VS
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) and Manulife Smart Enhanced Yield ETF (CYLD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CDZ focuses its top 3 sector exposures on Finance, Energy, and Industrials, while CYLD leans towards Finance, Sovereign, and Energy. When evaluating costs, CDZ features a management fee (MER) of 0.6%, compared to 0.52% for CYLD. Performance-wise, CDZ has returned 13.21% year-to-date with +$9 M in net flows, whereas CYLD is at 12.57% with +$3 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
CDZ
CYLD
| AuM | $1,218.95 M | $43.42 M |
| Management Fees | 0.60% | 0.52% |
| Exp. ratio | 0.66% | 0.57% |
| Tracking Difference | -0.88% | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDZ | -3.02% | -0.97% | +13.21% | +18.00% | +72.49% |
CYLD | -0.48% | +2.68% | +12.57% | +18.89% | - | |
| Flows | CDZ | -$19 M | +$7 M | +$9 M | +$37 M | -$91 M |
CYLD | -$0 M | +$5 M | +$3 M | -$9 M | - |
CDZ vs CYLD exposure
Countries
CDZ
Canada
97.47%
CYLD
Canada
96.71%
Sectors
CDZ
Finance
28.58%
Energy
19.61%
Industrials
14.55%
Utilities
9.21%
Consumer Non-Cyclicals
7.32%
Other
20.73%
CYLD
Finance
31.85%
Sovereign
17.73%
Energy
16.69%
Non-Energy Materials
9.36%
Other
24.37%
As of September 11, 2026
Top 10 Holdings
CDZ
South Bow Corp.
3.26%
Mullen Group Ltd.
2.78%
Gibson Energy, Inc.
2.72%
Westshore Terminals Investment Corp.
2.60%
TELUS Corp.
2.39%
Pembina Pipeline Corp.
2.24%
Enbridge, Inc.
2.22%
Canadian Natural Resources Ltd.
2.13%
CT Real Estate Investment Trust
2.05%
Sun Life Financial, Inc.
1.83%
CYLD
Canada, Bills 0% 21oct2026, CAD (182D)
7.49%
Canada, Bills 0% 12aug2026, CAD (364D)
5.25%
The Toronto-Dominion Bank
4.39%
Canadian National Railway Co.
3.43%
Canada, Bills 0% 4nov2026, CAD (364D)
3.40%
Bank of Montreal
3.36%
Canadian Imperial Bank of Commerce
3.34%
Sun Life Financial, Inc.
3.26%
The Bank of Nova Scotia
3.23%
Enbridge, Inc.
3.18%
Diversification
CDZ
Total weight of top 10 holdings out of 95 total
24.20%
CYLD
Total weight of top 10 holdings out of 57 total
40.35%
Characteristics
Compare
CDZ
CYLD
| Provider | iShares | Manulife Investments |
| Management | Passively managed | Actively managed |
| Benchmark | S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.06% | 5.55% |
| Meets ESG criteria | No | No |
| Inception Date | September 8, 2006 | June 4, 2024 |
Frequently asked questions about CDZ and CYLD
Which ETF has performed better year to date: CDZ or CYLD?
As of September 11, 2026, CDZ has returned 13.21% year to date, while CYLD has returned 12.57%. CDZ is ahead on YTD performance.
Which ETF is larger by assets under management: CDZ or CYLD?
As of September 11, 2026, CDZ manages $1.22 B in assets, while CYLD manages $43.42 M. CDZ is the larger fund by AUM.
How are CDZ and CYLD managed?
CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark. CYLD is actively managed by Manulife Investments. It does not track an index.
What sectors do CDZ and CYLD emphasize?
CDZ is most exposed to Finance, Energy, and Industrials. CYLD is most exposed to Finance, Sovereign, and Energy.
Which ETF is attracting more investor flows: CDZ or CYLD?
Year to date, CDZ has seen +$8.62 M in net flows, compared with +$3.06 M for CYLD. CDZ has attracted more net investor money so far.
How do the fees of CDZ and CYLD compare?
CDZ has an expense ratio of 0.66%, while CYLD has an expense ratio of 0.57%.
What are the top holdings of CDZ and CYLD?
CDZ's largest holdings include South Bow Corp., Mullen Group Ltd., and Gibson Energy, Inc.. CYLD's top holdings include Canada, Bills 0% 21oct2026, CAD (182D), Canada, Bills 0% 12aug2026, CAD (364D), and The Toronto-Dominion Bank.
Which ETF is more diversified: CDZ or CYLD?
CDZ holds 95 securities, while CYLD holds 57. On holdings count, CDZ is the more diversified portfolio.
Recent articles about CDZ and CYLD
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