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Compare Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) vs iShares Canadian Select Dividend Index ETF (XDV) to find the best fit for your portfolio. VDY and XDV provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, VDY features a management fee (MER) of 0.2%, compared to 0.5% for XDV. Performance-wise, VDY has returned 29.32% year-to-date with +$2 B in net flows, whereas XDV is at 25.05% with +$10 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
XDV
| AuM | $9,324.81 M | $2,641.14 M |
| Management Fees | 0.20% | 0.50% |
| Exp. ratio | 0.22% | 0.55% |
| Tracking Difference | -0.03% | -0.89% |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VDY | +2.91% | +0.41% | +29.32% | +39.80% | +135.95% |
XDV | +2.00% | +0.55% | +25.05% | +35.19% | +123.04% | |
| Flows | VDY | +$66 M | +$264 M | +$2,080 M | +$2,435 M | +$3,959 M |
XDV | +$5 M | -$5 M | +$10 M | +$29 M | -$61 M |
VDY vs XDV exposure
Countries
VDY
Canada
96.94%
XDV
Canada
99.86%
Sectors
VDY
Finance
59.44%
Energy
28.52%
Other
12.04%
XDV
Finance
54.27%
Energy
10.99%
Utilities
10.36%
Consumer Non-Cyclicals
8.95%
Other
15.43%
As of October 23, 2026
Top 10 Holdings
VDY
Royal Bank of Canada
15.65%
The Toronto-Dominion Bank
11.07%
Bank of Montreal
6.59%
The Bank of Nova Scotia
6.17%
Enbridge, Inc.
6.05%
Canadian Imperial Bank of Commerce
5.71%
Canadian Natural Resources Ltd.
5.60%
Suncor Energy, Inc.
4.35%
Manulife Financial Corp.
3.88%
TC Energy Corp.
3.57%
XDV
Royal Bank of Canada
8.76%
Bank of Montreal
8.44%
Canadian Tire Corp. Ltd.
7.41%
The Bank of Nova Scotia
5.86%
The Toronto-Dominion Bank
5.73%
Canadian Imperial Bank of Commerce
5.20%
Sun Life Financial, Inc.
4.78%
Great-West Lifeco, Inc.
4.04%
TC Energy Corp.
3.71%
Power Corp of Canada
3.54%
Diversification
VDY
Total weight of top 10 holdings out of 60 total
68.65%
XDV
Total weight of top 10 holdings out of 30 total
57.48%
Characteristics
Compare
VDY
XDV
| Provider | Vanguard | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada High Dividend Yield Net Tax Index - CAD | Dow Jones Canada Select Dividend Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.23% | 3.33% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | December 19, 2005 |
Frequently asked questions about VDY and XDV
Which ETF has performed better year to date: VDY or XDV?
As of October 23, 2026, VDY has returned 29.32% year to date, while XDV has returned 25.05%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: VDY or XDV?
As of October 23, 2026, VDY manages $9.32 B in assets, while XDV manages $2.64 B. VDY is the larger fund by AUM.
How are VDY and XDV managed?
VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark. XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark.
What sectors do VDY and XDV emphasize?
VDY is most exposed to Finance, Energy, and Utilities. XDV is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: VDY or XDV?
Year to date, VDY has seen +$2,079.68 M in net flows, compared with +$9.70 M for XDV. VDY has attracted more net investor money so far.
How do the fees of VDY and XDV compare?
VDY has an expense ratio of 0.22%, while XDV has an expense ratio of 0.55%.
What are the top holdings of VDY and XDV?
VDY's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. XDV's top holdings include Royal Bank of Canada, Bank of Montreal, and Canadian Tire Corp. Ltd..
Which ETF is more diversified: VDY or XDV?
VDY holds 60 securities, while XDV holds 30. On holdings count, VDY is the more diversified portfolio.
Recent articles about VDY and XDV
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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.