VS
Compare iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) vs Mackenzie Canadian Equity Index ETF (QCN) to find the best fit for your portfolio. CDZ provides Finance, Energy, and Industrials exposures, while QCN is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, CDZ features a management fee (MER) of 0.6%, compared to 0.04% for QCN. Performance-wise, CDZ has returned 18.2% year-to-date with +$11 M in net flows, whereas QCN is at 14.03% with +$682 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
QCN
| AuM | $1,278.19 M | $5,815.09 M |
| Management Fees | 0.60% | 0.04% |
| Exp. ratio | 0.66% | 0.04% |
| Tracking Difference | -0.94% | -0.16% |
Historical performance and flows
As of July 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDZ | +3.17% | +9.03% | +18.20% | +27.97% | +75.14% |
QCN | +2.81% | +6.89% | +14.03% | +33.44% | +89.39% | |
| Flows | CDZ | +$5 M | +$18 M | +$11 M | +$45 M | -$94 M |
QCN | +$107 M | +$231 M | +$682 M | +$2,613 M | +$3,066 M |
CDZ vs QCN exposure
Countries
CDZ
Canada
97.30%
QCN
Canada
97.27%
Sectors
CDZ
Finance
29.34%
Energy
18.40%
Industrials
14.54%
Utilities
9.33%
Consumer Non-Cyclicals
7.21%
Telecommunications
7.08%
Other
14.10%
QCN
Finance
42.10%
Energy
16.46%
Non-Energy Materials
16.27%
Industrials
7.96%
Other
17.21%
As of July 28, 2026
Top 10 Holdings
CDZ
South Bow Corp.
3.16%
Westshore Terminals Investment Corp.
2.48%
Gibson Energy, Inc.
2.47%
TELUS Corp.
2.42%
Mullen Group Ltd.
2.25%
Enbridge, Inc.
2.24%
Pembina Pipeline Corp.
2.12%
CT Real Estate Investment Trust
2.03%
Capital Power Corp.
1.93%
Canadian Natural Resources Ltd.
1.84%
QCN
Royal Bank of Canada
8.12%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.83%
Bank of Montreal
3.53%
Enbridge, Inc.
3.43%
The Bank of Nova Scotia
3.03%
Canadian Imperial Bank of Commerce
2.99%
Brookfield Corp.
2.62%
Canadian Natural Resources Ltd.
2.28%
Canadian Pacific Kansas City Ltd.
2.20%
Diversification
CDZ
Total weight of top 10 holdings out of 96 total
22.95%
QCN
Total weight of top 10 holdings out of 330 total
37.80%
Characteristics
Compare
CDZ
QCN
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.93% | 1.93% |
| Meets ESG criteria | No | No |
| Inception Date | September 8, 2006 | January 24, 2018 |
Frequently asked questions about CDZ and QCN
Which ETF has performed better year to date: CDZ or QCN?
As of July 28, 2026, CDZ has returned 18.20% year to date, while QCN has returned 14.03%. CDZ is ahead on YTD performance.
Which ETF is larger by assets under management: CDZ or QCN?
As of July 28, 2026, CDZ manages $1.28 B in assets, while QCN manages $5.82 B. QCN is the larger fund by AUM.
How are CDZ and QCN managed?
CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark. QCN is passively managed by Mackenzie Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do CDZ and QCN emphasize?
CDZ is most exposed to Finance, Energy, and Industrials. QCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: CDZ or QCN?
Year to date, CDZ has seen +$10.75 M in net flows, compared with +$682.32 M for QCN. QCN has attracted more net investor money so far.
How do the fees of CDZ and QCN compare?
CDZ has an expense ratio of 0.66%, while QCN has an expense ratio of 0.04%.
What are the top holdings of CDZ and QCN?
CDZ's largest holdings include South Bow Corp., Westshore Terminals Investment Corp., and Gibson Energy, Inc.. QCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: CDZ or QCN?
CDZ holds 96 securities, while QCN holds 323. On holdings count, QCN is the more diversified portfolio.
Recent articles about CDZ and QCN
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