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Compare iShares Core S&P/TSX Composite High Dividend Index ETF (XEI) vs BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV) to find the best fit for your portfolio. XEI and ZDIV provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, XEI features a management fee (MER) of 0.2%, 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
XEI
ZDIV
| AuM | $4,469.93 M | $14.73 M |
| Management Fees | 0.20% | 0.09% |
| Exp. ratio | 0.22% | 0.10% |
| Tracking Difference | -0.39% | 0.74% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEI | +4.16% | +1.01% | +29.06% | +34.59% | +107.73% |
ZDIV | +4.89% | +2.45% | - | - | - | |
| Flows | XEI | -$12 M | +$100 M | +$815 M | +$1,054 M | +$1,616 M |
ZDIV | +$2 M | +$2 M | - | - | - |
XEI vs ZDIV exposure
Countries
XEI
Canada
92.81%
Other
7.19%
ZDIV
Canada
95.98%
Sectors
XEI
Finance
36.41%
Energy
30.52%
Utilities
9.08%
Telecommunications
7.23%
Other
16.77%
ZDIV
Finance
32.79%
Energy
31.32%
Utilities
11.06%
Other
24.83%
As of October 26, 2026
Top 10 Holdings
XEI
Canadian Natural Resources Ltd.
5.37%
The Toronto-Dominion Bank
5.16%
Suncor Energy, Inc.
5.13%
Royal Bank of Canada
5.05%
Nutrien Ltd.
4.42%
Enbridge, Inc.
4.37%
TC Energy Corp.
4.23%
Bank of Montreal
4.23%
The Bank of Nova Scotia
3.98%
Canadian Imperial Bank of Commerce
3.70%
ZDIV
Manulife Financial Corp.
5.50%
Power Corp of Canada
5.50%
Sun Life Financial, Inc.
5.35%
Nutrien Ltd.
4.99%
National Bank of Canada
4.97%
Canadian Natural Resources Ltd.
4.81%
Fortis, Inc.
4.75%
Pembina Pipeline Corp.
4.70%
Suncor Energy, Inc.
4.56%
Enbridge, Inc.
4.28%
Diversification
XEI
Total weight of top 10 holdings out of 75 total
45.64%
ZDIV
Total weight of top 10 holdings out of 50 total
49.41%
Characteristics
Compare
XEI
ZDIV
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Composite High 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 | 3.37% | - |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | February 3, 2026 |
Frequently asked questions about XEI and ZDIV
Which ETF is larger by assets under management: XEI or ZDIV?
As of October 26, 2026, XEI manages $4.47 B in assets, while ZDIV manages $14.73 M. XEI is the larger fund by AUM.
How are XEI and ZDIV managed?
XEI is passively managed by iShares. It tracks the S&P/TSX Composite High 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 XEI and ZDIV emphasize?
XEI is most exposed to Finance, Energy, and Utilities. ZDIV is most exposed to Finance, Energy, and Utilities.
How do the fees of XEI and ZDIV compare?
XEI has an expense ratio of 0.22%, while ZDIV has an expense ratio of 0.10%.
What are the top holdings of XEI and ZDIV?
XEI's largest holdings include Canadian Natural Resources Ltd., The Toronto-Dominion Bank, and Suncor Energy, Inc.. ZDIV's top holdings include Manulife Financial Corp., Power Corp of Canada, and Sun Life Financial, Inc..
Which ETF is more diversified: XEI or ZDIV?
XEI holds 75 securities, while ZDIV holds 50. On holdings count, XEI is the more diversified portfolio.
Recent articles about XEI and ZDIV
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