VGH
Vanguard U.S. Dividend Appreciation Index ETF

Full VGH fund page
VS
ZDH
BMO International Dividend ETF

Full ZDH fund page

Vanguard U.S. Dividend Appreciation Index ETF (VGH) and BMO International Dividend ETF (ZDH) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGH focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while ZDH leans towards Finance, Industrials, and Consumer Non-Cyclicals. When evaluating costs, VGH features a management fee (MER) of 0.28%, compared to 0.4% for ZDH. Performance-wise, VGH has returned 10.43% year-to-date with +$23 M in net flows, whereas ZDH is at 15% with +$7 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-2.0-1.00.01.02.03.04.0%Sep 28Oct 5Oct 13Oct 20Oct 27

Key Data

Historical performance and flows

As of October 27, 2026
1M3MYTD1Y3Y
Perf.
VGH
+3.69%+1.76%+10.43%+10.28%+62.49%
ZDH
-0.54%-0.67%+15.00%+19.68%+66.63%
Flows
VGH
-$2 M+$2 M+$23 M+$35 M+$183 M
ZDH
+$0 M+$4 M+$7 M+$10 M-$21 M

VGH vs ZDH exposure

Countries

VGH
USA
95.30%
ZDH
Japan
21.38%
France
13.81%
United Kingdom
13.28%
Netherlands
7.66%
Switzerland
7.40%
Other
36.47%

Sectors

VGH
Technology
26.27%
Finance
20.43%
Healthcare
18.15%
Industrials
9.45%
Consumer Non-Cyclicals
8.87%
Other
16.82%
ZDH
Finance
30.99%
Industrials
13.43%
Consumer Non-Cyclicals
8.80%
Healthcare
7.92%
Technology
7.48%
Other
31.38%
As of October 27, 2026

Top 10 Holdings

VGH
Microsoft Corp.
4.67%
Apple, Inc.
4.50%
Broadcom Inc.
4.34%
JPMorgan Chase & Co.
4.07%
Eli Lilly & Co.
3.90%
ExxonMobil Holdings Corp.
2.84%
Johnson & Johnson
2.73%
Visa, Inc.
2.50%
Mastercard, Inc.
2.03%
Walmart, Inc.
1.96%
ZDH
ASML Holding NV
3.28%
Intesa Sanpaolo SpA
2.60%
HSBC Holdings Plc
2.53%
Roche Holding AG
2.48%
DBS Group Holdings Ltd.
2.28%
TotalEnergies SE
2.21%
Shell Plc
2.12%
Siemens AG
2.08%
Enel SpA
2.01%
Mitsubishi UFJ Financial Group, Inc.
1.89%

Diversification

VGH
Total weight of top 10 holdings out of 333 total
33.53%
ZDH
Total weight of top 10 holdings out of 110 total
23.49%

Characteristics

Compare
VGH
ZDH
ProviderVanguardBMO
ManagementPassively managedActively managed
BenchmarkS&P U.S. Dividend Growers Index - USD-
Replication MethodOther-
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield1.06%2.77%
Meets ESG criteriaNoNo
Inception DateAugust 2, 2013September 2, 2015

Frequently asked questions about VGH and ZDH

Which ETF has performed better year to date: VGH or ZDH?
As of October 27, 2026, VGH has returned 10.43% year to date, while ZDH has returned 15.00%. ZDH is ahead on YTD performance.
Which ETF is larger by assets under management: VGH or ZDH?
As of October 27, 2026, VGH manages $1.05 B in assets, while ZDH manages $239.11 M. VGH is the larger fund by AUM.
How are VGH and ZDH managed?
VGH is passively managed by Vanguard. It tracks the S&P U.S. Dividend Growers Index - USD benchmark. ZDH is actively managed by BMO. It does not track an index.
What sectors do VGH and ZDH emphasize?
VGH is most exposed to Technology, Finance, and Healthcare. ZDH is most exposed to Finance, Industrials, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: VGH or ZDH?
Year to date, VGH has seen +$23.30 M in net flows, compared with +$6.66 M for ZDH. VGH has attracted more net investor money so far.
How do the fees of VGH and ZDH compare?
VGH has an expense ratio of 0.32%, while ZDH has an expense ratio of 0.44%.
What are the top holdings of VGH and ZDH?
VGH's largest holdings include Microsoft Corp., Apple, Inc., and Broadcom Inc.. ZDH's top holdings include Roche Holding AG, ASML Holding NV, and Intesa Sanpaolo SpA.
Which ETF is more diversified: VGH or ZDH?
VGH holds 331 securities, while ZDH holds 109. On holdings count, VGH is the more diversified portfolio.

Recent articles about VGH and ZDH

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