VS
Vanguard Retirement Income ETF Portfolio (VRIF) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VRIF focuses its top 3 sector exposures on Sovereign, Finance, and Banks, while HDIV leans towards Finance, Energy, and Technology. When evaluating costs, VRIF features a management fee (MER) of 0.29%, compared to 0.65% for HDIV. Performance-wise, VRIF has returned 4.01% year-to-date with +$57 M in net flows, whereas HDIV is at 18.22% with +$475 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
VRIF
HDIV
| AuM | $366.12 M | $1,773.86 M |
| Management Fees | 0.29% | 0.65% |
| Exp. ratio | 0.32% | 2.55% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VRIF | -1.25% | +1.41% | +4.01% | +9.56% | +32.38% |
HDIV | +0.19% | +7.44% | +18.22% | +41.08% | +103.03% | |
| Flows | VRIF | +$9 M | +$17 M | +$57 M | +$69 M | +$13 M |
HDIV | +$75 M | +$183 M | +$475 M | +$708 M | +$1,062 M |
VRIF vs HDIV exposure
Countries
VRIF
Canada
47.11%
Other
22.01%
USA
11.93%
Other
18.95%
HDIV
Other
35.14%
Canada
33.76%
USA
28.21%
Sectors
VRIF
Other
22.01%
Sovereign
10.00%
Finance
8.26%
Banks
7.27%
Other
52.46%
HDIV
Other
35.14%
Finance
19.76%
Energy
14.11%
Technology
11.05%
Non-Energy Materials
11.04%
Other
8.89%
As of July 31, 2026
Top 10 Holdings
VRIF
Royal Bank of Canada
0.75%
The Toronto-Dominion Bank
0.53%
NVIDIA Corp.
0.50%
Apple, Inc.
0.46%
CA135087T792
0.45%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.44%
Samsung Electronics Co., Ltd.
0.39%
CA135087T537
0.39%
CA135087T388
0.38%
CA135087U287
0.37%
HDIV
CA4073641082
20.20%
CA40736C1005
6.60%
Royal Bank of Canada
4.44%
CA40737J1049
3.55%
The Toronto-Dominion Bank
3.08%
Bank of Montreal
1.90%
CA40736A1049
1.75%
The Bank of Nova Scotia
1.64%
Canadian Imperial Bank of Commerce
1.63%
Brookfield Corp.
1.60%
Diversification
VRIF
Total weight of top 10 holdings out of 33,352 total
4.66%
HDIV
Total weight of top 10 holdings out of 94 total
46.40%
Characteristics
Compare
VRIF
HDIV
| Provider | Vanguard | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.79% | 9.51% |
| Meets ESG criteria | No | No |
| Inception Date | September 9, 2020 | July 19, 2021 |
Frequently asked questions about VRIF and HDIV
Which ETF has performed better year to date: VRIF or HDIV?
As of July 31, 2026, VRIF has returned 4.01% year to date, while HDIV has returned 18.22%. HDIV is ahead on YTD performance.
Which ETF is larger by assets under management: VRIF or HDIV?
As of July 31, 2026, VRIF manages $366.12 M in assets, while HDIV manages $1.77 B. HDIV is the larger fund by AUM.
How are VRIF and HDIV managed?
VRIF is actively managed by Vanguard. It does not track an index. HDIV is actively managed by Hamilton ETFs. It does not track an index.
What sectors do VRIF and HDIV emphasize?
VRIF is most exposed to Sovereign, Finance, and Banks. HDIV is most exposed to Finance, Energy, and Technology.
Which ETF is attracting more investor flows: VRIF or HDIV?
Year to date, VRIF has seen +$56.83 M in net flows, compared with +$475.06 M for HDIV. HDIV has attracted more net investor money so far.
How do the fees of VRIF and HDIV compare?
VRIF has an expense ratio of 0.32%, while HDIV has an expense ratio of 2.55%.
What are the top holdings of VRIF and HDIV?
VRIF's largest holdings include Royal Bank of Canada and The Toronto-Dominion Bank. HDIV's top holdings include Royal Bank of Canada and The Toronto-Dominion Bank.
Which ETF is more diversified: VRIF or HDIV?
VRIF holds 25145 securities, while HDIV holds 90. On holdings count, VRIF is the more diversified portfolio.
Recent articles about VRIF and HDIV
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.