VS
Compare iShares Canadian Value Index ETF (XCV) vs iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) to find the best fit for your portfolio. XCV provides Finance, Energy, and Non-Energy Materials exposures, while XDIV is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, XCV features a management fee (MER) of 0.5%, compared to 0.1% for XDIV. Performance-wise, XCV has returned 25.88% year-to-date with +$107 M in net flows, whereas XDIV is at 28.96% with +$1 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
XDIV
| AuM | $249.42 M | $6,260.83 M |
| Management Fees | 0.50% | 0.10% |
| Exp. ratio | 0.55% | 0.11% |
| Tracking Difference | -0.91% | 1.00% |
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% |
XDIV | -0.16% | +5.95% | +28.96% | +41.60% | +107.31% | |
| Flows | XCV | +$6 M | +$0 M | +$107 M | +$112 M | +$81 M |
XDIV | +$96 M | +$455 M | +$1,396 M | +$1,921 M | +$3,466 M |
XCV vs XDIV exposure
Countries
XCV
Canada
99.72%
XDIV
Canada
95.43%
Sectors
XCV
Finance
61.45%
Energy
26.75%
Other
11.80%
XDIV
Finance
47.81%
Energy
28.87%
Utilities
9.39%
Other
13.94%
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%
XDIV
Manulife Financial Corp.
9.89%
Royal Bank of Canada
9.62%
The Toronto-Dominion Bank
9.33%
Sun Life Financial, Inc.
8.48%
Suncor Energy, Inc.
8.06%
Canadian Natural Resources Ltd.
8.04%
Power Corp of Canada
6.54%
Pembina Pipeline Corp.
5.41%
Fortis, Inc.
5.40%
Restaurant Brands International, Inc.
4.41%
Diversification
XCV
Total weight of top 10 holdings out of 35 total
68.85%
XDIV
Total weight of top 10 holdings out of 21 total
75.18%
Characteristics
Compare
XCV
XDIV
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Dow Jones Canada Select Value Total Return Index - CAD | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.19% | 3.08% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | June 7, 2017 |
Frequently asked questions about XCV and XDIV
Which ETF has performed better year to date: XCV or XDIV?
As of September 15, 2026, XCV has returned 25.88% year to date, while XDIV has returned 28.96%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: XCV or XDIV?
As of September 15, 2026, XCV manages $249.42 M in assets, while XDIV manages $6.26 B. XDIV is the larger fund by AUM.
How are XCV and XDIV managed?
XCV is passively managed by iShares. It tracks the Dow Jones Canada Select Value Total Return Index - CAD benchmark. XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark.
What sectors do XCV and XDIV emphasize?
XCV is most exposed to Finance, Energy, and Non-Energy Materials. XDIV is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XCV or XDIV?
Year to date, XCV has seen +$107.49 M in net flows, compared with +$1,395.55 M for XDIV. XDIV has attracted more net investor money so far.
How do the fees of XCV and XDIV compare?
XCV has an expense ratio of 0.55%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of XCV and XDIV?
XCV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. XDIV's top holdings include Manulife Financial Corp., Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: XCV or XDIV?
XCV holds 35 securities, while XDIV holds 21. On holdings count, XCV is the more diversified portfolio.
Recent articles about XCV and XDIV
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