VS
Compare Vanguard FTSE Canada Index ETF (VCE) vs Manulife Multifactor Canadian Large Cap Index ETF (MCLC) to find the best fit for your portfolio. VCE and MCLC provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, VCE features a management fee (MER) of 0.05%, compared to 0.35% for MCLC. Performance-wise, VCE has returned 16.52% year-to-date with +$371 M in net flows, whereas MCLC is at 18.18% with +$104 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
VCE
MCLC
| AuM | $3,779.26 M | $546.16 M |
| Management Fees | 0.05% | 0.35% |
| Exp. ratio | 0.06% | 0.40% |
| Tracking Difference | 0.64% | -0.49% |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VCE | +2.46% | +2.78% | +16.52% | +22.95% | +103.03% |
MCLC | +1.11% | +3.37% | +18.18% | +23.73% | +98.41% | |
| Flows | VCE | +$14 M | +$78 M | +$371 M | +$436 M | +$955 M |
MCLC | -$3 M | -$19 M | +$104 M | +$99 M | -$7 M |
VCE vs MCLC exposure
Countries
VCE
Canada
97.29%
MCLC
Canada
98.06%
Sectors
VCE
Finance
44.28%
Energy
17.04%
Non-Energy Materials
16.20%
Industrials
7.22%
Other
15.26%
MCLC
Finance
37.55%
Energy
20.48%
Non-Energy Materials
18.22%
Other
23.74%
As of October 15, 2026
Top 10 Holdings
VCE
Royal Bank of Canada
8.76%
The Toronto-Dominion Bank
6.19%
Shopify, Inc.
5.53%
Bank of Montreal
3.69%
The Bank of Nova Scotia
3.45%
Enbridge, Inc.
3.39%
Canadian Imperial Bank of Commerce
3.19%
Agnico Eagle Mines Ltd.
3.16%
Canadian Natural Resources Ltd.
3.13%
Brookfield Corp.
2.64%
MCLC
The Toronto-Dominion Bank
4.24%
Royal Bank of Canada
4.21%
Suncor Energy, Inc.
4.02%
Cenovus Energy, Inc.
3.97%
Sun Life Financial, Inc.
3.36%
The Bank of Nova Scotia
3.24%
Bank of Montreal
3.20%
Agnico Eagle Mines Ltd.
3.06%
Brookfield Corp.
3.00%
Canadian Imperial Bank of Commerce
2.96%
Diversification
VCE
Total weight of top 10 holdings out of 85 total
43.13%
MCLC
Total weight of top 10 holdings out of 80 total
35.26%
Characteristics
Compare
VCE
MCLC
| Provider | Vanguard | Manulife Investments |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Domestic TR Index - CAD | John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.59% | 1.62% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | April 17, 2017 |
Frequently asked questions about VCE and MCLC
Which ETF has performed better year to date: VCE or MCLC?
As of October 15, 2026, VCE has returned 16.52% year to date, while MCLC has returned 18.18%. MCLC is ahead on YTD performance.
Which ETF is larger by assets under management: VCE or MCLC?
As of October 15, 2026, VCE manages $3.78 B in assets, while MCLC manages $546.16 M. VCE is the larger fund by AUM.
How are VCE and MCLC managed?
VCE is passively managed by Vanguard. It tracks the FTSE Canada Domestic TR Index - CAD benchmark. MCLC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD benchmark.
What sectors do VCE and MCLC emphasize?
VCE is most exposed to Finance, Energy, and Non-Energy Materials. MCLC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: VCE or MCLC?
Year to date, VCE has seen +$371.17 M in net flows, compared with +$103.93 M for MCLC. VCE has attracted more net investor money so far.
How do the fees of VCE and MCLC compare?
VCE has an expense ratio of 0.06%, while MCLC has an expense ratio of 0.40%.
What are the top holdings of VCE and MCLC?
VCE's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. MCLC's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Suncor Energy, Inc..
Which ETF is more diversified: VCE or MCLC?
VCE holds 84 securities, while MCLC holds 80. On holdings count, VCE is the more diversified portfolio.
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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.