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

QUU.TO vs. XMTM.TO

Last updated Jun 5, 2026

QUU.TO (Mackenzie US Large Cap Equity Index ETF) and XMTM.TO (iShares MSCI USA Momentum Factor Index ETF) are both exchange-traded funds - QUU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index, while XMTM.TO is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 5 years, QUU.TO returned 16.94%/yr vs 17.66%/yr for XMTM.TO. At a 0.45 correlation, their price movements are largely independent. QUU.TO charges 0.07%/yr vs 0.31%/yr for XMTM.TO.

Performance

QUU.TO vs. XMTM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie US Large Cap Equity Index ETF (QUU.TO) and iShares MSCI USA Momentum Factor Index ETF (XMTM.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, QUU.TO achieves a 13.03% return, which is significantly lower than XMTM.TO's 31.92% return.

QUU.TO

1D
0.43%
1M
6.93%
YTD
13.03%
6M
11.12%
1Y
30.75%
3Y*
24.45%
5Y*
16.94%
10Y*
—

XMTM.TO

1D
-1.10%
1M
14.53%
YTD
31.92%
6M
26.97%
1Y
39.60%
3Y*
34.59%
5Y*
17.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
QUU.TO
Mackenzie US Large Cap Equity Index ETF		13.03%13.08%35.77%25.01%-15.10%26.45%18.85%5.99%
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		31.92%14.02%43.59%6.48%-14.53%15.01%25.77%3.42%

Correlation

The correlation between QUU.TO and XMTM.TO is 0.73, 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

0.73

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

0.63

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

0.51

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2019

0.45

Over the past year, QUU.TO and XMTM.TO have become more correlated (0.73) than their long-term average of 0.45, meaning their price movements have been converging.

QUU.TO vs. XMTM.TO - Sectors Allocation Comparison

Sectors
QUU.TO
XMTM.TO

Technology

35.3%
44.7%

Communication Services

11.5%
7.0%

Financial Services

11.5%
10.5%

Consumer Cyclical

10.0%
3.7%

Healthcare

8.8%
7.0%

Industrials

8.6%
15.3%

Consumer Defensive

4.8%
3.3%

Energy

3.6%
3.6%

Utilities

2.3%
1.6%

Basic Materials

1.8%
1.7%

Real Estate

1.8%
1.8%

Technology

QUU.TO
35.3%
XMTM.TO
44.7%

Communication Services

QUU.TO
11.5%
XMTM.TO
7.0%

Financial Services

QUU.TO
11.5%
XMTM.TO
10.5%

Consumer Cyclical

QUU.TO
10.0%
XMTM.TO
3.7%

Healthcare

QUU.TO
8.8%
XMTM.TO
7.0%

Industrials

QUU.TO
8.6%
XMTM.TO
15.3%

Consumer Defensive

QUU.TO
4.8%
XMTM.TO
3.3%

Energy

QUU.TO
3.6%
XMTM.TO
3.6%

Utilities

QUU.TO
2.3%
XMTM.TO
1.6%

Basic Materials

QUU.TO
1.8%
XMTM.TO
1.7%

Real Estate

QUU.TO
1.8%
XMTM.TO
1.8%

Compare stocks, funds, or ETFs

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Mackenzie US Large Cap Equity Index ETF

iShares MSCI USA Momentum Factor 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. ZNQ.TOQUU.TO vs. MSTR
Often compared with XMTM.TO:
XMTM.TO vs. SPMOXMTM.TO vs. VMO.TOXMTM.TO vs. VFV.TOXMTM.TO vs. XCHP.TOXMTM.TO vs. FEQT.NEOXMTM.TO vs. QQC.TOXMTM.TO vs. VOO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QUU.TO
QUU.TO Risk / Return Rank: 7676
Overall Rank
QUU.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QUU.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
QUU.TO Omega Ratio Rank: 7979
Omega Ratio Rank
QUU.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
QUU.TO Martin Ratio Rank: 7171
Martin Ratio Rank
XMTM.TO
XMTM.TO Risk / Return Rank: 6565
Overall Rank
XMTM.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XMTM.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
XMTM.TO Omega Ratio Rank: 6565
Omega Ratio Rank
XMTM.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
XMTM.TO Martin Ratio Rank: 5757
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.

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

This table presents a comparison of risk-adjusted performance metrics for Mackenzie US Large Cap Equity Index ETF (QUU.TO) and iShares MSCI USA Momentum Factor Index ETF (XMTM.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.

QUU.TOXMTM.TODifference
Sharpe ratioReturn per unit of total volatility
2.53
2.14

+0.39

Sortino ratioReturn per unit of downside risk
3.46
3.00

+0.45

Omega ratioGain probability vs. loss probability

1.46

1.38

+0.08

Calmar ratioReturn relative to maximum drawdown

3.51

3.48

+0.02

Martin ratioReturn relative to average drawdown

13.05

9.97

+3.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QUU.TO Sharpe Ratio is 2.53, which is comparable to the XMTM.TO Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of QUU.TO and XMTM.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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Sharpe Ratios by Period

QUU.TOXMTM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

2.14

+0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.94

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

0.87

+0.05

Drawdowns

QUU.TO vs. XMTM.TO - Drawdown Comparison

The maximum QUU.TO drawdown since its inception was -26.86%, smaller than the maximum XMTM.TO drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for QUU.TO and XMTM.TO.

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Drawdown Indicators

QUU.TOXMTM.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.86%

-29.01%

+2.15%

Max Drawdown (1Y)

Largest decline over 1 year

-8.81%

-11.42%

+2.61%

Max Drawdown (3Y)

Largest decline over 3 years

-19.23%

-20.64%

+1.41%

Max Drawdown (5Y)

Largest decline over 5 years

-24.00%

-29.01%

+5.01%

Current Drawdown

Current decline from peak

0.00%

-1.10%

+1.10%

Average Drawdown

Average peak-to-trough decline

-4.42%

-7.96%

+3.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

3.99%

-1.63%

Volatility

QUU.TO vs. XMTM.TO - Volatility Comparison

The current volatility for Mackenzie US Large Cap Equity Index ETF (QUU.TO) is 3.73%, while iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) has a volatility of 7.83%. This indicates that QUU.TO experiences smaller price fluctuations and is considered to be less risky than XMTM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QUU.TOXMTM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.73%

7.83%

-4.10%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

16.08%

-6.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.23%

18.60%

-6.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.30%

18.80%

-3.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

20.07%

-2.78%

QUU.TO vs. XMTM.TO - Expense Ratio Comparison

QUU.TO has a 0.07% expense ratio, which is lower than XMTM.TO's 0.31% expense ratio.

Dividends

QUU.TO vs. XMTM.TO - Dividend Comparison

QUU.TO's dividend yield for the trailing twelve months is around 0.88%, more than XMTM.TO's 0.47% yield.

PositionTTM20252024202320222021202020192018
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%
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF		0.47%0.70%0.62%0.84%1.66%0.33%0.64%1.24%0.00%

Frequently Asked Questions

QUU.TO and XMTM.TO have a correlation of 0.73, 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 0.31% for XMTM.TO.

QUU.TO is categorized as Large Cap Blend Equities, while XMTM.TO is Momentum. QUU.TO tracks Solactive US Large Cap CAD Index, while XMTM.TO tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Mackenzie and iShares. Their fees differ too: 0.07% for QUU.TO and 0.31% for XMTM.TO.

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