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iShares S&P U.S. Financials Index ETF (XUSF) and CI Global Financial Sector ETF (FSF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XUSF focuses its top 3 sector exposures on Finance, Technology, and Business Services, while FSF leans towards Finance, Technology, and Business Services. When evaluating costs, XUSF features a management fee (MER) of 0.25%, compared to 0.85% for FSF. Performance-wise, XUSF has returned 10.9% year-to-date with +$10 M in net flows, whereas FSF is at 4.85% with +$8 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
XUSF
FSF
| AuM | $67.38 M | $110.84 M |
| Management Fees | 0.25% | 0.85% |
| Exp. ratio | 0.28% | 0.99% |
| Tracking Difference | -0.57% | - |
Historical performance and flows
As of November 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XUSF | +7.56% | +1.73% | +10.90% | +13.07% | +85.24% |
FSF | +1.16% | -4.19% | +4.85% | +11.30% | +84.45% | |
| Flows | XUSF | -$1 M | -$1 M | +$10 M | +$12 M | +$55 M |
FSF | +$0 M | -$189 M | +$8 M | +$6 M | -$549 M |
XUSF vs FSF exposure
Countries
XUSF
USA
96.57%
FSF
USA
54.51%
Japan
7.49%
Other
38.00%
Sectors
XUSF
Finance
95.61%
FSF
Finance
95.10%
As of November 4, 2026
Top 10 Holdings
XUSF
Berkshire Hathaway, Inc.
12.31%
JPMorgan Chase & Co.
11.68%
Visa, Inc.
8.13%
Mastercard, Inc.
5.92%
Bank of America Corp.
4.70%
The Goldman Sachs Group, Inc.
3.48%
Wells Fargo & Co.
3.21%
Morgan Stanley
2.98%
Citigroup, Inc.
2.88%
American Express Co.
2.13%
FSF
JPMorgan Chase & Co.
5.95%
Mastercard, Inc.
4.87%
Bank of America Corp.
4.66%
Mitsubishi UFJ Financial Group, Inc.
4.34%
Visa, Inc.
4.20%
UniCredit SpA
3.68%
Royal Bank of Canada
3.29%
Resona Holdings, Inc.
3.15%
BAWAG Group AG
3.10%
Citigroup, Inc.
3.07%
Diversification
XUSF
Total weight of top 10 holdings out of 76 total
57.42%
FSF
Total weight of top 10 holdings out of 45 total
40.31%
Characteristics
Compare
XUSF
FSF
| Provider | iShares | CI |
| Management | Passively managed | Actively managed |
| Benchmark | S&P Financials Select Sector Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.92% | 1.27% |
| Meets ESG criteria | No | No |
| Inception Date | September 6, 2023 | November 18, 2014 |
Frequently asked questions about XUSF and FSF
Which ETF has performed better year to date: XUSF or FSF?
As of November 4, 2026, XUSF has returned 10.90% year to date, while FSF has returned 4.85%. XUSF is ahead on YTD performance.
Which ETF is larger by assets under management: XUSF or FSF?
As of November 4, 2026, XUSF manages $67.38 M in assets, while FSF manages $110.84 M. FSF is the larger fund by AUM.
How are XUSF and FSF managed?
XUSF is passively managed by iShares. It tracks the S&P Financials Select Sector Index - CAD benchmark. FSF is actively managed by CI. It does not track an index.
What sectors do XUSF and FSF emphasize?
XUSF is most exposed to Finance, Technology, and Business Services. FSF is most exposed to Finance, Technology, and Business Services.
Which ETF is attracting more investor flows: XUSF or FSF?
Year to date, XUSF has seen +$9.89 M in net flows, compared with +$7.87 M for FSF. XUSF has attracted more net investor money so far.
How do the fees of XUSF and FSF compare?
XUSF has an expense ratio of 0.28%, while FSF has an expense ratio of 0.99%.
What are the top holdings of XUSF and FSF?
XUSF's largest holdings include Berkshire Hathaway, Inc., JPMorgan Chase & Co., and Visa, Inc.. FSF's top holdings include JPMorgan Chase & Co., Mastercard, Inc., and Bank of America Corp..
Which ETF is more diversified: XUSF or FSF?
XUSF holds 76 securities, while FSF holds 45. On holdings count, XUSF is the more diversified portfolio.
Recent articles about XUSF and FSF
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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.