VS
Manulife Balanced ETF Portfolio (MBAP) and Vanguard Balanced ETF Portfolio (VBAL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MBAP focuses its top 3 sector exposures on Finance, Technology, and Energy, while VBAL leans towards Finance, Sovereign, and Technology. When evaluating costs, MBAP features a management fee (MER) of 0.35%, compared to 0.22% for VBAL. 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
MBAP
VBAL
| AuM | $25.37 M | $5,868.20 M |
| Management Fees | 0.35% | 0.22% |
| Exp. ratio | 0.35% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MBAP | -1.12% | +0.24% | - | - | - |
VBAL | -1.19% | +0.20% | +8.66% | +14.74% | +50.98% | |
| Flows | MBAP | +$4 M | +$21 M | - | - | - |
VBAL | +$119 M | +$403 M | +$1,096 M | +$1,521 M | +$2,221 M |
MBAP vs VBAL exposure
Countries
MBAP
Canada
32.52%
USA
24.84%
Other
18.90%
Other
23.74%
VBAL
Canada
40.45%
USA
33.62%
Other
25.93%
Sectors
MBAP
Finance
22.99%
Other
18.90%
Technology
12.45%
Energy
7.47%
Other
38.19%
VBAL
Finance
21.18%
Sovereign
16.68%
Technology
15.60%
Municipal
7.34%
Other
39.19%
As of September 2, 2026
Top 10 Holdings
MBAP
CA56501D1078
8.35%
CA56503H1064
5.22%
CA56504C1068
3.48%
NVIDIA Corp.
1.38%
Apple, Inc.
0.97%
Microsoft Corp.
0.94%
Broadcom Inc.
0.68%
Amazon.com, Inc.
0.65%
Alphabet, Inc.
0.64%
The Toronto-Dominion Bank
0.63%
VBAL
NVIDIA Corp.
1.75%
Apple, Inc.
1.72%
Royal Bank of Canada
1.53%
Microsoft Corp.
1.31%
The Toronto-Dominion Bank
1.05%
Amazon.com, Inc.
1.00%
Alphabet, Inc.
0.79%
Shopify, Inc.
0.75%
Broadcom Inc.
0.70%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.69%
Diversification
MBAP
Total weight of top 10 holdings out of 10,450 total
22.96%
VBAL
Total weight of top 10 holdings out of 33,826 total
11.27%
Characteristics
Compare
MBAP
VBAL
| Provider | Manulife Investments | Vanguard |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.11% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | February 1, 2018 |
Frequently asked questions about MBAP and VBAL
Which ETF is larger by assets under management: MBAP or VBAL?
As of September 2, 2026, MBAP manages $25.37 M in assets, while VBAL manages $5.87 B. VBAL is the larger fund by AUM.
How are MBAP and VBAL managed?
MBAP is actively managed by Manulife Investments. It does not track an index. VBAL is actively managed by Vanguard. It does not track an index.
What sectors do MBAP and VBAL emphasize?
MBAP is most exposed to Finance, Technology, and Energy. VBAL is most exposed to Finance, Sovereign, and Technology.
How do the fees of MBAP and VBAL compare?
MBAP has an expense ratio of 0.35%, while VBAL has an expense ratio of 0.24%.
What are the top holdings of MBAP and VBAL?
MBAP's largest holdings include NVIDIA Corp. and Apple, Inc.. VBAL's top holdings include NVIDIA Corp. and Apple, Inc..
Which ETF is more diversified: MBAP or VBAL?
MBAP holds 10098 securities, while VBAL holds 28168. On holdings count, VBAL is the more diversified portfolio.
Recent articles about MBAP and VBAL
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