XCS.TO
iShares S&P/TSX SmallCap Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 271.1 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Inception date | May 14, 2007 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAMARACK VALLEY ENERGY LTD. | 2.1 % |
| ATHABASCA OIL CORP | 1.9 % |
| METHANEX CORP | 1.9 % |
| ALMONTY INDUSTRIES INC | 1.5 % |
| ENERFLEX LTD | 1.5 % |
| BAYTEX ENERGY CORP | 1.5 % |
| BLACKBERRY LIMITED | 1.5 % |
| FORTUNA MINING CORP | 1.4 % |
| SILVERCORP METALS INC | 1.3 % |
| WESDOME GOLD MINES LTD | 1.3 % |
Constituent Breakdown
| Number of holdings | 236 |
| Herfindahl-Hirschman Index | 81 |
| Wgt avg mkt cap (mns) | $1,262 |
| Large cap (>$10bn) | 26.1% |
| Mid cap ($2-10bn) | 49.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 81.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 75.5 % |
 |
UNITED STATES | 5.2 % |
 |
SWEDEN | 0.8 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 21.9% | 63.0% | 34.5% | 27.3% | 10.1% | 8.0% | -- | 2.5% |
| Dividend Yield | 0.3% | 2.3% | 2.2% | 2.5% | 2.1% | 2.1% | -- | 2.3% |
| Total Returns | 22.3% | 65.3% | 36.7% | 29.8% | 12.2% | 10.2% | -- | 4.8% | Ann. Volatility | 25.8% | 21.7% | 20.8% | 19.0% | 20.4% | 20.4% | -- | 20.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 21% |
| MSCI EAFE | 0.70 | 23% |
| MSCI Emg Mkts | 0.56 | 26% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $36.50 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.36/0.39 |
| Bollinger Bands (Upper/Lower) | $37.89/$35.88 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XCS.TO |
Expenses vs. XCS.TO |
ALTAR Score™ vs. XCS.TO |
|---|---|---|---|---|
| MCSM.TO | Manulife Multifactor Canadian SMID Cap Index ETF | 32.8% | -9 bp | -0.2% |
| XMD.TO | iShares S&P/TSX Completion Index ETF | 18.1% | +1 bp | -0.9% |
| ZIN.TO | BMO Equal Weight Industrials Index ETF | 12.3% | -4 bp | -0.9% |
| XEG.TO | iShares S&P/TSX Capped Energy Index ETF | 10.5% | +2 bp | +2.0% |
Risk and Returns: XCS.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
5.1%
ALTAR SCORE™
28th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. XCS.TO's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places XCS.TO in the 28th percentile
among funds in the category.
Sell-Side Consensus
$40.34
PRICE TARGET
+6.7%
UPSIDE