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Compare iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) vs iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) to find the best fit for your portfolio. XDIV provides Finance, Energy, and Utilities exposures, while CDZ is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, XDIV features a management fee (MER) of 0.1%, compared to 0.6% for CDZ. Performance-wise, XDIV has returned 28.78% year-to-date with +$1 B in net flows, whereas CDZ is at 17.66% with +$25 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
XDIV
CDZ
| AuM | $6,154.62 M | $1,286.52 M |
| Management Fees | 0.10% | 0.60% |
| Exp. ratio | 0.11% | 0.66% |
| Tracking Difference | 1.09% | -0.96% |
Historical performance and flows
As of August 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDIV | +5.32% | +12.05% | +28.78% | +48.94% | +110.84% |
CDZ | +2.29% | +7.10% | +17.66% | +28.15% | +76.28% | |
| Flows | XDIV | +$213 M | +$579 M | +$1,282 M | +$1,962 M | +$3,373 M |
CDZ | +$17 M | +$33 M | +$25 M | +$57 M | -$79 M |
XDIV vs CDZ exposure
Countries
XDIV
Canada
95.06%
CDZ
Canada
97.30%
Sectors
XDIV
Finance
49.31%
Energy
26.65%
Utilities
9.91%
Other
14.13%
CDZ
Finance
29.34%
Energy
18.40%
Industrials
14.54%
Utilities
9.33%
Consumer Non-Cyclicals
7.21%
Telecommunications
7.08%
Other
14.10%
As of August 4, 2026
Top 10 Holdings
XDIV
Royal Bank of Canada
10.18%
The Toronto-Dominion Bank
10.17%
Manulife Financial Corp.
9.67%
Sun Life Financial, Inc.
8.63%
Canadian Natural Resources Ltd.
7.23%
Suncor Energy, Inc.
6.97%
Power Corp of Canada
6.62%
Fortis, Inc.
5.77%
Pembina Pipeline Corp.
5.34%
Restaurant Brands International, Inc.
4.62%
CDZ
South Bow Corp.
3.16%
Westshore Terminals Investment Corp.
2.48%
Gibson Energy, Inc.
2.47%
TELUS Corp.
2.42%
Mullen Group Ltd.
2.25%
Enbridge, Inc.
2.24%
Pembina Pipeline Corp.
2.12%
CT Real Estate Investment Trust
2.03%
Capital Power Corp.
1.93%
Canadian Natural Resources Ltd.
1.84%
Diversification
XDIV
Total weight of top 10 holdings out of 21 total
75.19%
CDZ
Total weight of top 10 holdings out of 96 total
22.95%
Characteristics
Compare
XDIV
CDZ
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD | S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.07% | 2.94% |
| Meets ESG criteria | No | No |
| Inception Date | June 7, 2017 | September 8, 2006 |
Frequently asked questions about XDIV and CDZ
Which ETF has performed better year to date: XDIV or CDZ?
As of August 4, 2026, XDIV has returned 28.78% year to date, while CDZ has returned 17.66%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: XDIV or CDZ?
As of August 4, 2026, XDIV manages $6.15 B in assets, while CDZ manages $1.29 B. XDIV is the larger fund by AUM.
How are XDIV and CDZ managed?
XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark. CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark.
What sectors do XDIV and CDZ emphasize?
XDIV is most exposed to Finance, Energy, and Utilities. CDZ is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: XDIV or CDZ?
Year to date, XDIV has seen +$1,282.21 M in net flows, compared with +$24.89 M for CDZ. XDIV has attracted more net investor money so far.
How do the fees of XDIV and CDZ compare?
XDIV has an expense ratio of 0.11%, while CDZ has an expense ratio of 0.66%.
What are the top holdings of XDIV and CDZ?
XDIV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Manulife Financial Corp.. CDZ's top holdings include South Bow Corp., Westshore Terminals Investment Corp., and Gibson Energy, Inc..
Which ETF is more diversified: XDIV or CDZ?
XDIV holds 21 securities, while CDZ holds 96. On holdings count, CDZ is the more diversified portfolio.
Recent articles about XDIV and CDZ
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