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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, Non-Energy Materials, and Energy. When evaluating costs, XCS features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, XCS has returned 13.76% year-to-date with -$12 M in net flows, whereas XIC is at 14.03% with +$11 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 | $233.94 M | $36,357.83 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.60% | 0.06% |
| Tracking Difference | -0.76% | -0.08% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCS | -5.96% | -3.11% | +13.76% | +23.49% | +112.77% |
XIC | +0.19% | -0.25% | +14.03% | +19.92% | +93.85% | |
| Flows | XCS | -$3 M | +$0 M | -$12 M | +$2 M | -$3 M |
XIC | +$1,123 M | +$4,363 M | +$11,378 M | +$12,579 M | +$17,505 M |
XCS vs XIC exposure
Countries
XCS
Canada
95.61%
XIC
Canada
96.55%
Sectors
XCS
Non-Energy Materials
35.57%
Energy
19.59%
Finance
15.09%
Industrials
12.52%
Other
17.24%
XIC
Finance
41.17%
Non-Energy Materials
18.24%
Energy
16.19%
Industrials
8.03%
Other
16.38%
As of November 2, 2026
Top 10 Holdings
XCS
Ero Copper Corp.
1.84%
Wesdome Gold Mines Ltd.
1.75%
Athabasca Oil Corp.
1.68%
Russel Metals, Inc.
1.67%
Kinaxis, Inc.
1.63%
Fortuna Mining Corp.
1.60%
Trekor Metals Ltd.
1.56%
Bird Construction, Inc.
1.53%
Baytex Energy Corp.
1.39%
Enerflex Ltd.
1.33%
XIC
Royal Bank of Canada
7.73%
The Toronto-Dominion Bank
5.48%
Shopify, Inc.
5.07%
Bank of Montreal
3.32%
The Bank of Nova Scotia
3.14%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.85%
Canadian Natural Resources Ltd.
2.75%
Agnico Eagle Mines Ltd.
2.63%
Suncor Energy, Inc.
2.25%
Diversification
XCS
Total weight of top 10 holdings out of 233 total
15.98%
XIC
Total weight of top 10 holdings out of 216 total
38.13%
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 | 1.65% | 1.99% |
| 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 November 2, 2026, XCS has returned 13.76% year to date, while XIC has returned 14.03%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: XCS or XIC?
As of November 2, 2026, XCS manages $233.94 M in assets, while XIC manages $36.36 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, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: XCS or XIC?
Year to date, XCS has seen -$12.37 M in net flows, compared with +$11,378.13 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 Ero Copper Corp., Wesdome Gold Mines Ltd., and Athabasca Oil 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 232 securities, while XIC holds 216. On holdings count, XCS is the more diversified portfolio.
Recent articles about XCS and XIC
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