VS
Compare iShares Canadian Value Index ETF (XCV) vs Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) to find the best fit for your portfolio. XCV provides Finance, Energy, and Non-Energy Materials exposures, while VDY is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, XCV features a management fee (MER) of 0.5%, compared to 0.2% for VDY. Performance-wise, XCV has returned 25.88% year-to-date with +$107 M in net flows, whereas VDY is at 27.31% 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
XCV
VDY
| AuM | $249.42 M | $9,113.41 M |
| Management Fees | 0.50% | 0.20% |
| Exp. ratio | 0.55% | 0.22% |
| Tracking Difference | -0.91% | -0.03% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCV | -1.72% | +2.81% | +25.88% | +39.65% | +115.01% |
VDY | -1.85% | +3.08% | +27.31% | +41.36% | +115.20% | |
| Flows | XCV | +$6 M | +$0 M | +$107 M | +$112 M | +$81 M |
VDY | +$110 M | +$530 M | +$1,973 M | +$2,510 M | +$3,892 M |
XCV vs VDY exposure
Countries
XCV
Canada
99.72%
VDY
Canada
97.08%
Sectors
XCV
Finance
61.45%
Energy
26.75%
Other
11.80%
VDY
Finance
59.82%
Energy
28.36%
Other
11.82%
As of September 15, 2026
Top 10 Holdings
XCV
Royal Bank of Canada
10.07%
The Toronto-Dominion Bank
9.91%
Bank of Montreal
7.79%
Enbridge, Inc.
7.53%
Canadian Imperial Bank of Commerce
6.77%
The Bank of Nova Scotia
6.72%
Canadian Natural Resources Ltd.
6.13%
Suncor Energy, Inc.
4.90%
Manulife Financial Corp.
4.62%
TC Energy Corp.
4.41%
VDY
Royal Bank of Canada
15.83%
The Toronto-Dominion Bank
10.84%
Bank of Montreal
6.86%
Enbridge, Inc.
6.42%
Canadian Imperial Bank of Commerce
5.89%
The Bank of Nova Scotia
5.85%
Canadian Natural Resources Ltd.
5.26%
Suncor Energy, Inc.
4.31%
Manulife Financial Corp.
4.02%
TC Energy Corp.
3.79%
Diversification
XCV
Total weight of top 10 holdings out of 35 total
68.85%
VDY
Total weight of top 10 holdings out of 60 total
69.07%
Characteristics
Compare
XCV
VDY
| Provider | iShares | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | Dow Jones Canada Select Value 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 | 2.19% | 3.01% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | November 2, 2012 |
Frequently asked questions about XCV and VDY
Which ETF has performed better year to date: XCV or VDY?
As of September 15, 2026, XCV has returned 25.88% year to date, while VDY has returned 27.31%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: XCV or VDY?
As of September 15, 2026, XCV manages $249.42 M in assets, while VDY manages $9.11 B. VDY is the larger fund by AUM.
How are XCV and VDY managed?
XCV is passively managed by iShares. It tracks the Dow Jones Canada Select Value 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 XCV and VDY emphasize?
XCV is most exposed to Finance, Energy, and Non-Energy Materials. VDY is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XCV or VDY?
Year to date, XCV has seen +$107.49 M in net flows, compared with +$1,973.15 M for VDY. VDY has attracted more net investor money so far.
How do the fees of XCV and VDY compare?
XCV has an expense ratio of 0.55%, while VDY has an expense ratio of 0.22%.
What are the top holdings of XCV and VDY?
XCV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. VDY's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: XCV or VDY?
XCV holds 35 securities, while VDY holds 60. On holdings count, VDY is the more diversified portfolio.
Recent articles about XCV and VDY
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