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Compare iShares S&P/TSX Small Cap Index ETF (XCS) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. XCS provides Materials, Energy, and Real Estate exposures, while XIC is primarily weighted in Financials, Energy, and Materials. When evaluating costs, XCS features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, XCS has returned 22.62% year-to-date with +$2 M in net flows, whereas XIC is at 8.12% with +$5 B. 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
XCS
XIC
| AuM | $270.11 M | $29,117.97 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.60% | 0.06% |
| Tracking Difference | -1.13% | -0.12% |
Historical performance and flows
As of May 13, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCS | +5.08% | +8.49% | +22.62% | +78.44% | +120.72% |
XIC | +0.57% | +3.50% | +8.12% | +36.05% | +80.24% | |
| Flows | XCS | +$11 M | +$19 M | +$2 M | +$7 M | +$9 M |
XIC | +$823 M | +$2,591 M | +$5,366 M | +$7,902 M | +$11,328 M |
XCS vs XIC exposure
Countries
XCS
Canada
99.22%
XIC
Canada
98.95%
Sectors
XCS
Materials
23.32%
Energy
22.51%
Other
14.43%
Real Estate
9.22%
Industrials
8.90%
Other
21.62%
XIC
Financials
28.13%
Energy
18.01%
Materials
15.92%
Other
13.03%
Other
24.92%
As of May 13, 2026
Top 10 Holdings
XCS
TAMARACK VALLEY ENERGY
1.89%
METHANEX
1.87%
ATHABASCA OIL
1.83%
SPROTT
1.44%
CA3499421020
1.43%
DENISON MINES
1.40%
CA01921D2041
1.40%
BAYTEX ENERGY
1.38%
KINAXIS
1.32%
CA8139211038
1.32%
XIC
ROYAL BK CANADA
6.69%
TORONTO DOMINION
4.64%
SHOPIFY SUBORDINATE VOTING
4.31%
ENBRIDGE
3.50%
AGNICO EAGLE MINES LTD
3.01%
CDN NATURAL RESOURCE
3.01%
BANK OF MONTREAL
2.83%
CA11271J1075
2.65%
CDN IMPERIAL BK
2.61%
BNS
2.53%
Diversification
XCS
Total weight of top 10 holdings out of 233 total
15.28%
XIC
Total weight of top 10 holdings out of 221 total
35.80%
Characteristics
Compare
XCS
XIC
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Smallcap Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.04% | 2.07% |
| Meets ESG criteria | No | No |
| Inception Date | May 14, 2007 | February 16, 2001 |
Frequently asked questions about XCS and XIC
Which ETF has performed better year to date: XCS or XIC?
As of May 13, 2026, XCS has returned 22.62% year to date, while XIC has returned 8.12%. XCS is ahead on YTD performance.
Which ETF is larger by assets under management: XCS or XIC?
As of May 13, 2026, XCS manages $270.11 M in assets, while XIC manages $29.12 B. XIC is the larger fund by AUM.
How are XCS and XIC managed?
XCS is passively managed by iShares. It tracks the S&P/TSX Smallcap Total Return Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do XCS and XIC emphasize?
XCS is most exposed to Materials, Energy, and Real Estate. XIC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: XCS or XIC?
Year to date, XCS has seen +$1.68 M in net flows, compared with +$5,366.01 M for XIC. XIC has attracted more net investor money so far.
How do the fees of XCS and XIC compare?
XCS has an expense ratio of 0.60%, while XIC has an expense ratio of 0.06%.
What are the top holdings of XCS and XIC?
XCS's largest holdings include TAMARACK VALLEY ENERGY and METHANEX. XIC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: XCS or XIC?
XCS holds 198 securities, while XIC holds 193. On holdings count, XCS is the more diversified portfolio.
Recent articles about XCS and XIC
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