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Compare Manulife Multifactor Canadian Large Cap Index ETF (MCLC) vs Harvest Low Volatility Canadian Equity ETF (HVOL) to find the best fit for your portfolio. MCLC provides Finance, Energy, and Non-Energy Materials exposures, while HVOL is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, MCLC features a management fee (MER) of 0.35%, compared to 0.35% for HVOL. Performance-wise, MCLC has returned 14.81% year-to-date with +$104 M in net flows, whereas HVOL is at 9.67% with -$0 M. 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
MCLC
HVOL
| AuM | $530.59 M | $4.94 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.40% | 0.35% |
| Tracking Difference | -0.49% | - |
Historical performance and flows
As of October 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MCLC | -1.75% | +2.25% | +14.81% | +21.99% | +97.59% |
HVOL | -2.02% | -1.90% | +9.67% | +12.51% | - | |
| Flows | MCLC | -$0 M | -$22 M | +$104 M | +$101 M | -$9 M |
HVOL | -$3 M | +$1 M | -$0 M | +$0 M | - |
MCLC vs HVOL exposure
Countries
MCLC
Canada
98.06%
HVOL
Canada
96.19%
Sectors
MCLC
Finance
37.55%
Energy
20.48%
Non-Energy Materials
18.22%
Other
23.74%
HVOL
Finance
39.31%
Energy
12.89%
Industrials
9.89%
Non-Energy Materials
7.52%
Utilities
7.18%
Other
23.20%
As of October 1, 2026
Top 10 Holdings
MCLC
The Toronto-Dominion Bank
4.24%
Royal Bank of Canada
4.21%
Suncor Energy, Inc.
4.02%
Cenovus Energy, Inc.
3.97%
Sun Life Financial, Inc.
3.36%
The Bank of Nova Scotia
3.24%
Bank of Montreal
3.20%
Agnico Eagle Mines Ltd.
3.06%
Brookfield Corp.
3.00%
Canadian Imperial Bank of Commerce
2.96%
HVOL
The Bank of Nova Scotia
4.66%
The Toronto-Dominion Bank
4.55%
Royal Bank of Canada
4.54%
Canadian Pacific Kansas City Ltd.
4.06%
Canadian Imperial Bank of Commerce
4.02%
National Bank of Canada
3.98%
Bank of Montreal
3.95%
Canadian National Railway Co.
3.63%
Sun Life Financial, Inc.
3.59%
Fortis, Inc.
3.37%
Diversification
MCLC
Total weight of top 10 holdings out of 80 total
35.26%
HVOL
Total weight of top 10 holdings out of 40 total
40.35%
Characteristics
Compare
MCLC
HVOL
| Provider | Manulife Investments | Harvest Portfolios Group |
| Management | Passively managed | Actively managed |
| Benchmark | John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.67% | 1.78% |
| Meets ESG criteria | No | No |
| Inception Date | April 17, 2017 | April 15, 2025 |
Frequently asked questions about MCLC and HVOL
Which ETF has performed better year to date: MCLC or HVOL?
As of October 1, 2026, MCLC has returned 14.81% year to date, while HVOL has returned 9.67%. MCLC is ahead on YTD performance.
Which ETF is larger by assets under management: MCLC or HVOL?
As of October 1, 2026, MCLC manages $530.59 M in assets, while HVOL manages $4.94 M. MCLC is the larger fund by AUM.
How are MCLC and HVOL managed?
MCLC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD benchmark. HVOL is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do MCLC and HVOL emphasize?
MCLC is most exposed to Finance, Energy, and Non-Energy Materials. HVOL is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: MCLC or HVOL?
Year to date, MCLC has seen +$103.94 M in net flows, compared with -$0.40 M for HVOL. MCLC has attracted more net investor money so far.
How do the fees of MCLC and HVOL compare?
MCLC has an expense ratio of 0.40%, while HVOL has an expense ratio of 0.35%.
What are the top holdings of MCLC and HVOL?
MCLC's largest holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Suncor Energy, Inc.. HVOL's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: MCLC or HVOL?
MCLC holds 80 securities, while HVOL holds 40. On holdings count, MCLC is the more diversified portfolio.
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