VS
Compare Manulife Smart Dividend ETF (CDIV) vs Desjardins Canadian Equity Index ETF (DMEC) to find the best fit for your portfolio. CDIV provides Finance, Energy, and Non-Energy Materials exposures, while DMEC is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, CDIV features a management fee (MER) of 0.25%, compared to 0.05% for DMEC. Performance-wise, CDIV has returned 19.95% year-to-date with +$941 M in net flows, whereas DMEC is at 16.75% with +$951 M. 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
CDIV
DMEC
| AuM | $2,102.56 M | $2,627.96 M |
| Management Fees | 0.25% | 0.05% |
| Exp. ratio | 0.28% | 0.06% |
| Tracking Difference | - | -0.12% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDIV | +2.17% | +0.59% | +19.95% | +25.26% | +100.00% |
DMEC | +1.27% | +0.29% | +16.75% | +22.41% | - | |
| Flows | CDIV | +$89 M | +$263 M | +$941 M | +$983 M | +$1,213 M |
DMEC | +$94 M | +$321 M | +$951 M | +$990 M | - |
CDIV vs DMEC exposure
Countries
CDIV
Canada
96.50%
DMEC
Canada
96.61%
Sectors
CDIV
Finance
39.84%
Energy
18.24%
Non-Energy Materials
15.41%
Other
26.51%
DMEC
Finance
41.24%
Non-Energy Materials
18.70%
Energy
15.95%
Industrials
7.66%
Other
16.45%
As of November 11, 2026
Top 10 Holdings
CDIV
The Toronto-Dominion Bank
5.32%
Canadian Imperial Bank of Commerce
4.02%
The Bank of Nova Scotia
4.01%
Bank of Montreal
3.99%
Manulife Financial Corp.
3.97%
Enbridge, Inc.
3.96%
Canadian National Railway Co.
3.95%
Barrick Mining Corp.
3.83%
Nutrien Ltd.
2.84%
Pembina Pipeline Corp.
2.69%
DMEC
Royal Bank of Canada
7.70%
The Toronto-Dominion Bank
5.44%
Shopify, Inc.
4.83%
Bank of Montreal
3.33%
The Bank of Nova Scotia
3.17%
Canadian Imperial Bank of Commerce
2.87%
Enbridge, Inc.
2.83%
Canadian Natural Resources Ltd.
2.66%
Agnico Eagle Mines Ltd.
2.63%
Brookfield Corp.
2.21%
Diversification
CDIV
Total weight of top 10 holdings out of 54 total
38.59%
DMEC
Total weight of top 10 holdings out of 332 total
37.67%
Characteristics
Compare
CDIV
DMEC
| Provider | Manulife Investments | Desjardins Investments |
| 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 | 1.82% | 1.90% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | April 18, 2024 |
Frequently asked questions about CDIV and DMEC
Which ETF has performed better year to date: CDIV or DMEC?
As of November 11, 2026, CDIV has returned 19.95% year to date, while DMEC has returned 16.75%. CDIV is ahead on YTD performance.
Which ETF is larger by assets under management: CDIV or DMEC?
As of November 11, 2026, CDIV manages $2.10 B in assets, while DMEC manages $2.63 B. DMEC is the larger fund by AUM.
How are CDIV and DMEC managed?
CDIV is actively managed by Manulife Investments. It does not track an index. DMEC is passively managed by Desjardins Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do CDIV and DMEC emphasize?
CDIV is most exposed to Finance, Energy, and Non-Energy Materials. DMEC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: CDIV or DMEC?
Year to date, CDIV has seen +$940.73 M in net flows, compared with +$950.76 M for DMEC. DMEC has attracted more net investor money so far.
How do the fees of CDIV and DMEC compare?
CDIV has an expense ratio of 0.28%, while DMEC has an expense ratio of 0.06%.
What are the top holdings of CDIV and DMEC?
CDIV's largest holdings include The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, and The Bank of Nova Scotia. DMEC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: CDIV or DMEC?
CDIV holds 54 securities, while DMEC holds 327. On holdings count, DMEC is the more diversified portfolio.
Recent articles about CDIV and DMEC
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