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Compare iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) vs Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) to find the best fit for your portfolio. XDIV and VDY provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, XDIV features a management fee (MER) of 0.1%, compared to 0.2% for VDY. Performance-wise, XDIV has returned 27.29% year-to-date with +$1 B in net flows, whereas VDY is at 28.63% with +$2 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
XDIV
VDY
| AuM | $6,005.67 M | $9,063.15 M |
| Management Fees | 0.10% | 0.20% |
| Exp. ratio | 0.11% | 0.22% |
| Tracking Difference | 1.06% | -0.05% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDIV | +5.10% | +14.97% | +27.29% | +48.57% | +105.22% |
VDY | +3.43% | +14.79% | +28.63% | +54.65% | +116.67% | |
| Flows | XDIV | +$185 M | +$586 M | +$1,188 M | +$1,920 M | +$3,286 M |
VDY | +$300 M | +$905 M | +$1,804 M | +$2,557 M | +$3,749 M |
XDIV vs VDY exposure
Countries
XDIV
Canada
95.06%
VDY
Canada
96.84%
Sectors
XDIV
Finance
49.31%
Energy
26.65%
Utilities
9.91%
Other
14.13%
VDY
Finance
60.97%
Energy
26.69%
Other
12.34%
As of July 21, 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%
VDY
Royal Bank of Canada
16.31%
The Toronto-Dominion Bank
11.45%
Bank of Montreal
7.03%
Enbridge, Inc.
6.66%
The Bank of Nova Scotia
6.03%
Canadian Imperial Bank of Commerce
5.96%
Canadian Natural Resources Ltd.
4.55%
TC Energy Corp.
3.88%
Manulife Financial Corp.
3.82%
Suncor Energy, Inc.
3.60%
Diversification
XDIV
Total weight of top 10 holdings out of 21 total
75.19%
VDY
Total weight of top 10 holdings out of 60 total
69.29%
Characteristics
Compare
XDIV
VDY
| Provider | iShares | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD | FTSE Canada High Dividend Yield Net Tax Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.09% | 3.20% |
| Meets ESG criteria | No | No |
| Inception Date | June 7, 2017 | November 2, 2012 |
Frequently asked questions about XDIV and VDY
Which ETF has performed better year to date: XDIV or VDY?
As of July 21, 2026, XDIV has returned 27.29% year to date, while VDY has returned 28.63%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: XDIV or VDY?
As of July 21, 2026, XDIV manages $6.01 B in assets, while VDY manages $9.06 B. VDY is the larger fund by AUM.
How are XDIV and VDY managed?
XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark. VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark.
What sectors do XDIV and VDY emphasize?
XDIV is most exposed to Finance, Energy, and Utilities. VDY is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XDIV or VDY?
Year to date, XDIV has seen +$1,188.37 M in net flows, compared with +$1,803.80 M for VDY. VDY has attracted more net investor money so far.
How do the fees of XDIV and VDY compare?
XDIV has an expense ratio of 0.11%, while VDY has an expense ratio of 0.22%.
What are the top holdings of XDIV and VDY?
XDIV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Manulife Financial Corp.. VDY's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: XDIV or VDY?
XDIV holds 21 securities, while VDY holds 60. On holdings count, VDY is the more diversified portfolio.
Recent articles about XDIV and VDY
ETF Comparison: VDY vs XEI
Sector exposure, diversification, and tracking efficiency separate these two dividend ETF heavyweights.
Posted on 6/1/2026 by Kyle Anthony inDividends
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