VS
When evaluating costs, MCLV features a management fee (MER) of 0.45%, compared to 0.05% for XIC. Performance-wise, MCLV has returned 17.55% year-to-date with +$83 M in net flows, whereas XIC is at 15.2% with +$11 B. 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
MCLV
XIC
| AuM | $227.73 M | $36,582.72 M |
| Management Fees | 0.45% | 0.05% |
| Exp. ratio | 0.50% | 0.06% |
| Tracking Difference | - | -0.08% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MCLV | +2.10% | -0.79% | +17.55% | +22.82% | - |
XIC | -0.07% | +3.29% | +15.20% | +20.70% | +100.95% | |
| Flows | MCLV | +$31 M | +$38 M | +$83 M | +$83 M | - |
XIC | +$2,545 M | +$4,699 M | +$11,229 M | +$12,256 M | +$17,393 M |
MCLV vs XIC exposure
Countries
MCLV
Exposure data will be available soon
XIC
Canada
96.58%
Sectors
MCLV
Exposure data will be available soon
XIC
Finance
40.52%
Non-Energy Materials
18.87%
Energy
16.69%
Industrials
7.86%
Other
16.05%
As of October 16, 2026
Top 10 Holdings
MCLV
Exposure data will be available soon
XIC
Royal Bank of Canada
7.63%
The Toronto-Dominion Bank
5.40%
Shopify, Inc.
4.80%
Bank of Montreal
3.19%
The Bank of Nova Scotia
3.00%
Enbridge, Inc.
2.95%
Canadian Natural Resources Ltd.
2.79%
Canadian Imperial Bank of Commerce
2.79%
Agnico Eagle Mines Ltd.
2.75%
Brookfield Corp.
2.35%
Diversification
MCLV
Exposure data will be available soon
XIC
Total weight of top 10 holdings out of 217 total
37.65%
Characteristics
Compare
MCLV
XIC
| Provider | Mackenzie Investments | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.21% | 1.97% |
| Meets ESG criteria | Yes | No |
| Inception Date | June 6, 2024 | February 16, 2001 |
Frequently asked questions about MCLV and XIC
Which ETF has performed better year to date: MCLV or XIC?
As of October 16, 2026, MCLV has returned 17.55% year to date, while XIC has returned 15.20%. MCLV is ahead on YTD performance.
Which ETF is larger by assets under management: MCLV or XIC?
As of October 16, 2026, MCLV manages $227.73 M in assets, while XIC manages $36.58 B. XIC is the larger fund by AUM.
How are MCLV and XIC managed?
MCLV is actively managed by Mackenzie Investments. It does not track an index. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: MCLV or XIC?
Year to date, MCLV has seen +$82.54 M in net flows, compared with +$11,229.32 M for XIC. XIC has attracted more net investor money so far.
How do the fees of MCLV and XIC compare?
MCLV has an expense ratio of 0.50%, while XIC has an expense ratio of 0.06%.
Recent articles about MCLV and XIC
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