VS
Manulife Growth ETF Portfolio (MGAP) and iShares Balanced Income CorePortfolio Index ETF (XBAL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MGAP focuses its top 3 sector exposures on Finance, Technology, and Industrials, while XBAL leans towards Finance, Technology, and Sovereign. When evaluating costs, MGAP features a management fee (MER) of 0.35%, compared to 0.18% for XBAL. 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
MGAP
XBAL
| AuM | $22.11 M | $3,470.33 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. | MGAP | +1.26% | +0.95% | - | - | - |
XBAL | -1.15% | +0.67% | +8.99% | +14.97% | +49.82% | |
| Flows | MGAP | +$3 M | +$18 M | - | - | - |
XBAL | +$76 M | +$235 M | +$647 M | +$941 M | +$1,806 M |
MGAP vs XBAL exposure
Countries
MGAP
USA
29.35%
Canada
26.95%
Other
12.32%
Other
31.39%
XBAL
Canada
43.63%
USA
34.80%
Other
21.58%
Sectors
MGAP
Finance
22.87%
Technology
15.98%
Other
12.31%
Industrials
7.98%
Energy
7.22%
Other
33.65%
XBAL
Finance
24.28%
Technology
15.66%
Sovereign
11.66%
Industrials
7.53%
Other
40.88%
As of September 2, 2026
Top 10 Holdings
MGAP
CA56503H1064
5.21%
CA56501D1078
2.94%
CA56504C1068
1.98%
NVIDIA Corp.
1.62%
Microsoft Corp.
1.12%
Apple, Inc.
1.11%
Alphabet, Inc.
0.81%
Broadcom Inc.
0.80%
Amazon.com, Inc.
0.80%
The Toronto-Dominion Bank
0.63%
XBAL
Apple, Inc.
1.89%
NVIDIA Corp.
1.82%
Microsoft Corp.
1.29%
Royal Bank of Canada
1.28%
Amazon.com, Inc.
0.89%
The Toronto-Dominion Bank
0.87%
Alphabet, Inc.
0.76%
Broadcom Inc.
0.71%
Shopify, Inc.
0.65%
Alphabet, Inc.
0.61%
Diversification
MGAP
Total weight of top 10 holdings out of 12,606 total
17.04%
XBAL
Total weight of top 10 holdings out of 21,952 total
10.78%
Characteristics
Compare
MGAP
XBAL
| 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 | - | 2.20% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | June 21, 2007 |
Frequently asked questions about MGAP and XBAL
Which ETF is larger by assets under management: MGAP or XBAL?
As of September 2, 2026, MGAP manages $22.11 M in assets, while XBAL manages $3.47 B. XBAL is the larger fund by AUM.
How are MGAP and XBAL managed?
MGAP is actively managed by Manulife Investments. It does not track an index. XBAL is actively managed by iShares. It does not track an index.
What sectors do MGAP and XBAL emphasize?
MGAP is most exposed to Finance, Technology, and Industrials. XBAL is most exposed to Finance, Technology, and Sovereign.
How do the fees of MGAP and XBAL compare?
MGAP has an expense ratio of 0.35%, while XBAL has an expense ratio of 0.19%.
What are the top holdings of MGAP and XBAL?
MGAP's largest holdings include NVIDIA Corp. and Microsoft Corp.. XBAL's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: MGAP or XBAL?
MGAP holds 12112 securities, while XBAL holds 21780. On holdings count, XBAL is the more diversified portfolio.
Recent articles about MGAP and XBAL
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