VS
Compare Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) vs iShares Canadian Value Index ETF (XCV) to find the best fit for your portfolio. VDY provides Finance, Energy, and Utilities exposures, while XCV is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, VDY features a management fee (MER) of 0.2%, compared to 0.5% for XCV. Performance-wise, VDY has returned 27.64% year-to-date with +$2 B in net flows, whereas XCV is at 26.44% with +$107 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
XCV
| AuM | $9,127.25 M | $250.52 M |
| Management Fees | 0.20% | 0.50% |
| Exp. ratio | 0.22% | 0.55% |
| Tracking Difference | -0.03% | -0.91% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | -1.25% | +3.23% | +27.64% | +41.11% | +116.55% |
XCV | -1.00% | +2.97% | +26.44% | +39.80% | +116.97% | |
| Flows | VDY | +$114 M | +$508 M | +$1,985 M | +$2,496 M | +$3,904 M |
XCV | +$6 M | +$0 M | +$107 M | +$107 M | +$81 M |
VDY vs XCV exposure
Countries
VDY
Canada
97.08%
XCV
Canada
99.72%
Sectors
VDY
Finance
59.82%
Energy
28.36%
Other
11.82%
XCV
Finance
61.45%
Energy
26.75%
Other
11.80%
As of September 18, 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%
XCV
Royal Bank of Canada
10.07%
The Toronto-Dominion Bank
9.91%
Bank of Montreal
7.79%
Enbridge, Inc.
7.53%
Canadian Imperial Bank of Commerce
6.77%
The Bank of Nova Scotia
6.72%
Canadian Natural Resources Ltd.
6.13%
Suncor Energy, Inc.
4.90%
Manulife Financial Corp.
4.62%
TC Energy Corp.
4.41%
Diversification
VDY
Total weight of top 10 holdings out of 60 total
69.07%
XCV
Total weight of top 10 holdings out of 35 total
68.85%
Characteristics
Compare
VDY
XCV
| Provider | Vanguard | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada High Dividend Yield Net Tax Index - CAD | Dow Jones Canada Select Value Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.25% | 2.18% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | November 6, 2006 |
Frequently asked questions about VDY and XCV
Which ETF has performed better year to date: VDY or XCV?
As of September 18, 2026, VDY has returned 27.64% year to date, while XCV has returned 26.44%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or XCV?
As of September 18, 2026, VDY manages $9.13 B in assets, while XCV manages $250.52 M. VDY is the larger fund by AUM.
How are VDY and XCV managed?
VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark. XCV is passively managed by iShares. It tracks the Dow Jones Canada Select Value Total Return Index - CAD benchmark.
What sectors do VDY and XCV emphasize?
VDY is most exposed to Finance, Energy, and Utilities. XCV is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: VDY or XCV?
Year to date, VDY has seen +$1,984.73 M in net flows, compared with +$107.49 M for XCV. VDY has attracted more net investor money so far.
How do the fees of VDY and XCV compare?
VDY has an expense ratio of 0.22%, while XCV has an expense ratio of 0.55%.
What are the top holdings of VDY and XCV?
VDY's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. XCV's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: VDY or XCV?
VDY holds 60 securities, while XCV holds 35. On holdings count, VDY is the more diversified portfolio.
Recent articles about VDY and XCV
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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.