VS
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 provides Financials, Energy, and Utilities exposures, while XDIV is primarily weighted in Financials, Energy, and Consumer Discretionary. When evaluating costs, VDY features a management fee (MER) of 0.2%, compared to 0.1% for XDIV. Performance-wise, VDY has returned 23.62% year-to-date with +$1 B in net flows, whereas XDIV is at 21.23% with +$980 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
XDIV
| AuM | $8,430.25 M | $5,530.65 M |
| Management Fees | 0.20% | 0.10% |
| Exp. ratio | 0.22% | 0.11% |
| Tracking Difference | -0.03% | 1.07% |
Historical performance and flows
As of June 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | +3.90% | +13.77% | +23.62% | +51.54% | +114.48% |
XDIV | +3.10% | +13.49% | +21.23% | +42.77% | +100.49% | |
| Flows | VDY | +$289 M | +$870 M | +$1,477 M | +$2,366 M | +$3,455 M |
XDIV | +$182 M | +$568 M | +$980 M | +$1,845 M | +$3,080 M |
VDY vs XDIV exposure
Countries
VDY
Canada
99.63%
XDIV
Canada
99.82%
Sectors
VDY
Financials
54.77%
Energy
29.54%
Other
15.68%
XDIV
Financials
46.57%
Energy
28.73%
Consumer Discretionary
11.49%
Utilities
11.33%
As of June 17, 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%
XDIV
SUNCOR ENERGY
10.16%
TORONTO DOMINION
9.21%
SUN LIFE FINL
8.69%
ROYAL BK CANADA
8.68%
MANULIFE-S
8.64%
POWER CORPORATION OF CANADA
7.01%
FORTIS
6.58%
PEMBINA PIPELINE
6.16%
RESTAURANT BRANDS INTL
6.04%
TOURMALINE OIL
4.05%
Diversification
VDY
Total weight of top 10 holdings out of 61 total
67.51%
XDIV
Total weight of top 10 holdings out of 21 total
75.21%
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 | 3.04% | 3.23% |
| 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 June 17, 2026, VDY has returned 23.62% year to date, while XDIV has returned 21.23%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or XDIV?
As of June 17, 2026, VDY manages $8.43 B in assets, while XDIV manages $5.53 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 Financials, Energy, and Utilities. XDIV is most exposed to Financials, Energy, and Consumer Discretionary.
Which ETF is attracting more investor flows: VDY or XDIV?
Year to date, VDY has seen +$1,477.19 M in net flows, compared with +$979.88 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 BK CANADA, TORONTO DOMINION, and ENBRIDGE. XDIV's top holdings include SUNCOR ENERGY, TORONTO DOMINION, and SUN LIFE FINL.
Which ETF is more diversified: VDY or XDIV?
VDY holds 58 securities, while XDIV holds 21. On holdings count, VDY is the more diversified portfolio.
Recent articles about VDY and XDIV
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
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.