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Compare Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) vs iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) to find the best fit for your portfolio. VDY and XDIV provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, VDY features a management fee (MER) of 0.2%, compared to 0.1% for XDIV. Performance-wise, VDY has returned 27.68% year-to-date with +$2 B in net flows, whereas XDIV is at 28.34% with +$1 B. 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
XDIV
| AuM | $9,151.47 M | $6,238.53 M |
| Management Fees | 0.20% | 0.10% |
| Exp. ratio | 0.22% | 0.11% |
| Tracking Difference | -0.03% | 1.00% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | -1.56% | +3.28% | +27.68% | +41.36% | +116.61% |
XDIV | -0.64% | +5.56% | +28.34% | +41.30% | +107.07% | |
| Flows | VDY | +$122 M | +$511 M | +$1,985 M | +$2,507 M | +$3,904 M |
XDIV | +$104 M | +$455 M | +$1,404 M | +$1,925 M | +$3,474 M |
VDY vs XDIV exposure
Countries
VDY
Canada
97.08%
XDIV
Canada
95.43%
Sectors
VDY
Finance
59.82%
Energy
28.36%
Other
11.82%
XDIV
Finance
47.81%
Energy
28.87%
Utilities
9.39%
Other
13.94%
As of September 16, 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%
XDIV
Manulife Financial Corp.
9.89%
Royal Bank of Canada
9.62%
The Toronto-Dominion Bank
9.33%
Sun Life Financial, Inc.
8.48%
Suncor Energy, Inc.
8.06%
Canadian Natural Resources Ltd.
8.04%
Power Corp of Canada
6.54%
Pembina Pipeline Corp.
5.41%
Fortis, Inc.
5.40%
Restaurant Brands International, Inc.
4.41%
Diversification
VDY
Total weight of top 10 holdings out of 60 total
69.07%
XDIV
Total weight of top 10 holdings out of 21 total
75.18%
Characteristics
Compare
VDY
XDIV
| Provider | Vanguard | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada High Dividend Yield Net Tax Index - CAD | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.00% | 3.09% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | June 7, 2017 |
Frequently asked questions about VDY and XDIV
Which ETF has performed better year to date: VDY or XDIV?
As of September 16, 2026, VDY has returned 27.68% year to date, while XDIV has returned 28.34%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or XDIV?
As of September 16, 2026, VDY manages $9.15 B in assets, while XDIV manages $6.24 B. VDY is the larger fund by AUM.
How are VDY and XDIV managed?
VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark. 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 VDY and XDIV emphasize?
VDY is most exposed to Finance, Energy, and Utilities. XDIV is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: VDY or XDIV?
Year to date, VDY has seen +$1,984.73 M in net flows, compared with +$1,403.63 M for XDIV. VDY has attracted more net investor money so far.
How do the fees of VDY and XDIV compare?
VDY has an expense ratio of 0.22%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of VDY and XDIV?
VDY's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. XDIV's top holdings include Manulife Financial Corp., Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: VDY or XDIV?
VDY holds 60 securities, while XDIV holds 21. On holdings count, VDY is the more diversified portfolio.
Recent articles about VDY and XDIV
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