VS
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 | $4,351.47 M | $12.49 M |
| Management Fees | 0.20% | 0.09% |
| Exp. ratio | 0.22% | 0.09% |
| Tracking Difference | -0.44% | 0.60% |
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% |
ZDIV | -0.85% | +3.01% | - | - | - | |
| Flows | XEI | +$48 M | +$199 M | +$811 M | +$1,134 M | +$1,663 M |
ZDIV | +$0 M | -$7 M | - | - | - |
XEI vs ZDIV exposure
Countries
XEI
Canada
92.89%
Other
7.11%
ZDIV
Canada
96.37%
Sectors
XEI
Finance
36.75%
Energy
30.32%
Utilities
9.44%
Telecommunications
7.05%
Other
16.44%
ZDIV
Finance
32.71%
Energy
31.09%
Utilities
11.61%
Other
24.59%
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%
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
XEI
Total weight of top 10 holdings out of 75 total
45.49%
ZDIV
Total weight of top 10 holdings out of 50 total
50.14%
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 | 3.46% | - |
| 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 September 11, 2026, XEI manages $4.35 B in assets, while ZDIV manages $12.49 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 0.09%.
What are the top holdings of XEI and ZDIV?
XEI's largest holdings include Royal Bank of Canada, Suncor Energy, Inc., and The Toronto-Dominion Bank. ZDIV's top holdings include Manulife Financial Corp., Sun Life Financial, Inc., and Power Corp of Canada.
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
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.