VS
Evolve Canadian Utilities Yield Fund ETF (CUTE) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CUTE focuses its top 3 sector exposures on Energy, Utilities, and Telecommunications, while XDIV leans towards Finance, Energy, and Utilities. When evaluating costs, CUTE features a management fee (MER) of 0.6%, compared to 0.1% for XDIV. 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
CUTE
XDIV
| AuM | $1.86 M | $6,115.75 M |
| Management Fees | 0.60% | 0.10% |
| Exp. ratio | 0.60% | 0.11% |
| Tracking Difference | - | 1.09% |
Historical performance and flows
As of August 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUTE | -5.29% | - | - | - | - |
XDIV | -1.48% | +8.28% | +27.06% | +43.01% | +111.87% | |
| Flows | CUTE | +$1 M | - | - | - | - |
XDIV | +$87 M | +$475 M | +$1,342 M | +$1,919 M | +$3,419 M |
CUTE vs XDIV exposure
Countries
CUTE
Canada
98.62%
XDIV
Canada
95.43%
Sectors
CUTE
Energy
42.34%
Utilities
30.35%
Telecommunications
25.92%
XDIV
Finance
47.81%
Energy
28.87%
Utilities
9.39%
Other
13.94%
As of August 28, 2026
Top 10 Holdings
CUTE
Pembina Pipeline Corp.
11.06%
AltaGas Ltd.
10.77%
TC Energy Corp.
10.40%
Emera, Inc.
10.33%
Fortis, Inc.
10.22%
Enbridge, Inc.
10.12%
Hydro One Ltd.
9.80%
Rogers Communications, Inc.
9.40%
BCE, Inc.
9.02%
TELUS Corp.
7.50%
XDIV
Manulife Financial Corp.
9.89%
Royal Bank of Canada
9.62%
The Toronto-Dominion Bank
9.33%
Sun Life Financial, Inc.
8.48%
Suncor Energy, Inc.
8.06%
Canadian Natural Resources Ltd.
8.04%
Power Corp of Canada
6.54%
Pembina Pipeline Corp.
5.41%
Fortis, Inc.
5.40%
Restaurant Brands International, Inc.
4.41%
Diversification
CUTE
Total weight of top 10 holdings out of 10 total
98.62%
XDIV
Total weight of top 10 holdings out of 21 total
75.18%
Characteristics
Compare
CUTE
XDIV
| Provider | Evolve ETFs | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 3.12% |
| Meets ESG criteria | No | No |
| Inception Date | July 13, 2026 | June 7, 2017 |
Frequently asked questions about CUTE and XDIV
Which ETF is larger by assets under management: CUTE or XDIV?
As of August 28, 2026, CUTE manages $1.86 M in assets, while XDIV manages $6.12 B. XDIV is the larger fund by AUM.
How are CUTE and XDIV managed?
CUTE is actively managed by Evolve ETFs. It does not track an index. XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark.
What sectors do CUTE and XDIV emphasize?
CUTE is most exposed to Energy, Utilities, and Telecommunications. XDIV is most exposed to Finance, Energy, and Utilities.
How do the fees of CUTE and XDIV compare?
CUTE has an expense ratio of 0.60%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of CUTE and XDIV?
CUTE's largest holdings include Pembina Pipeline Corp., AltaGas Ltd., and TC Energy Corp.. XDIV's top holdings include Manulife Financial Corp., Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: CUTE or XDIV?
CUTE holds 10 securities, while XDIV holds 21. On holdings count, XDIV is the more diversified portfolio.
Recent articles about CUTE and XDIV
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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.