VS
iShares S&P U.S. Small-Cap Index ETF (XSMH) and Manulife Multifactor U.S. Small Cap Index ETF (MUSC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSMH focuses its top 3 sector exposures on Finance, Technology, and Industrials, while MUSC leans towards Finance, Industrials, and Technology. When evaluating costs, XSMH features a management fee (MER) of 0.2%, compared to 0.5% for MUSC. Performance-wise, XSMH has returned 22.8% year-to-date with -$16 M in net flows, whereas MUSC is at 17.09% with +$0 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
XSMH
MUSC
| AuM | $59.84 M | $4.14 M |
| Management Fees | 0.20% | 0.50% |
| Exp. ratio | 0.22% | 0.55% |
| Tracking Difference | 1.57% | -0.11% |
Historical performance and flows
As of August 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSMH | +1.32% | +7.88% | +22.80% | +33.02% | +42.36% |
MUSC | +1.97% | +6.54% | +17.09% | +23.68% | +41.16% | |
| Flows | XSMH | +$1 M | -$0 M | -$16 M | -$16 M | +$29 M |
MUSC | -$0 M | -$0 M | +$0 M | +$2 M | +$2 M |
XSMH vs MUSC exposure
Countries
XSMH
USA
99.41%
MUSC
USA
96.11%
Sectors
XSMH
Finance
25.45%
Technology
13.58%
Industrials
12.67%
Healthcare
12.19%
Consumer Cyclicals
7.93%
Other
28.18%
MUSC
Finance
26.17%
Industrials
13.86%
Technology
11.45%
Non-Energy Materials
8.81%
Consumer Cyclicals
8.62%
Healthcare
8.36%
Other
22.72%
As of August 5, 2026
Top 10 Holdings
XSMH
BlackRock Cash Funds - Treasury
1.96%
FormFactor, Inc.
0.67%
ViaSat, Inc.
0.66%
Molina Healthcare, Inc.
0.64%
Argan, Inc.
0.60%
BrightSpring Health Services, Inc.
0.60%
Element Solutions, Inc.
0.59%
MaxLinear, Inc.
0.58%
Krystal Biotech, Inc.
0.53%
ESCO Technologies, Inc.
0.49%
MUSC
Element Solutions, Inc.
0.61%
Arrow Electronics, Inc.
0.59%
Littelfuse, Inc.
0.57%
Sanmina Corp.
0.54%
Ryder System, Inc.
0.53%
Krystal Biotech, Inc.
0.53%
The Timken Co.
0.51%
Semtech Corp.
0.50%
AAON, Inc.
0.48%
Affiliated Managers Group, Inc.
0.47%
Diversification
XSMH
Total weight of top 10 holdings out of 604 total
7.33%
MUSC
Total weight of top 10 holdings out of 486 total
5.32%
Characteristics
Compare
XSMH
MUSC
| Provider | iShares | Manulife Investments |
| Management | Passively managed | Passively managed |
| Benchmark | S&P SmallCap 600 Index - CAD Hedged | John Hancock Dimensional Small Cap Index Total Return Hedged to CAD - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.91% | 1.16% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | November 27, 2017 |
Frequently asked questions about XSMH and MUSC
Which ETF has performed better year to date: XSMH or MUSC?
As of August 5, 2026, XSMH has returned 22.80% year to date, while MUSC has returned 17.09%. XSMH is ahead on YTD performance.
Which ETF is larger by assets under management: XSMH or MUSC?
As of August 5, 2026, XSMH manages $59.84 M in assets, while MUSC manages $4.14 M. XSMH is the larger fund by AUM.
How are XSMH and MUSC managed?
XSMH is passively managed by iShares. It tracks the S&P SmallCap 600 Index - CAD Hedged benchmark. MUSC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Small Cap Index Total Return Hedged to CAD - CAD benchmark.
What sectors do XSMH and MUSC emphasize?
XSMH is most exposed to Finance, Technology, and Industrials. MUSC is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: XSMH or MUSC?
Year to date, XSMH has seen -$15.71 M in net flows, compared with +$0.04 M for MUSC. MUSC has attracted more net investor money so far.
How do the fees of XSMH and MUSC compare?
XSMH has an expense ratio of 0.22%, while MUSC has an expense ratio of 0.55%.
What are the top holdings of XSMH and MUSC?
XSMH's largest holdings include BlackRock Cash Funds - Treasury, FormFactor, Inc., and ViaSat, Inc.. MUSC's top holdings include Element Solutions, Inc., Arrow Electronics, Inc., and Littelfuse, Inc..
Which ETF is more diversified: XSMH or MUSC?
XSMH holds 602 securities, while MUSC holds 482. On holdings count, XSMH is the more diversified portfolio.
Recent articles about XSMH and MUSC
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