VS
Compare Manulife Smart Defensive Equity ETF (CDEF) vs RBC Canadian Equity ETF (RCAN) to find the best fit for your portfolio. CDEF and RCAN provide the same top sector exposures: Financials, Energy, and Industrials. When evaluating costs, CDEF features a management fee (MER) of 0.25%, compared to 0.39% for RCAN. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CDEF
RCAN
| AuM | $3.67 M | $12.88 M |
| Management Fees | 0.25% | 0.39% |
| Exp. ratio | 0.28% | 0.39% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDEF | +2.11% | +4.94% | +10.11% | +20.81% | +67.54% |
RCAN | +3.81% | - | - | - | - | |
| Flows | CDEF | +$0 M | -$0 M | +$0 M | -$2 M | +$1 M |
RCAN | +$3 M | - | - | - | - |
CDEF vs RCAN exposure
Countries
CDEF
Canada
96.44%
RCAN
Canada
91.77%
Other
8.23%
Sectors
CDEF
Financials
27.82%
Energy
17.45%
Industrials
14.58%
Materials
12.61%
Utilities
7.51%
Other
20.03%
RCAN
Financials
30.21%
Energy
17.99%
Other
15.68%
Industrials
10.71%
Materials
10.40%
Other
15.02%
As of June 11, 2026
Top 10 Holdings
CDEF
CENOVUS ENERGY
3.50%
IMPERIAL OIL
3.22%
ENBRIDGE
2.84%
CANADIAN PACIFIC RAILWAY
2.73%
TC ENERGY CORP
2.71%
HYDRO ONE
2.65%
NATIONAL BANK OF CANADA
2.65%
FORTIS
2.64%
CDN NATL RAILWAY
2.58%
CDN IMPERIAL BK
2.58%
RCAN
ROYAL BK CANADA
6.96%
TORONTO DOMINION
6.24%
CA11271J1075
4.40%
CDN NATURAL RESOURCE
4.22%
AGNICO EAGLE MINES LTD
3.98%
ENBRIDGE
3.59%
BANK OF MONTREAL
3.27%
SUNCOR ENERGY
3.24%
CDN IMPERIAL BK
3.12%
CANADIAN PACIFIC RAILWAY
2.90%
Diversification
CDEF
Total weight of top 10 holdings out of 60 total
28.09%
RCAN
Total weight of top 10 holdings out of 48 total
41.90%
Characteristics
Compare
CDEF
RCAN
| Provider | Manulife Investments | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.41% | - |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2021 | March 25, 2026 |
Frequently asked questions about CDEF and RCAN
Which ETF is larger by assets under management: CDEF or RCAN?
As of June 11, 2026, CDEF manages $3.67 M in assets, while RCAN manages $12.88 M. RCAN is the larger fund by AUM.
How are CDEF and RCAN managed?
CDEF is actively managed by Manulife Investments. It does not track an index. RCAN is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do CDEF and RCAN emphasize?
CDEF is most exposed to Financials, Energy, and Industrials. RCAN is most exposed to Financials, Energy, and Industrials.
How do the fees of CDEF and RCAN compare?
CDEF has an expense ratio of 0.28%, while RCAN has an expense ratio of 0.39%.
What are the top holdings of CDEF and RCAN?
CDEF's largest holdings include CENOVUS ENERGY, IMPERIAL OIL, and ENBRIDGE. RCAN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: CDEF or RCAN?
CDEF holds 60 securities, while RCAN holds 46. On holdings count, CDEF is the more diversified portfolio.
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.
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.