VS
BMO International Dividend ETF (ZDH) and iShares Canadian Select Dividend Index ETF (XDV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZDH focuses its top 3 sector exposures on Finance, Industrials, and Consumer Non-Cyclicals, while XDV leans towards Finance, Utilities, and Energy. When evaluating costs, ZDH features a management fee (MER) of 0.4%, compared to 0.5% for XDV. Performance-wise, ZDH has returned 15.17% year-to-date with +$7 M in net flows, whereas XDV is at 23.89% with +$5 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
ZDH
XDV
| AuM | $240.02 M | $2,618.87 M |
| Management Fees | 0.40% | 0.50% |
| Exp. ratio | 0.44% | 0.55% |
| Tracking Difference | - | -0.92% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDH | -0.98% | +1.78% | +15.17% | +24.60% | +58.56% |
XDV | -1.75% | +2.50% | +23.89% | +38.28% | +101.00% | |
| Flows | ZDH | +$0 M | +$4 M | +$7 M | +$10 M | -$32 M |
XDV | -$10 M | +$5 M | +$5 M | +$50 M | -$71 M |
ZDH vs XDV exposure
Countries
ZDH
Japan
20.47%
France
14.37%
United Kingdom
14.03%
Netherlands
7.60%
Switzerland
7.54%
Other
35.99%
XDV
Canada
99.77%
Sectors
ZDH
Finance
31.23%
Industrials
13.19%
Consumer Non-Cyclicals
8.96%
Healthcare
7.89%
Technology
7.06%
Other
31.67%
XDV
Finance
54.07%
Utilities
10.85%
Energy
10.44%
Consumer Non-Cyclicals
9.48%
Other
15.15%
As of September 18, 2026
Top 10 Holdings
ZDH
ASML Holding NV
3.15%
HSBC Holdings Plc
2.85%
Intesa Sanpaolo SpA
2.53%
Roche Holding AG
2.42%
TotalEnergies SE
2.26%
DBS Group Holdings Ltd.
2.26%
Enel SpA
2.10%
Shell Plc
2.06%
Siemens AG
2.02%
Imperial Brands Plc
1.98%
XDV
Royal Bank of Canada
8.81%
Bank of Montreal
8.66%
Canadian Tire Corp. Ltd.
7.91%
The Toronto-Dominion Bank
5.56%
The Bank of Nova Scotia
5.51%
Canadian Imperial Bank of Commerce
5.30%
Sun Life Financial, Inc.
4.93%
Great-West Lifeco, Inc.
4.03%
TC Energy Corp.
3.94%
Power Corp of Canada
3.46%
Diversification
ZDH
Total weight of top 10 holdings out of 108 total
23.64%
XDV
Total weight of top 10 holdings out of 30 total
58.12%
Characteristics
Compare
ZDH
XDV
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | Dow Jones Canada Select Dividend Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.74% | 3.36% |
| Meets ESG criteria | No | No |
| Inception Date | September 2, 2015 | December 19, 2005 |
Frequently asked questions about ZDH and XDV
Which ETF has performed better year to date: ZDH or XDV?
As of September 18, 2026, ZDH has returned 15.17% year to date, while XDV has returned 23.89%. XDV is ahead on YTD performance.
Which ETF is larger by assets under management: ZDH or XDV?
As of September 18, 2026, ZDH manages $240.02 M in assets, while XDV manages $2.62 B. XDV is the larger fund by AUM.
How are ZDH and XDV managed?
ZDH is actively managed by BMO. It does not track an index. XDV is passively managed by iShares. It tracks the Dow Jones Canada Select Dividend Total Return Index - CAD benchmark.
What sectors do ZDH and XDV emphasize?
ZDH is most exposed to Finance, Industrials, and Consumer Non-Cyclicals. XDV is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: ZDH or XDV?
Year to date, ZDH has seen +$6.66 M in net flows, compared with +$4.88 M for XDV. ZDH has attracted more net investor money so far.
How do the fees of ZDH and XDV compare?
ZDH has an expense ratio of 0.44%, while XDV has an expense ratio of 0.55%.
What are the top holdings of ZDH and XDV?
ZDH's largest holdings include Roche Holding AG, ASML Holding NV, and HSBC Holdings Plc. XDV's top holdings include Royal Bank of Canada, Bank of Montreal, and Canadian Tire Corp. Ltd..
Which ETF is more diversified: ZDH or XDV?
ZDH holds 107 securities, while XDV holds 30. On holdings count, ZDH is the more diversified portfolio.
Recent articles about ZDH and XDV
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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.