VS
When evaluating costs, MGDV features a management fee (MER) of 0.8%, compared to 0.05% for XIC. Performance-wise, MGDV has returned 8.81% year-to-date with +$9 M in net flows, whereas XIC is at 12.5% with +$7 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
MGDV
XIC
| AuM | $378.55 M | $31,310.89 M |
| Management Fees | 0.80% | 0.05% |
| Exp. ratio | 0.89% | 0.06% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of July 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MGDV | +1.22% | +6.09% | +8.81% | +15.57% | - |
XIC | +0.59% | +3.22% | +12.50% | +31.70% | +89.28% | |
| Flows | MGDV | +$0 M | -$34 M | +$9 M | +$28 M | - |
XIC | +$820 M | +$1,912 M | +$6,530 M | +$7,821 M | +$12,618 M |
MGDV vs XIC exposure
Countries
MGDV
Exposure data will be available soon
XIC
Canada
96.41%
Sectors
MGDV
Exposure data will be available soon
XIC
Finance
39.60%
Non-Energy Materials
18.18%
Energy
16.99%
Industrials
8.23%
Other
16.99%
As of July 16, 2026
Top 10 Holdings
MGDV
Exposure data will be available soon
XIC
Royal Bank of Canada
7.42%
The Toronto-Dominion Bank
5.32%
Shopify, Inc.
4.05%
Enbridge, Inc.
3.32%
Bank of Montreal
3.18%
Canadian Imperial Bank of Commerce
2.81%
Brookfield Corp.
2.78%
The Bank of Nova Scotia
2.74%
Canadian Natural Resources Ltd.
2.62%
Agnico Eagle Mines Ltd.
2.55%
Diversification
MGDV
Exposure data will be available soon
XIC
Total weight of top 10 holdings out of 220 total
36.78%
Characteristics
Compare
MGDV
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 | 0.83% | 2.00% |
| Meets ESG criteria | Yes | No |
| Inception Date | June 6, 2024 | February 16, 2001 |
Frequently asked questions about MGDV and XIC
Which ETF has performed better year to date: MGDV or XIC?
As of July 16, 2026, MGDV has returned 8.81% year to date, while XIC has returned 12.50%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: MGDV or XIC?
As of July 16, 2026, MGDV manages $378.55 M in assets, while XIC manages $31.31 B. XIC is the larger fund by AUM.
How are MGDV and XIC managed?
MGDV 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: MGDV or XIC?
Year to date, MGDV has seen +$8.79 M in net flows, compared with +$6,530.40 M for XIC. XIC has attracted more net investor money so far.
How do the fees of MGDV and XIC compare?
MGDV has an expense ratio of 0.89%, while XIC has an expense ratio of 0.06%.
Recent articles about MGDV and XIC
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.