VS
Manulife Smart US Dividend ETF (UDIV) and CI U.S. Enhanced Value Index ETF (CVLU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UDIV focuses its top 3 sector exposures on Technology, Finance, and Industrials, while CVLU leans towards Technology, Healthcare, and Finance. When evaluating costs, UDIV features a management fee (MER) of 0.33%, compared to 0.3% for CVLU. Performance-wise, UDIV has returned 18.23% year-to-date with +$11 M in net flows, whereas CVLU is at 18.1% with -$0 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
UDIV
CVLU
| AuM | $102.92 M | $8.10 M |
| Management Fees | 0.33% | 0.30% |
| Exp. ratio | 0.37% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UDIV | -0.32% | -2.98% | +18.23% | +17.80% | +59.86% |
CVLU | +0.24% | +0.33% | +18.10% | +19.95% | - | |
| Flows | UDIV | +$6 M | +$1 M | +$11 M | +$9 M | -$37 M |
CVLU | +$0 M | +$0 M | -$0 M | -$1 M | - |
UDIV vs CVLU exposure
Countries
UDIV
USA
94.55%
CVLU
USA
97.03%
Sectors
UDIV
Technology
45.31%
Finance
23.01%
Industrials
7.38%
Other
24.31%
CVLU
Technology
38.63%
Healthcare
15.01%
Finance
14.74%
Industrials
8.44%
Other
23.18%
As of November 11, 2026
Top 10 Holdings
UDIV
NVIDIA Corp.
8.28%
Microsoft Corp.
5.89%
Cisco Systems, Inc.
3.39%
Lam Research Corp.
2.97%
Apple, Inc.
2.80%
Verizon Communications, Inc.
2.64%
United Parcel Service, Inc.
2.59%
Broadcom Inc.
2.43%
HP, Inc.
2.27%
Johnson & Johnson
2.13%
CVLU
Microsoft Corp.
8.37%
NVIDIA Corp.
7.47%
Apple, Inc.
5.14%
Micron Technology, Inc.
3.44%
Meta Platforms, Inc.
2.04%
Johnson & Johnson
1.48%
JPMorgan Chase & Co.
1.35%
UnitedHealth Group, Inc.
1.17%
Cisco Systems, Inc.
1.15%
Eli Lilly & Co.
1.14%
Diversification
UDIV
Total weight of top 10 holdings out of 105 total
35.39%
CVLU
Total weight of top 10 holdings out of 800 total
32.75%
Characteristics
Compare
UDIV
CVLU
| Provider | Manulife Investments | CI |
| Management | Actively managed | Passively managed |
| Benchmark | - | VettaFi US Enhanced Value Index - USD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 1.53% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | January 16, 2024 |
Frequently asked questions about UDIV and CVLU
Which ETF has performed better year to date: UDIV or CVLU?
As of November 11, 2026, UDIV has returned 18.23% year to date, while CVLU has returned 18.10%. UDIV is ahead on YTD performance.
Which ETF is larger by assets under management: UDIV or CVLU?
As of November 11, 2026, UDIV manages $102.92 M in assets, while CVLU manages $8.10 M. UDIV is the larger fund by AUM.
How are UDIV and CVLU managed?
UDIV is actively managed by Manulife Investments. It does not track an index. CVLU is passively managed by CI. It tracks the VettaFi US Enhanced Value Index - USD benchmark.
What sectors do UDIV and CVLU emphasize?
UDIV is most exposed to Technology, Finance, and Industrials. CVLU is most exposed to Technology, Healthcare, and Finance.
Which ETF is attracting more investor flows: UDIV or CVLU?
Year to date, UDIV has seen +$10.77 M in net flows, compared with -$0.02 M for CVLU. UDIV has attracted more net investor money so far.
How do the fees of UDIV and CVLU compare?
UDIV has an expense ratio of 0.37%, while CVLU has an expense ratio of 0.33%.
What are the top holdings of UDIV and CVLU?
UDIV's largest holdings include NVIDIA Corp., Microsoft Corp., and Cisco Systems, Inc.. CVLU's top holdings include Microsoft Corp., NVIDIA Corp., and Apple, Inc..
Which ETF is more diversified: UDIV or CVLU?
UDIV holds 105 securities, while CVLU holds 800. On holdings count, CVLU is the more diversified portfolio.
Recent articles about UDIV and CVLU
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