Compare TD Q Canadian Dividend ETF (TQCD) vs BMO Canadian Dividend ETF (ZDV) to find the best fit for your portfolio. TQCD and ZDV provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, TQCD features a management fee (MER) of 0.35%, compared to 0.35% for ZDV. Performance-wise, TQCD has returned 20.47% year-to-date with +$2 B in net flows, whereas ZDV is at 24% with +$189 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
TQCD
ZDV
| AuM | $3,857.62 M | $1,921.78 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.39% | 0.39% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TQCD | -0.16% | +2.63% | +20.47% | +26.75% | +119.60% |
ZDV | -0.10% | +1.99% | +24.00% | +31.31% | +105.42% | |
| Flows | TQCD | +$172 M | +$440 M | +$1,700 M | +$2,010 M | +$2,897 M |
ZDV | +$3 M | +$17 M | +$189 M | +$222 M | +$196 M |
TQCD vs ZDV exposure
Countries
TQCD
Canada
93.13%
ZDV
Canada
95.24%
Sectors
TQCD
Finance
41.66%
Energy
18.48%
Non-Energy Materials
17.84%
Industrials
8.28%
Other
13.75%
ZDV
Finance
42.11%
Energy
21.35%
Non-Energy Materials
14.13%
Other
22.42%
As of October 19, 2026
Top 10 Holdings
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%
ZDV
Royal Bank of Canada
8.56%
The Toronto-Dominion Bank
7.16%
The Bank of Nova Scotia
5.18%
Canadian Imperial Bank of Commerce
4.55%
Canadian Natural Resources Ltd.
4.51%
Enbridge, Inc.
4.22%
Bank of Montreal
3.07%
Agnico Eagle Mines Ltd.
2.71%
Barrick Mining Corp.
2.51%
Suncor Energy, Inc.
2.11%
Diversification
TQCD
Total weight of top 10 holdings out of 77 total
34.90%
ZDV
Total weight of top 10 holdings out of 61 total
44.59%
Characteristics
Compare
TQCD
ZDV
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.54% | 2.65% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | October 27, 2011 |
Frequently asked questions about TQCD and ZDV
Which ETF has performed better year to date: TQCD or ZDV?
As of October 19, 2026, TQCD has returned 20.47% year to date, while ZDV has returned 24.00%. ZDV is ahead on YTD performance.
Which ETF is larger by assets under management: TQCD or ZDV?
As of October 19, 2026, TQCD manages $3.86 B in assets, while ZDV manages $1.92 B. TQCD is the larger fund by AUM.
How are TQCD and ZDV managed?
TQCD is actively managed by TD Asset Management. It does not track an index. ZDV is actively managed by BMO. It does not track an index.
What sectors do TQCD and ZDV emphasize?
TQCD is most exposed to Finance, Energy, and Non-Energy Materials. ZDV is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: TQCD or ZDV?
Year to date, TQCD has seen +$1,700.10 M in net flows, compared with +$189.33 M for ZDV. TQCD has attracted more net investor money so far.
How do the fees of TQCD and ZDV compare?
TQCD has an expense ratio of 0.39%, while ZDV has an expense ratio of 0.39%.
What are the top holdings of TQCD and ZDV?
TQCD's largest holdings include The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank. ZDV's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia.
Which ETF is more diversified: TQCD or ZDV?
TQCD holds 77 securities, while ZDV holds 61. On holdings count, TQCD is the more diversified portfolio.
Recent articles about TQCD and ZDV
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