VS
RBC Canadian Ultra Short Term Bond ETF (RUST) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RUST focuses its top 3 sector exposures on Banks, Pipelines, and Real estate investment and services, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, RUST features a management fee (MER) of 0.2%, compared to 0.05% for XIC. Performance-wise, RUST has returned 1.51% year-to-date with +$101 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
RUST
XIC
| AuM | $109.69 M | $31,310.89 M |
| Management Fees | 0.20% | 0.05% |
| Exp. ratio | 0.23% | 0.06% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RUST | +0.21% | +0.72% | +1.51% | +2.90% | - |
XIC | +0.59% | +3.22% | +12.50% | +31.70% | +89.28% | |
| Flows | RUST | +$25 M | +$46 M | +$101 M | +$107 M | - |
XIC | +$820 M | +$1,912 M | +$6,530 M | +$7,821 M | +$12,618 M |
RUST vs XIC exposure
Countries
RUST
Canada
95.22%
XIC
Canada
96.25%
Sectors
RUST
Banks
41.13%
Pipelines
17.69%
Real estate investment and services
11.96%
Insurance and reinsurance
11.06%
Other
18.16%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of July 17, 2026
Top 10 Holdings
RUST
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
7.28%
Pembina Pipeline Corporation, 3.71% 11aug2026, CAD (7)
6.67%
Bank of Montreal, 3.65% 1apr2027, CAD
5.48%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
5.44%
National Bank of Canada, 3.637% 7oct2027, CAD
5.33%
iA Financial Corporation, 3.072% 24sep2031, CAD
4.75%
SmartCentres REIT, 3.444% 28aug2026, CAD
4.64%
Dream Industrial REIT, 2.539% 7dec2026, CAD (D)
4.63%
Brookfield Corporation, 3.8% 16mar2027, CAD
4.54%
Toronto-Dominion Bank, 3.06% 26jan2032, CAD
4.44%
XIC
Royal Bank of Canada
8.22%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.97%
Bank of Montreal
3.52%
Enbridge, Inc.
3.36%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
3.01%
Brookfield Corp.
2.59%
Canadian Natural Resources Ltd.
2.35%
Agnico Eagle Mines Ltd.
2.25%
Diversification
RUST
Total weight of top 10 holdings out of 27 total
53.18%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
RUST
XIC
| Provider | RBC Global Asset Management | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.31% | 2.00% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | February 16, 2001 |
Frequently asked questions about RUST and XIC
Which ETF has performed better year to date: RUST or XIC?
As of July 17, 2026, RUST has returned 1.51% year to date, while XIC has returned 12.50%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: RUST or XIC?
As of July 17, 2026, RUST manages $109.69 M in assets, while XIC manages $31.31 B. XIC is the larger fund by AUM.
How are RUST and XIC managed?
RUST is actively managed by RBC Global Asset Management. 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.
What sectors do RUST and XIC emphasize?
RUST is most exposed to Banks, Pipelines, and Real estate investment and services. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: RUST or XIC?
Year to date, RUST has seen +$101.00 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 RUST and XIC compare?
RUST has an expense ratio of 0.23%, while XIC has an expense ratio of 0.06%.
What are the top holdings of RUST and XIC?
RUST's largest holdings include Royal Bank of Canada, 2.14% 3nov2031, CAD (24), Pembina Pipeline Corporation, 3.71% 11aug2026, CAD (7), and Bank of Montreal, 3.65% 1apr2027, CAD. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: RUST or XIC?
RUST holds 27 securities, while XIC holds 219. On holdings count, XIC is the more diversified portfolio.
Recent articles about RUST 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.