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Manulife Balanced ETF Portfolio (MBAP) and iShares Core Conservative Balanced ETF (XCNS) 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 XCNS leans towards Finance, Sovereign, and Technology. When evaluating costs, MBAP features a management fee (MER) of 0.35%, compared to 0.18% for XCNS. 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
XCNS
| AuM | $25.37 M | $432.28 M |
| Management Fees | 0.35% | 0.18% |
| Exp. ratio | 0.35% | 0.19% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MBAP | -1.12% | +0.24% | - | - | - |
XCNS | -1.08% | +0.03% | +5.97% | +10.49% | +37.24% | |
| Flows | MBAP | +$4 M | +$21 M | - | - | - |
XCNS | +$11 M | +$34 M | +$103 M | +$150 M | +$271 M |
MBAP vs XCNS exposure
Countries
MBAP
Canada
32.52%
USA
24.84%
Other
18.90%
Other
23.74%
XCNS
Canada
54.21%
USA
30.16%
Other
15.62%
Sectors
MBAP
Finance
22.99%
Other
18.90%
Technology
12.45%
Energy
7.47%
Other
38.19%
XCNS
Finance
23.83%
Sovereign
18.32%
Technology
10.86%
Municipal
10.56%
Other
36.42%
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%
XCNS
Apple, Inc.
1.27%
NVIDIA Corp.
1.22%
Royal Bank of Canada
0.87%
Microsoft Corp.
0.87%
Amazon.com, Inc.
0.60%
The Toronto-Dominion Bank
0.59%
Canada, Bonds 2.75% 1mar2031, CAD
0.56%
Canada, Bonds 2.75% 1sep2030, CAD
0.56%
Canada, Bonds 3.25% 1dec2035, CAD
0.55%
Canada, Bonds 3.25% 1jun2035, CAD
0.52%
Diversification
MBAP
Total weight of top 10 holdings out of 10,450 total
22.96%
XCNS
Total weight of top 10 holdings out of 21,952 total
7.60%
Characteristics
Compare
MBAP
XCNS
| Provider | Manulife Investments | iShares |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.60% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | August 7, 2019 |
Frequently asked questions about MBAP and XCNS
Which ETF is larger by assets under management: MBAP or XCNS?
As of September 2, 2026, MBAP manages $25.37 M in assets, while XCNS manages $432.28 M. XCNS is the larger fund by AUM.
How are MBAP and XCNS managed?
MBAP is actively managed by Manulife Investments. It does not track an index. XCNS is actively managed by iShares. It does not track an index.
What sectors do MBAP and XCNS emphasize?
MBAP is most exposed to Finance, Technology, and Energy. XCNS is most exposed to Finance, Sovereign, and Technology.
How do the fees of MBAP and XCNS compare?
MBAP has an expense ratio of 0.35%, while XCNS has an expense ratio of 0.19%.
What are the top holdings of MBAP and XCNS?
MBAP's largest holdings include NVIDIA Corp. and Apple, Inc.. XCNS's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: MBAP or XCNS?
MBAP holds 10098 securities, while XCNS holds 21780. On holdings count, XCNS is the more diversified portfolio.
Recent articles about MBAP and XCNS
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