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StockVS

TSX · CAD · ETF

Mackenzie US Large Cap Equity Index ETF (CAD-Hedged) (QAH.TO) ETF Analysis

QAH.TO
Expense ratio 0.07% Yield 0.88% Assets CA$1.24B Since January 29, 2018 Family Mackenzie Financial Corporation

Last Updated: October 20, 2026

CA$246.51
+CA$1.18 (+0.48%)

October 20, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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QAH.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+12.94%CA$112.94
3 years+22.00%CA$181.57
5 years+10.92%CA$167.92
Since February 13, 2018+13.27%CA$295.08

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

QAH.TO Return by Calendar Year

2018 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+11.14%
2025+16.63%
2024+24.73%
2023+26.44%
2022−21.63%
2021+27.40%
2020+18.62%
2019+28.50%
2018 (partial year)−5.15%

QAH.TO Monthly Returns

−11%+12%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+0.8−1.3−4.8+10.3+5.3−1.3−0.1+2.6−0.3+0.2——
2025+4.2−3.0−5.6−0.7+6.5+4.6+2.7+1.5+3.5+2.5−0.3+0.3
2024+2.5+4.8+3.6−4.0+3.1+5.8+0.4+1.4+2.2+0.1+6.1−3.2
2023+6.8−1.9+3.3+1.2+1.2+6.1+3.2−1.4−4.8−3.0+9.7+4.4
2022−6.0−3.7+4.4−9.6+0.1−8.6+7.8−2.3−9.4+7.5+2.1−4.0
2021+3.0−0.5+2.8+6.1+0.4+2.9+3.3+2.1−3.3+4.9+1.3+1.9
2020+2.1−11.0−10.8+11.8+3.9+2.8+4.2+9.0−6.5+2.5+8.7+3.4
2019+4.5+2.7+5.1+2.3−1.7+0.4+5.4−3.3+2.7+1.6+2.1+3.8
2018——−5.6+2.4−0.9+2.8+3.9+2.0+1.8−6.6−0.0−8.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

QAH.TO Volatility & Risk

Volatility: 8 yrs · Beta: 3 yrs
Annualized volatility
18.97%
Beta (3y)
0.97
Best year
+28.50%

2019

Worst year
−21.63%

2022

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

# Symbol Name Weight
1 NVDA NVIDIA Corp 7.92%
2 AAPL Apple Inc 7.1%
3 MSFT Microsoft Corp 5.61%
4 AMZN Amazon.com Inc 3.57%
5 GOOGL Alphabet Inc Class A 3%
6 GOOG Alphabet Inc Class C 2.6%
7 AVGO Broadcom Inc 2.44%
8 META Meta Platforms Inc Class A 2.38%
9 MU Micron Technology Inc 1.79%
10 TSLA Tesla Inc 1.62%

Analysis

Data-derived

Fund Overview

Mackenzie US Large Cap Equity Index ETF (CAD-Hedged) (QAH.TO) is an exchange-traded fund. Mackenzie Financial Corporation is the fund family on file. The inception date on file is January 29, 2018. The fund holds CA$1.24B in total net assets. Annual costs run at an expense ratio of 0.07%. On a CA$10,000 position that is CA$7.00 a year.

The largest positions on file are NVIDIA Corp (NVDA), Apple Inc (AAPL), and Microsoft Corp (MSFT). NVIDIA Corp alone accounts for 7.92% of the portfolio. The ten largest positions together make up 38.03% of the fund.

Performance Analysis

The most recent close on file for QAH.TO is CA$246.51, dated October 20, 2026. The trailing one-year total return is +12.94%. Measured over 5 years, that is +10.92% a year compounded. The trailing distribution yield is 0.88%.

2026 is still running; the total return is +11.14% year to date. Across the complete calendar years on file, 2019 returned +28.50% and 2022 returned −21.63%. Of the 7 complete calendar years on file, 6 finished higher.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$204.90 to CA$251.40. The latest close sits 20.31% above that 52-week low. Annualized volatility over the trailing 8 years is 18.97%. The reported beta is 0.97. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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