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Compare Invesco Canadian Dividend Index ETF (PDC) vs iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) to find the best fit for your portfolio. PDC and XDIV provide the same top sector exposures: Financials, Energy, and Utilities. When evaluating costs, PDC features a management fee (MER) of 0.5%, compared to 0.1% for XDIV. Performance-wise, PDC has returned 12.71% year-to-date with -$38 M in net flows, whereas XDIV is at 11.89% with +$635 M. 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
PDC
XDIV
| AuM | $977.38 M | $4,802.68 M |
| Management Fees | 0.50% | 0.10% |
| Exp. ratio | 0.54% | 0.11% |
| Tracking Difference | -0.90% | 1.11% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PDC | +3.87% | +9.81% | +12.71% | +42.03% | +67.95% |
XDIV | +5.01% | +10.16% | +11.89% | +39.32% | +81.73% | |
| Flows | PDC | -$2 M | -$35 M | -$38 M | -$62 M | -$212 M |
XDIV | +$185 M | +$494 M | +$635 M | +$1,708 M | +$2,754 M |
PDC vs XDIV exposure
Countries
PDC
Canada
96.65%
XDIV
Canada
99.74%
Sectors
PDC
Financials
40.97%
Energy
23.46%
Utilities
13.07%
Other
22.50%
XDIV
Financials
44.40%
Energy
30.05%
Utilities
12.04%
Consumer Discretionary
11.40%
As of April 24, 2026
Top 10 Holdings
PDC
ENBRIDGE
8.61%
TORONTO DOMINION
7.86%
CDN IMPERIAL BK
7.70%
BANK OF MONTREAL
7.67%
BNS
7.48%
CDN NATURAL RESOURCE
4.79%
NUTRIEN LTD
4.21%
PEMBINA PIPELINE
4.21%
FORTIS
4.05%
MANULIFE-S
3.96%
XDIV
SUNCOR ENERGY
10.68%
TORONTO DOMINION
8.70%
ROYAL BK CANADA
8.50%
MANULIFE-S
8.25%
SUN LIFE FINL
8.23%
FORTIS
6.99%
POWER CORPORATION OF CANADA
6.59%
PEMBINA PIPELINE
6.45%
RESTAURANT BRANDS INTL
6.04%
TOURMALINE OIL
4.36%
Diversification
PDC
Total weight of top 10 holdings out of 46 total
60.54%
XDIV
Total weight of top 10 holdings out of 21 total
74.80%
Characteristics
Compare
PDC
XDIV
| Provider | Invesco | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | NASDAQ Select Canadian Dividend Total Return Index - CAD | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.46% | 3.47% |
| Meets ESG criteria | No | No |
| Inception Date | June 16, 2011 | June 7, 2017 |
Frequently asked questions about PDC and XDIV
Which ETF has performed better year to date: PDC or XDIV?
As of April 24, 2026, PDC has returned 12.71% year to date, while XDIV has returned 11.89%. PDC is ahead on YTD performance.
Which ETF is larger by assets under management: PDC or XDIV?
As of April 24, 2026, PDC manages $977.38 M in assets, while XDIV manages $4.80 B. XDIV is the larger fund by AUM.
How are PDC and XDIV managed?
PDC is passively managed by Invesco. It tracks the NASDAQ Select Canadian Dividend Total Return Index - CAD benchmark. 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 PDC and XDIV emphasize?
PDC is most exposed to Financials, Energy, and Utilities. XDIV is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: PDC or XDIV?
Year to date, PDC has seen -$37.54 M in net flows, compared with +$634.81 M for XDIV. XDIV has attracted more net investor money so far.
How do the fees of PDC and XDIV compare?
PDC has an expense ratio of 0.54%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of PDC and XDIV?
PDC's largest holdings include ENBRIDGE, TORONTO DOMINION, and CDN IMPERIAL BK. XDIV's top holdings include SUNCOR ENERGY, TORONTO DOMINION, and ROYAL BK CANADA.
Which ETF is more diversified: PDC or XDIV?
PDC holds 43 securities, while XDIV holds 21. On holdings count, PDC is the more diversified portfolio.
Recent articles about PDC 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.