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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 Financials, Energy, and Utilities exposures, while CDZ is primarily weighted in Energy, Financials, 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 22.05% year-to-date with +$1 B in net flows, whereas CDZ is at 13.51% with +$1 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 | $8,270.88 M | $1,224.40 M |
| Management Fees | 0.20% | 0.60% |
| Exp. ratio | 0.22% | 0.66% |
| Tracking Difference | -0.03% | -0.96% |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | +5.35% | +13.93% | +22.05% | +50.34% | +112.46% |
CDZ | +3.22% | +7.05% | +13.51% | +27.66% | +70.57% | |
| Flows | VDY | +$311 M | +$798 M | +$1,424 M | +$2,331 M | +$3,402 M |
CDZ | +$9 M | +$22 M | +$1 M | +$37 M | -$116 M |
VDY vs CDZ exposure
Countries
VDY
Canada
99.63%
CDZ
Canada
99.73%
Sectors
VDY
Financials
54.77%
Energy
29.54%
Other
15.68%
CDZ
Energy
18.30%
Financials
16.34%
Industrials
13.08%
Utilities
10.28%
Other
7.64%
Communication Services
7.50%
Other
26.85%
As of June 10, 2026
Top 10 Holdings
VDY
ROYAL BK CANADA
14.42%
TORONTO DOMINION
10.36%
ENBRIDGE
6.92%
BANK OF MONTREAL
6.18%
CDN IMPERIAL BK
6.00%
CDN NATURAL RESOURCE
5.58%
BNS
5.56%
SUNCOR ENERGY
4.72%
TC ENERGY CORP
3.99%
MANULIFE-S
3.78%
CDZ
CA83671M1059
3.05%
TELUS
2.84%
GIBSON ENERGY
2.65%
WESTSHORE TERMINALS INVESTMENT
2.44%
ENBRIDGE
2.27%
MULLEN GROUP
2.20%
CDN NATURAL RESOURCE
2.20%
PEMBINA PIPELINE
2.12%
CT REIT UNITS
2.03%
TOPAZ ENERGY
1.85%
Diversification
VDY
Total weight of top 10 holdings out of 61 total
67.51%
CDZ
Total weight of top 10 holdings out of 96 total
23.64%
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 | 3.08% | 3.07% |
| 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 June 10, 2026, VDY has returned 22.05% year to date, while CDZ has returned 13.51%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or CDZ?
As of June 10, 2026, VDY manages $8.27 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 Financials, Energy, and Utilities. CDZ is most exposed to Energy, Financials, and Industrials.
Which ETF is attracting more investor flows: VDY or CDZ?
Year to date, VDY has seen +$1,424.29 M in net flows, compared with +$1.45 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 BK CANADA, TORONTO DOMINION, and ENBRIDGE. CDZ's top holdings include TELUS and GIBSON ENERGY.
Which ETF is more diversified: VDY or CDZ?
VDY holds 58 securities, while CDZ holds 89. On holdings count, CDZ is the more diversified portfolio.
Recent articles about VDY and CDZ
ETF Comparison: VDY vs XEI
Sector exposure, diversification, and tracking efficiency separate these two dividend ETF heavyweights.
Posted on 6/1/2026 by Kyle Anthony inDividends
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