VS
Manulife Smart US Dividend ETF (UDIV) and Manulife Smart U.S. Defensive Equity ETF (UDEF.U) 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 UDEF.U leans towards Technology, Finance, and Healthcare. When evaluating costs, UDIV features a management fee (MER) of 0.33%, compared to 0.28% for UDEF.U. Performance-wise, UDIV has returned 18.23% year-to-date with +$11 M in net flows, whereas UDEF.U is at 15.06% 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
UDEF.U
| AuM | $102.92 M | $2.66 M |
| Management Fees | 0.33% | 0.28% |
| Exp. ratio | 0.37% | 0.32% |
| 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% |
UDEF.U | +2.29% | +1.17% | +15.06% | +15.79% | +48.19% | |
| Flows | UDIV | +$6 M | +$1 M | +$11 M | +$9 M | -$37 M |
UDEF.U | +$0 M | +$0 M | -$0 M | +$0 M | +$0 M |
UDIV vs UDEF.U exposure
Countries
UDIV
USA
94.55%
UDEF.U
USA
94.35%
Sectors
UDIV
Technology
45.31%
Finance
23.01%
Industrials
7.38%
Other
24.31%
UDEF.U
Technology
35.11%
Finance
17.01%
Healthcare
13.59%
Industrials
9.90%
Other
24.39%
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%
UDEF.U
Fortinet, Inc.
2.21%
Apple, Inc.
2.19%
NVIDIA Corp.
2.13%
Lam Research Corp.
2.07%
Johnson & Johnson
2.07%
Microsoft Corp.
2.06%
Merck & Co., Inc.
2.03%
Amphenol Corp.
2.03%
Applied Materials, Inc.
1.97%
Mastercard, Inc.
1.94%
Diversification
UDIV
Total weight of top 10 holdings out of 105 total
35.39%
UDEF.U
Total weight of top 10 holdings out of 170 total
20.69%
Characteristics
Compare
UDIV
UDEF.U
| Provider | Manulife Investments | Manulife Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | November 9, 2022 |
Frequently asked questions about UDIV and UDEF.U
Which ETF has performed better year to date: UDIV or UDEF.U?
As of November 11, 2026, UDIV has returned 18.23% year to date, while UDEF.U has returned 15.06%. UDIV is ahead on YTD performance.
Which ETF is larger by assets under management: UDIV or UDEF.U?
As of November 11, 2026, UDIV manages $102.92 M in assets, while UDEF.U manages $2.66 M. UDIV is the larger fund by AUM.
How are UDIV and UDEF.U managed?
UDIV is actively managed by Manulife Investments. It does not track an index. UDEF.U is actively managed by Manulife Investments. It does not track an index.
What sectors do UDIV and UDEF.U emphasize?
UDIV is most exposed to Technology, Finance, and Industrials. UDEF.U is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: UDIV or UDEF.U?
Year to date, UDIV has seen +$10.77 M in net flows, compared with -$0.00 M for UDEF.U. UDIV has attracted more net investor money so far.
How do the fees of UDIV and UDEF.U compare?
UDIV has an expense ratio of 0.37%, while UDEF.U has an expense ratio of 0.32%.
What are the top holdings of UDIV and UDEF.U?
UDIV's largest holdings include NVIDIA Corp., Microsoft Corp., and Cisco Systems, Inc.. UDEF.U's top holdings include Fortinet, Inc., Apple, Inc., and NVIDIA Corp..
Which ETF is more diversified: UDIV or UDEF.U?
UDIV holds 105 securities, while UDEF.U holds 170. On holdings count, UDEF.U is the more diversified portfolio.
Recent articles about UDIV and UDEF.U
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