VS
Compare CIBC Qx Canadian Low Volatility Dividend ETF (CQLC) vs Manulife Smart Dividend ETF (CDIV) to find the best fit for your portfolio. CQLC provides Finance, Energy, and Utilities exposures, while CDIV is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, CQLC features a management fee (MER) of 0.3%, compared to 0.25% for CDIV. Performance-wise, CQLC has returned 20.85% year-to-date with +$13 M in net flows, whereas CDIV is at 17.92% with +$904 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
CQLC
CDIV
| AuM | $759.21 M | $2,030.81 M |
| Management Fees | 0.30% | 0.25% |
| Exp. ratio | 0.34% | 0.28% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CQLC | +5.52% | -1.13% | +20.85% | +27.84% | +96.02% |
CDIV | +2.14% | -0.67% | +17.92% | +25.73% | +104.78% | |
| Flows | CQLC | +$1 M | +$16 M | +$13 M | +$2 M | +$552 M |
CDIV | +$79 M | +$326 M | +$904 M | +$956 M | +$1,180 M |
CQLC vs CDIV exposure
Countries
CQLC
Canada
99.59%
CDIV
Canada
96.50%
Sectors
CQLC
Finance
50.62%
Energy
15.74%
Utilities
13.70%
Consumer Non-Cyclicals
10.30%
Other
9.63%
CDIV
Finance
39.84%
Energy
18.24%
Non-Energy Materials
15.41%
Other
26.51%
As of October 30, 2026
Top 10 Holdings
CQLC
Power Corp of Canada
5.47%
Great-West Lifeco, Inc.
4.94%
Royal Bank of Canada
4.68%
Quebecor, Inc.
4.24%
The Toronto-Dominion Bank
3.68%
The Bank of Nova Scotia
3.58%
Canadian Imperial Bank of Commerce
3.51%
Fortis, Inc.
3.33%
Emera, Inc.
3.21%
National Bank of Canada
3.14%
CDIV
The Toronto-Dominion Bank
5.32%
Canadian Imperial Bank of Commerce
4.02%
The Bank of Nova Scotia
4.01%
Bank of Montreal
3.99%
Manulife Financial Corp.
3.97%
Enbridge, Inc.
3.96%
Canadian National Railway Co.
3.95%
Barrick Mining Corp.
3.83%
Nutrien Ltd.
2.84%
Pembina Pipeline Corp.
2.69%
Diversification
CQLC
Total weight of top 10 holdings out of 40 total
39.77%
CDIV
Total weight of top 10 holdings out of 54 total
38.59%
Characteristics
Compare
CQLC
CDIV
| Provider | CIBC | Manulife Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.83% | 1.85% |
| Meets ESG criteria | No | No |
| Inception Date | November 16, 2021 | November 10, 2020 |
Frequently asked questions about CQLC and CDIV
Which ETF has performed better year to date: CQLC or CDIV?
As of October 30, 2026, CQLC has returned 20.85% year to date, while CDIV has returned 17.92%. CQLC is ahead on YTD performance.
Which ETF is larger by assets under management: CQLC or CDIV?
As of October 30, 2026, CQLC manages $759.21 M in assets, while CDIV manages $2.03 B. CDIV is the larger fund by AUM.
How are CQLC and CDIV managed?
CQLC is actively managed by CIBC. It does not track an index. CDIV is actively managed by Manulife Investments. It does not track an index.
What sectors do CQLC and CDIV emphasize?
CQLC is most exposed to Finance, Energy, and Utilities. CDIV is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: CQLC or CDIV?
Year to date, CQLC has seen +$13.32 M in net flows, compared with +$904.31 M for CDIV. CDIV has attracted more net investor money so far.
How do the fees of CQLC and CDIV compare?
CQLC has an expense ratio of 0.34%, while CDIV has an expense ratio of 0.28%.
What are the top holdings of CQLC and CDIV?
CQLC's largest holdings include Power Corp of Canada, Great-West Lifeco, Inc., and Royal Bank of Canada. CDIV's top holdings include The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, and The Bank of Nova Scotia.
Which ETF is more diversified: CQLC or CDIV?
CQLC holds 40 securities, while CDIV holds 54. On holdings count, CDIV is the more diversified portfolio.
Recent articles about CQLC and CDIV
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