CARS
Evolve Automobile Innovation Index ETF

Full CARS fund page
VS
XIT
iShares S&P/TSX Capped Information Technology Index ETF

Full XIT fund page

Compare Evolve Automobile Innovation Index ETF (CARS) vs iShares S&P/TSX Capped Information Technology Index ETF (XIT) to find the best fit for your portfolio. CARS provides Industrials, Technology, and Consumer Cyclicals exposures, while XIT is primarily weighted in Technology, Finance, and Consumer Cyclicals. When evaluating costs, CARS features a management fee (MER) of 0.4%, compared to 0.55% for XIT. Performance-wise, CARS has returned 0.97% year-to-date with -$3 M in net flows, whereas XIT is at 5.11% with +$33 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-10.0-8.0-6.0-4.0-2.00.0%Aug 14Aug 21Aug 28Sep 4Sep 14

Key Data

Historical performance and flows

As of September 14, 2026
1M3MYTD1Y3Y
Perf.
CARS
-10.74%-26.34%-0.97%+2.71%-0.82%
XIT
-6.19%+0.90%-5.11%-7.74%+60.11%
Flows
CARS
+$0 M-$0 M-$3 M-$6 M-$22 M
XIT
-$0 M-$35 M+$33 M+$91 M-$180 M

CARS vs XIT exposure

Countries

CARS
USA
48.11%
China
26.05%
Other
25.84%
XIT
Canada
99.98%

Sectors

CARS
Industrials
35.00%
Technology
32.26%
Consumer Cyclicals
30.49%
XIT
Technology
71.38%
Finance
27.59%
As of September 14, 2026

Top 10 Holdings

CARS
Gentherm, Inc.
2.26%
Li Auto, Inc.
2.14%
Ambarella, Inc.
2.03%
Monolithic Power Systems, Inc.
2.02%
Lucid Group, Inc.
1.97%
NVIDIA Corp.
1.94%
BYD Co., Ltd.
1.91%
NIO, Inc.
1.91%
XPeng, Inc.
1.90%
Visteon Corp.
1.90%
XIT
Shopify, Inc.
27.59%
Celestica, Inc.
23.62%
Constellation Software, Inc.
23.33%
CGI, Inc.
9.41%
The Descartes Systems Group, Inc.
4.40%
Open Text Corp.
4.21%
BlackBerry Ltd.
3.13%
Kinaxis, Inc.
2.17%
Lightspeed Commerce, Inc.
0.83%
Enghouse Systems Ltd.
0.35%

Diversification

CARS
Total weight of top 10 holdings out of 63 total
19.98%
XIT
Total weight of top 10 holdings out of 17 total
99.05%

Characteristics

Compare
CARS
XIT
ProviderEvolve ETFsiShares
ManagementPassively managedPassively managed
BenchmarkSolactive Future Cars Index Canadian Dollar Hedged - CADS&P/TSX Capped Information Technology Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield1.00%0.00%
Meets ESG criteriaYesNo
Inception DateSeptember 29, 2017March 19, 2001

Frequently asked questions about CARS and XIT

Which ETF has performed better year to date: CARS or XIT?
As of September 14, 2026, CARS has returned -0.97% year to date, while XIT has returned -5.11%. CARS is ahead on YTD performance.
Which ETF is larger by assets under management: CARS or XIT?
As of September 14, 2026, CARS manages $13.34 M in assets, while XIT manages $718.19 M. XIT is the larger fund by AUM.
How are CARS and XIT managed?
CARS is passively managed by Evolve ETFs. It tracks the Solactive Future Cars Index Canadian Dollar Hedged - CAD benchmark. XIT is passively managed by iShares. It tracks the S&P/TSX Capped Information Technology Index - CAD benchmark.
What sectors do CARS and XIT emphasize?
CARS is most exposed to Industrials, Technology, and Consumer Cyclicals. XIT is most exposed to Technology, Finance, and Consumer Cyclicals.
Which ETF is attracting more investor flows: CARS or XIT?
Year to date, CARS has seen -$3.07 M in net flows, compared with +$32.76 M for XIT. XIT has attracted more net investor money so far.
How do the fees of CARS and XIT compare?
CARS has an expense ratio of 0.58%, while XIT has an expense ratio of 0.61%.
What are the top holdings of CARS and XIT?
CARS's largest holdings include Gentherm, Inc., Li Auto, Inc., and Ambarella, Inc.. XIT's top holdings include Shopify, Inc., Celestica, Inc., and Constellation Software, Inc..
Which ETF is more diversified: CARS or XIT?
CARS holds 63 securities, while XIT holds 17. On holdings count, CARS is the more diversified portfolio.

Recent articles about CARS and XIT

CboeTrackinsight
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.

All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
diamonds