VS
Compare iShares Core S&P/TSX Composite High Dividend Index ETF (XEI) vs Manulife Smart Dividend ETF (CDIV) to find the best fit for your portfolio. XEI provides Finance, Energy, and Utilities exposures, while CDIV is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, XEI features a management fee (MER) of 0.2%, compared to 0.25% for CDIV. Performance-wise, XEI has returned 25.39% year-to-date with +$811 M in net flows, whereas CDIV is at 18.43% with +$784 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
XEI
CDIV
| AuM | $4,351.47 M | $1,931.04 M |
| Management Fees | 0.20% | 0.25% |
| Exp. ratio | 0.22% | 0.28% |
| Tracking Difference | -0.44% | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEI | -0.54% | +1.41% | +25.39% | +34.96% | +90.30% |
CDIV | -1.47% | +2.30% | +18.43% | +28.78% | +91.07% | |
| Flows | XEI | +$48 M | +$199 M | +$811 M | +$1,134 M | +$1,663 M |
CDIV | +$93 M | +$340 M | +$784 M | +$891 M | +$1,075 M |
XEI vs CDIV exposure
Countries
XEI
Canada
92.89%
Other
7.11%
CDIV
Canada
96.38%
Sectors
XEI
Finance
36.75%
Energy
30.32%
Utilities
9.44%
Telecommunications
7.05%
Other
16.44%
CDIV
Finance
38.80%
Energy
20.74%
Non-Energy Materials
11.43%
Other
29.03%
As of September 11, 2026
Top 10 Holdings
XEI
Royal Bank of Canada
5.12%
Suncor Energy, Inc.
5.05%
The Toronto-Dominion Bank
5.04%
Canadian Natural Resources Ltd.
4.99%
Enbridge, Inc.
4.72%
TC Energy Corp.
4.54%
Bank of Montreal
4.37%
Nutrien Ltd.
4.09%
Canadian Imperial Bank of Commerce
3.80%
The Bank of Nova Scotia
3.77%
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
XEI
Total weight of top 10 holdings out of 75 total
45.49%
CDIV
Total weight of top 10 holdings out of 55 total
39.64%
Characteristics
Compare
XEI
CDIV
| Provider | iShares | Manulife Investments |
| Management | Passively managed | Actively managed |
| Benchmark | S&P/TSX Composite High Dividend Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.46% | 1.77% |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | November 10, 2020 |
Frequently asked questions about XEI and CDIV
Which ETF has performed better year to date: XEI or CDIV?
As of September 11, 2026, XEI has returned 25.39% year to date, while CDIV has returned 18.43%. XEI is ahead on YTD performance.
Which ETF is larger by assets under management: XEI or CDIV?
As of September 11, 2026, XEI manages $4.35 B in assets, while CDIV manages $1.93 B. XEI is the larger fund by AUM.
How are XEI and CDIV managed?
XEI is passively managed by iShares. It tracks the S&P/TSX Composite High Dividend Total Return Index - CAD benchmark. CDIV is actively managed by Manulife Investments. It does not track an index.
What sectors do XEI and CDIV emphasize?
XEI is most exposed to Finance, Energy, and Utilities. CDIV is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XEI or CDIV?
Year to date, XEI has seen +$810.69 M in net flows, compared with +$783.73 M for CDIV. XEI has attracted more net investor money so far.
How do the fees of XEI and CDIV compare?
XEI has an expense ratio of 0.22%, while CDIV has an expense ratio of 0.28%.
What are the top holdings of XEI and CDIV?
XEI's largest holdings include Royal Bank of Canada, Suncor Energy, Inc., and The Toronto-Dominion Bank. CDIV's top holdings include The Toronto-Dominion Bank, Canadian National Railway Co., and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: XEI or CDIV?
XEI holds 75 securities, while CDIV holds 55. On holdings count, XEI is the more diversified portfolio.
Recent articles about XEI and CDIV
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