VS
iShares Core Conservative Balanced ETF (XCNS) and Purpose Active Conservative Fund (PACF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XCNS focuses its top 3 sector exposures on Finance, Sovereign, and Technology, while PACF leans towards Finance, Sovereign, and Industrials. When evaluating costs, XCNS features a management fee (MER) of 0.18%, compared to 0.2% for PACF. Performance-wise, XCNS has returned 5.97% year-to-date with +$103 M in net flows, whereas PACF is at 6.19% with +$14 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
XCNS
PACF
| AuM | $432.28 M | $78.66 M |
| Management Fees | 0.18% | 0.20% |
| Exp. ratio | 0.19% | 0.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCNS | -1.08% | +0.03% | +5.97% | +10.49% | +37.24% |
PACF | -0.43% | +1.18% | +6.19% | +9.83% | - | |
| Flows | XCNS | +$11 M | +$34 M | +$103 M | +$150 M | +$271 M |
PACF | +$1 M | +$8 M | +$14 M | +$8 M | - |
XCNS vs PACF exposure
Countries
XCNS
Canada
54.21%
USA
30.16%
Other
15.62%
PACF
Canada
37.67%
USA
23.92%
Other
17.79%
Other
20.62%
Sectors
XCNS
Finance
23.83%
Sovereign
18.32%
Technology
10.86%
Municipal
10.56%
Other
36.42%
PACF
Finance
23.89%
Other
17.79%
Sovereign
11.48%
Other
46.84%
As of September 2, 2026
Top 10 Holdings
XCNS
Apple, Inc.
1.27%
NVIDIA Corp.
1.22%
Royal Bank of Canada
0.87%
Microsoft Corp.
0.87%
Amazon.com, Inc.
0.60%
The Toronto-Dominion Bank
0.59%
Canada, Bonds 2.75% 1mar2031, CAD
0.56%
Canada, Bonds 2.75% 1sep2030, CAD
0.56%
Canada, Bonds 3.25% 1dec2035, CAD
0.55%
Canada, Bonds 3.25% 1jun2035, CAD
0.52%
PACF
CA74643B1031
8.03%
CA55454N1042
3.82%
CA74642E3068
3.13%
USA, Bills 0% 17sep2026, USD (182D)
1.16%
Royal Bank of Canada
0.95%
USA, Bills 0% 18mar2027, USD (364D)
0.82%
Bank of Montreal
0.63%
The Bank of Nova Scotia
0.59%
CA74642X1069
0.59%
Canada, Bonds 2.5% 1nov2027, CAD
0.52%
Diversification
XCNS
Total weight of top 10 holdings out of 21,952 total
7.60%
PACF
Total weight of top 10 holdings out of 19,448 total
20.25%
Characteristics
Compare
XCNS
PACF
| Provider | iShares | Purpose 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 | 2.60% | 3.39% |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | October 13, 2023 |
Frequently asked questions about XCNS and PACF
Which ETF has performed better year to date: XCNS or PACF?
As of September 2, 2026, XCNS has returned 5.97% year to date, while PACF has returned 6.19%. PACF is ahead on YTD performance.
Which ETF is larger by assets under management: XCNS or PACF?
As of September 2, 2026, XCNS manages $432.28 M in assets, while PACF manages $78.66 M. XCNS is the larger fund by AUM.
How are XCNS and PACF managed?
XCNS is actively managed by iShares. It does not track an index. PACF is actively managed by Purpose Investments. It does not track an index.
What sectors do XCNS and PACF emphasize?
XCNS is most exposed to Finance, Sovereign, and Technology. PACF is most exposed to Finance, Sovereign, and Industrials.
Which ETF is attracting more investor flows: XCNS or PACF?
Year to date, XCNS has seen +$102.77 M in net flows, compared with +$14.40 M for PACF. XCNS has attracted more net investor money so far.
How do the fees of XCNS and PACF compare?
XCNS has an expense ratio of 0.19%, while PACF has an expense ratio of 0.46%.
What are the top holdings of XCNS and PACF?
XCNS's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. PACF's top holdings include USA, Bills 0% 17sep2026, USD (182D) and Royal Bank of Canada.
Which ETF is more diversified: XCNS or PACF?
XCNS holds 21780 securities, while PACF holds 16328. On holdings count, XCNS is the more diversified portfolio.
Recent articles about XCNS and PACF
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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.