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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 28.77% year-to-date with +$1 B in net flows, whereas CDZ is at 13.8% with +$6 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 | $6,312.78 M | $1,223.03 M |
| Management Fees | 0.10% | 0.60% |
| Exp. ratio | 0.11% | 0.66% |
| Tracking Difference | 1.00% | -0.88% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDIV | -0.39% | +6.26% | +28.77% | +41.09% | +107.76% |
CDZ | -2.61% | -0.03% | +13.80% | +18.54% | +70.36% | |
| Flows | XDIV | +$149 M | +$477 M | +$1,457 M | +$1,964 M | +$3,527 M |
CDZ | -$9 M | +$5 M | +$6 M | +$38 M | -$85 M |
XDIV vs CDZ exposure
Countries
XDIV
Canada
95.43%
CDZ
Canada
97.47%
Sectors
XDIV
Finance
47.81%
Energy
28.87%
Utilities
9.39%
Other
13.94%
CDZ
Finance
28.58%
Energy
19.61%
Industrials
14.55%
Utilities
9.21%
Consumer Non-Cyclicals
7.32%
Other
20.73%
As of September 18, 2026
Top 10 Holdings
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%
CDZ
South Bow Corp.
3.26%
Mullen Group Ltd.
2.78%
Gibson Energy, Inc.
2.72%
Westshore Terminals Investment Corp.
2.60%
TELUS Corp.
2.39%
Pembina Pipeline Corp.
2.24%
Enbridge, Inc.
2.22%
Canadian Natural Resources Ltd.
2.13%
CT Real Estate Investment Trust
2.05%
Sun Life Financial, Inc.
1.83%
Diversification
XDIV
Total weight of top 10 holdings out of 21 total
75.18%
CDZ
Total weight of top 10 holdings out of 95 total
24.20%
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 | 3.08% | 3.04% |
| 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 September 18, 2026, XDIV has returned 28.77% year to date, while CDZ has returned 13.80%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: XDIV or CDZ?
As of September 18, 2026, XDIV manages $6.31 B in assets, while CDZ manages $1.22 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 +$1,456.93 M in net flows, compared with +$6.34 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 Manulife Financial Corp., Royal Bank of Canada, and The Toronto-Dominion Bank. CDZ's top holdings include South Bow Corp., Mullen Group Ltd., and Gibson Energy, Inc..
Which ETF is more diversified: XDIV or CDZ?
XDIV holds 21 securities, while CDZ holds 95. On holdings count, CDZ is the more diversified portfolio.
Recent articles about XDIV and CDZ
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