VS
Compare iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) vs iShares S&P/TSX Completion Index ETF (XMD) to find the best fit for your portfolio. CDZ provides Finance, Energy, and Industrials exposures, while XMD is primarily weighted in Non-Energy Materials, Finance, and Energy. When evaluating costs, CDZ features a management fee (MER) of 0.6%, compared to 0.55% for XMD. Performance-wise, CDZ has returned 13.21% year-to-date with +$9 M in net flows, whereas XMD is at 12.69% with +$222 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
XMD
| AuM | $1,218.95 M | $883.79 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.66% | 0.60% |
| Tracking Difference | -0.88% | -0.91% |
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% |
XMD | -1.78% | +3.42% | +12.69% | +25.64% | +100.33% | |
| Flows | CDZ | -$19 M | +$7 M | +$9 M | +$37 M | -$91 M |
XMD | +$37 M | +$112 M | +$222 M | +$329 M | +$392 M |
CDZ vs XMD exposure
Countries
CDZ
Canada
97.47%
XMD
Canada
92.02%
Other
7.98%
Sectors
CDZ
Finance
28.58%
Energy
19.61%
Industrials
14.55%
Utilities
9.21%
Consumer Non-Cyclicals
7.32%
Other
20.73%
XMD
Non-Energy Materials
32.40%
Finance
18.25%
Energy
15.45%
Industrials
14.87%
Other
19.03%
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%
XMD
Bombardier, Inc.
2.94%
RB Global, Inc.
2.90%
Pan American Silver Corp.
2.63%
Great-West Lifeco, Inc.
2.44%
Lundin Mining Corp.
2.44%
Whitecap Resources, Inc.
2.02%
ARC Resources Ltd.
1.89%
iA Financial Corp., Inc.
1.88%
Toromont Industries Ltd.
1.78%
AltaGas Ltd.
1.76%
Diversification
CDZ
Total weight of top 10 holdings out of 95 total
24.20%
XMD
Total weight of top 10 holdings out of 159 total
22.69%
Characteristics
Compare
CDZ
XMD
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD | S&P/TSX Completion Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.06% | 0.93% |
| Meets ESG criteria | No | No |
| Inception Date | September 8, 2006 | March 2, 2001 |
Frequently asked questions about CDZ and XMD
Which ETF has performed better year to date: CDZ or XMD?
As of September 11, 2026, CDZ has returned 13.21% year to date, while XMD has returned 12.69%. CDZ is ahead on YTD performance.
Which ETF is larger by assets under management: CDZ or XMD?
As of September 11, 2026, CDZ manages $1.22 B in assets, while XMD manages $883.79 M. CDZ is the larger fund by AUM.
How are CDZ and XMD managed?
CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark. XMD is passively managed by iShares. It tracks the S&P/TSX Completion Total Return Index - CAD benchmark.
What sectors do CDZ and XMD emphasize?
CDZ is most exposed to Finance, Energy, and Industrials. XMD is most exposed to Non-Energy Materials, Finance, and Energy.
Which ETF is attracting more investor flows: CDZ or XMD?
Year to date, CDZ has seen +$8.62 M in net flows, compared with +$221.98 M for XMD. XMD has attracted more net investor money so far.
How do the fees of CDZ and XMD compare?
CDZ has an expense ratio of 0.66%, while XMD has an expense ratio of 0.60%.
What are the top holdings of CDZ and XMD?
CDZ's largest holdings include South Bow Corp., Mullen Group Ltd., and Gibson Energy, Inc.. XMD's top holdings include Bombardier, Inc., RB Global, Inc., and Pan American Silver Corp..
Which ETF is more diversified: CDZ or XMD?
CDZ holds 95 securities, while XMD holds 159. On holdings count, XMD is the more diversified portfolio.
Recent articles about CDZ and XMD
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.