VS
Compare iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) vs TD Q Canadian Dividend ETF (TQCD) to find the best fit for your portfolio. CDZ provides Finance, Energy, and Industrials exposures, while TQCD is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, CDZ features a management fee (MER) of 0.6%, compared to 0.35% for TQCD. Performance-wise, CDZ has returned 18.07% year-to-date with +$11 M in net flows, whereas TQCD is at 19.86% 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
CDZ
TQCD
| AuM | $1,276.80 M | $3,479.23 M |
| Management Fees | 0.60% | 0.35% |
| Exp. ratio | 0.66% | 0.39% |
| Tracking Difference | -0.94% | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CDZ | +3.12% | +7.31% | +18.07% | +28.46% | +74.95% |
TQCD | +4.20% | +7.52% | +19.86% | +38.72% | +106.69% | |
| Flows | CDZ | +$5 M | +$18 M | +$11 M | +$43 M | -$94 M |
TQCD | +$141 M | +$480 M | +$1,323 M | +$1,923 M | +$2,547 M |
CDZ vs TQCD exposure
Countries
CDZ
Canada
97.30%
TQCD
Canada
93.29%
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%
TQCD
Finance
44.80%
Energy
18.00%
Non-Energy Materials
14.79%
Industrials
8.94%
Other
13.47%
As of July 30, 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%
TQCD
Canadian Imperial Bank of Commerce
4.05%
The Bank of Nova Scotia
3.93%
National Bank of Canada
3.91%
Bank of Montreal
3.89%
Royal Bank of Canada
3.86%
The Toronto-Dominion Bank
3.84%
Manulife Financial Corp.
3.45%
Barrick Mining Corp.
3.06%
Pembina Pipeline Corp.
2.91%
Brookfield Asset Management Ltd.
2.90%
Diversification
CDZ
Total weight of top 10 holdings out of 96 total
22.95%
TQCD
Total weight of top 10 holdings out of 79 total
35.80%
Characteristics
Compare
CDZ
TQCD
| Provider | iShares | TD Asset Management |
| 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 | 2.93% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | September 8, 2006 | November 26, 2019 |
Frequently asked questions about CDZ and TQCD
Which ETF has performed better year to date: CDZ or TQCD?
As of July 30, 2026, CDZ has returned 18.07% year to date, while TQCD has returned 19.86%. TQCD is ahead on YTD performance.
Which ETF is larger by assets under management: CDZ or TQCD?
As of July 30, 2026, CDZ manages $1.28 B in assets, while TQCD manages $3.48 B. TQCD is the larger fund by AUM.
How are CDZ and TQCD managed?
CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark. TQCD is actively managed by TD Asset Management. It does not track an index.
What sectors do CDZ and TQCD emphasize?
CDZ is most exposed to Finance, Energy, and Industrials. TQCD is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: CDZ or TQCD?
Year to date, CDZ has seen +$10.75 M in net flows, compared with +$1,323.46 M for TQCD. TQCD has attracted more net investor money so far.
How do the fees of CDZ and TQCD compare?
CDZ has an expense ratio of 0.66%, while TQCD has an expense ratio of 0.39%.
What are the top holdings of CDZ and TQCD?
CDZ's largest holdings include South Bow Corp., Westshore Terminals Investment Corp., and Gibson Energy, Inc.. TQCD's top holdings include Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and National Bank of Canada.
Which ETF is more diversified: CDZ or TQCD?
CDZ holds 96 securities, while TQCD holds 79. On holdings count, CDZ is the more diversified portfolio.
Recent articles about CDZ and TQCD
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