TSX · CAD · ETF

iShares S&P/TSX Small Cap Index ETF (XCS.TO) ETF Analysis

XCS.TO

Expense ratio 0.6% Yield 1.56% Assets CA$251.04M Since May 14, 2007 Family BlackRock Asset Management Canada Ltd

Last Updated: October 21, 2026

CA$35.95

+CA$0.24 (+0.67%)

October 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare XCS.TO with… →

XCS.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+30.55%	+30.55%	CA$130.55	CA$391.64
3 years	+126.02%	+31.24%	CA$226.02	CA$678.07
5 years	+92.92%	+14.04%	CA$192.92	CA$578.76
10 years	+170.43%	+10.46%	CA$270.43	CA$811.30

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

XCS.TO Return by Calendar Year

2016 and 2026 are partial years

−19.28%+49.45%+18.80%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+18.80%
2025	+49.45%
2024	+18.20%
2023	+4.29%
2022	−8.87%
2021	+19.67%
2020	+13.54%
2019	+18.05%
2018	−19.28%
2017	+2.58%
2016 (partial year)	−14.13%

XCS.TO Monthly Returns

−29%+26%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+8.5	+12.6	−9.0	+6.5	+3.2	−3.6	−2.5	+6.6	−1.8	−1.2	—	—
2025	+0.6	−2.6	+2.8	−2.4	+7.8	+6.2	+2.0	+8.7	+8.6	+2.4	+5.0	+2.7
2024	−0.6	+0.6	+7.6	−0.1	+2.9	−1.9	+5.8	−1.6	+3.4	+1.8	+2.7	−3.3
2023	+7.9	−3.2	−0.4	−0.9	−4.4	+0.6	+6.2	−1.6	−4.9	−2.7	+4.5	+4.1
2022	−0.8	+5.5	+3.7	−6.4	−2.1	−13.5	+7.8	−2.4	−7.3	+3.9	+6.4	−1.8
2021	+0.2	+9.5	+0.1	+3.8	+4.4	+0.6	−2.6	+0.1	−0.1	+5.8	−3.8	+1.1
2020	−3.1	−10.0	−28.8	+25.1	+4.9	+5.0	+7.8	+4.0	−4.5	+0.1	+16.9	+6.0
2019	+9.3	+4.0	−1.2	−0.1	−4.0	+4.1	+3.1	−1.5	−2.8	−1.9	+2.9	+5.8
2018	−2.3	−4.1	−1.6	+5.2	+1.7	−0.2	−1.3	−0.3	−1.0	−7.8	−4.0	−4.9
2017	+0.5	−0.1	+0.9	−1.9	−4.2	+0.2	+0.3	+0.1	+2.3	+1.7	−0.4	+3.2

Monthly total returns with dividends reinvested; each cell prints its signed value.

XCS.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 20.16%
Beta (3y): 0.99
Best year: +49.45%
Worst year: −19.28%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	ERO.TO	Ero Copper Corp	1.84%
2	WDO.TO	Wesdome Gold Mines Ltd	1.75%
3	ATH.TO	Athabasca Oil Corp	1.68%
4	RUS.TO	Russel Metals Inc	1.67%
5	KXS.TO	Kinaxis Inc	1.63%
6	FVI.TO	Fortuna Mining Corp	1.6%
7	TKO.TO	Trekor Metals Ltd	1.56%
8	BDT.TO	Bird Construction Inc	1.53%
9	BTE.TO	Baytex Energy Corp	1.39%
10	EFX.TO	Enerflex Ltd	1.33%

Analysis

Data-derived

Fund Overview

iShares S&P/TSX Small Cap Index ETF (XCS.TO) is an exchange-traded fund. Total net assets stand at CA$251.04M. Annual costs run at an expense ratio of 0.6%. On a CA$10,000 position that is CA$60.00 a year. The fund is issued by BlackRock Asset Management Canada Ltd. The inception date on file is May 14, 2007.

Its biggest positions are Ero Copper Corp (ERO.TO), Wesdome Gold Mines Ltd (WDO.TO), and Athabasca Oil Corp (ATH.TO). Ero Copper Corp alone accounts for 1.84% of the portfolio. The ten largest positions together make up 15.98% of the fund.

Performance Analysis

XCS.TO last closed at CA$35.95 on October 21, 2026. The trailing one-year total return is +30.55%. Measured over 10 years, that is +10.46% a year compounded. The trailing distribution yield is 1.56%.

2026 is still running; the total return is +18.80% year to date. Across the complete calendar years on file, 2025 returned +49.45% and 2018 returned −19.28%. Of the 9 complete calendar years on file, 7 finished higher.

Price & Risk Profile

Daily returns over the trailing 10 years annualize to a volatility of 20.16%. The reported beta is 0.99. The 52-week range on file runs from CA$27.24 to CA$38.33. The latest close sits 31.98% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

More BlackRock Asset Management Canada Ltd ETFs

XIC.TO

iShares Core S&P/TSX Capped Composite Index ETF

CA$35.02B

XEF.TO

iShares Core MSCI EAFE IMI Index ETF

CA$24.33B

XEQT.TO

iShares Core Equity ETF Portfolio

CA$22.91B

XIU.TO

iShares S&P/TSX 60 Index ETF

CA$22.56B

XSP.TO

iShares Core S&P 500 Index ETF (CAD-Hedged)

CA$16.30B

XUS.TO

iShares Core S&P 500 Index ETF

CA$13.70B