VS
Harvest Canadian Dividend Leaders Income ETF (HLIF) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HLIF focuses its top 3 sector exposures on Finance, Energy, and Utilities, while XDIV leans towards Finance, Energy, and Utilities. When evaluating costs, HLIF features a management fee (MER) of 0.65%, compared to 0.1% for XDIV. Performance-wise, HLIF has returned 19.21% year-to-date with +$47 M in net flows, whereas XDIV is at 27.38% with +$1 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
HLIF
XDIV
| AuM | $199.91 M | $6,162.13 M |
| Management Fees | 0.65% | 0.10% |
| Exp. ratio | 0.79% | 0.11% |
| Tracking Difference | - | 1.00% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HLIF | -0.66% | +3.33% | +19.21% | +30.28% | +81.28% |
XDIV | +0.07% | +5.79% | +27.38% | +41.21% | +110.11% | |
| Flows | HLIF | +$6 M | +$26 M | +$47 M | +$49 M | +$54 M |
XDIV | +$103 M | +$451 M | +$1,374 M | +$1,916 M | +$3,447 M |
HLIF vs XDIV exposure
Countries
HLIF
Canada
90.40%
USA
9.47%
XDIV
Canada
95.43%
Sectors
HLIF
Finance
40.32%
Energy
23.67%
Utilities
12.64%
Other
23.37%
XDIV
Finance
47.81%
Energy
28.87%
Utilities
9.39%
Other
13.94%
As of September 10, 2026
Top 10 Holdings
HLIF
Thomson Reuters Corp.
4.09%
Suncor Energy, Inc.
3.83%
Canadian Natural Resources Ltd.
3.65%
IGM Financial, Inc.
3.61%
Nutrien Ltd.
3.54%
Manulife Financial Corp.
3.52%
Power Corp of Canada
3.49%
Canadian Utilities Ltd.
3.43%
Sun Life Financial, Inc.
3.40%
Brookfield Asset Management Ltd.
3.37%
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
HLIF
Total weight of top 10 holdings out of 30 total
35.92%
XDIV
Total weight of top 10 holdings out of 21 total
75.18%
Characteristics
Compare
HLIF
XDIV
| Provider | Harvest Portfolios Group | 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 | 6.27% | 3.12% |
| Meets ESG criteria | No | No |
| Inception Date | June 13, 2022 | June 7, 2017 |
Frequently asked questions about HLIF and XDIV
Which ETF has performed better year to date: HLIF or XDIV?
As of September 10, 2026, HLIF has returned 19.21% year to date, while XDIV has returned 27.38%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: HLIF or XDIV?
As of September 10, 2026, HLIF manages $199.91 M in assets, while XDIV manages $6.16 B. XDIV is the larger fund by AUM.
How are HLIF and XDIV managed?
HLIF is actively managed by Harvest Portfolios Group. 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 HLIF and XDIV emphasize?
HLIF is most exposed to Finance, Energy, and Utilities. XDIV is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: HLIF or XDIV?
Year to date, HLIF has seen +$46.87 M in net flows, compared with +$1,373.55 M for XDIV. XDIV has attracted more net investor money so far.
How do the fees of HLIF and XDIV compare?
HLIF has an expense ratio of 0.79%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of HLIF and XDIV?
HLIF's largest holdings include Thomson Reuters Corp., Suncor Energy, Inc., and Canadian Natural Resources Ltd.. XDIV's top holdings include Manulife Financial Corp., Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: HLIF or XDIV?
HLIF holds 30 securities, while XDIV holds 21. On holdings count, HLIF is the more diversified portfolio.
Recent articles about HLIF 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.