VS
Compare iShares Canadian Select Dividend Index ETF (XDV) vs Manulife Smart Dividend ETF (CDIV) to find the best fit for your portfolio. XDV provides Finance, Utilities, and Energy exposures, while CDIV is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, XDV features a management fee (MER) of 0.5%, compared to 0.25% for CDIV. Performance-wise, XDV has returned 22.98% year-to-date with +$14 M in net flows, whereas CDIV is at 17.9% with +$777 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
XDV
CDIV
| AuM | $2,609.09 M | $1,915.82 M |
| Management Fees | 0.50% | 0.25% |
| Exp. ratio | 0.55% | 0.28% |
| Tracking Difference | -0.92% | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDV | -1.83% | +3.23% | +22.98% | +36.92% | +103.78% |
CDIV | -0.79% | +4.76% | +17.90% | +29.12% | +93.82% | |
| Flows | XDV | +$0 M | +$14 M | +$14 M | +$56 M | -$59 M |
CDIV | +$104 M | +$348 M | +$777 M | +$886 M | +$1,072 M |
XDV vs CDIV exposure
Countries
XDV
Canada
99.77%
CDIV
Canada
96.38%
Sectors
XDV
Finance
54.07%
Utilities
10.85%
Energy
10.44%
Consumer Non-Cyclicals
9.48%
Other
15.15%
CDIV
Finance
38.80%
Energy
20.74%
Non-Energy Materials
11.43%
Other
29.03%
As of September 10, 2026
Top 10 Holdings
XDV
Royal Bank of Canada
8.81%
Bank of Montreal
8.66%
Canadian Tire Corp. Ltd.
7.91%
The Toronto-Dominion Bank
5.56%
The Bank of Nova Scotia
5.51%
Canadian Imperial Bank of Commerce
5.30%
Sun Life Financial, Inc.
4.93%
Great-West Lifeco, Inc.
4.03%
TC Energy Corp.
3.94%
Power Corp of Canada
3.46%
CDIV
The Toronto-Dominion Bank
5.31%
Canadian National Railway Co.
4.17%
Canadian Imperial Bank of Commerce
4.09%
Bank of Montreal
4.06%
Manulife Financial Corp.
4.00%
Enbridge, Inc.
3.91%
The Bank of Nova Scotia
3.90%
Canadian Natural Resources Ltd.
3.81%
Barrick Mining Corp.
3.32%
Nutrien Ltd.
3.08%
Diversification
XDV
Total weight of top 10 holdings out of 30 total
58.12%
CDIV
Total weight of top 10 holdings out of 55 total
39.64%
Characteristics
Compare
XDV
CDIV
| Provider | iShares | Manulife Investments |
| Management | Passively managed | Actively managed |
| Benchmark | Dow Jones Canada Select Dividend Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.38% | 1.78% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | November 10, 2020 |
Frequently asked questions about XDV and CDIV
Which ETF has performed better year to date: XDV or CDIV?
As of September 10, 2026, XDV has returned 22.98% year to date, while CDIV has returned 17.90%. XDV is ahead on YTD performance.
Which ETF is larger by assets under management: XDV or CDIV?
As of September 10, 2026, XDV manages $2.61 B in assets, while CDIV manages $1.92 B. XDV is the larger fund by AUM.
How are XDV and CDIV managed?
XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark. CDIV is actively managed by Manulife Investments. It does not track an index.
What sectors do XDV and CDIV emphasize?
XDV is most exposed to Finance, Utilities, and Energy. CDIV is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XDV or CDIV?
Year to date, XDV has seen +$14.46 M in net flows, compared with +$777.11 M for CDIV. CDIV has attracted more net investor money so far.
How do the fees of XDV and CDIV compare?
XDV has an expense ratio of 0.55%, while CDIV has an expense ratio of 0.28%.
What are the top holdings of XDV and CDIV?
XDV's largest holdings include Royal Bank of Canada, Bank of Montreal, and Canadian Tire Corp. Ltd.. CDIV's top holdings include The Toronto-Dominion Bank, Canadian National Railway Co., and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: XDV or CDIV?
XDV holds 30 securities, while CDIV holds 55. On holdings count, CDIV is the more diversified portfolio.
Recent articles about XDV and CDIV
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.