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Compare iShares S&P U.S. Small-Cap Index ETF (XSMH) vs Manulife Multifactor U.S. Small Cap Index ETF (MUSC) to find the best fit for your portfolio. XSMH provides Finance, Technology, and Industrials exposures, while MUSC is primarily weighted in 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 13.67% year-to-date with -$20 M in net flows, whereas MUSC is at 9.92% with -$2 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 | $50.61 M | $1.94 M |
| Management Fees | 0.20% | 0.50% |
| Exp. ratio | 0.22% | 0.55% |
| Tracking Difference | 1.32% | 0.07% |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSMH | -0.20% | -4.90% | +13.67% | +13.77% | +52.95% |
MUSC | +0.49% | -3.60% | +9.92% | +10.06% | +49.77% | |
| Flows | XSMH | -$6 M | -$5 M | -$20 M | -$26 M | +$26 M |
MUSC | -$2 M | -$2 M | -$2 M | -$2 M | +$0 M |
XSMH vs MUSC exposure
Countries
XSMH
USA
99.70%
MUSC
USA
96.62%
Sectors
XSMH
Finance
26.23%
Technology
12.84%
Industrials
12.26%
Healthcare
10.93%
Consumer Cyclicals
7.86%
Other
29.88%
MUSC
Finance
25.91%
Industrials
12.57%
Technology
11.65%
Healthcare
9.36%
Non-Energy Materials
8.57%
Consumer Cyclicals
8.17%
Other
23.77%
As of October 23, 2026
Top 10 Holdings
XSMH
BlackRock Cash Funds - Treasury
2.11%
Corcept Therapeutics, Inc.
0.60%
Glaukos Corp.
0.59%
Paycom Software, Inc.
0.55%
Brinker International, Inc.
0.55%
Match Group, Inc.
0.53%
Jackson Financial, Inc.
0.52%
ViaSat, Inc.
0.51%
Protagonist Therapeutics, Inc.
0.50%
CarMax, Inc.
0.49%
MUSC
Arrow Electronics, Inc.
0.58%
Littelfuse, Inc.
0.55%
Krystal Biotech, Inc.
0.54%
Darling Ingredients, Inc.
0.54%
Affiliated Managers Group, Inc.
0.50%
SM Energy Co.
0.49%
Ryder System, Inc.
0.48%
Unity Software, Inc.
0.48%
Voya Financial, Inc.
0.48%
Jackson Financial, Inc.
0.47%
Diversification
XSMH
Total weight of top 10 holdings out of 603 total
6.94%
MUSC
Total weight of top 10 holdings out of 495 total
5.10%
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 | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.98% | 1.24% |
| 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 October 23, 2026, XSMH has returned 13.67% year to date, while MUSC has returned 9.92%. XSMH is ahead on YTD performance.
Which ETF is larger by assets under management: XSMH or MUSC?
As of October 23, 2026, XSMH manages $50.61 M in assets, while MUSC manages $1.94 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 -$20.41 M in net flows, compared with -$1.90 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, Corcept Therapeutics, Inc., and Glaukos Corp.. MUSC's top holdings include Arrow Electronics, Inc., Littelfuse, Inc., and Krystal Biotech, Inc..
Which ETF is more diversified: XSMH or MUSC?
XSMH holds 601 securities, while MUSC holds 492. On holdings count, XSMH is the more diversified portfolio.
Recent articles about XSMH and MUSC
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