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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 provides Financials, Energy, and Consumer Discretionary exposures, while VDY is primarily weighted in Financials, 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 21.2% year-to-date with +$932 M in net flows, whereas VDY is at 23.04% with +$1 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 | $5,482.22 M | $8,338.15 M |
| Management Fees | 0.10% | 0.20% |
| Exp. ratio | 0.11% | 0.22% |
| Tracking Difference | 1.07% | -0.03% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDIV | +5.04% | +16.08% | +21.20% | +43.81% | +100.74% |
VDY | +6.21% | +14.56% | +23.04% | +51.61% | +114.19% | |
| Flows | XDIV | +$160 M | +$502 M | +$932 M | +$1,827 M | +$3,034 M |
VDY | +$311 M | +$831 M | +$1,424 M | +$2,324 M | +$3,402 M |
XDIV vs VDY exposure
Countries
XDIV
Canada
99.82%
VDY
Canada
99.63%
Sectors
XDIV
Financials
46.57%
Energy
28.73%
Consumer Discretionary
11.49%
Utilities
11.33%
VDY
Financials
54.77%
Energy
29.54%
Other
15.68%
As of June 11, 2026
Top 10 Holdings
XDIV
SUNCOR ENERGY
10.16%
TORONTO DOMINION
9.21%
SUN LIFE FINL
8.69%
ROYAL BK CANADA
8.68%
MANULIFE-S
8.64%
POWER CORPORATION OF CANADA
7.01%
FORTIS
6.58%
PEMBINA PIPELINE
6.16%
RESTAURANT BRANDS INTL
6.04%
TOURMALINE OIL
4.05%
VDY
ROYAL BK CANADA
14.42%
TORONTO DOMINION
10.36%
ENBRIDGE
6.92%
BANK OF MONTREAL
6.18%
CDN IMPERIAL BK
6.00%
CDN NATURAL RESOURCE
5.58%
BNS
5.56%
SUNCOR ENERGY
4.72%
TC ENERGY CORP
3.99%
MANULIFE-S
3.78%
Diversification
XDIV
Total weight of top 10 holdings out of 21 total
75.21%
VDY
Total weight of top 10 holdings out of 61 total
67.51%
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 | 3.23% | 3.05% |
| 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 June 11, 2026, XDIV has returned 21.20% year to date, while VDY has returned 23.04%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: XDIV or VDY?
As of June 11, 2026, XDIV manages $5.48 B in assets, while VDY manages $8.34 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 Financials, Energy, and Consumer Discretionary. VDY is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: XDIV or VDY?
Year to date, XDIV has seen +$932.49 M in net flows, compared with +$1,424.29 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 SUNCOR ENERGY, TORONTO DOMINION, and SUN LIFE FINL. VDY's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and ENBRIDGE.
Which ETF is more diversified: XDIV or VDY?
XDIV holds 21 securities, while VDY holds 58. 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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