A side-by-side comparison of Manulife Balanced ETF Portfolio (MBAP) and iShares Core Conservative Balanced Portfolio (XCNS) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | MBAP | XCNS |
|---|---|---|
| YTD Return | +3.93%✓ | +3.74% |
| 1-Day Change | +0.39%✓ | +0.31% |
| 1-Week Change | -0.67%✓ | -0.98% |
| 1-Month Change | -1.24% | -1.50%✓ |
| Current Price | $10.32 | $26.24 |
| AUM | $26M | $430M✓ |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | — | 2.59% |
| Distribution Frequency | — | — |
| Inception Date | 2026-04-28 | 2019-08-07 |
| Holdings Count | 10 | 8 |
| MorningStar Rating | — | ★★★ |
| Category | Global Neutral Balanced | Global Neutral Balanced |
| Beta | 0.00 | 0.95 |
| 52-Week High | $10.85 | $26.85 |
| 52-Week Low | $9.89 | $24.28 |
| 50-Day MA | $10.38 | $26.47 |
| 200-Day MA | $10.32 | $25.96 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MBAP | XCNS |
|---|---|---|
| YTD | +3.93%✓ | +3.74% |
| 1 Year | — | +7.31% |
| 3 Year | — | +10.90% |
| 5 Year | — | +5.11% |
| 10 Year | — | — |
| 1Y Volatility | — | 5.88% |
| Sharpe Ratio (3Y) | — | 1.20 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | BSKT | Manulife Smart Core Bond ETF | 12.05% |
| 2 | STRT | Manulife Strategic Income ETF | 8.26% |
| 3 | CDIV | Manulife Smart Dividend ETF | 7.99% |
| 4 | GEDG | Manulife Global Edge ETF | 7.05% |
| 5 | UDIV-B | Manulife Smart U.S. Dividend ETF | 6.00% |
| 6 | MFUN | Manulife Fundamental Equity Fund | 5.23% |
| 7 | VWOB | Vanguard Emerging Markets Government Bond Index Fund ETF Shares | 4.86% |
| 8 | IDIV-B | Manulife Smart International Dividend ETF | 4.64% |
| 9 | IVV | iShares Core S&P 500 ETF | 4.53% |
| 10 | VOO | Vanguard S&P 500 ETF | 4.52% |
| 1 | XBB | iShares Canadian Universe Bond | 37.61% |
| 2 | ITOT | iShares Core S&P Total U.S. Stock Market ETF | 19.00% |
| 3 | XIC | iShares Core S&P/TSX Capped Composite | 9.95% |
| 4 | XEF | iShares Core MSCI EAFE IMI | 9.92% |
| 5 | XSH | iShares Core Canadian Short Term Corporate + Maple Bond | 9.59% |
| 6 | GOVT | iShares U.S. Treasury Bond ETF | 5.97% |
| 7 | USIG | iShares Broad USD Investment Grade Corporate Bond ETF | 5.58% |
| 8 | XEC | iShares Core MSCI Emerging Markets IMI Index ETF | 1.91% |
Sector Weights
| Sector | MBAP | XCNS |
|---|---|---|
| Basic Materials | 7.77% | 7.45% |
| Communication Services | 5.20% | 5.93% |
| Consumer Cyclicals | 7.51% | 7.43% |
| Consumer Defensive | 3.71% | 4.29% |
| Energy | 9.13% | 6.97% |
| Financial Services | 19.87% | 20.94% |
| Healthcare | 5.52% | 7.02% |
| Industrials | 11.90% | 11.63% |
| Real Estate | 3.08% | 2.09% |
| Technology | 22.10% | 23.70% |
| Utilities | 4.21% | 2.56% |
About MBAP
Manulife Balanced ETF Portfolio (MBAP.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About XCNS
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Which ETF is Right for You?
Both MBAP and XCNS are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
MBAP and XCNS are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between MBAP and XCNS?
MBAP (Manulife Balanced ETF Portfolio) and XCNS (iShares Core Conservative Balanced Portfolio) are both Canadian-listed ETFs. Key differences include their AUM ($26M vs $430M), dividend yield (N/A vs 2.59%), and year-to-date performance (+3.93% vs +3.74%).
Is MBAP better than XCNS?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, MBAP has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy MBAP and XCNS on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MBAP and XCNS should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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