VS
Harvest Canadian Dividend Leaders Income ETF (HLIF) and BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV) 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 ZDIV leans towards Finance, Energy, and Utilities. When evaluating costs, HLIF features a management fee (MER) of 0.65%, 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
HLIF
ZDIV
| AuM | $202.41 M | $12.49 M |
| Management Fees | 0.65% | 0.09% |
| Exp. ratio | 0.79% | 0.09% |
| Tracking Difference | - | 0.60% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HLIF | -0.84% | +2.75% | +19.57% | +30.09% | +81.82% |
ZDIV | -0.85% | +3.01% | - | - | - | |
| Flows | HLIF | +$8 M | +$28 M | +$49 M | +$51 M | +$56 M |
ZDIV | +$0 M | -$7 M | - | - | - |
HLIF vs ZDIV exposure
Countries
HLIF
Canada
90.40%
USA
9.47%
ZDIV
Canada
96.37%
Sectors
HLIF
Finance
40.32%
Energy
23.67%
Utilities
12.64%
Other
23.37%
ZDIV
Finance
32.71%
Energy
31.09%
Utilities
11.61%
Other
24.59%
As of September 11, 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%
ZDIV
Manulife Financial Corp.
5.64%
Sun Life Financial, Inc.
5.55%
Power Corp of Canada
5.41%
National Bank of Canada
5.16%
Fortis, Inc.
4.94%
Pembina Pipeline Corp.
4.87%
Nutrien Ltd.
4.74%
Enbridge, Inc.
4.67%
Suncor Energy, Inc.
4.59%
Canadian Natural Resources Ltd.
4.59%
Diversification
HLIF
Total weight of top 10 holdings out of 30 total
35.92%
ZDIV
Total weight of top 10 holdings out of 50 total
50.14%
Characteristics
Compare
HLIF
ZDIV
| Provider | Harvest Portfolios Group | 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 | 6.25% | - |
| Meets ESG criteria | No | No |
| Inception Date | June 13, 2022 | February 3, 2026 |
Frequently asked questions about HLIF and ZDIV
Which ETF is larger by assets under management: HLIF or ZDIV?
As of September 11, 2026, HLIF manages $202.41 M in assets, while ZDIV manages $12.49 M. HLIF is the larger fund by AUM.
How are HLIF and ZDIV managed?
HLIF is actively managed by Harvest Portfolios Group. 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 HLIF and ZDIV emphasize?
HLIF is most exposed to Finance, Energy, and Utilities. ZDIV is most exposed to Finance, Energy, and Utilities.
How do the fees of HLIF and ZDIV compare?
HLIF has an expense ratio of 0.79%, while ZDIV has an expense ratio of 0.09%.
What are the top holdings of HLIF and ZDIV?
HLIF's largest holdings include Thomson Reuters Corp., Suncor Energy, Inc., and Canadian Natural Resources Ltd.. ZDIV's top holdings include Manulife Financial Corp., Sun Life Financial, Inc., and Power Corp of Canada.
Which ETF is more diversified: HLIF or ZDIV?
HLIF holds 30 securities, while ZDIV holds 50. On holdings count, ZDIV is the more diversified portfolio.
Recent articles about HLIF and ZDIV
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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.