VS
Compare Manulife Smart Defensive Equity ETF (CDEF) vs TD Canadian Equity Index ETF (TTP) to find the best fit for your portfolio. CDEF and TTP provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, CDEF features a management fee (MER) of 0.25%, compared to 0.04% for TTP. Performance-wise, CDEF has returned 11.6% year-to-date with +$0 M in net flows, whereas TTP is at 14.36% with +$1 B. 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
CDEF
TTP
| AuM | $3.68 M | $6,503.03 M |
| Management Fees | 0.25% | 0.04% |
| Exp. ratio | 0.28% | 0.05% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDEF | -2.23% | +1.35% | +11.60% | +15.31% | +71.01% |
TTP | -1.81% | +3.67% | +14.36% | +24.38% | +92.48% | |
| Flows | CDEF | -$2 M | +$0 M | +$0 M | -$2 M | +$1 M |
TTP | +$122 M | +$244 M | +$1,241 M | +$1,644 M | +$3,167 M |
CDEF vs TTP exposure
Countries
CDEF
Canada
97.57%
TTP
Canada
97.35%
Sectors
CDEF
Finance
34.19%
Energy
16.59%
Non-Energy Materials
9.95%
Industrials
8.79%
Consumer Non-Cyclicals
7.42%
Other
23.05%
TTP
Finance
42.17%
Energy
17.20%
Non-Energy Materials
15.84%
Industrials
7.87%
Other
16.92%
As of September 11, 2026
Top 10 Holdings
CDEF
Sun Life Financial, Inc.
3.84%
Great-West Lifeco, Inc.
3.05%
Royal Bank of Canada
2.85%
Bank of Montreal
2.85%
The Bank of Nova Scotia
2.76%
The Toronto-Dominion Bank
2.74%
Alimentation Couche-Tard, Inc.
2.70%
Cenovus Energy, Inc.
2.67%
Canadian National Railway Co.
2.67%
National Bank of Canada
2.63%
TTP
Royal Bank of Canada
8.10%
The Toronto-Dominion Bank
5.60%
Shopify, Inc.
3.83%
Bank of Montreal
3.51%
Enbridge, Inc.
3.29%
Canadian Imperial Bank of Commerce
3.04%
The Bank of Nova Scotia
3.00%
Canadian Natural Resources Ltd.
2.69%
Brookfield Corp.
2.58%
Suncor Energy, Inc.
2.21%
Diversification
CDEF
Total weight of top 10 holdings out of 65 total
28.76%
TTP
Total weight of top 10 holdings out of 325 total
37.85%
Characteristics
Compare
CDEF
TTP
| Provider | Manulife Investments | TD Asset Management |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.05% | 1.85% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2021 | March 22, 2016 |
Frequently asked questions about CDEF and TTP
Which ETF has performed better year to date: CDEF or TTP?
As of September 11, 2026, CDEF has returned 11.60% year to date, while TTP has returned 14.36%. TTP is ahead on YTD performance.
Which ETF is larger by assets under management: CDEF or TTP?
As of September 11, 2026, CDEF manages $3.68 M in assets, while TTP manages $6.50 B. TTP is the larger fund by AUM.
How are CDEF and TTP managed?
CDEF is actively managed by Manulife Investments. It does not track an index. TTP is passively managed by TD Asset Management. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do CDEF and TTP emphasize?
CDEF is most exposed to Finance, Energy, and Non-Energy Materials. TTP is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: CDEF or TTP?
Year to date, CDEF has seen +$0.01 M in net flows, compared with +$1,240.82 M for TTP. TTP has attracted more net investor money so far.
How do the fees of CDEF and TTP compare?
CDEF has an expense ratio of 0.28%, while TTP has an expense ratio of 0.05%.
What are the top holdings of CDEF and TTP?
CDEF's largest holdings include Sun Life Financial, Inc., Great-West Lifeco, Inc., and Royal Bank of Canada. TTP's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: CDEF or TTP?
CDEF holds 65 securities, while TTP holds 324. On holdings count, TTP is the more diversified portfolio.
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