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Compare iShares Canadian Select Dividend Index ETF (XDV) vs CIBC Qx Canadian Low Volatility Dividend ETF (CQLC) to find the best fit for your portfolio. XDV provides Finance, Utilities, and Energy exposures, while CQLC is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, XDV features a management fee (MER) of 0.5%, compared to 0.3% for CQLC. Performance-wise, XDV has returned 22.98% year-to-date with +$14 M in net flows, whereas CQLC is at 15.95% with +$12 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
CQLC
| AuM | $2,609.09 M | $730.85 M |
| Management Fees | 0.50% | 0.30% |
| Exp. ratio | 0.55% | 0.34% |
| 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% |
CQLC | -2.75% | -0.66% | +15.95% | +24.78% | +78.04% | |
| Flows | XDV | +$0 M | +$14 M | +$14 M | +$56 M | -$59 M |
CQLC | +$15 M | +$16 M | +$12 M | -$2 M | +$550 M |
XDV vs CQLC exposure
Countries
XDV
Canada
99.77%
CQLC
Canada
99.67%
Sectors
XDV
Finance
54.07%
Utilities
10.85%
Energy
10.44%
Consumer Non-Cyclicals
9.48%
Other
15.15%
CQLC
Finance
49.86%
Energy
16.40%
Utilities
14.09%
Consumer Non-Cyclicals
10.12%
Other
9.54%
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%
CQLC
Power Corp of Canada
5.44%
Great-West Lifeco, Inc.
4.78%
Royal Bank of Canada
4.58%
Quebecor, Inc.
4.22%
Canadian Imperial Bank of Commerce
3.48%
The Toronto-Dominion Bank
3.46%
Keyera Corp.
3.34%
Emera, Inc.
3.31%
Fortis, Inc.
3.30%
National Bank of Canada
3.28%
Diversification
XDV
Total weight of top 10 holdings out of 30 total
58.12%
CQLC
Total weight of top 10 holdings out of 40 total
39.18%
Characteristics
Compare
XDV
CQLC
| Provider | iShares | CIBC |
| 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% | 2.64% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | November 16, 2021 |
Frequently asked questions about XDV and CQLC
Which ETF has performed better year to date: XDV or CQLC?
As of September 10, 2026, XDV has returned 22.98% year to date, while CQLC has returned 15.95%. XDV is ahead on YTD performance.
Which ETF is larger by assets under management: XDV or CQLC?
As of September 10, 2026, XDV manages $2.61 B in assets, while CQLC manages $730.85 M. XDV is the larger fund by AUM.
How are XDV and CQLC managed?
XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark. CQLC is actively managed by CIBC. It does not track an index.
What sectors do XDV and CQLC emphasize?
XDV is most exposed to Finance, Utilities, and Energy. CQLC is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XDV or CQLC?
Year to date, XDV has seen +$14.46 M in net flows, compared with +$12.06 M for CQLC. XDV has attracted more net investor money so far.
How do the fees of XDV and CQLC compare?
XDV has an expense ratio of 0.55%, while CQLC has an expense ratio of 0.34%.
What are the top holdings of XDV and CQLC?
XDV's largest holdings include Royal Bank of Canada, Bank of Montreal, and Canadian Tire Corp. Ltd.. CQLC's top holdings include Power Corp of Canada, Great-West Lifeco, Inc., and Royal Bank of Canada.
Which ETF is more diversified: XDV or CQLC?
XDV holds 30 securities, while CQLC holds 40. On holdings count, CQLC is the more diversified portfolio.
Recent articles about XDV and CQLC
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