VS
Manulife Balanced ETF Portfolio (MBAP) and Vanguard Conservative ETF Portfolio (VCNS) 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 VCNS leans towards Sovereign, Finance, and Municipal. When evaluating costs, MBAP features a management fee (MER) of 0.35%, compared to 0.22% for VCNS. 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
VCNS
| AuM | $34.34 M | $975.88 M |
| Management Fees | 0.35% | 0.22% |
| Exp. ratio | 0.35% | 0.25% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MBAP | -1.46% | -0.22% | - | - | - |
VCNS | -0.88% | +0.05% | +5.14% | +4.86% | +41.91% | |
| Flows | MBAP | +$6 M | +$19 M | - | - | - |
VCNS | +$16 M | +$52 M | +$216 M | +$295 M | +$385 M |
MBAP vs VCNS exposure
Countries
MBAP
Canada
32.56%
USA
25.10%
Other
18.60%
Other
23.74%
VCNS
Canada
46.16%
USA
28.34%
Other
25.50%
Sectors
MBAP
Finance
22.58%
Other
18.61%
Technology
13.11%
Energy
7.64%
Other
38.07%
VCNS
Sovereign
24.89%
Finance
18.52%
Municipal
11.11%
Technology
10.98%
Other
34.50%
As of October 19, 2026
Top 10 Holdings
MBAP
CA56501D1078
8.26%
CA56503H1064
5.23%
CA56504C1068
3.44%
NVIDIA Corp.
1.64%
Microsoft Corp.
1.21%
Apple, Inc.
1.01%
Amazon.com, Inc.
0.63%
The Toronto-Dominion Bank
0.62%
Alphabet, Inc.
0.61%
Broadcom Inc.
0.60%
VCNS
NVIDIA Corp.
1.26%
Apple, Inc.
1.16%
Royal Bank of Canada
0.97%
Microsoft Corp.
0.94%
The Toronto-Dominion Bank
0.69%
Canada, Bonds 2.75% 1mar2031, CAD
0.65%
Amazon.com, Inc.
0.63%
Shopify, Inc.
0.61%
Canada, Bonds 2.75% 1sep2030, CAD
0.56%
Canada, Bonds 3.25% 1dec2035, CAD
0.54%
Diversification
MBAP
Total weight of top 10 holdings out of 10,465 total
23.26%
VCNS
Total weight of top 10 holdings out of 33,738 total
8.00%
Characteristics
Compare
MBAP
VCNS
| 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 | - | 2.56% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | February 1, 2018 |
Frequently asked questions about MBAP and VCNS
Which ETF is larger by assets under management: MBAP or VCNS?
As of October 19, 2026, MBAP manages $34.34 M in assets, while VCNS manages $975.88 M. VCNS is the larger fund by AUM.
How are MBAP and VCNS managed?
MBAP is actively managed by Manulife Investments. It does not track an index. VCNS is actively managed by Vanguard. It does not track an index.
What sectors do MBAP and VCNS emphasize?
MBAP is most exposed to Finance, Technology, and Energy. VCNS is most exposed to Sovereign, Finance, and Municipal.
How do the fees of MBAP and VCNS compare?
MBAP has an expense ratio of 0.35%, while VCNS has an expense ratio of 0.25%.
What are the top holdings of MBAP and VCNS?
MBAP's largest holdings include NVIDIA Corp. and Microsoft Corp.. VCNS's top holdings include NVIDIA Corp. and Apple, Inc..
Which ETF is more diversified: MBAP or VCNS?
MBAP holds 10104 securities, while VCNS holds 28146. On holdings count, VCNS is the more diversified portfolio.
Recent articles about MBAP and VCNS
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