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Compare iShares Canadian Select Dividend Index ETF (XDV) vs BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV) to find the best fit for your portfolio. XDV provides Finance, Utilities, and Energy exposures, while ZDIV is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, XDV features a management fee (MER) of 0.5%, compared to 0.09% for ZDIV. 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
ZDIV
| AuM | $2,609.09 M | $12.49 M |
| Management Fees | 0.50% | 0.09% |
| Exp. ratio | 0.55% | 0.09% |
| Tracking Difference | -0.92% | 0.60% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XDV | -1.83% | +3.23% | +22.98% | +36.92% | +103.78% |
ZDIV | -0.85% | +3.01% | - | - | - | |
| Flows | XDV | +$0 M | +$14 M | +$14 M | +$56 M | -$59 M |
ZDIV | +$0 M | -$7 M | - | - | - |
XDV vs ZDIV exposure
Countries
XDV
Canada
99.77%
ZDIV
Canada
96.37%
Sectors
XDV
Finance
54.07%
Utilities
10.85%
Energy
10.44%
Consumer Non-Cyclicals
9.48%
Other
15.15%
ZDIV
Finance
32.71%
Energy
31.09%
Utilities
11.61%
Other
24.59%
As of September 11, 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%
ZDIV
Manulife Financial Corp.
5.64%
Sun Life Financial, Inc.
5.55%
Power Corp of Canada
5.41%
National Bank of Canada
5.16%
Fortis, Inc.
4.94%
Pembina Pipeline Corp.
4.87%
Nutrien Ltd.
4.74%
Enbridge, Inc.
4.67%
Suncor Energy, Inc.
4.59%
Canadian Natural Resources Ltd.
4.59%
Diversification
XDV
Total weight of top 10 holdings out of 30 total
58.12%
ZDIV
Total weight of top 10 holdings out of 50 total
50.14%
Characteristics
Compare
XDV
ZDIV
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Dow Jones Canada Select Dividend Total Return Index - CAD | MSCI Canada IMI High Dividend Yield Select Index NET - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.38% | - |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | February 3, 2026 |
Frequently asked questions about XDV and ZDIV
Which ETF is larger by assets under management: XDV or ZDIV?
As of September 11, 2026, XDV manages $2.61 B in assets, while ZDIV manages $12.49 M. XDV is the larger fund by AUM.
How are XDV and ZDIV managed?
XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark. ZDIV is passively managed by BMO. It tracks the MSCI Canada IMI High Dividend Yield Select Index NET - CAD benchmark.
What sectors do XDV and ZDIV emphasize?
XDV is most exposed to Finance, Utilities, and Energy. ZDIV is most exposed to Finance, Energy, and Utilities.
How do the fees of XDV and ZDIV compare?
XDV has an expense ratio of 0.55%, while ZDIV has an expense ratio of 0.09%.
What are the top holdings of XDV and ZDIV?
XDV's largest holdings include Royal Bank of Canada, Bank of Montreal, and Canadian Tire Corp. Ltd.. ZDIV's top holdings include Manulife Financial Corp., Sun Life Financial, Inc., and Power Corp of Canada.
Which ETF is more diversified: XDV or ZDIV?
XDV holds 30 securities, while ZDIV holds 50. On holdings count, ZDIV is the more diversified portfolio.
Recent articles about XDV and ZDIV
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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.