VS
iShares ESG Balanced ETF Portfolio (GBAL) and Manulife Conservative ETF Portfolio (MCAP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that GBAL focuses its top 3 sector exposures on Finance, Technology, and Sovereign, while MCAP leans towards Sovereign, Finance, and Technology. When evaluating costs, GBAL features a management fee (MER) of 0.22%, compared to 0.35% for MCAP. 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
GBAL
MCAP
| AuM | $304.16 M | $27.67 M |
| Management Fees | 0.22% | 0.35% |
| Exp. ratio | 0.24% | 0.35% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBAL | -0.36% | +2.14% | +10.43% | +10.24% | +65.35% |
MCAP | +0.41% | +0.23% | - | - | - | |
| Flows | GBAL | +$10 M | +$31 M | +$92 M | +$108 M | +$206 M |
MCAP | +$2 M | +$11 M | - | - | - |
GBAL vs MCAP exposure
Countries
GBAL
Canada
51.71%
USA
30.16%
Other
18.13%
MCAP
Other
77.13%
Other
22.87%
Sectors
GBAL
Finance
32.90%
Technology
20.12%
Sovereign
11.47%
Municipal
8.91%
Other
26.59%
MCAP
Other
77.14%
Other
22.86%
As of October 29, 2026
Top 10 Holdings
GBAL
CA46437Q1081
27.07%
CA46436U1003
18.82%
CA46438D1069
15.69%
CA46432E1007
12.61%
CA46431U1057
9.61%
CA45033L1094
8.70%
CA46436Y1025
4.73%
US4642874329
2.68%
MCAP
CA56502V1067
16.02%
CA56501D1078
10.86%
US9219468850
7.42%
CA56502X1024
6.98%
CA56503C1077
5.91%
CA56502Q1072
5.86%
CA56502U1084
5.34%
CA56503K1093
5.13%
CA56504C1068
4.95%
US46435U8532
4.50%
Diversification
GBAL
Total weight of top 10 holdings out of 1,365 total
99.91%
MCAP
Total weight of top 10 holdings out of 9,762 total
72.98%
Characteristics
Compare
GBAL
MCAP
| Provider | iShares | Manulife Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.58% | - |
| Meets ESG criteria | Yes | No |
| Inception Date | September 10, 2020 | April 28, 2026 |
Frequently asked questions about GBAL and MCAP
Which ETF is larger by assets under management: GBAL or MCAP?
As of October 29, 2026, GBAL manages $304.16 M in assets, while MCAP manages $27.67 M. GBAL is the larger fund by AUM.
How are GBAL and MCAP managed?
GBAL is actively managed by iShares. It does not track an index. MCAP is actively managed by Manulife Investments. It does not track an index.
Which ETF is more diversified: GBAL or MCAP?
GBAL holds 1 securities, while MCAP holds 1. On holdings count, GBAL is the more diversified portfolio.
How do the fees of GBAL and MCAP compare?
GBAL has an expense ratio of 0.24%, while MCAP has an expense ratio of 0.35%.
What sectors do GBAL and MCAP emphasize?
GBAL is most exposed to Finance, Technology, and Sovereign. MCAP is most exposed to Sovereign, Finance, and Technology.
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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.