VS
Compare Manulife Smart Dividend ETF (CDIV) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. CDIV provides Finance, Energy, and Non-Energy Materials exposures, while QCN is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, CDIV features a management fee (MER) of 0.25%, compared to 0.04% for QCN. Performance-wise, CDIV has returned 19.95% year-to-date with +$941 M in net flows, whereas QCN is at 16.04% 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
CDIV
QCN
| AuM | $2,102.56 M | $6,431.04 M |
| Management Fees | 0.25% | 0.04% |
| Exp. ratio | 0.28% | 0.04% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of November 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDIV | +2.17% | +0.59% | +19.95% | +25.26% | +100.00% |
QCN | +0.62% | -0.32% | +16.04% | +22.02% | +99.37% | |
| Flows | CDIV | +$89 M | +$263 M | +$941 M | +$983 M | +$1,213 M |
QCN | +$149 M | +$545 M | +$1,227 M | +$1,544 M | +$3,575 M |
CDIV vs QCN exposure
Countries
CDIV
Canada
96.50%
QCN
Canada
97.43%
Sectors
CDIV
Finance
39.84%
Energy
18.24%
Non-Energy Materials
15.41%
Other
26.51%
QCN
Finance
41.50%
Non-Energy Materials
18.62%
Energy
16.25%
Industrials
7.74%
Other
15.90%
As of November 10, 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%
QCN
Royal Bank of Canada
7.72%
The Toronto-Dominion Bank
5.46%
Shopify, Inc.
4.92%
Bank of Montreal
3.33%
The Bank of Nova Scotia
3.17%
Canadian Imperial Bank of Commerce
2.88%
Enbridge, Inc.
2.87%
Canadian Natural Resources Ltd.
2.70%
Agnico Eagle Mines Ltd.
2.63%
Suncor Energy, Inc.
2.26%
Diversification
CDIV
Total weight of top 10 holdings out of 54 total
38.59%
QCN
Total weight of top 10 holdings out of 327 total
37.95%
Characteristics
Compare
CDIV
QCN
| Provider | Manulife Investments | Mackenzie 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% | 1.93% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | January 24, 2018 |
Frequently asked questions about CDIV and QCN
Which ETF has performed better year to date: CDIV or QCN?
As of November 10, 2026, CDIV has returned 19.95% year to date, while QCN has returned 16.04%. CDIV is ahead on YTD performance.
Which ETF is larger by assets under management: CDIV or QCN?
As of November 10, 2026, CDIV manages $2.10 B in assets, while QCN manages $6.43 B. QCN is the larger fund by AUM.
How are CDIV and QCN managed?
CDIV is actively managed by Manulife Investments. It does not track an index. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do CDIV and QCN emphasize?
CDIV is most exposed to Finance, Energy, and Non-Energy Materials. QCN is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: CDIV or QCN?
Year to date, CDIV has seen +$940.73 M in net flows, compared with +$1,227.25 M for QCN. QCN has attracted more net investor money so far.
How do the fees of CDIV and QCN compare?
CDIV has an expense ratio of 0.28%, while QCN has an expense ratio of 0.04%.
What are the top holdings of CDIV and QCN?
CDIV's largest holdings include The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, and The Bank of Nova Scotia. QCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: CDIV or QCN?
CDIV holds 54 securities, while QCN holds 323. On holdings count, QCN is the more diversified portfolio.
Recent articles about CDIV and QCN
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