VS
iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) and Harvest Canadian Dividend Leaders Income ETF (HLIF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XDIV focuses its top 3 sector exposures on Finance, Energy, and Utilities, while HLIF leans towards Finance, Energy, and Utilities. When evaluating costs, XDIV features a management fee (MER) of 0.1%, compared to 0.65% for HLIF. Performance-wise, XDIV has returned 28.77% year-to-date with +$1 B in net flows, whereas HLIF is at 19.83% with +$52 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
HLIF
| AuM | $6,312.78 M | $206.36 M |
| Management Fees | 0.10% | 0.65% |
| Exp. ratio | 0.11% | 0.79% |
| Tracking Difference | 1.00% | - |
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% |
HLIF | -1.52% | +2.45% | +19.83% | +30.50% | +79.18% | |
| Flows | XDIV | +$149 M | +$477 M | +$1,457 M | +$1,964 M | +$3,527 M |
HLIF | +$12 M | +$30 M | +$52 M | +$55 M | +$58 M |
XDIV vs HLIF exposure
Countries
XDIV
Canada
95.43%
HLIF
Canada
90.40%
USA
9.47%
Sectors
XDIV
Finance
47.81%
Energy
28.87%
Utilities
9.39%
Other
13.94%
HLIF
Finance
40.32%
Energy
23.67%
Utilities
12.64%
Other
23.37%
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%
HLIF
Thomson Reuters Corp.
4.09%
Suncor Energy, Inc.
3.83%
Canadian Natural Resources Ltd.
3.65%
IGM Financial, Inc.
3.61%
Nutrien Ltd.
3.54%
Manulife Financial Corp.
3.52%
Power Corp of Canada
3.49%
Canadian Utilities Ltd.
3.43%
Sun Life Financial, Inc.
3.40%
Brookfield Asset Management Ltd.
3.37%
Diversification
XDIV
Total weight of top 10 holdings out of 21 total
75.18%
HLIF
Total weight of top 10 holdings out of 30 total
35.92%
Characteristics
Compare
XDIV
HLIF
| Provider | iShares | Harvest Portfolios Group |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.08% | 6.24% |
| Meets ESG criteria | No | No |
| Inception Date | June 7, 2017 | June 13, 2022 |
Frequently asked questions about XDIV and HLIF
Which ETF has performed better year to date: XDIV or HLIF?
As of September 18, 2026, XDIV has returned 28.77% year to date, while HLIF has returned 19.83%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: XDIV or HLIF?
As of September 18, 2026, XDIV manages $6.31 B in assets, while HLIF manages $206.36 M. XDIV is the larger fund by AUM.
How are XDIV and HLIF managed?
XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark. HLIF is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do XDIV and HLIF emphasize?
XDIV is most exposed to Finance, Energy, and Utilities. HLIF is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XDIV or HLIF?
Year to date, XDIV has seen +$1,456.93 M in net flows, compared with +$52.27 M for HLIF. XDIV has attracted more net investor money so far.
How do the fees of XDIV and HLIF compare?
XDIV has an expense ratio of 0.11%, while HLIF has an expense ratio of 0.79%.
What are the top holdings of XDIV and HLIF?
XDIV's largest holdings include Manulife Financial Corp., Royal Bank of Canada, and The Toronto-Dominion Bank. HLIF's top holdings include Thomson Reuters Corp., Suncor Energy, Inc., and Canadian Natural Resources Ltd..
Which ETF is more diversified: XDIV or HLIF?
XDIV holds 21 securities, while HLIF holds 30. On holdings count, HLIF is the more diversified portfolio.
Recent articles about XDIV and HLIF
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.