VS
Vanguard Conservative ETF Portfolio (VCNS) and Manulife Conservative ETF Portfolio (MCAP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VCNS focuses its top 3 sector exposures on Sovereign, Finance, and Municipal, while MCAP leans towards Finance, Sovereign, and Energy. When evaluating costs, VCNS features a management fee (MER) of 0.22%, compared to 0.35% for MCAP. 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
VCNS
MCAP
| AuM | $961.03 M | $23.63 M |
| Management Fees | 0.22% | 0.35% |
| Exp. ratio | 0.25% | 0.35% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VCNS | -1.74% | -1.44% | +4.74% | +6.65% | +35.97% |
MCAP | -1.56% | -1.23% | - | - | - | |
| Flows | VCNS | +$19 M | +$66 M | +$199 M | +$306 M | +$365 M |
MCAP | +$6 M | +$11 M | - | - | - |
VCNS vs MCAP exposure
Countries
VCNS
Canada
46.47%
USA
28.45%
Other
25.07%
MCAP
Canada
37.96%
Other
20.79%
USA
18.29%
Other
22.96%
Sectors
VCNS
Sovereign
25.41%
Finance
18.86%
Municipal
11.13%
Technology
10.75%
Other
33.85%
MCAP
Finance
24.48%
Other
20.79%
Sovereign
10.04%
Energy
8.08%
Technology
7.08%
Other
29.53%
As of September 14, 2026
Top 10 Holdings
VCNS
NVIDIA Corp.
1.17%
Apple, Inc.
1.15%
Royal Bank of Canada
1.04%
Microsoft Corp.
0.87%
The Toronto-Dominion Bank
0.71%
Amazon.com, Inc.
0.67%
Canada, Bonds 2.75% 1mar2031, CAD
0.64%
Canada, Bonds 2.75% 1sep2030, CAD
0.57%
Canada, Bonds 3.25% 1dec2035, CAD
0.55%
Canada, Bonds 3.25% 1jun2036, CAD
0.54%
MCAP
CA56501D1078
10.90%
CA56504C1068
5.01%
CA56503H1064
3.14%
NVIDIA Corp.
0.74%
Microsoft Corp.
0.52%
Apple, Inc.
0.50%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
0.48%
The Toronto-Dominion Bank
0.46%
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
0.45%
Fortified Trust, 4.419% 23dec2027, CAD (A)
0.44%
Diversification
VCNS
Total weight of top 10 holdings out of 33,981 total
7.91%
MCAP
Total weight of top 10 holdings out of 10,357 total
22.63%
Characteristics
Compare
VCNS
MCAP
| Provider | Vanguard | Manulife Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.51% | - |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2018 | April 28, 2026 |
Frequently asked questions about VCNS and MCAP
Which ETF is larger by assets under management: VCNS or MCAP?
As of September 14, 2026, VCNS manages $961.03 M in assets, while MCAP manages $23.63 M. VCNS is the larger fund by AUM.
How are VCNS and MCAP managed?
VCNS is actively managed by Vanguard. It does not track an index. MCAP is actively managed by Manulife Investments. It does not track an index.
What sectors do VCNS and MCAP emphasize?
VCNS is most exposed to Sovereign, Finance, and Municipal. MCAP is most exposed to Finance, Sovereign, and Energy.
How do the fees of VCNS and MCAP compare?
VCNS has an expense ratio of 0.25%, while MCAP has an expense ratio of 0.35%.
What are the top holdings of VCNS and MCAP?
VCNS's largest holdings include NVIDIA Corp. and Apple, Inc.. MCAP's top holdings include NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: VCNS or MCAP?
VCNS holds 28264 securities, while MCAP holds 10059. On holdings count, VCNS is the more diversified portfolio.
Recent articles about VCNS and MCAP
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