNQ.TO

Return for Risk

MIVG.TO vs. QUU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MIVG.TO
MIVG.TO Risk / Return Rank: 2323
Overall Rank
MIVG.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
MIVG.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
MIVG.TO Omega Ratio Rank: 2222
Omega Ratio Rank
MIVG.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
MIVG.TO Martin Ratio Rank: 2323
Martin Ratio Rank
QUU.TO
QUU.TO Risk / Return Rank: 7575
Overall Rank
QUU.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
QUU.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
QUU.TO Omega Ratio Rank: 7676
Omega Ratio Rank
QUU.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
QUU.TO Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIVG.TO vs. QUU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.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.

MIVG.TOQUU.TODifference
Sharpe ratioReturn per unit of total volatility
0.73
1.98

-1.25

Sortino ratioReturn per unit of downside risk
1.14
2.73

-1.60

Omega ratioGain probability vs. loss probability

1.13

1.36

-0.22

Calmar ratioReturn relative to maximum drawdown

0.81

2.86

-2.05

Martin ratioReturn relative to average drawdown

2.31

10.44

-8.13

MIVG.TO vs. QUU.TO - Sharpe Ratio Comparison

The current MIVG.TO Sharpe Ratio is 0.73, which is lower than the QUU.TO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of MIVG.TO and QUU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MIVG.TO vs. QUU.TO - Drawdown Comparison

The maximum MIVG.TO drawdown since its inception was -22.69%, smaller than the maximum QUU.TO drawdown of -26.86%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and QUU.TO.

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Drawdown Indicators

MIVG.TOQUU.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.69%

-26.86%

+4.17%

Max Drawdown (1Y)

Largest decline over 1 year

-10.67%

-8.81%

-1.86%

Max Drawdown (3Y)

Largest decline over 3 years

-12.16%

-19.23%

+7.07%

Max Drawdown (5Y)

Largest decline over 5 years

-18.88%

-24.00%

+5.12%

Current Drawdown

Current decline from peak

-1.09%

-1.12%

+0.03%

Average Drawdown

Average peak-to-trough decline

-3.56%

-4.37%

+0.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.71%

2.41%

+1.30%

Volatility

MIVG.TO vs. QUU.TO - Volatility Comparison

Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.64% compared to Mackenzie US Large Cap Equity Index ETF (QUU.TO) at 3.18%. This indicates that MIVG.TO's price experiences larger fluctuations and is considered to be riskier than QUU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MIVG.TOQUU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.64%

3.18%

+1.46%

Volatility (6M)

Calculated over the trailing 6-month period

9.50%

10.13%

-0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

12.73%

-0.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.39%

15.42%

-3.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.42%

17.24%

-3.82%

Dividends

MIVG.TO vs. QUU.TO - Dividend Comparison

MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, less than QUU.TO's 0.88% yield.

PositionTTM202520242023202220212020201920182017
MIVG.TO
Mackenzie Ivy Global Equity ETF		0.63%0.66%0.54%1.17%1.11%0.59%0.86%1.18%0.91%0.04%
QUU.TO
Mackenzie US Large Cap Equity Index ETF		0.88%0.97%1.00%1.21%1.59%0.98%1.34%1.59%1.55%0.00%

Frequently Asked Questions

MIVG.TO and QUU.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MIVG.TO is categorized as Global Equities, while QUU.TO is Large Cap Blend Equities.

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