VS
Compare CI Morningstar Canada Value Index ETF (FXM) vs TD Q Canadian Dividend ETF (TQCD) to find the best fit for your portfolio. FXM provides Non-Energy Materials, Finance, and Energy exposures, while TQCD is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, FXM features a management fee (MER) of 0.6%, compared to 0.35% for TQCD. Performance-wise, FXM has returned 21.24% year-to-date with +$18 M in net flows, whereas TQCD is at 21.62% with +$2 B. 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
FXM
TQCD
| AuM | $555.02 M | $3,901.71 M |
| Management Fees | 0.60% | 0.35% |
| Exp. ratio | 0.64% | 0.39% |
| Tracking Difference | -0.96% | - |
Historical performance and flows
As of October 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FXM | +2.00% | +4.28% | +21.24% | +32.62% | +131.79% |
TQCD | +0.78% | +2.58% | +21.62% | +29.64% | +125.49% | |
| Flows | FXM | +$12 M | +$46 M | +$18 M | +$1 M | -$28 M |
TQCD | +$179 M | +$446 M | +$1,708 M | +$2,011 M | +$2,903 M |
FXM vs TQCD exposure
Countries
FXM
Canada
99.86%
TQCD
Canada
93.13%
Sectors
FXM
Non-Energy Materials
22.76%
Finance
16.61%
Energy
16.23%
Utilities
12.78%
Consumer Non-Cyclicals
9.39%
Telecommunications
8.76%
Other
13.46%
TQCD
Finance
41.66%
Energy
18.48%
Non-Energy Materials
17.84%
Industrials
8.28%
Other
13.75%
As of October 21, 2026
Top 10 Holdings
FXM
Centerra Gold, Inc.
4.70%
Torex Gold Resources, Inc.
3.89%
Russel Metals, Inc.
3.78%
CGI, Inc.
3.62%
The Bank of Nova Scotia
3.61%
OceanaGold Corp.
3.60%
Nutrien Ltd.
3.57%
Cenovus Energy, Inc.
3.57%
Open Text Corp.
3.54%
Parex Resources, Inc.
3.46%
TQCD
The Bank of Nova Scotia
3.89%
Canadian Imperial Bank of Commerce
3.72%
The Toronto-Dominion Bank
3.59%
Royal Bank of Canada
3.58%
National Bank of Canada
3.57%
Bank of Montreal
3.52%
Barrick Mining Corp.
3.51%
Manulife Financial Corp.
3.39%
Agnico Eagle Mines Ltd.
3.10%
Brookfield Asset Management Ltd.
3.03%
Diversification
FXM
Total weight of top 10 holdings out of 30 total
37.33%
TQCD
Total weight of top 10 holdings out of 77 total
34.90%
Characteristics
Compare
FXM
TQCD
| Provider | CI | TD Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Morningstar Canada Target Value Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.82% | 2.52% |
| Meets ESG criteria | No | No |
| Inception Date | February 13, 2012 | November 26, 2019 |
Frequently asked questions about FXM and TQCD
Which ETF has performed better year to date: FXM or TQCD?
As of October 21, 2026, FXM has returned 21.24% year to date, while TQCD has returned 21.62%. TQCD is ahead on YTD performance.
Which ETF is larger by assets under management: FXM or TQCD?
As of October 21, 2026, FXM manages $555.02 M in assets, while TQCD manages $3.90 B. TQCD is the larger fund by AUM.
How are FXM and TQCD managed?
FXM is passively managed by CI. It tracks the Morningstar Canada Target Value Total Return Index - CAD benchmark. TQCD is actively managed by TD Asset Management. It does not track an index.
What sectors do FXM and TQCD emphasize?
FXM is most exposed to Non-Energy Materials, Finance, and Energy. TQCD is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: FXM or TQCD?
Year to date, FXM has seen +$17.60 M in net flows, compared with +$1,707.50 M for TQCD. TQCD has attracted more net investor money so far.
How do the fees of FXM and TQCD compare?
FXM has an expense ratio of 0.64%, while TQCD has an expense ratio of 0.39%.
What are the top holdings of FXM and TQCD?
FXM's largest holdings include Centerra Gold, Inc., Torex Gold Resources, Inc., and Russel Metals, Inc.. TQCD's top holdings include The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank.
Which ETF is more diversified: FXM or TQCD?
FXM holds 30 securities, while TQCD holds 77. On holdings count, TQCD is the more diversified portfolio.
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