VS
Compare BMO Canadian Dividend ETF (ZDV) vs Invesco Canadian Dividend Index ETF (PDC) to find the best fit for your portfolio. ZDV provides Finance, Energy, and Non-Energy Materials exposures, while PDC is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, ZDV features a management fee (MER) of 0.35%, compared to 0.5% for PDC. Performance-wise, ZDV has returned 22.86% year-to-date with +$173 M in net flows, whereas PDC is at 26.37% with -$35 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
ZDV
PDC
| AuM | $1,900.53 M | $1,089.34 M |
| Management Fees | 0.35% | 0.50% |
| Exp. ratio | 0.39% | 0.56% |
| Tracking Difference | - | -0.91% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDV | +2.14% | +8.88% | +22.86% | +41.74% | +94.82% |
PDC | +3.86% | +12.54% | +26.37% | +44.54% | +94.94% | |
| Flows | ZDV | +$36 M | +$119 M | +$173 M | +$248 M | +$208 M |
PDC | +$2 M | +$2 M | -$35 M | -$58 M | -$217 M |
ZDV vs PDC exposure
Countries
ZDV
Canada
95.28%
PDC
Canada
91.54%
Other
8.46%
Sectors
ZDV
Finance
39.98%
Energy
25.90%
Non-Energy Materials
11.08%
Utilities
7.98%
Other
15.06%
PDC
Finance
47.53%
Energy
20.73%
Utilities
11.26%
Other
20.48%
As of July 17, 2026
Top 10 Holdings
ZDV
Royal Bank of Canada
7.80%
The Toronto-Dominion Bank
6.97%
Enbridge, Inc.
5.06%
The Bank of Nova Scotia
4.67%
Canadian Imperial Bank of Commerce
4.65%
Canadian Natural Resources Ltd.
4.40%
Bank of Montreal
3.02%
Suncor Energy, Inc.
2.86%
TC Energy Corp.
2.55%
Brookfield Infrastructure Partners LP
2.45%
PDC
The Toronto-Dominion Bank
8.85%
Bank of Montreal
8.56%
Canadian Imperial Bank of Commerce
8.25%
The Bank of Nova Scotia
8.01%
Enbridge, Inc.
7.95%
Sun Life Financial, Inc.
4.18%
Manulife Financial Corp.
4.05%
Canadian Natural Resources Ltd.
3.99%
Pembina Pipeline Corp.
3.94%
Fortis, Inc.
3.71%
Diversification
ZDV
Total weight of top 10 holdings out of 65 total
44.41%
PDC
Total weight of top 10 holdings out of 45 total
61.48%
Characteristics
Compare
ZDV
PDC
| Provider | BMO | Invesco |
| Management | Actively managed | Passively managed |
| Benchmark | - | NASDAQ Select Canadian Dividend Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.61% | 3.09% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | June 16, 2011 |
Frequently asked questions about ZDV and PDC
Which ETF has performed better year to date: ZDV or PDC?
As of July 17, 2026, ZDV has returned 22.86% year to date, while PDC has returned 26.37%. PDC is ahead on YTD performance.
Which ETF is larger by assets under management: ZDV or PDC?
As of July 17, 2026, ZDV manages $1.90 B in assets, while PDC manages $1.09 B. ZDV is the larger fund by AUM.
How are ZDV and PDC managed?
ZDV is actively managed by BMO. It does not track an index. PDC is passively managed by Invesco. It tracks the NASDAQ Select Canadian Dividend Total Return Index - CAD benchmark.
What sectors do ZDV and PDC emphasize?
ZDV is most exposed to Finance, Energy, and Non-Energy Materials. PDC is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZDV or PDC?
Year to date, ZDV has seen +$172.77 M in net flows, compared with -$35.07 M for PDC. ZDV has attracted more net investor money so far.
How do the fees of ZDV and PDC compare?
ZDV has an expense ratio of 0.39%, while PDC has an expense ratio of 0.56%.
What are the top holdings of ZDV and PDC?
ZDV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Enbridge, Inc.. PDC's top holdings include The Toronto-Dominion Bank, Bank of Montreal, and Canadian Imperial Bank of Commerce.
Which ETF is more diversified: ZDV or PDC?
ZDV holds 65 securities, while PDC holds 45. On holdings count, ZDV is the more diversified portfolio.
Recent articles about ZDV and PDC
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