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Compare iShares S&P/TSX Capped Energy Index ETF (XEG) vs BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV) to find the best fit for your portfolio. XEG provides Energy, Finance, and Non-Energy Materials exposures, while ZDIV is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, XEG features a management fee (MER) of 0.55%, 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
XEG
ZDIV
| AuM | $2,520.07 M | $12.53 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | 4.63% | 0.60% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | +6.39% | +17.10% | +58.12% | +69.19% | +90.25% |
ZDIV | -1.12% | +3.40% | - | - | - | |
| Flows | XEG | +$12 M | -$115 M | +$54 M | +$259 M | -$367 M |
ZDIV | +$0 M | -$7 M | - | - | - |
XEG vs ZDIV exposure
Countries
XEG
Canada
99.97%
ZDIV
Canada
96.37%
Sectors
XEG
Energy
95.44%
ZDIV
Finance
32.71%
Energy
31.09%
Utilities
11.61%
Other
24.59%
As of September 15, 2026
Top 10 Holdings
XEG
Suncor Energy, Inc.
25.76%
Canadian Natural Resources Ltd.
25.07%
Cenovus Energy, Inc.
13.38%
Imperial Oil Ltd.
6.32%
Tourmaline Oil Corp.
5.36%
Whitecap Resources, Inc.
4.66%
ARC Resources Ltd.
4.36%
PrairieSky Royalty Ltd.
1.89%
Tamarack Valley Energy Ltd.
1.49%
Peyto Exploration & Development Corp.
1.22%
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
XEG
Total weight of top 10 holdings out of 27 total
89.50%
ZDIV
Total weight of top 10 holdings out of 50 total
50.14%
Characteristics
Compare
XEG
ZDIV
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Energy 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 | 2.33% | - |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2001 | February 3, 2026 |
Frequently asked questions about XEG and ZDIV
Which ETF is larger by assets under management: XEG or ZDIV?
As of September 15, 2026, XEG manages $2.52 B in assets, while ZDIV manages $12.53 M. XEG is the larger fund by AUM.
How are XEG and ZDIV managed?
XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy 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 XEG and ZDIV emphasize?
XEG is most exposed to Energy, Finance, and Non-Energy Materials. ZDIV is most exposed to Finance, Energy, and Utilities.
How do the fees of XEG and ZDIV compare?
XEG has an expense ratio of 0.61%, while ZDIV has an expense ratio of 0.10%.
What are the top holdings of XEG and ZDIV?
XEG's largest holdings include Suncor Energy, Inc., Canadian Natural Resources Ltd., and Cenovus Energy, Inc.. ZDIV's top holdings include Manulife Financial Corp., Sun Life Financial, Inc., and Power Corp of Canada.
Which ETF is more diversified: XEG or ZDIV?
XEG holds 27 securities, while ZDIV holds 50. On holdings count, ZDIV is the more diversified portfolio.
Recent articles about XEG 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.