A side-by-side comparison of Mackenzie US Large Cap Equity Index ETF (QUU) and BMO S&P 500 Index ETF (ZSP) to help Canadian investors make an informed decision.
CIBC Investor's Edge
Get 200 free trades when you open an eligible CIBC Investor's Edge account with promo code EDGE2026.
- ✓200 free stock & ETF trades
- ✓Unlimited commission-free trades on 180+ select ETFs
- ✓Offer ends September 30, 2026
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | QUU | ZSP |
|---|---|---|
| YTD Return | +11.36%✓ | +11.20% |
| 1-Day Change | -0.27% | +0.23%✓ |
| 1-Week Change | -1.62% | -1.58%✓ |
| 1-Month Change | -1.60% | -1.41%✓ |
| Current Price | $302.60 | $114.64 |
| AUM | $6.19B | $23.77B✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 0.87%✓ | 0.76% |
| Distribution Frequency | Quarterly | Quarterly |
| Inception Date | 2018-01-24 | 2012-11-14 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★★★ |
| Category | US Equity | US Equity |
| Beta | 1.01 | 0.99 |
| 52-Week High | $310.44 | $117.88 |
| 52-Week Low | $245.34 | $93.16 |
| 50-Day MA | $302.07 | $114.39 |
| 200-Day MA | $280.05 | $106.23 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | QUU | ZSP |
|---|---|---|
| YTD | +11.36%✓ | +11.20% |
| 1 Year | +21.92%✓ | +21.81% |
| 3 Year | +22.31%✓ | +21.81% |
| 5 Year | +14.95% | +15.17%✓ |
| 10 Year | — | +15.61% |
| 1Y Volatility | 11.93% | 11.75% |
| Sharpe Ratio (3Y) | 1.52 | 1.50 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NVDA | NVIDIA Corporation | 7.19% |
| 2 | AAPL | Apple Inc. | 6.37% |
| 3 | MSFT | Microsoft Corporation | 4.21% |
| 4 | AMZN | Amazon.com Inc | 3.52% |
| 5 | GOOGL | Alphabet Inc Class A | 3.20% |
| 6 | GOOG | Alphabet Inc Class C | 2.75% |
| 7 | AVGO | Broadcom Inc | 2.70% |
| 8 | TSLA | Tesla Inc | 2.16% |
| 9 | MU | Micron Technology Inc | 2.00% |
| 10 | META | Meta Platforms Inc. | 1.90% |
| 1 | NVDA | NVIDIA Corporation | 7.81% |
| 2 | AAPL | Apple Inc. | 6.83% |
| 3 | MSFT | Microsoft Corporation | 4.42% |
| 4 | AMZN | Amazon.com Inc | 3.64% |
| 5 | GOOGL | Alphabet Inc Class A | 3.35% |
| 6 | AVGO | Broadcom Inc | 2.93% |
| 7 | GOOG | Alphabet Inc Class C | 2.69% |
| 8 | META | Meta Platforms Inc. | 1.95% |
| 9 | MU | Micron Technology Inc | 1.84% |
| 10 | TSLA | Tesla Inc | 1.75% |
Sector Weights
| Sector | QUU | ZSP |
|---|---|---|
| Basic Materials | 1.72% | 1.69% |
| Communication Services | 10.60% | 10.20% |
| Consumer Cyclicals | 9.55% | 9.49% |
| Consumer Defensive | 4.39% | 4.56% |
| Energy | 3.23% | 3.01% |
| Financial Services | 11.73% | 11.52% |
| Healthcare | 8.96% | 8.34% |
| Industrials | 8.55% | 8.21% |
| Real Estate | 1.65% | 1.81% |
| Technology | 37.51% | 39.02% |
| Utilities | 2.13% | 2.15% |
About QUU
NA
About ZSP
BMO S&P 500 Index ETF (ZSP.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both QUU and ZSP are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, QUU scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between QUU and ZSP?
QUU (Mackenzie US Large Cap Equity Index ETF) and ZSP (BMO S&P 500 Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($6.19B vs $23.77B), dividend yield (0.87% vs 0.76%), and year-to-date performance (+11.36% vs +11.20%).
Is QUU better than ZSP?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, QUU has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy QUU and ZSP on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both QUU and ZSP should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report