VS
When evaluating costs, MREL features a management fee (MER) of 0.75%, compared to 0.05% for XIC. Performance-wise, MREL has returned 12.22% year-to-date with +$8 M in net flows, whereas XIC is at 10.34% with +$6 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
MREL
XIC
| AuM | $166.39 M | $29,994.00 M |
| Management Fees | 0.75% | 0.05% |
| Exp. ratio | 1.21% | 0.06% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MREL | +3.09% | +8.47% | +12.22% | +18.56% | +42.77% |
XIC | +1.77% | +5.27% | +10.34% | +33.79% | +89.23% | |
| Flows | MREL | +$2 M | +$2 M | +$8 M | +$13 M | +$46 M |
XIC | +$408 M | +$2,783 M | +$5,643 M | +$7,720 M | +$11,682 M |
MREL vs XIC exposure
Countries
MREL
Exposure data will be available soon
XIC
Canada
99.06%
Sectors
MREL
Exposure data will be available soon
XIC
Financials
29.96%
Energy
17.73%
Materials
14.57%
Other
13.30%
Other
24.44%
As of June 11, 2026
Top 10 Holdings
MREL
Exposure data will be available soon
XIC
ROYAL BK CANADA
7.02%
TORONTO DOMINION
5.05%
SHOPIFY SUBORDINATE VOTING
4.16%
ENBRIDGE
3.38%
BANK OF MONTREAL
3.00%
CDN IMPERIAL BK
2.89%
CA11271J1075
2.78%
CDN NATURAL RESOURCE
2.78%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.63%
Diversification
MREL
Exposure data will be available soon
XIC
Total weight of top 10 holdings out of 221 total
36.37%
Characteristics
Compare
MREL
XIC
| Provider | Middlefield | 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 | 6.59% | 2.03% |
| Meets ESG criteria | No | No |
| Inception Date | April 19, 2011 | February 16, 2001 |
Frequently asked questions about MREL and XIC
Which ETF has performed better year to date: MREL or XIC?
As of June 11, 2026, MREL has returned 12.22% year to date, while XIC has returned 10.34%. MREL is ahead on YTD performance.
Which ETF is larger by assets under management: MREL or XIC?
As of June 11, 2026, MREL manages $166.39 M in assets, while XIC manages $29.99 B. XIC is the larger fund by AUM.
How are MREL and XIC managed?
MREL is actively managed by Middlefield. 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: MREL or XIC?
Year to date, MREL has seen +$7.51 M in net flows, compared with +$5,643.19 M for XIC. XIC has attracted more net investor money so far.
How do the fees of MREL and XIC compare?
MREL has an expense ratio of 1.21%, while XIC has an expense ratio of 0.06%.
Recent articles about MREL and XIC
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