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Compare Manulife Smart Defensive Equity ETF (CDEF) vs TD Canadian Equity Index ETF (TTP) to find the best fit for your portfolio. CDEF provides Financials, Energy, and Industrials exposures, while TTP is primarily weighted in Financials, Materials, and Energy. When evaluating costs, CDEF features a management fee (MER) of 0.25%, compared to 0.04% for TTP. Performance-wise, CDEF has returned 10.11% year-to-date with +$0 M in net flows, whereas TTP is at 10.3% 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 | $3.67 M | $6,076.49 M |
| Management Fees | 0.25% | 0.04% |
| Exp. ratio | 0.28% | 0.05% |
| Tracking Difference | - | -0.12% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDEF | +2.11% | +4.94% | +10.11% | +20.81% | +67.54% |
TTP | +1.60% | +5.21% | +10.30% | +33.90% | +90.02% | |
| Flows | CDEF | +$0 M | -$0 M | +$0 M | -$2 M | +$1 M |
TTP | +$125 M | +$406 M | +$1,005 M | +$1,566 M | +$2,891 M |
CDEF vs TTP exposure
Countries
CDEF
Canada
96.44%
TTP
Canada
90.23%
Other
9.55%
Sectors
CDEF
Financials
27.82%
Energy
17.45%
Industrials
14.58%
Materials
12.61%
Utilities
7.51%
Other
20.03%
TTP
Financials
28.76%
Materials
17.04%
Energy
16.71%
Other
13.52%
Industrials
9.86%
Other
14.11%
As of June 11, 2026
Top 10 Holdings
CDEF
CENOVUS ENERGY
3.50%
IMPERIAL OIL
3.22%
ENBRIDGE
2.84%
CANADIAN PACIFIC RAILWAY
2.73%
TC ENERGY CORP
2.71%
HYDRO ONE
2.65%
NATIONAL BANK OF CANADA
2.65%
FORTIS
2.64%
CDN NATL RAILWAY
2.58%
CDN IMPERIAL BK
2.58%
TTP
ROYAL BK CANADA
6.93%
TORONTO DOMINION
5.00%
ENBRIDGE
3.21%
BANK OF MONTREAL
3.03%
CDN IMPERIAL BK
2.87%
AGNICO EAGLE MINES LTD
2.79%
CA11271J1075
2.78%
BNS
2.65%
CDN NATURAL RESOURCE
2.57%
CANADIAN PACIFIC RAILWAY
2.21%
Diversification
CDEF
Total weight of top 10 holdings out of 60 total
28.09%
TTP
Total weight of top 10 holdings out of 236 total
34.04%
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 | 0.41% | 1.89% |
| 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 June 11, 2026, CDEF has returned 10.11% year to date, while TTP has returned 10.30%. TTP is ahead on YTD performance.
Which ETF is larger by assets under management: CDEF or TTP?
As of June 11, 2026, CDEF manages $3.67 M in assets, while TTP manages $6.08 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 Financials, Energy, and Industrials. TTP is most exposed to Financials, Materials, and Energy.
Which ETF is attracting more investor flows: CDEF or TTP?
Year to date, CDEF has seen +$0.00 M in net flows, compared with +$1,005.15 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 CENOVUS ENERGY, IMPERIAL OIL, and ENBRIDGE. TTP's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: CDEF or TTP?
CDEF holds 60 securities, while TTP holds 233. On holdings count, TTP is the more diversified portfolio.
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