VS
TD Q U.S. Small-Mid-Cap Equity ETF (TQSM) and iShares S&P U.S. Mid-Cap Index ETF (XMC.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TQSM focuses its top 3 sector exposures on Finance, Technology, and Industrials, while XMC.U leans towards Finance, Industrials, and Technology. When evaluating costs, TQSM features a management fee (MER) of 0.4%, compared to 0.15% for XMC.U. Performance-wise, TQSM has returned 15.27% year-to-date with +$402 M in net flows, whereas XMC.U is at 9.89% with +$6 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
TQSM
XMC.U
| AuM | $1,100.54 M | $41.12 M |
| Management Fees | 0.40% | 0.15% |
| Exp. ratio | 0.45% | 0.16% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TQSM | -5.76% | -5.13% | +15.27% | +14.59% | +50.81% |
XMC.U | -2.56% | -5.82% | +9.89% | +13.49% | +51.79% | |
| Flows | TQSM | +$52 M | +$144 M | +$402 M | +$438 M | +$836 M |
XMC.U | +$3 M | +$4 M | +$6 M | +$5 M | +$29 M |
TQSM vs XMC.U exposure
Countries
TQSM
USA
95.15%
XMC.U
USA
96.19%
Sectors
TQSM
Finance
22.06%
Technology
18.43%
Industrials
13.76%
Non-Energy Materials
8.88%
Healthcare
8.81%
Other
28.06%
XMC.U
Finance
22.43%
Industrials
16.46%
Technology
15.76%
Non-Energy Materials
10.10%
Healthcare
10.06%
Other
25.20%
As of November 6, 2026
Top 10 Holdings
TQSM
Dynatrace, Inc.
1.36%
HF Sinclair Corp.
1.29%
Medpace Holdings, Inc.
1.27%
Equitable Holdings, Inc.
1.26%
Exelixis, Inc.
1.26%
Reinsurance Group of America, Inc.
1.24%
ATI, Inc.
1.21%
Everpure, Inc.
1.19%
StoneX Group, Inc.
1.17%
US Foods Holding Corp.
1.13%
XMC.U
US4642875078
99.93%
Diversification
TQSM
Total weight of top 10 holdings out of 293 total
12.37%
XMC.U
Total weight of top 10 holdings out of 401 total
99.93%
Characteristics
Compare
TQSM
XMC.U
| Provider | TD Asset Management | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P MidCap 400 Index - CAD |
| Replication Method | - | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.42% | 0.97% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | October 22, 2019 |
Frequently asked questions about TQSM and XMC.U
Which ETF has performed better year to date: TQSM or XMC.U?
As of November 6, 2026, TQSM has returned 15.27% year to date, while XMC.U has returned 9.89%. TQSM is ahead on YTD performance.
Which ETF is larger by assets under management: TQSM or XMC.U?
As of November 6, 2026, TQSM manages $1.10 B in assets, while XMC.U manages $41.12 M. TQSM is the larger fund by AUM.
How are TQSM and XMC.U managed?
TQSM is actively managed by TD Asset Management. It does not track an index. XMC.U is passively managed by iShares. It tracks the S&P MidCap 400 Index - CAD benchmark.
Which ETF is more diversified: TQSM or XMC.U?
TQSM holds 293 securities, while XMC.U holds 1. On holdings count, TQSM is the more diversified portfolio.
Which ETF is attracting more investor flows: TQSM or XMC.U?
Year to date, TQSM has seen +$402.30 M in net flows, compared with +$6.34 M for XMC.U. TQSM has attracted more net investor money so far.
How do the fees of TQSM and XMC.U compare?
TQSM has an expense ratio of 0.45%, while XMC.U has an expense ratio of 0.16%.
What sectors do TQSM and XMC.U emphasize?
TQSM is most exposed to Finance, Technology, and Industrials. XMC.U is most exposed to Finance, Industrials, and Technology.
Recent articles about TQSM and XMC.U
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