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Compare CI Morningstar Canada Momentum Index ETF (WXM) vs Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) to find the best fit for your portfolio. WXM provides Finance, Non-Energy Materials, and Industrials exposures, while VDY is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, WXM features a management fee (MER) of 0.6%, compared to 0.2% for VDY. Performance-wise, WXM has returned 14.67% year-to-date with +$96 M in net flows, whereas VDY is at 29.81% with +$2 B. 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
VDY
| AuM | $1,116.28 M | $9,371.74 M |
| Management Fees | 0.60% | 0.20% |
| Exp. ratio | 0.65% | 0.22% |
| Tracking Difference | -0.93% | -0.03% |
Historical performance and flows
As of October 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | WXM | +0.73% | -1.22% | +14.67% | +27.51% | +127.22% |
VDY | +1.44% | +0.91% | +29.81% | +41.26% | +136.84% | |
| Flows | WXM | -$5 M | -$457 M | +$96 M | +$81 M | +$41 M |
VDY | +$107 M | +$284 M | +$2,091 M | +$2,455 M | +$3,971 M |
WXM vs VDY exposure
Countries
WXM
Canada
93.46%
VDY
Canada
96.94%
Sectors
WXM
Finance
28.32%
Non-Energy Materials
22.41%
Industrials
15.37%
Other
33.90%
VDY
Finance
59.44%
Energy
28.52%
Other
12.04%
As of October 21, 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%
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%
Diversification
WXM
Total weight of top 10 holdings out of 31 total
38.68%
VDY
Total weight of top 10 holdings out of 60 total
68.65%
Characteristics
Compare
WXM
VDY
| Provider | CI | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar Canada Target Momentum Total Return Index - CAD | FTSE Canada High Dividend Yield Net Tax Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.14% | 3.22% |
| Meets ESG criteria | No | No |
| Inception Date | February 13, 2012 | November 2, 2012 |
Frequently asked questions about WXM and VDY
Which ETF has performed better year to date: WXM or VDY?
As of October 21, 2026, WXM has returned 14.67% year to date, while VDY has returned 29.81%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: WXM or VDY?
As of October 21, 2026, WXM manages $1.12 B in assets, while VDY manages $9.37 B. VDY is the larger fund by AUM.
How are WXM and VDY managed?
WXM is passively managed by CI. It tracks the Morningstar Canada Target Momentum Total Return Index - CAD benchmark. VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark.
What sectors do WXM and VDY emphasize?
WXM is most exposed to Finance, Non-Energy Materials, and Industrials. VDY is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: WXM or VDY?
Year to date, WXM has seen +$96.37 M in net flows, compared with +$2,091.40 M for VDY. VDY has attracted more net investor money so far.
How do the fees of WXM and VDY compare?
WXM has an expense ratio of 0.65%, while VDY has an expense ratio of 0.22%.
What are the top holdings of WXM and VDY?
WXM's largest holdings include DPM Metals, Inc., K92 Mining, Inc., and Altius Minerals Corp.. VDY's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: WXM or VDY?
WXM holds 31 securities, while VDY holds 60. On holdings count, VDY is the more diversified portfolio.
Recent articles about WXM and VDY
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