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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 Financials, Energy, and Utilities exposures, while XCV is primarily weighted in Financials, Energy, and Materials. When evaluating costs, VDY features a management fee (MER) of 0.2%, compared to 0.5% for XCV. Performance-wise, VDY has returned 23.89% year-to-date with +$2 B in net flows, whereas XCV is at 22.94% with +$101 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 | $8,455.24 M | $238.82 M |
| Management Fees | 0.20% | 0.50% |
| Exp. ratio | 0.22% | 0.55% |
| Tracking Difference | -0.03% | -0.98% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | +4.13% | +15.22% | +23.89% | +52.24% | +114.96% |
XCV | +4.60% | +15.28% | +22.94% | +52.63% | +120.06% | |
| Flows | VDY | +$315 M | +$870 M | +$1,504 M | +$2,372 M | +$3,482 M |
XCV | -$13 M | +$63 M | +$101 M | +$110 M | +$68 M |
VDY vs XCV exposure
Countries
VDY
Canada
99.63%
XCV
Canada
99.77%
Sectors
VDY
Financials
54.77%
Energy
29.54%
Other
15.68%
XCV
Financials
59.58%
Energy
27.80%
Other
12.62%
As of June 19, 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%
XCV
TORONTO DOMINION
10.40%
ROYAL BK CANADA
10.09%
ENBRIDGE
7.87%
BANK OF MONTREAL
6.99%
CDN IMPERIAL BK
6.74%
CDN NATURAL RESOURCE
6.46%
BNS
6.24%
SUNCOR ENERGY
5.30%
TC ENERGY CORP
4.54%
MANULIFE-S
4.29%
Diversification
VDY
Total weight of top 10 holdings out of 61 total
67.51%
XCV
Total weight of top 10 holdings out of 35 total
68.90%
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 | 3.28% | 2.23% |
| 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 June 19, 2026, VDY has returned 23.89% year to date, while XCV has returned 22.94%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or XCV?
As of June 19, 2026, VDY manages $8.46 B in assets, while XCV manages $238.82 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 Financials, Energy, and Utilities. XCV is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: VDY or XCV?
Year to date, VDY has seen +$1,503.62 M in net flows, compared with +$101.18 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 BK CANADA, TORONTO DOMINION, and ENBRIDGE. XCV's top holdings include TORONTO DOMINION, ROYAL BK CANADA, and ENBRIDGE.
Which ETF is more diversified: VDY or XCV?
VDY holds 58 securities, while XCV holds 35. On holdings count, VDY is the more diversified portfolio.
Recent articles about VDY and XCV
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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