The S&P/TSX Small Cap Index rose 17.7% year-to-date as of Oct. 16, about 25% better than the Composite Index, after small caps lagged large caps over 2014–2023, with annualized returns of 2.9% versus 8.1%. The article says small caps were previously shunned for their volatility, limited analyst coverage and many money-losing firms, but energy, now the top-performing TSX sector this year due to the wars in Ukraine and Iran, has lifted the group. The iShares S&P/TSX SmallCap Index ETF (XCS-T) is up 18.81% year-to-date; it was recommended at $23.90 and closed at $36.09. The fund holds 236 positions, has about $250 million in assets, a 0.6% MER, and a 10-year average annual return of 10.71%. The author considers it suitable for aggressive investors who can tolerate volatility.
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