VS
Manulife Multifactor U.S. Small Cap Index ETF (MUSC) and iShares S&P U.S. Small-Cap Index ETF (XSMC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MUSC focuses its top 3 sector exposures on Finance, Industrials, and Technology, while XSMC leans towards Finance, Technology, and Industrials. When evaluating costs, MUSC features a management fee (MER) of 0.5%, compared to 0.2% for XSMC. Performance-wise, MUSC has returned 13.84% year-to-date with +$0 M in net flows, whereas XSMC is at 24.17% with +$11 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
MUSC
XSMC
| AuM | $4.03 M | $100.75 M |
| Management Fees | 0.50% | 0.20% |
| Exp. ratio | 0.55% | 0.21% |
| Tracking Difference | 0.05% | - |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MUSC | +0.38% | +2.91% | +13.84% | +19.98% | +36.05% |
XSMC | +0.59% | +9.88% | +24.17% | +34.66% | +55.15% | |
| Flows | MUSC | +$0 M | +$0 M | +$0 M | +$2 M | +$2 M |
XSMC | +$3 M | +$6 M | +$11 M | +$12 M | +$43 M |
MUSC vs XSMC exposure
Countries
MUSC
USA
96.11%
XSMC
USA
99.41%
Sectors
MUSC
Finance
26.17%
Industrials
13.86%
Technology
11.45%
Non-Energy Materials
8.81%
Consumer Cyclicals
8.62%
Healthcare
8.36%
Other
22.72%
XSMC
Finance
25.45%
Technology
13.58%
Industrials
12.67%
Healthcare
12.19%
Consumer Cyclicals
7.93%
Other
28.18%
As of July 20, 2026
Top 10 Holdings
MUSC
Element Solutions, Inc.
0.61%
Arrow Electronics, Inc.
0.59%
Littelfuse, Inc.
0.57%
Sanmina Corp.
0.54%
Ryder System, Inc.
0.53%
Krystal Biotech, Inc.
0.53%
The Timken Co.
0.51%
Semtech Corp.
0.50%
AAON, Inc.
0.48%
Affiliated Managers Group, Inc.
0.47%
XSMC
BlackRock Cash Funds - Treasury
1.96%
FormFactor, Inc.
0.67%
ViaSat, Inc.
0.66%
Molina Healthcare, Inc.
0.64%
Argan, Inc.
0.60%
BrightSpring Health Services, Inc.
0.60%
Element Solutions, Inc.
0.59%
MaxLinear, Inc.
0.58%
Krystal Biotech, Inc.
0.53%
ESCO Technologies, Inc.
0.49%
Diversification
MUSC
Total weight of top 10 holdings out of 486 total
5.32%
XSMC
Total weight of top 10 holdings out of 604 total
7.33%
Characteristics
Compare
MUSC
XSMC
| Provider | Manulife Investments | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | John Hancock Dimensional Small Cap Index Total Return Hedged to CAD - CAD | S&P SmallCap 600 Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.20% | 0.88% |
| Meets ESG criteria | No | No |
| Inception Date | November 27, 2017 | September 10, 2019 |
Frequently asked questions about MUSC and XSMC
Which ETF has performed better year to date: MUSC or XSMC?
As of July 20, 2026, MUSC has returned 13.84% year to date, while XSMC has returned 24.17%. XSMC is ahead on YTD performance.
Which ETF is larger by assets under management: MUSC or XSMC?
As of July 20, 2026, MUSC manages $4.03 M in assets, while XSMC manages $100.75 M. XSMC is the larger fund by AUM.
How are MUSC and XSMC managed?
MUSC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Small Cap Index Total Return Hedged to CAD - CAD benchmark. XSMC is passively managed by iShares. It tracks the S&P SmallCap 600 Index - USD benchmark.
What sectors do MUSC and XSMC emphasize?
MUSC is most exposed to Finance, Industrials, and Technology. XSMC is most exposed to Finance, Technology, and Industrials.
Which ETF is attracting more investor flows: MUSC or XSMC?
Year to date, MUSC has seen +$0.04 M in net flows, compared with +$10.69 M for XSMC. XSMC has attracted more net investor money so far.
How do the fees of MUSC and XSMC compare?
MUSC has an expense ratio of 0.55%, while XSMC has an expense ratio of 0.21%.
What are the top holdings of MUSC and XSMC?
MUSC's largest holdings include Element Solutions, Inc., Arrow Electronics, Inc., and Littelfuse, Inc.. XSMC's top holdings include BlackRock Cash Funds - Treasury, FormFactor, Inc., and ViaSat, Inc..
Which ETF is more diversified: MUSC or XSMC?
MUSC holds 482 securities, while XSMC holds 602. On holdings count, XSMC is the more diversified portfolio.
Recent articles about MUSC and XSMC
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