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Compare iShares Core S&P/TSX Capped Composite Index ETF (XIC) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. XIC and QCN provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, XIC features a management fee (MER) of 0.05%, compared to 0.04% for QCN. Performance-wise, XIC has returned 14.63% year-to-date with +$9 B in net flows, whereas QCN is at 14.94% with +$970 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
XIC
QCN
| AuM | $34,026.14 M | $6,143.31 M |
| Management Fees | 0.05% | 0.04% |
| Exp. ratio | 0.06% | 0.04% |
| Tracking Difference | -0.09% | -0.13% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XIC | -1.33% | +2.95% | +14.63% | +24.30% | +89.35% |
QCN | -1.86% | +2.78% | +14.94% | +25.27% | +90.29% | |
| Flows | XIC | +$1,388 M | +$2,850 M | +$8,685 M | +$9,109 M | +$14,851 M |
QCN | +$247 M | +$454 M | +$970 M | +$2,829 M | +$3,339 M |
XIC vs QCN exposure
Countries
XIC
Canada
96.46%
QCN
Canada
97.44%
Sectors
XIC
Finance
41.74%
Energy
17.17%
Non-Energy Materials
15.75%
Industrials
8.14%
Other
17.19%
QCN
Finance
41.99%
Energy
17.15%
Non-Energy Materials
16.21%
Industrials
7.77%
Other
16.87%
As of September 17, 2026
Top 10 Holdings
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%
QCN
Royal Bank of Canada
8.07%
The Toronto-Dominion Bank
5.55%
Shopify, Inc.
3.97%
Bank of Montreal
3.47%
Enbridge, Inc.
3.32%
Canadian Imperial Bank of Commerce
3.01%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.65%
Brookfield Corp.
2.53%
Suncor Energy, Inc.
2.18%
Diversification
XIC
Total weight of top 10 holdings out of 219 total
37.87%
QCN
Total weight of top 10 holdings out of 329 total
37.73%
Characteristics
Compare
XIC
QCN
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Composite Total Return Index - CAD | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.96% | 1.91% |
| Meets ESG criteria | No | No |
| Inception Date | February 16, 2001 | January 24, 2018 |
Frequently asked questions about XIC and QCN
Which ETF has performed better year to date: XIC or QCN?
As of September 17, 2026, XIC has returned 14.63% year to date, while QCN has returned 14.94%. QCN is ahead on YTD performance.
Which ETF is larger by assets under management: XIC or QCN?
As of September 17, 2026, XIC manages $34.03 B in assets, while QCN manages $6.14 B. XIC is the larger fund by AUM.
How are XIC and QCN managed?
XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do XIC and QCN emphasize?
XIC is most exposed to Finance, Energy, and Non-Energy Materials. QCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XIC or QCN?
Year to date, XIC has seen +$8,684.54 M in net flows, compared with +$969.69 M for QCN. XIC has attracted more net investor money so far.
How do the fees of XIC and QCN compare?
XIC has an expense ratio of 0.06%, while QCN has an expense ratio of 0.04%.
What are the top holdings of XIC and QCN?
XIC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. QCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XIC or QCN?
XIC holds 219 securities, while QCN holds 327. On holdings count, QCN is the more diversified portfolio.
Recent articles about XIC and QCN
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