VS
iShares Edge MSCI Min Vol EAFE Index ETF (XML) and Manulife Smart International Dividend ETF (IDIV.B) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XML focuses its top 3 sector exposures on Finance, Consumer Non-Cyclicals, and Industrials, while IDIV.B leans towards Finance, Industrials, and Healthcare. When evaluating costs, XML features a management fee (MER) of 0.35%, compared to 0.35% for IDIV.B. Performance-wise, XML has returned 9.58% year-to-date with +$13 M in net flows, whereas IDIV.B is at 16.64% with +$2 B. 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
XML
IDIV.B
| AuM | $51.45 M | $2,385.21 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.37% | 0.40% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XML | -1.59% | +3.53% | +9.58% | +14.72% | +50.00% |
IDIV.B | -1.12% | +1.86% | +16.64% | +21.99% | +95.41% | |
| Flows | XML | +$0 M | +$10 M | +$13 M | +$12 M | +$12 M |
IDIV.B | +$120 M | +$505 M | +$1,550 M | +$1,731 M | +$1,949 M |
XML vs IDIV.B exposure
Countries
XML
Japan
27.92%
Switzerland
10.38%
United Kingdom
9.46%
Other
52.24%
IDIV.B
Japan
19.36%
United Kingdom
12.29%
France
12.09%
Italy
8.32%
Other
47.94%
Sectors
XML
Finance
23.66%
Consumer Non-Cyclicals
13.42%
Industrials
10.56%
Healthcare
10.50%
Energy
8.98%
Telecommunications
8.57%
Other
24.31%
IDIV.B
Finance
35.48%
Industrials
11.04%
Healthcare
8.74%
Consumer Non-Cyclicals
8.39%
Technology
7.82%
Other
28.53%
As of September 29, 2026
Top 10 Holdings
XML
DBS Group Holdings Ltd.
1.51%
Iberdrola SA
1.47%
Equinor ASA
1.47%
Takeda Pharmaceutical Co., Ltd.
1.46%
Shell Plc
1.44%
SECOM Co., Ltd.
1.43%
Eni SpA
1.40%
TotalEnergies SE
1.36%
Novartis AG
1.35%
Oversea-Chinese Banking Corp. Ltd.
1.34%
IDIV.B
ASML Holding NV
2.58%
EDP SA
2.00%
Banco Bilbao Vizcaya Argentaria SA
1.98%
Intesa Sanpaolo SpA
1.97%
Banco BPM SpA
1.95%
Volvo AB
1.92%
Klépierre SA
1.90%
AIB Group plc
1.90%
Assicurazioni Generali SpA
1.89%
TotalEnergies SE
1.89%
Diversification
XML
Total weight of top 10 holdings out of 266 total
14.23%
IDIV.B
Total weight of top 10 holdings out of 95 total
19.96%
Characteristics
Compare
XML
IDIV.B
| Provider | iShares | Manulife Investments |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI EAFE Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.66% | 1.69% |
| Meets ESG criteria | No | No |
| Inception Date | April 5, 2016 | November 9, 2022 |
Frequently asked questions about XML and IDIV.B
Which ETF has performed better year to date: XML or IDIV.B?
As of September 29, 2026, XML has returned 9.58% year to date, while IDIV.B has returned 16.64%. IDIV.B is ahead on YTD performance.
Which ETF is larger by assets under management: XML or IDIV.B?
As of September 29, 2026, XML manages $51.45 M in assets, while IDIV.B manages $2.39 B. IDIV.B is the larger fund by AUM.
How are XML and IDIV.B managed?
XML is passively managed by iShares. It tracks the MSCI EAFE Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD benchmark. IDIV.B is actively managed by Manulife Investments. It does not track an index.
What sectors do XML and IDIV.B emphasize?
XML is most exposed to Finance, Consumer Non-Cyclicals, and Industrials. IDIV.B is most exposed to Finance, Industrials, and Healthcare.
Which ETF is attracting more investor flows: XML or IDIV.B?
Year to date, XML has seen +$13.25 M in net flows, compared with +$1,549.59 M for IDIV.B. IDIV.B has attracted more net investor money so far.
How do the fees of XML and IDIV.B compare?
XML has an expense ratio of 0.37%, while IDIV.B has an expense ratio of 0.40%.
What are the top holdings of XML and IDIV.B?
XML's largest holdings include DBS Group Holdings Ltd., Iberdrola SA, and Equinor ASA. IDIV.B's top holdings include ASML Holding NV, EDP SA, and Banco Bilbao Vizcaya Argentaria SA.
Which ETF is more diversified: XML or IDIV.B?
XML holds 263 securities, while IDIV.B holds 95. On holdings count, XML is the more diversified portfolio.
Recent articles about XML and IDIV.B
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