VS
Purpose Enhanced Dividend Fund ETF (PDIV) and RBC North American Value Fund (RNAV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PDIV focuses its top 3 sector exposures on Financials, Energy, and Information Technology, while RNAV leans towards Financials, Energy, and Industrials. When evaluating costs, PDIV features a management fee (MER) of 0.65%, compared to 0.6% for RNAV. Performance-wise, PDIV has returned 8.05% year-to-date with +$12 M in net flows, whereas RNAV is at 9.63% with +$23 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
PDIV
RNAV
| AuM | $94.09 M | $89.88 M |
| Management Fees | 0.65% | 0.60% |
| Exp. ratio | 0.77% | 0.80% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PDIV | +2.46% | +6.46% | +8.05% | +18.00% | +39.80% |
RNAV | +2.11% | +8.37% | +9.63% | +24.54% | +75.04% | |
| Flows | PDIV | +$2 M | +$4 M | +$12 M | +$32 M | +$72 M |
RNAV | +$4 M | +$17 M | +$23 M | -$1 M | +$67 M |
PDIV vs RNAV exposure
Countries
PDIV
Canada
58.15%
USA
24.48%
Other
16.58%
RNAV
Canada
50.17%
Other
24.40%
USA
23.48%
Sectors
PDIV
Financials
26.33%
Other
16.85%
Energy
14.68%
Information Technology
10.20%
Other
31.94%
RNAV
Other
27.73%
Financials
21.70%
Energy
11.81%
Industrials
10.53%
Other
28.23%
As of June 12, 2026
Top 10 Holdings
PDIV
TORONTO DOMINION
4.58%
CDN IMPERIAL BK
3.68%
ROYAL BK CANADA
3.51%
ENBRIDGE
3.51%
MICROSOFT-T
3.51%
BNS
2.77%
MANULIFE-S
2.75%
TC ENERGY CORP
2.66%
NVIDIA
2.61%
AGNICO EAGLE MINES LTD
2.36%
RNAV
ROYAL BK CANADA
4.38%
TORONTO DOMINION
3.45%
CDN NATURAL RESOURCE
2.59%
CA11271J1075
2.09%
APPLE
2.03%
AMAZON.COM INC
1.90%
BANK OF MONTREAL
1.90%
JPMORGAN CHASE
1.78%
POWER CORPORATION OF CANADA
1.76%
TC ENERGY CORP
1.74%
Diversification
PDIV
Total weight of top 10 holdings out of 61 total
31.94%
RNAV
Total weight of top 10 holdings out of 104 total
23.62%
Characteristics
Compare
PDIV
RNAV
| Provider | Purpose Investments | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 10.78% | 1.21% |
| Meets ESG criteria | No | No |
| Inception Date | January 2, 2018 | March 8, 2023 |
Frequently asked questions about PDIV and RNAV
Which ETF has performed better year to date: PDIV or RNAV?
As of June 12, 2026, PDIV has returned 8.05% year to date, while RNAV has returned 9.63%. RNAV is ahead on YTD performance.
Which ETF is larger by assets under management: PDIV or RNAV?
As of June 12, 2026, PDIV manages $94.09 M in assets, while RNAV manages $89.88 M. PDIV is the larger fund by AUM.
How are PDIV and RNAV managed?
PDIV is actively managed by Purpose Investments. It does not track an index. RNAV is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do PDIV and RNAV emphasize?
PDIV is most exposed to Financials, Energy, and Information Technology. RNAV is most exposed to Financials, Energy, and Industrials.
Which ETF is attracting more investor flows: PDIV or RNAV?
Year to date, PDIV has seen +$12.15 M in net flows, compared with +$22.66 M for RNAV. RNAV has attracted more net investor money so far.
How do the fees of PDIV and RNAV compare?
PDIV has an expense ratio of 0.77%, while RNAV has an expense ratio of 0.80%.
What are the top holdings of PDIV and RNAV?
PDIV's largest holdings include TORONTO DOMINION, CDN IMPERIAL BK, and ROYAL BK CANADA. RNAV's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: PDIV or RNAV?
PDIV holds 61 securities, while RNAV holds 102. On holdings count, RNAV is the more diversified portfolio.
Recent articles about PDIV and RNAV
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