VS
Manulife Smart US Dividend ETF (UDIV) and Manulife Multifactor U.S. Large Cap Index ETF (MULC) 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 MULC leans towards Technology, Finance, and Healthcare. When evaluating costs, UDIV features a management fee (MER) of 0.33%, compared to 0.37% for MULC. Performance-wise, UDIV has returned 18.23% year-to-date with +$11 M in net flows, whereas MULC is at 12.79% with +$6 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
MULC
| AuM | $102.92 M | $16.42 M |
| Management Fees | 0.33% | 0.37% |
| Exp. ratio | 0.37% | 0.42% |
| 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% |
MULC | -0.39% | -1.22% | +12.79% | +12.95% | +65.40% | |
| Flows | UDIV | +$6 M | +$1 M | +$11 M | +$9 M | -$37 M |
MULC | +$0 M | -$0 M | +$6 M | +$6 M | +$3 M |
UDIV vs MULC exposure
Countries
UDIV
USA
94.55%
MULC
USA
96.39%
Sectors
UDIV
Technology
45.31%
Finance
23.01%
Industrials
7.38%
Other
24.31%
MULC
Technology
35.45%
Finance
15.77%
Healthcare
10.19%
Industrials
10.16%
Consumer Non-Cyclicals
8.62%
Other
19.81%
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%
MULC
Apple, Inc.
4.29%
NVIDIA Corp.
4.22%
Microsoft Corp.
3.68%
Amazon.com, Inc.
2.98%
Alphabet, Inc.
2.57%
Meta Platforms, Inc.
2.03%
Broadcom Inc.
1.70%
Micron Technology, Inc.
1.51%
JPMorgan Chase & Co.
1.15%
Eli Lilly & Co.
1.06%
Diversification
UDIV
Total weight of top 10 holdings out of 105 total
35.39%
MULC
Total weight of top 10 holdings out of 767 total
25.18%
Characteristics
Compare
UDIV
MULC
| Provider | Manulife Investments | Manulife Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | John Hancock Dimensional Large Cap Total Return Index - USD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 0.79% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | March 23, 2017 |
Frequently asked questions about UDIV and MULC
Which ETF has performed better year to date: UDIV or MULC?
As of November 11, 2026, UDIV has returned 18.23% year to date, while MULC has returned 12.79%. UDIV is ahead on YTD performance.
Which ETF is larger by assets under management: UDIV or MULC?
As of November 11, 2026, UDIV manages $102.92 M in assets, while MULC manages $16.42 M. UDIV is the larger fund by AUM.
How are UDIV and MULC managed?
UDIV is actively managed by Manulife Investments. It does not track an index. MULC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Large Cap Total Return Index - USD benchmark.
What sectors do UDIV and MULC emphasize?
UDIV is most exposed to Technology, Finance, and Industrials. MULC is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: UDIV or MULC?
Year to date, UDIV has seen +$10.77 M in net flows, compared with +$5.83 M for MULC. UDIV has attracted more net investor money so far.
How do the fees of UDIV and MULC compare?
UDIV has an expense ratio of 0.37%, while MULC has an expense ratio of 0.42%.
What are the top holdings of UDIV and MULC?
UDIV's largest holdings include NVIDIA Corp., Microsoft Corp., and Cisco Systems, Inc.. MULC's top holdings include Apple, Inc., NVIDIA Corp., and Microsoft Corp..
Which ETF is more diversified: UDIV or MULC?
UDIV holds 105 securities, while MULC holds 760. On holdings count, MULC is the more diversified portfolio.
Recent articles about UDIV and MULC
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