VS
Compare CI Morningstar Canada Momentum Index ETF (WXM) vs NBI Canadian Dividend Income ETF (NDIV) to find the best fit for your portfolio. WXM provides Finance, Non-Energy Materials, and Industrials exposures, while NDIV is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, WXM features a management fee (MER) of 0.6%, compared to 0.55% for NDIV. Performance-wise, WXM has returned 14.38% year-to-date with +$96 M in net flows, whereas NDIV is at 14.99% with -$2 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
WXM
NDIV
| AuM | $1,113.49 M | $18.85 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.65% | 0.60% |
| Tracking Difference | -0.93% | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | WXM | +0.48% | +0.68% | +14.38% | +24.20% | +123.69% |
NDIV | +0.13% | +3.52% | +14.99% | +17.90% | +65.24% | |
| Flows | WXM | -$5 M | -$459 M | +$96 M | +$83 M | +$41 M |
NDIV | +$0 M | -$0 M | -$2 M | -$1 M | -$1 M |
WXM vs NDIV exposure
Countries
WXM
Canada
93.46%
NDIV
Canada
95.06%
Sectors
WXM
Finance
28.32%
Non-Energy Materials
22.41%
Industrials
15.37%
Other
33.90%
NDIV
Finance
41.43%
Energy
21.66%
Non-Energy Materials
17.59%
Industrials
8.29%
Other
11.04%
As of October 19, 2026
Top 10 Holdings
WXM
DPM Metals, Inc.
4.79%
K92 Mining, Inc.
4.37%
Altius Minerals Corp.
3.89%
Great-West Lifeco, Inc.
3.78%
Teck Resources Limited
3.71%
Restaurant Brands International, Inc.
3.68%
IGM Financial, Inc.
3.65%
CES Energy Solutions Corp.
3.61%
PrairieSky Royalty Ltd.
3.60%
The Toronto-Dominion Bank
3.58%
NDIV
Royal Bank of Canada
8.09%
The Toronto-Dominion Bank
6.04%
The Bank of Nova Scotia
5.73%
Lundin Gold, Inc.
4.67%
Agnico Eagle Mines Ltd.
4.28%
Brookfield Asset Management Ltd.
4.19%
Bank of Montreal
4.11%
Wheaton Precious Metals Corp.
3.63%
Whitecap Resources, Inc.
3.60%
Parex Resources, Inc.
3.19%
Diversification
WXM
Total weight of top 10 holdings out of 31 total
38.68%
NDIV
Total weight of top 10 holdings out of 36 total
47.55%
Characteristics
Compare
WXM
NDIV
| Provider | CI | National Bank Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Morningstar Canada Target Momentum Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.14% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 13, 2012 | February 12, 2021 |
Frequently asked questions about WXM and NDIV
Which ETF has performed better year to date: WXM or NDIV?
As of October 19, 2026, WXM has returned 14.38% year to date, while NDIV has returned 14.99%. NDIV is ahead on YTD performance.
Which ETF is larger by assets under management: WXM or NDIV?
As of October 19, 2026, WXM manages $1.11 B in assets, while NDIV manages $18.85 M. WXM is the larger fund by AUM.
How are WXM and NDIV managed?
WXM is passively managed by CI. It tracks the Morningstar Canada Target Momentum Total Return Index - CAD benchmark. NDIV is actively managed by National Bank Investments. It does not track an index.
What sectors do WXM and NDIV emphasize?
WXM is most exposed to Finance, Non-Energy Materials, and Industrials. NDIV is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: WXM or NDIV?
Year to date, WXM has seen +$96.37 M in net flows, compared with -$1.61 M for NDIV. WXM has attracted more net investor money so far.
How do the fees of WXM and NDIV compare?
WXM has an expense ratio of 0.65%, while NDIV has an expense ratio of 0.60%.
What are the top holdings of WXM and NDIV?
WXM's largest holdings include DPM Metals, Inc., K92 Mining, Inc., and Altius Minerals Corp.. NDIV's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia.
Which ETF is more diversified: WXM or NDIV?
WXM holds 31 securities, while NDIV holds 36. On holdings count, NDIV is the more diversified portfolio.
Recent articles about WXM and NDIV
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.