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Compare RBC Quant Canadian Dividend Leaders ETF (RCD) vs iShares ESG MSCI Canada Index ETF (XESG) to find the best fit for your portfolio. RCD provides Finance, Energy, and Non-Energy Materials exposures, while XESG is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, RCD features a management fee (MER) of 0.39%, compared to 0.15% for XESG. Performance-wise, RCD has returned 17.43% year-to-date with +$78 M in net flows, whereas XESG is at 15.97% with +$22 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
RCD
XESG
| AuM | $435.53 M | $655.77 M |
| Management Fees | 0.39% | 0.15% |
| Exp. ratio | 0.43% | 0.17% |
| Tracking Difference | - | -0.21% |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RCD | +2.72% | +3.05% | +17.43% | +24.14% | +111.13% |
XESG | +1.82% | +2.42% | +15.97% | +21.53% | +107.15% | |
| Flows | RCD | +$6 M | +$19 M | +$78 M | +$95 M | +$181 M |
XESG | -$0 M | -$11 M | +$22 M | +$8 M | +$30 M |
RCD vs XESG exposure
Countries
RCD
Canada
99.27%
XESG
Canada
98.37%
Sectors
RCD
Finance
38.08%
Energy
20.27%
Non-Energy Materials
17.02%
Other
24.62%
XESG
Finance
44.41%
Non-Energy Materials
20.44%
Energy
17.13%
Other
18.03%
As of October 27, 2026
Top 10 Holdings
RCD
The Toronto-Dominion Bank
6.38%
The Bank of Nova Scotia
6.30%
Royal Bank of Canada
5.99%
Bank of Montreal
5.29%
TC Energy Corp.
4.86%
Canadian Natural Resources Ltd.
4.60%
Manulife Financial Corp.
4.26%
Constellation Software, Inc.
4.12%
Kinross Gold Corp.
4.09%
Barrick Mining Corp.
4.04%
XESG
Royal Bank of Canada
8.13%
The Toronto-Dominion Bank
5.93%
Shopify, Inc.
4.85%
The Bank of Nova Scotia
3.88%
Enbridge, Inc.
3.76%
Canadian Imperial Bank of Commerce
3.34%
Wheaton Precious Metals Corp.
3.00%
Bank of Montreal
2.94%
Canadian Natural Resources Ltd.
2.90%
Agnico Eagle Mines Ltd.
2.87%
Diversification
RCD
Total weight of top 10 holdings out of 66 total
49.92%
XESG
Total weight of top 10 holdings out of 130 total
41.59%
Characteristics
Compare
RCD
XESG
| Provider | RBC Global Asset Management | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada IMI Extended ESG Focus Gross Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.69% | 1.90% |
| Meets ESG criteria | No | Yes |
| Inception Date | January 15, 2014 | March 18, 2019 |
Frequently asked questions about RCD and XESG
Which ETF has performed better year to date: RCD or XESG?
As of October 27, 2026, RCD has returned 17.43% year to date, while XESG has returned 15.97%. RCD is ahead on YTD performance.
Which ETF is larger by assets under management: RCD or XESG?
As of October 27, 2026, RCD manages $435.53 M in assets, while XESG manages $655.77 M. XESG is the larger fund by AUM.
How are RCD and XESG managed?
RCD is actively managed by RBC Global Asset Management. It does not track an index. XESG is passively managed by iShares. It tracks the MSCI Canada IMI Extended ESG Focus Gross Return Index - CAD benchmark.
What sectors do RCD and XESG emphasize?
RCD is most exposed to Finance, Energy, and Non-Energy Materials. XESG is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: RCD or XESG?
Year to date, RCD has seen +$78.29 M in net flows, compared with +$21.69 M for XESG. RCD has attracted more net investor money so far.
How do the fees of RCD and XESG compare?
RCD has an expense ratio of 0.43%, while XESG has an expense ratio of 0.17%.
What are the top holdings of RCD and XESG?
RCD's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Royal Bank of Canada. XESG's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: RCD or XESG?
RCD holds 66 securities, while XESG holds 130. On holdings count, XESG is the more diversified portfolio.
Recent articles about RCD and XESG
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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.


