VS
Compare iShares S&P/TSX Completion Index ETF (XMD) vs iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) to find the best fit for your portfolio. XMD provides Non-Energy Materials, Finance, and Energy exposures, while CDZ is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, XMD features a management fee (MER) of 0.55%, compared to 0.6% for CDZ. Performance-wise, XMD has returned 10.41% year-to-date with +$269 M in net flows, whereas CDZ is at 15.76% with +$6 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
XMD
CDZ
| AuM | $909.96 M | $1,240.99 M |
| Management Fees | 0.55% | 0.60% |
| Exp. ratio | 0.60% | 0.66% |
| Tracking Difference | -0.80% | -0.83% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMD | -0.19% | +2.77% | +10.41% | +14.92% | +104.34% |
CDZ | +2.04% | -2.40% | +15.76% | +19.57% | +80.06% | |
| Flows | XMD | +$47 M | +$119 M | +$269 M | +$361 M | +$448 M |
CDZ | -$2 M | -$2 M | +$6 M | +$30 M | -$81 M |
XMD vs CDZ exposure
Countries
XMD
Canada
92.37%
Other
7.63%
CDZ
Canada
97.18%
Sectors
XMD
Non-Energy Materials
37.85%
Finance
16.74%
Energy
15.27%
Industrials
13.49%
Other
16.65%
CDZ
Finance
28.12%
Energy
20.56%
Industrials
15.22%
Utilities
9.14%
Consumer Non-Cyclicals
7.19%
Other
19.77%
As of October 16, 2026
Top 10 Holdings
XMD
Pan American Silver Corp.
2.92%
Bombardier, Inc.
2.54%
Lundin Mining Corp.
2.41%
Great-West Lifeco, Inc.
2.25%
RB Global, Inc.
2.10%
Whitecap Resources, Inc.
2.10%
Alamos Gold, Inc.
2.05%
Equinox Gold Corp.
1.82%
ARC Resources Ltd.
1.82%
iA Financial Corp., Inc.
1.70%
CDZ
South Bow Corp.
3.48%
Westshore Terminals Investment Corp.
2.87%
Gibson Energy, Inc.
2.82%
Mullen Group Ltd.
2.81%
Canadian Natural Resources Ltd.
2.39%
Pembina Pipeline Corp.
2.30%
Enbridge, Inc.
2.15%
Cenovus Energy, Inc.
2.03%
CT Real Estate Investment Trust
2.03%
Topaz Energy Corp.
1.91%
Diversification
XMD
Total weight of top 10 holdings out of 157 total
21.71%
CDZ
Total weight of top 10 holdings out of 93 total
24.79%
Characteristics
Compare
XMD
CDZ
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Completion Total Return Index - CAD | S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.01% | 2.99% |
| Meets ESG criteria | No | No |
| Inception Date | March 2, 2001 | September 8, 2006 |
Frequently asked questions about XMD and CDZ
Which ETF has performed better year to date: XMD or CDZ?
As of October 16, 2026, XMD has returned 10.41% year to date, while CDZ has returned 15.76%. CDZ is ahead on YTD performance.
Which ETF is larger by assets under management: XMD or CDZ?
As of October 16, 2026, XMD manages $909.96 M in assets, while CDZ manages $1.24 B. CDZ is the larger fund by AUM.
How are XMD and CDZ managed?
XMD is passively managed by iShares. It tracks the S&P/TSX Completion Total Return Index - CAD benchmark. CDZ is passively managed by iShares. It tracks the S&P/TSX Canadian Dividend Aristocrats Total Return Index - CAD benchmark.
What sectors do XMD and CDZ emphasize?
XMD is most exposed to Non-Energy Materials, Finance, and Energy. CDZ is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: XMD or CDZ?
Year to date, XMD has seen +$269.05 M in net flows, compared with +$6.39 M for CDZ. XMD has attracted more net investor money so far.
How do the fees of XMD and CDZ compare?
XMD has an expense ratio of 0.60%, while CDZ has an expense ratio of 0.66%.
What are the top holdings of XMD and CDZ?
XMD's largest holdings include Pan American Silver Corp., Bombardier, Inc., and Lundin Mining Corp.. CDZ's top holdings include South Bow Corp., Westshore Terminals Investment Corp., and Gibson Energy, Inc..
Which ETF is more diversified: XMD or CDZ?
XMD holds 157 securities, while CDZ holds 93. On holdings count, XMD is the more diversified portfolio.
Recent articles about XMD and CDZ
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