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Compare CIBC Qx Canadian Low Volatility Dividend ETF (CQLC) vs iShares Canadian Select Dividend Index ETF (XDV) to find the best fit for your portfolio. CQLC provides Finance, Energy, and Utilities exposures, while XDV is primarily weighted in Finance, Utilities, and Energy. When evaluating costs, CQLC features a management fee (MER) of 0.3%, compared to 0.5% for XDV. Performance-wise, CQLC has returned 21.77% year-to-date with -$3 M in net flows, whereas XDV is at 25.71% with +$14 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
XDV
| AuM | $754.06 M | $2,673.93 M |
| Management Fees | 0.30% | 0.50% |
| Exp. ratio | 0.34% | 0.55% |
| Tracking Difference | - | -1.01% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CQLC | +2.15% | +10.31% | +21.77% | +34.68% | +81.03% |
XDV | +3.77% | +12.11% | +25.71% | +47.00% | +98.46% | |
| Flows | CQLC | +$6 M | -$6 M | -$3 M | -$13 M | +$535 M |
XDV | +$0 M | +$5 M | +$14 M | +$30 M | -$72 M |
CQLC vs XDV exposure
Countries
CQLC
Canada
99.88%
XDV
Canada
99.69%
Sectors
CQLC
Finance
49.89%
Energy
16.10%
Utilities
14.20%
Consumer Non-Cyclicals
10.00%
Telecommunications
7.25%
XDV
Finance
54.83%
Utilities
10.77%
Energy
9.93%
Consumer Non-Cyclicals
9.24%
Other
15.22%
As of July 31, 2026
Top 10 Holdings
CQLC
Power Corp of Canada
5.13%
Great-West Lifeco, Inc.
4.74%
Royal Bank of Canada
4.68%
Quebecor, Inc.
4.49%
The Toronto-Dominion Bank
3.62%
Canadian Imperial Bank of Commerce
3.50%
Fortis, Inc.
3.43%
Emera, Inc.
3.39%
National Bank of Canada
3.30%
Hydro One Ltd.
3.28%
XDV
Royal Bank of Canada
9.05%
Bank of Montreal
8.94%
Canadian Tire Corp. Ltd.
7.68%
The Toronto-Dominion Bank
5.88%
The Bank of Nova Scotia
5.68%
Canadian Imperial Bank of Commerce
5.38%
Sun Life Financial, Inc.
4.88%
Great-West Lifeco, Inc.
4.09%
TC Energy Corp.
4.00%
Cogeco Communications, Inc.
3.65%
Diversification
CQLC
Total weight of top 10 holdings out of 40 total
39.57%
XDV
Total weight of top 10 holdings out of 30 total
59.23%
Characteristics
Compare
CQLC
XDV
| Provider | CIBC | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | Dow Jones Canada Select Dividend Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.48% | 3.30% |
| Meets ESG criteria | No | No |
| Inception Date | November 16, 2021 | December 19, 2005 |
Frequently asked questions about CQLC and XDV
Which ETF has performed better year to date: CQLC or XDV?
As of July 31, 2026, CQLC has returned 21.77% year to date, while XDV has returned 25.71%. XDV is ahead on YTD performance.
Which ETF is larger by assets under management: CQLC or XDV?
As of July 31, 2026, CQLC manages $754.06 M in assets, while XDV manages $2.67 B. XDV is the larger fund by AUM.
How are CQLC and XDV managed?
CQLC is actively managed by CIBC. It does not track an index. XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark.
What sectors do CQLC and XDV emphasize?
CQLC is most exposed to Finance, Energy, and Utilities. XDV is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: CQLC or XDV?
Year to date, CQLC has seen -$2.80 M in net flows, compared with +$14.45 M for XDV. XDV has attracted more net investor money so far.
How do the fees of CQLC and XDV compare?
CQLC has an expense ratio of 0.34%, while XDV has an expense ratio of 0.55%.
What are the top holdings of CQLC and XDV?
CQLC's largest holdings include Power Corp of Canada, Great-West Lifeco, Inc., and Royal Bank of Canada. XDV's top holdings include Royal Bank of Canada, Bank of Montreal, and Canadian Tire Corp. Ltd..
Which ETF is more diversified: CQLC or XDV?
CQLC holds 40 securities, while XDV holds 30. On holdings count, CQLC is the more diversified portfolio.
Recent articles about CQLC and XDV
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