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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 Financials, Energy, and Utilities exposures, while CDZ is primarily weighted in Energy, Financials, 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 13.7% year-to-date with +$668 M in net flows, whereas CDZ is at 10.02% with -$8 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 | $4,899.50 M | $1,180.89 M |
| Management Fees | 0.10% | 0.60% |
| Exp. ratio | 0.11% | 0.66% |
| Tracking Difference | 1.15% | -0.98% |
Historical performance and flows
As of April 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDIV | +5.82% | +11.93% | +13.70% | +40.43% | +83.23% |
CDZ | +4.34% | +8.02% | +10.02% | +29.71% | +61.27% | |
| Flows | XDIV | +$208 M | +$508 M | +$668 M | +$1,725 M | +$2,787 M |
CDZ | +$15 M | +$15 M | -$8 M | +$25 M | -$135 M |
XDIV vs CDZ exposure
Countries
XDIV
Canada
99.74%
CDZ
Canada
99.69%
Sectors
XDIV
Financials
44.40%
Energy
30.05%
Utilities
12.04%
Consumer Discretionary
11.40%
CDZ
Energy
18.62%
Financials
15.22%
Industrials
12.18%
Utilities
10.57%
Communication Services
8.32%
Other
7.63%
Other
27.46%
As of April 29, 2026
Top 10 Holdings
XDIV
SUNCOR ENERGY
10.68%
TORONTO DOMINION
8.70%
ROYAL BK CANADA
8.50%
MANULIFE-S
8.25%
SUN LIFE FINL
8.23%
FORTIS
6.99%
POWER CORPORATION OF CANADA
6.59%
PEMBINA PIPELINE
6.45%
RESTAURANT BRANDS INTL
6.04%
TOURMALINE OIL
4.36%
CDZ
CA83671M1059
3.13%
TELUS
3.08%
GIBSON ENERGY
2.72%
WESTSHORE TERMINALS INVESTMENT
2.38%
CDN NATURAL RESOURCE
2.37%
ENBRIDGE
2.34%
PEMBINA PIPELINE
2.15%
COGECO
2.08%
COGECO COMMUNICATIONS INC
2.03%
CT REIT UNITS
1.98%
Diversification
XDIV
Total weight of top 10 holdings out of 21 total
74.80%
CDZ
Total weight of top 10 holdings out of 97 total
24.27%
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 | 3.43% | 3.19% |
| 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 April 29, 2026, XDIV has returned 13.70% year to date, while CDZ has returned 10.02%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: XDIV or CDZ?
As of April 29, 2026, XDIV manages $4.90 B in assets, while CDZ manages $1.18 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 Financials, Energy, and Utilities. CDZ is most exposed to Energy, Financials, and Industrials.
Which ETF is attracting more investor flows: XDIV or CDZ?
Year to date, XDIV has seen +$667.75 M in net flows, compared with -$7.65 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 SUNCOR ENERGY, TORONTO DOMINION, and ROYAL BK CANADA. CDZ's top holdings include TELUS and GIBSON ENERGY.
Which ETF is more diversified: XDIV or CDZ?
XDIV holds 21 securities, while CDZ holds 90. On holdings count, CDZ is the more diversified portfolio.
Recent articles about XDIV and CDZ
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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.