VS
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UTES focuses its top 3 sector exposures on Utilities, Energy, and Communication Services, while XDIV leans towards Financials, Energy, and Consumer Discretionary. When evaluating costs, UTES features a management fee (MER) of 0.6%, compared to 0.1% for XDIV. Performance-wise, UTES has returned 13.57% year-to-date with +$109 M in net flows, whereas XDIV is at 19.79% with +$915 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
UTES
XDIV
| AuM | $379.28 M | $5,400.86 M |
| Management Fees | 0.60% | 0.10% |
| Exp. ratio | 0.84% | 0.11% |
| Tracking Difference | - | 1.07% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTES | +3.06% | +2.94% | +13.57% | +25.67% | - |
XDIV | +3.89% | +15.13% | +19.79% | +42.81% | +97.29% | |
| Flows | UTES | +$21 M | +$72 M | +$109 M | +$261 M | - |
XDIV | +$149 M | +$492 M | +$915 M | +$1,820 M | +$3,018 M |
UTES vs XDIV exposure
Countries
UTES
Canada
100.40%
XDIV
Canada
99.82%
Sectors
UTES
Utilities
42.59%
Energy
30.89%
Communication Services
26.92%
XDIV
Financials
46.57%
Energy
28.73%
Consumer Discretionary
11.49%
Utilities
11.33%
As of June 8, 2026
Top 10 Holdings
UTES
ALTAGAS
11.67%
HYDRO ONE
10.42%
ENBRIDGE
10.37%
TC ENERGY CORP
10.36%
EMERA
10.32%
FORTIS
10.19%
PEMBINA PIPELINE
10.16%
ROGERS COMMUNICATIONS
9.70%
BCE
8.80%
TELUS
8.42%
XDIV
SUNCOR ENERGY
10.16%
TORONTO DOMINION
9.21%
SUN LIFE FINL
8.69%
ROYAL BK CANADA
8.68%
MANULIFE-S
8.64%
POWER CORPORATION OF CANADA
7.01%
FORTIS
6.58%
PEMBINA PIPELINE
6.16%
RESTAURANT BRANDS INTL
6.04%
TOURMALINE OIL
4.05%
Diversification
UTES
Total weight of top 10 holdings out of 10 total
100.40%
XDIV
Total weight of top 10 holdings out of 21 total
75.21%
Characteristics
Compare
UTES
XDIV
| Provider | Evolve ETFs | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 15.89% | 3.27% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2024 | June 7, 2017 |
Frequently asked questions about UTES and XDIV
Which ETF has performed better year to date: UTES or XDIV?
As of June 8, 2026, UTES has returned 13.57% year to date, while XDIV has returned 19.79%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: UTES or XDIV?
As of June 8, 2026, UTES manages $379.28 M in assets, while XDIV manages $5.40 B. XDIV is the larger fund by AUM.
How are UTES and XDIV managed?
UTES is actively managed by Evolve ETFs. It does not track an index. XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark.
What sectors do UTES and XDIV emphasize?
UTES is most exposed to Utilities, Energy, and Communication Services. XDIV is most exposed to Financials, Energy, and Consumer Discretionary.
Which ETF is attracting more investor flows: UTES or XDIV?
Year to date, UTES has seen +$109.37 M in net flows, compared with +$915.04 M for XDIV. XDIV has attracted more net investor money so far.
How do the fees of UTES and XDIV compare?
UTES has an expense ratio of 0.84%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of UTES and XDIV?
UTES's largest holdings include ALTAGAS, HYDRO ONE, and ENBRIDGE. XDIV's top holdings include SUNCOR ENERGY, TORONTO DOMINION, and SUN LIFE FINL.
Which ETF is more diversified: UTES or XDIV?
UTES holds 10 securities, while XDIV holds 21. On holdings count, XDIV is the more diversified portfolio.
Recent articles about UTES and XDIV
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.