VS
Compare BMO MSCI Canada Value Index ETF (ZVC) vs Manulife Multifactor Canadian Large Cap Index ETF (MCLC) to find the best fit for your portfolio. ZVC and MCLC provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, ZVC features a management fee (MER) of 0.35%, compared to 0.35% for MCLC. Performance-wise, ZVC has returned 21.14% year-to-date with +$7 M in net flows, whereas MCLC is at 16.22% with +$104 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
ZVC
MCLC
| AuM | $57.41 M | $537.26 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.40% | 0.40% |
| Tracking Difference | -0.61% | -0.66% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZVC | +0.04% | +6.23% | +21.14% | +35.40% | +88.51% |
MCLC | -1.27% | +4.69% | +16.22% | +26.86% | +92.34% | |
| Flows | ZVC | +$2 M | +$2 M | +$7 M | +$9 M | +$16 M |
MCLC | -$18 M | -$22 M | +$104 M | +$89 M | -$11 M |
ZVC vs MCLC exposure
Countries
ZVC
Canada
99.59%
MCLC
Canada
97.80%
Sectors
ZVC
Finance
41.53%
Energy
18.27%
Non-Energy Materials
13.84%
Industrials
8.49%
Technology
7.81%
Other
10.05%
MCLC
Finance
39.16%
Energy
20.70%
Non-Energy Materials
14.92%
Other
25.22%
As of September 10, 2026
Top 10 Holdings
ZVC
The Toronto-Dominion Bank
7.89%
The Bank of Nova Scotia
7.14%
Bank of Montreal
6.25%
Manulife Financial Corp.
6.15%
Suncor Energy, Inc.
5.81%
CGI, Inc.
4.98%
Barrick Mining Corp.
4.78%
Canadian Natural Resources Ltd.
4.44%
Canadian Pacific Kansas City Ltd.
4.26%
Canadian Imperial Bank of Commerce
3.87%
MCLC
Royal Bank of Canada
4.46%
The Toronto-Dominion Bank
4.34%
Suncor Energy, Inc.
4.18%
Cenovus Energy, Inc.
3.85%
Sun Life Financial, Inc.
3.67%
Bank of Montreal
3.48%
The Bank of Nova Scotia
3.22%
Brookfield Corp.
3.20%
Canadian Imperial Bank of Commerce
3.20%
Canadian Natural Resources Ltd.
2.86%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.56%
MCLC
Total weight of top 10 holdings out of 80 total
36.45%
Characteristics
Compare
ZVC
MCLC
| Provider | BMO | Manulife Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.89% | 1.65% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | April 17, 2017 |
Frequently asked questions about ZVC and MCLC
Which ETF has performed better year to date: ZVC or MCLC?
As of September 10, 2026, ZVC has returned 21.14% year to date, while MCLC has returned 16.22%. ZVC is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or MCLC?
As of September 10, 2026, ZVC manages $57.41 M in assets, while MCLC manages $537.26 M. MCLC is the larger fund by AUM.
How are ZVC and MCLC managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. MCLC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD benchmark.
What sectors do ZVC and MCLC emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. MCLC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZVC or MCLC?
Year to date, ZVC has seen +$6.53 M in net flows, compared with +$104.06 M for MCLC. MCLC has attracted more net investor money so far.
How do the fees of ZVC and MCLC compare?
ZVC has an expense ratio of 0.40%, while MCLC has an expense ratio of 0.40%.
What are the top holdings of ZVC and MCLC?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. MCLC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Suncor Energy, Inc..
Which ETF is more diversified: ZVC or MCLC?
ZVC holds 50 securities, while MCLC holds 80. On holdings count, MCLC is the more diversified portfolio.
Recent articles about ZVC and MCLC
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