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 12.24% year-to-date with +$210 M in net flows, whereas CDZ is at 13.88% with +$11 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 | $868.35 M | $1,228.51 M |
| Management Fees | 0.55% | 0.60% |
| Exp. ratio | 0.60% | 0.66% |
| Tracking Difference | -0.91% | -0.88% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMD | +0.79% | -1.11% | +12.24% | +30.13% | +96.13% |
CDZ | -3.21% | +0.22% | +13.88% | +20.84% | +71.56% | |
| Flows | XMD | +$31 M | +$112 M | +$210 M | +$326 M | +$380 M |
CDZ | +$0 M | +$9 M | +$11 M | +$41 M | -$87 M |
XMD vs CDZ exposure
Countries
XMD
Canada
90.73%
Other
9.27%
CDZ
Canada
97.47%
Sectors
XMD
Non-Energy Materials
31.12%
Finance
18.25%
Energy
15.45%
Industrials
14.87%
Other
20.32%
CDZ
Finance
28.58%
Energy
19.61%
Industrials
14.55%
Utilities
9.21%
Consumer Non-Cyclicals
7.32%
Other
20.73%
As of September 1, 2026
Top 10 Holdings
XMD
Bombardier, Inc.
2.94%
RB Global, Inc.
2.90%
Pan American Silver Corp.
2.63%
Great-West Lifeco, Inc.
2.44%
Lundin Mining Corp.
2.44%
Whitecap Resources, Inc.
2.02%
ARC Resources Ltd.
1.89%
iA Financial Corp., Inc.
1.88%
Toromont Industries Ltd.
1.78%
AltaGas Ltd.
1.76%
CDZ
South Bow Corp.
3.26%
Mullen Group Ltd.
2.78%
Gibson Energy, Inc.
2.72%
Westshore Terminals Investment Corp.
2.60%
TELUS Corp.
2.39%
Pembina Pipeline Corp.
2.24%
Enbridge, Inc.
2.22%
Canadian Natural Resources Ltd.
2.13%
CT Real Estate Investment Trust
2.05%
Sun Life Financial, Inc.
1.83%
Diversification
XMD
Total weight of top 10 holdings out of 159 total
22.69%
CDZ
Total weight of top 10 holdings out of 95 total
24.20%
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 | 0.93% | 3.04% |
| 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 September 1, 2026, XMD has returned 12.24% year to date, while CDZ has returned 13.88%. CDZ is ahead on YTD performance.
Which ETF is larger by assets under management: XMD or CDZ?
As of September 1, 2026, XMD manages $868.35 M in assets, while CDZ manages $1.23 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 +$209.80 M in net flows, compared with +$10.84 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 Bombardier, Inc., RB Global, Inc., and Pan American Silver Corp.. CDZ's top holdings include South Bow Corp., Mullen Group Ltd., and Gibson Energy, Inc..
Which ETF is more diversified: XMD or CDZ?
XMD holds 156 securities, while CDZ holds 95. On holdings count, XMD is the more diversified portfolio.
Recent articles about XMD and CDZ
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