VS
Compare BMO Canadian Dividend ETF (ZDV) vs Invesco RAFI Canadian Index ETF (PXC) to find the best fit for your portfolio. ZDV and PXC provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, ZDV features a management fee (MER) of 0.35%, compared to 0.45% for PXC. Performance-wise, ZDV has returned 22.86% year-to-date with +$173 M in net flows, whereas PXC is at 21.37% with +$34 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
PXC
| AuM | $1,900.53 M | $258.98 M |
| Management Fees | 0.35% | 0.45% |
| Exp. ratio | 0.39% | 0.51% |
| Tracking Difference | - | 0.14% |
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% |
PXC | +2.93% | +8.80% | +21.37% | +43.75% | +106.56% | |
| Flows | ZDV | +$36 M | +$119 M | +$173 M | +$248 M | +$208 M |
PXC | -$0 M | -$0 M | +$34 M | +$34 M | -$55 M |
ZDV vs PXC exposure
Countries
ZDV
Canada
95.28%
PXC
Canada
98.53%
Sectors
ZDV
Finance
39.98%
Energy
25.90%
Non-Energy Materials
11.08%
Utilities
7.98%
Other
15.06%
PXC
Finance
35.91%
Energy
26.82%
Non-Energy Materials
13.02%
Other
24.25%
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%
PXC
Royal Bank of Canada
6.32%
The Toronto-Dominion Bank
6.29%
Suncor Energy, Inc.
5.34%
Canadian Natural Resources Ltd.
4.71%
Enbridge, Inc.
4.58%
The Bank of Nova Scotia
4.30%
Bank of Montreal
3.41%
Cenovus Energy, Inc.
3.39%
Nutrien Ltd.
3.11%
Canadian Imperial Bank of Commerce
2.95%
Diversification
ZDV
Total weight of top 10 holdings out of 65 total
44.41%
PXC
Total weight of top 10 holdings out of 101 total
44.40%
Characteristics
Compare
ZDV
PXC
| Provider | BMO | Invesco |
| Management | Actively managed | Passively managed |
| Benchmark | - | RAFI Fundamental Select Canada 100 Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.61% | 2.16% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | January 26, 2012 |
Frequently asked questions about ZDV and PXC
Which ETF has performed better year to date: ZDV or PXC?
As of July 17, 2026, ZDV has returned 22.86% year to date, while PXC has returned 21.37%. ZDV is ahead on YTD performance.
Which ETF is larger by assets under management: ZDV or PXC?
As of July 17, 2026, ZDV manages $1.90 B in assets, while PXC manages $258.98 M. ZDV is the larger fund by AUM.
How are ZDV and PXC managed?
ZDV is actively managed by BMO. It does not track an index. PXC is passively managed by Invesco. It tracks the RAFI Fundamental Select Canada 100 Index - CAD benchmark.
What sectors do ZDV and PXC emphasize?
ZDV is most exposed to Finance, Energy, and Non-Energy Materials. PXC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZDV or PXC?
Year to date, ZDV has seen +$172.77 M in net flows, compared with +$33.95 M for PXC. ZDV has attracted more net investor money so far.
How do the fees of ZDV and PXC compare?
ZDV has an expense ratio of 0.39%, while PXC has an expense ratio of 0.51%.
What are the top holdings of ZDV and PXC?
ZDV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Enbridge, Inc.. PXC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Suncor Energy, Inc..
Which ETF is more diversified: ZDV or PXC?
ZDV holds 65 securities, while PXC holds 101. On holdings count, PXC is the more diversified portfolio.
Recent articles about ZDV and PXC
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