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

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$1.20B in total net assets.

The largest positions on file are NVIDIA Corp (NVDA), Apple Inc (AAPL), and Microsoft Corp (MSFT). NVIDIA Corp alone accounts for 7.09% of the portfolio. The ten largest positions together make up 36.35% of the fund.

Performance Analysis

The most recent close on file for QAH.TO is CA$248.24, dated September 4, 2026. The trailing one-year price return is +18.32%. Measured over 5 years, that is +10.89% a year compounded. The trailing distribution yield is 0.82%.

2026 is still running; the price is +11.60% 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 21.15% above that 52-week low. Annualized volatility over the trailing 8 years is 19.08%. The reported beta is 0.98. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.