VS
iShares Canadian Select Dividend Index ETF (XDV) and Harvest Canadian Equity Income Leaders ETF (HLIF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XDV focuses its top 3 sector exposures on Financials, Energy, and Consumer Discretionary, while HLIF leans towards Financials, Energy, and Materials. When evaluating costs, XDV features a management fee (MER) of 0.5%, compared to 0.65% for HLIF. Performance-wise, XDV has returned 20.69% year-to-date with +$0 M in net flows, whereas HLIF is at 17.45% with +$21 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
HLIF
| AuM | $2,569.89 M | $175.20 M |
| Management Fees | 0.50% | 0.65% |
| Exp. ratio | 0.55% | 0.79% |
| Tracking Difference | -0.95% | - |
Historical performance and flows
As of June 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDV | +6.49% | +13.40% | +20.69% | +45.09% | +94.73% |
HLIF | +3.37% | +8.74% | +17.45% | +37.94% | +76.19% | |
| Flows | XDV | -$5 M | +$12 M | +$0 M | +$40 M | -$92 M |
HLIF | +$5 M | +$11 M | +$21 M | +$20 M | +$31 M |
XDV vs HLIF exposure
Countries
XDV
Canada
99.64%
HLIF
Canada
93.00%
Sectors
XDV
Financials
51.33%
Energy
11.77%
Consumer Discretionary
11.22%
Utilities
10.97%
Communication Services
7.44%
Other
7.27%
HLIF
Financials
33.20%
Energy
19.80%
Materials
10.50%
Other
10.30%
Utilities
9.80%
Other
16.40%
As of June 16, 2026
Top 10 Holdings
XDV
ROYAL BK CANADA
8.14%
CANADIAN TIRE
8.04%
BANK OF MONTREAL
7.97%
CDN IMPERIAL BK
5.40%
TORONTO DOMINION
5.40%
BNS
5.27%
SUN LIFE FINL
4.63%
TC ENERGY CORP
4.20%
COGECO COMMUNICATIONS INC
3.92%
GREAT WEST LIFECO
3.55%
HLIF
LUNDIN GOLD INC
3.60%
BARRICK GOLD
3.60%
MAGNA INTERNATIONAL
3.50%
POWER CORPORATION OF CANADA
3.40%
IGM FINANCIAL
3.40%
TORONTO DOMINION
3.40%
SUNCOR ENERGY
3.40%
CENOVUS ENERGY
3.40%
BNS
3.30%
SUN LIFE FINL
3.30%
Diversification
XDV
Total weight of top 10 holdings out of 30 total
56.51%
HLIF
Total weight of top 10 holdings out of 28 total
34.30%
Characteristics
Compare
XDV
HLIF
| Provider | iShares | Harvest Portfolios Group |
| 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 | 3.25% | 5.98% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | June 13, 2022 |
Frequently asked questions about XDV and HLIF
Which ETF has performed better year to date: XDV or HLIF?
As of June 16, 2026, XDV has returned 20.69% year to date, while HLIF has returned 17.45%. XDV is ahead on YTD performance.
Which ETF is larger by assets under management: XDV or HLIF?
As of June 16, 2026, XDV manages $2.57 B in assets, while HLIF manages $175.20 M. XDV is the larger fund by AUM.
How are XDV and HLIF managed?
XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark. HLIF is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do XDV and HLIF emphasize?
XDV is most exposed to Financials, Energy, and Consumer Discretionary. HLIF is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: XDV or HLIF?
Year to date, XDV has seen +$0.29 M in net flows, compared with +$21.46 M for HLIF. HLIF has attracted more net investor money so far.
How do the fees of XDV and HLIF compare?
XDV has an expense ratio of 0.55%, while HLIF has an expense ratio of 0.79%.
What are the top holdings of XDV and HLIF?
XDV's largest holdings include ROYAL BK CANADA, CANADIAN TIRE, and BANK OF MONTREAL. HLIF's top holdings include LUNDIN GOLD INC, BARRICK GOLD, and MAGNA INTERNATIONAL.
Which ETF is more diversified: XDV or HLIF?
XDV holds 30 securities, while HLIF holds 28. On holdings count, XDV is the more diversified portfolio.
Recent articles about XDV and HLIF
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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.