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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 Non-Energy Materials, Energy, and Finance exposures, while XIC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, XCS features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, XCS has returned 21.69% year-to-date with -$9 M in net flows, whereas XIC is at 14.63% with +$9 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 | $255.23 M | $34,026.14 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.60% | 0.06% |
| Tracking Difference | -0.93% | -0.09% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCS | -0.80% | +2.28% | +21.69% | +40.57% | +116.68% |
XIC | -1.33% | +2.95% | +14.63% | +24.30% | +89.35% | |
| Flows | XCS | +$0 M | -$7 M | -$9 M | -$9 M | -$1 M |
XIC | +$1,388 M | +$2,850 M | +$8,685 M | +$9,109 M | +$14,851 M |
XCS vs XIC exposure
Countries
XCS
Canada
95.11%
XIC
Canada
96.46%
Sectors
XCS
Non-Energy Materials
30.88%
Energy
20.03%
Finance
16.41%
Industrials
12.20%
Other
20.47%
XIC
Finance
41.74%
Energy
17.17%
Non-Energy Materials
15.75%
Industrials
8.14%
Other
17.19%
As of September 17, 2026
Top 10 Holdings
XCS
BlackBerry Ltd.
2.16%
Tamarack Valley Energy Ltd.
2.15%
Methanex Corp.
1.73%
Athabasca Oil Corp.
1.70%
Kinaxis, Inc.
1.50%
Secure Waste Infrastructure Corp.
1.46%
Dream Industrial Real Estate Investment Trust
1.37%
Wesdome Gold Mines Ltd.
1.34%
Ero Copper Corp.
1.33%
Aya Gold & Silver, Inc.
1.27%
XIC
Royal Bank of Canada
8.10%
The Toronto-Dominion Bank
5.52%
Shopify, Inc.
4.12%
Bank of Montreal
3.45%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.17%
Diversification
XCS
Total weight of top 10 holdings out of 227 total
16.01%
XIC
Total weight of top 10 holdings out of 219 total
37.87%
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 | 1.25% | 1.96% |
| 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 September 17, 2026, XCS has returned 21.69% year to date, while XIC has returned 14.63%. XCS is ahead on YTD performance.
Which ETF is larger by assets under management: XCS or XIC?
As of September 17, 2026, XCS manages $255.23 M in assets, while XIC manages $34.03 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 Non-Energy Materials, Energy, and Finance. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XCS or XIC?
Year to date, XCS has seen -$8.93 M in net flows, compared with +$8,684.54 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 BlackBerry Ltd., Tamarack Valley Energy Ltd., and Methanex Corp.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XCS or XIC?
XCS holds 227 securities, while XIC holds 219. On holdings count, XCS is the more diversified portfolio.
Recent articles about XCS and XIC
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