VS
iShares U.S. High Yield Bond Index ETF (XHY) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Media, It services and computer programming, and Insurance and reinsurance, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.05% for XIC. Performance-wise, XHY has returned 0.29% year-to-date with +$223 M in net flows, whereas XIC is at 12.84% with +$7 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
XHY
XIC
| AuM | $1,153.40 M | $31,595.79 M |
| Management Fees | 0.50% | 0.05% |
| Exp. ratio | 0.55% | 0.06% |
| Tracking Difference | -0.32% | -0.10% |
Historical performance and flows
As of July 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -0.40% | -0.35% | +0.29% | +2.75% | +20.73% |
XIC | +1.98% | +4.83% | +12.84% | +32.09% | +86.58% | |
| Flows | XHY | +$51 M | +$85 M | +$223 M | +$361 M | +$754 M |
XIC | +$820 M | +$1,810 M | +$6,721 M | +$7,960 M | +$12,829 M |
XHY vs XIC exposure
Countries
XHY
USA
55.27%
Other
35.38%
Other
9.35%
XIC
Canada
96.25%
Sectors
XHY
Other
35.38%
Other
64.62%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of July 24, 2026
Top 10 Holdings
XHY
US68288AAA51
0.52%
US58990CAA18
0.47%
EchoStar, 10.75% 30nov2029, USD
0.45%
US69393LAA17
0.38%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
US78488XAA28
0.32%
Cloud Software Group, 9% 30sep2029, USD
0.31%
US65346UAB52
0.29%
Centene, 4.625% 15dec2029, USD
0.28%
XIC
Royal Bank of Canada
8.22%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.97%
Bank of Montreal
3.52%
Enbridge, Inc.
3.36%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
3.01%
Brookfield Corp.
2.59%
Canadian Natural Resources Ltd.
2.35%
Agnico Eagle Mines Ltd.
2.25%
Diversification
XHY
Total weight of top 10 holdings out of 1,327 total
3.69%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
XHY
XIC
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.18% | 1.99% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | February 16, 2001 |
Frequently asked questions about XHY and XIC
Which ETF has performed better year to date: XHY or XIC?
As of July 24, 2026, XHY has returned 0.29% year to date, while XIC has returned 12.84%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or XIC?
As of July 24, 2026, XHY manages $1.15 B in assets, while XIC manages $31.60 B. XIC is the larger fund by AUM.
How are XHY and XIC managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do XHY and XIC emphasize?
XHY is most exposed to Media, It services and computer programming, and Insurance and reinsurance. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XHY or XIC?
Year to date, XHY has seen +$222.86 M in net flows, compared with +$6,721.27 M for XIC. XIC has attracted more net investor money so far.
How do the fees of XHY and XIC compare?
XHY has an expense ratio of 0.55%, while XIC has an expense ratio of 0.06%.
What are the top holdings of XHY and XIC?
XHY's largest holdings include EchoStar, 10.75% 30nov2029, USD and Quikrete Holdings, 6.375% 1mar2032, USD. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XHY or XIC?
XHY holds 905 securities, while XIC holds 219. On holdings count, XHY is the more diversified portfolio.
Recent articles about XHY and XIC
The Top Canadian ETFs by AUM in 2023
These ETFs rank among the largest in the Canadian industry.
Posted on 1/11/2023 by Tony Dong inETFs
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.