VS
Compare CIBC Qx Canadian Low Volatility Dividend ETF (CQLC) vs BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV) to find the best fit for your portfolio. CQLC and ZDIV provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, CQLC features a management fee (MER) of 0.3%, compared to 0.09% for ZDIV. 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
ZDIV
| AuM | $754.06 M | $12.74 M |
| Management Fees | 0.30% | 0.09% |
| Exp. ratio | 0.34% | 0.09% |
| Tracking Difference | - | 0.51% |
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% |
ZDIV | +5.63% | +8.37% | - | - | - | |
| Flows | CQLC | +$6 M | -$6 M | -$3 M | -$13 M | +$535 M |
ZDIV | +$2 M | -$8 M | - | - | - |
CQLC vs ZDIV exposure
Countries
CQLC
Canada
99.88%
ZDIV
Canada
96.41%
Sectors
CQLC
Finance
49.89%
Energy
16.10%
Utilities
14.20%
Consumer Non-Cyclicals
10.00%
Telecommunications
7.25%
ZDIV
Finance
32.81%
Energy
30.17%
Utilities
12.54%
Other
24.47%
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%
ZDIV
Sun Life Financial, Inc.
5.64%
Manulife Financial Corp.
5.56%
Power Corp of Canada
5.37%
Fortis, Inc.
5.35%
National Bank of Canada
5.34%
Enbridge, Inc.
5.03%
Pembina Pipeline Corp.
4.86%
Nutrien Ltd.
4.42%
Magna International, Inc.
4.17%
Canadian Natural Resources Ltd.
4.11%
Diversification
CQLC
Total weight of top 10 holdings out of 40 total
39.57%
ZDIV
Total weight of top 10 holdings out of 50 total
49.86%
Characteristics
Compare
CQLC
ZDIV
| Provider | CIBC | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada IMI High Dividend Yield Select Index NET - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.48% | - |
| Meets ESG criteria | No | No |
| Inception Date | November 16, 2021 | February 3, 2026 |
Frequently asked questions about CQLC and ZDIV
Which ETF is larger by assets under management: CQLC or ZDIV?
As of July 31, 2026, CQLC manages $754.06 M in assets, while ZDIV manages $12.74 M. CQLC is the larger fund by AUM.
How are CQLC and ZDIV managed?
CQLC is actively managed by CIBC. It does not track an index. ZDIV is passively managed by BMO. It tracks the MSCI Canada IMI High Dividend Yield Select Index NET - CAD benchmark.
What sectors do CQLC and ZDIV emphasize?
CQLC is most exposed to Finance, Energy, and Utilities. ZDIV is most exposed to Finance, Energy, and Utilities.
How do the fees of CQLC and ZDIV compare?
CQLC has an expense ratio of 0.34%, while ZDIV has an expense ratio of 0.09%.
What are the top holdings of CQLC and ZDIV?
CQLC's largest holdings include Power Corp of Canada, Great-West Lifeco, Inc., and Royal Bank of Canada. ZDIV's top holdings include Sun Life Financial, Inc., Manulife Financial Corp., and Power Corp of Canada.
Which ETF is more diversified: CQLC or ZDIV?
CQLC holds 40 securities, while ZDIV holds 50. On holdings count, ZDIV is the more diversified portfolio.
Recent articles about CQLC and ZDIV
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.