QCE.TO vs. CLSA.TO
QCE.TO (Mackenzie Canadian Large Cap Equity Index ETF) and CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) are both Canada Equities funds. Both are actively managed. Over the past year, QCE.TO returned 33.07% vs 92.59% for CLSA.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
QCE.TO vs. CLSA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QCE.TO achieves a 14.14% return, which is significantly lower than CLSA.TO's 42.34% return.
QCE.TO
- 1D
- 0.28%
- 1M
- 1.65%
- 6M
- 10.77%
- YTD
- 14.14%
- 1Y
- 33.07%
- 3Y*
- 23.92%
- 5Y*
- 15.45%
- 10Y*
- —
CLSA.TO
- 1D
- 1.56%
- 1M
- 12.81%
- 6M
- 42.95%
- YTD
- 42.34%
- 1Y
- 92.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCE.TO vs. CLSA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCE.TO Mackenzie Canadian Large Cap Equity Index ETF | 14.14% | 26.75% |
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 42.34% | 57.14% |
Correlation
The correlation between QCE.TO and CLSA.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025 | 0.53 |
The correlation between QCE.TO and CLSA.TO has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.
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Return for Risk
QCE.TO vs. CLSA.TO — Risk / Return Rank
QCE.TO
CLSA.TO
QCE.TO vs. CLSA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Large Cap Equity Index ETF (QCE.TO) and Brompton Split Corp. Enhanced Equity Income ETF (CLSA.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.
| QCE.TO | CLSA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 2.25 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 8.64 | -4.23 |
| Martin ratioReturn relative to average drawdown | 18.62 | 37.70 | -19.08 |
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Drawdowns
QCE.TO vs. CLSA.TO - Drawdown Comparison
The maximum QCE.TO drawdown since its inception was -35.47%, which is greater than CLSA.TO's maximum drawdown of -11.73%. Use the drawdown chart below to compare losses from any high point for QCE.TO and CLSA.TO.
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Drawdown Indicators
| QCE.TO | CLSA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.47% | -11.73% | -23.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -10.78% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.27% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -1.26% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.46% | -0.68% |
Volatility
QCE.TO vs. CLSA.TO - Volatility Comparison
The current volatility for Mackenzie Canadian Large Cap Equity Index ETF (QCE.TO) is 2.09%, while Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) has a volatility of 3.94%. This indicates that QCE.TO experiences smaller price fluctuations and is considered to be less risky than CLSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCE.TO | CLSA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.94% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 12.91% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 14.43% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 16.28% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 16.28% | -0.49% |
Dividends
QCE.TO vs. CLSA.TO - Dividend Comparison
QCE.TO's dividend yield for the trailing twelve months is around 2.03%, less than CLSA.TO's 9.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 9.64% | 7.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCE.TO Mackenzie Canadian Large Cap Equity Index ETF | 2.03% | 2.30% | 3.01% | 3.49% | 3.38% | 2.57% | 3.17% | 3.18% | 2.78% |
Frequently Asked Questions
QCE.TO and CLSA.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Mackenzie and Brompton Funds.
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