VS
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) and BMO SIA Focused Canadian Equity Fund ETF (ZFC) 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 ZFC leans towards Finance, Energy, and Industrials. When evaluating costs, CDZ features a management fee (MER) of 0.6%, compared to 0.75% for ZFC. Performance-wise, CDZ has returned 13.21% year-to-date with +$9 M in net flows, whereas ZFC is at 13.33% with -$5 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
ZFC
| AuM | $1,218.95 M | $83.16 M |
| Management Fees | 0.60% | 0.75% |
| Exp. ratio | 0.66% | 0.84% |
| 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% |
ZFC | -3.97% | -5.77% | +13.33% | +19.75% | +47.00% | |
| Flows | CDZ | -$19 M | +$7 M | +$9 M | +$37 M | -$91 M |
ZFC | +$4 M | +$5 M | -$5 M | -$1 M | +$7 M |
CDZ vs ZFC exposure
Countries
CDZ
Canada
97.47%
ZFC
Canada
89.66%
Other
10.34%
Sectors
CDZ
Finance
28.58%
Energy
19.61%
Industrials
14.55%
Utilities
9.21%
Consumer Non-Cyclicals
7.32%
Other
20.73%
ZFC
Finance
36.85%
Energy
22.85%
Industrials
22.64%
Other
17.66%
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%
ZFC
ATCO Ltd.
6.61%
IGM Financial, Inc.
6.46%
Power Corp of Canada
6.34%
AltaGas Ltd.
6.33%
Bank of Montreal
6.28%
Canadian Imperial Bank of Commerce
6.27%
Quebecor, Inc.
6.12%
National Bank of Canada
6.09%
Tamarack Valley Energy Ltd.
6.02%
Exchange Income Corp.
6.00%
Diversification
CDZ
Total weight of top 10 holdings out of 95 total
24.20%
ZFC
Total weight of top 10 holdings out of 17 total
62.51%
Characteristics
Compare
CDZ
ZFC
| Provider | iShares | BMO |
| 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% | 0.14% |
| Meets ESG criteria | No | No |
| Inception Date | September 8, 2006 | December 11, 2018 |
Frequently asked questions about CDZ and ZFC
Which ETF has performed better year to date: CDZ or ZFC?
As of September 11, 2026, CDZ has returned 13.21% year to date, while ZFC has returned 13.33%. ZFC is ahead on YTD performance.
Which ETF is larger by assets under management: CDZ or ZFC?
As of September 11, 2026, CDZ manages $1.22 B in assets, while ZFC manages $83.16 M. CDZ is the larger fund by AUM.
How are CDZ and ZFC managed?
CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark. ZFC is actively managed by BMO. It does not track an index.
What sectors do CDZ and ZFC emphasize?
CDZ is most exposed to Finance, Energy, and Industrials. ZFC is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: CDZ or ZFC?
Year to date, CDZ has seen +$8.62 M in net flows, compared with -$4.80 M for ZFC. CDZ has attracted more net investor money so far.
How do the fees of CDZ and ZFC compare?
CDZ has an expense ratio of 0.66%, while ZFC has an expense ratio of 0.84%.
What are the top holdings of CDZ and ZFC?
CDZ's largest holdings include South Bow Corp., Mullen Group Ltd., and Gibson Energy, Inc.. ZFC's top holdings include ATCO Ltd., IGM Financial, Inc., and Power Corp of Canada.
Which ETF is more diversified: CDZ or ZFC?
CDZ holds 95 securities, while ZFC holds 17. On holdings count, CDZ is the more diversified portfolio.
Recent articles about CDZ and ZFC
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