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Compare Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) vs iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) to find the best fit for your portfolio. VDY provides Finance, Energy, and Utilities exposures, while CDZ is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, VDY features a management fee (MER) of 0.2%, compared to 0.6% for CDZ. Performance-wise, VDY has returned 26.29% year-to-date with +$2 B in net flows, whereas CDZ is at 13.08% with +$13 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
VDY
CDZ
| AuM | $9,036.77 M | $1,222.05 M |
| Management Fees | 0.20% | 0.60% |
| Exp. ratio | 0.22% | 0.66% |
| Tracking Difference | -0.03% | -0.88% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | -0.83% | +3.48% | +26.29% | +41.12% | +119.39% |
CDZ | -2.60% | -0.38% | +13.08% | +18.43% | +72.29% | |
| Flows | VDY | +$141 M | +$560 M | +$1,969 M | +$2,523 M | +$3,882 M |
CDZ | -$14 M | +$12 M | +$13 M | +$41 M | -$86 M |
VDY vs CDZ exposure
Countries
VDY
Canada
97.08%
CDZ
Canada
97.47%
Sectors
VDY
Finance
59.82%
Energy
28.36%
Other
11.82%
CDZ
Finance
28.58%
Energy
19.61%
Industrials
14.55%
Utilities
9.21%
Consumer Non-Cyclicals
7.32%
Other
20.73%
As of September 10, 2026
Top 10 Holdings
VDY
Royal Bank of Canada
15.83%
The Toronto-Dominion Bank
10.84%
Bank of Montreal
6.86%
Enbridge, Inc.
6.42%
Canadian Imperial Bank of Commerce
5.89%
The Bank of Nova Scotia
5.85%
Canadian Natural Resources Ltd.
5.26%
Suncor Energy, Inc.
4.31%
Manulife Financial Corp.
4.02%
TC Energy Corp.
3.79%
CDZ
South Bow Corp.
3.26%
Mullen Group Ltd.
2.78%
Gibson Energy, Inc.
2.72%
Westshore Terminals Investment Corp.
2.60%
TELUS Corp.
2.39%
Pembina Pipeline Corp.
2.24%
Enbridge, Inc.
2.22%
Canadian Natural Resources Ltd.
2.13%
CT Real Estate Investment Trust
2.05%
Sun Life Financial, Inc.
1.83%
Diversification
VDY
Total weight of top 10 holdings out of 60 total
69.07%
CDZ
Total weight of top 10 holdings out of 95 total
24.20%
Characteristics
Compare
VDY
CDZ
| Provider | Vanguard | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada High Dividend Yield Net Tax Index - CAD | S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.03% | 3.06% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | September 8, 2006 |
Frequently asked questions about VDY and CDZ
Which ETF has performed better year to date: VDY or CDZ?
As of September 10, 2026, VDY has returned 26.29% year to date, while CDZ has returned 13.08%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or CDZ?
As of September 10, 2026, VDY manages $9.04 B in assets, while CDZ manages $1.22 B. VDY is the larger fund by AUM.
How are VDY and CDZ managed?
VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark. CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark.
What sectors do VDY and CDZ emphasize?
VDY is most exposed to Finance, Energy, and Utilities. CDZ is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: VDY or CDZ?
Year to date, VDY has seen +$1,969.31 M in net flows, compared with +$13.14 M for CDZ. VDY has attracted more net investor money so far.
How do the fees of VDY and CDZ compare?
VDY has an expense ratio of 0.22%, while CDZ has an expense ratio of 0.66%.
What are the top holdings of VDY and CDZ?
VDY's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. CDZ's top holdings include South Bow Corp., Mullen Group Ltd., and Gibson Energy, Inc..
Which ETF is more diversified: VDY or CDZ?
VDY holds 60 securities, while CDZ holds 95. On holdings count, CDZ is the more diversified portfolio.
Recent articles about VDY and CDZ
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