VS
TD Conservative ETF Portfolio (TCON) and iShares Core Conservative Balanced ETF (XCNS) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TCON focuses its top 3 sector exposures on Sovereign, Finance, and Municipal, while XCNS leans towards Finance, Sovereign, and Technology. When evaluating costs, TCON features a management fee (MER) of 0.27%, compared to 0.18% for XCNS. Performance-wise, TCON has returned 5.99% year-to-date with +$52 M in net flows, whereas XCNS is at 6.07% with +$117 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
TCON
XCNS
| AuM | $137.85 M | $443.98 M |
| Management Fees | 0.27% | 0.18% |
| Exp. ratio | 0.17% | 0.18% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCON | +1.31% | +0.38% | +5.99% | +6.12% | +38.16% |
XCNS | +0.99% | +0.07% | +6.07% | +6.38% | +40.61% | |
| Flows | TCON | +$3 M | +$10 M | +$52 M | +$66 M | +$110 M |
XCNS | +$12 M | +$30 M | +$117 M | +$150 M | +$287 M |
TCON vs XCNS exposure
Countries
TCON
Canada
72.71%
USA
16.17%
Other
11.12%
XCNS
Canada
54.65%
USA
30.56%
Other
14.78%
Sectors
TCON
Sovereign
21.29%
Finance
17.74%
Municipal
16.50%
Technology
8.83%
Other
35.64%
XCNS
Finance
23.22%
Sovereign
18.62%
Technology
11.13%
Municipal
10.80%
Other
36.23%
As of October 16, 2026
Top 10 Holdings
TCON
NVIDIA Corp.
1.15%
Royal Bank of Canada
1.13%
Apple, Inc.
1.02%
Canada, Bonds 3.25% 1dec2035, CAD
0.94%
Canada, Bonds 2.75% 1sep2030, CAD
0.89%
Canada, Bond 1.5 1jun2031 10Y
0.86%
Microsoft Corp.
0.83%
Canada, Bonds 1.5% 1dec2031 10Y
0.80%
Canada, Bonds 2.75% 1mar2031, CAD
0.80%
The Toronto-Dominion Bank
0.79%
XCNS
NVIDIA Corp.
1.36%
Apple, Inc.
1.19%
Microsoft Corp.
0.96%
Royal Bank of Canada
0.76%
Amazon.com, Inc.
0.65%
Canada, Bonds 2.75% 1sep2030, CAD
0.58%
Canada, Bonds 2.75% 1mar2031, CAD
0.57%
Canada, Bonds 3.25% 1dec2035, CAD
0.56%
Canada, Bonds 3.25% 1jun2036, CAD
0.55%
The Toronto-Dominion Bank
0.54%
Diversification
TCON
Total weight of top 10 holdings out of 3,314 total
9.23%
XCNS
Total weight of top 10 holdings out of 21,879 total
7.72%
Characteristics
Compare
TCON
XCNS
| Provider | TD Asset Management | iShares |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.08% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | August 18, 2020 | August 7, 2019 |
Frequently asked questions about TCON and XCNS
Which ETF has performed better year to date: TCON or XCNS?
As of October 16, 2026, TCON has returned 5.99% year to date, while XCNS has returned 6.07%. XCNS is ahead on YTD performance.
Which ETF is larger by assets under management: TCON or XCNS?
As of October 16, 2026, TCON manages $137.85 M in assets, while XCNS manages $443.98 M. XCNS is the larger fund by AUM.
How are TCON and XCNS managed?
TCON is actively managed by TD Asset Management. It does not track an index. XCNS is actively managed by iShares. It does not track an index.
What sectors do TCON and XCNS emphasize?
TCON is most exposed to Sovereign, Finance, and Municipal. XCNS is most exposed to Finance, Sovereign, and Technology.
Which ETF is attracting more investor flows: TCON or XCNS?
Year to date, TCON has seen +$51.97 M in net flows, compared with +$116.58 M for XCNS. XCNS has attracted more net investor money so far.
How do the fees of TCON and XCNS compare?
TCON has an expense ratio of 0.17%, while XCNS has an expense ratio of 0.18%.
What are the top holdings of TCON and XCNS?
TCON's largest holdings include NVIDIA Corp., Royal Bank of Canada, and Apple, Inc.. XCNS's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: TCON or XCNS?
TCON holds 3271 securities, while XCNS holds 21552. On holdings count, XCNS is the more diversified portfolio.
Recent articles about TCON and XCNS
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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.