VS
Compare Mackenzie Canadian Equity Index ETF (QCN) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. QCN and XIC provide the same top sector exposures: Financials, Energy, and Materials. When evaluating costs, QCN features a management fee (MER) of 0.04%, compared to 0.05% for XIC. Performance-wise, QCN has returned 10.3% year-to-date with +$502 M in net flows, whereas XIC is at 11.19% 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
QCN
XIC
| AuM | $5,474.98 M | $30,257.63 M |
| Management Fees | 0.04% | 0.05% |
| Exp. ratio | 0.04% | 0.06% |
| Tracking Difference | -0.18% | -0.11% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QCN | +1.62% | +5.22% | +10.30% | +33.84% | +89.90% |
XIC | +2.09% | +6.97% | +11.19% | +34.35% | +90.68% | |
| Flows | QCN | +$93 M | +$425 M | +$502 M | +$2,482 M | +$2,910 M |
XIC | +$420 M | +$2,784 M | +$5,677 M | +$7,745 M | +$11,716 M |
QCN vs XIC exposure
Countries
QCN
Canada
99.90%
XIC
Canada
99.06%
Sectors
QCN
Financials
30.08%
Energy
17.66%
Materials
14.92%
Other
13.54%
Other
23.79%
XIC
Financials
29.96%
Energy
17.73%
Materials
14.57%
Other
13.30%
Other
24.44%
As of June 11, 2026
Top 10 Holdings
QCN
ROYAL BK CANADA
7.01%
TORONTO DOMINION
5.06%
SHOPIFY SUBORDINATE VOTING
3.98%
ENBRIDGE
3.37%
BANK OF MONTREAL
3.01%
CDN IMPERIAL BK
2.88%
CA11271J1075
2.78%
CDN NATURAL RESOURCE
2.71%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.63%
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
QCN
Total weight of top 10 holdings out of 318 total
36.10%
XIC
Total weight of top 10 holdings out of 221 total
36.37%
Characteristics
Compare
QCN
XIC
| Provider | Mackenzie Investments | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Broad Market Index NTR - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.97% | 2.01% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | February 16, 2001 |
Frequently asked questions about QCN and XIC
Which ETF has performed better year to date: QCN or XIC?
As of June 11, 2026, QCN has returned 10.30% year to date, while XIC has returned 11.19%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: QCN or XIC?
As of June 11, 2026, QCN manages $5.47 B in assets, while XIC manages $30.26 B. XIC is the larger fund by AUM.
How are QCN and XIC managed?
QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do QCN and XIC emphasize?
QCN is most exposed to Financials, Energy, and Materials. XIC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: QCN or XIC?
Year to date, QCN has seen +$502.47 M in net flows, compared with +$5,676.75 M for XIC. XIC has attracted more net investor money so far.
How do the fees of QCN and XIC compare?
QCN has an expense ratio of 0.04%, while XIC has an expense ratio of 0.06%.
What are the top holdings of QCN and XIC?
QCN's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. XIC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: QCN or XIC?
QCN holds 266 securities, while XIC holds 193. On holdings count, QCN is the more diversified portfolio.
Recent articles about QCN and XIC
Lowest Cost ETFs for Canadians in 2023
Low-cost ETFs are a great way to grow capital. Find out more about the lowest-cost ETFs for Canadian investors.
Posted on 2/21/2023 by ETF Market Canada inETFs
The Top Canadian ETFs by AUM in 2023
These ETFs rank among the largest in the Canadian industry.
Posted on 1/11/2023 by Tony Dong inETFs
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.