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Compare BMO Canadian Dividend ETF (ZDV) vs iShares Core S&P/TSX Composite High Dividend Index ETF (XEI) to find the best fit for your portfolio. ZDV provides Finance, Energy, and Non-Energy Materials exposures, while XEI is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, ZDV features a management fee (MER) of 0.35%, compared to 0.2% for XEI. Performance-wise, ZDV has returned 24.19% year-to-date with +$186 M in net flows, whereas XEI is at 25.56% with +$815 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
XEI
| AuM | $1,925.84 M | $4,361.27 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.39% | 0.22% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDV | -1.17% | +3.25% | +24.19% | +35.18% | +94.37% |
XEI | -1.68% | +1.67% | +25.56% | +34.72% | +86.44% | |
| Flows | ZDV | -$0 M | +$49 M | +$186 M | +$244 M | +$194 M |
XEI | +$32 M | +$203 M | +$815 M | +$1,126 M | +$1,660 M |
ZDV vs XEI exposure
Countries
ZDV
Canada
94.77%
XEI
Canada
92.89%
Other
7.11%
Sectors
ZDV
Finance
42.85%
Energy
21.95%
Non-Energy Materials
11.61%
Industrials
7.27%
Other
16.33%
XEI
Finance
36.75%
Energy
30.32%
Utilities
9.44%
Telecommunications
7.05%
Other
16.44%
As of September 16, 2026
Top 10 Holdings
ZDV
Royal Bank of Canada
8.79%
The Toronto-Dominion Bank
7.14%
The Bank of Nova Scotia
4.97%
Canadian Imperial Bank of Commerce
4.75%
Enbridge, Inc.
4.70%
Canadian Natural Resources Ltd.
4.39%
Bank of Montreal
3.22%
Brookfield Infrastructure Partners LP
2.52%
Manulife Financial Corp.
2.20%
Suncor Energy, Inc.
2.17%
XEI
Royal Bank of Canada
5.12%
Suncor Energy, Inc.
5.05%
The Toronto-Dominion Bank
5.04%
Canadian Natural Resources Ltd.
4.99%
Enbridge, Inc.
4.72%
TC Energy Corp.
4.54%
Bank of Montreal
4.37%
Nutrien Ltd.
4.09%
Canadian Imperial Bank of Commerce
3.80%
The Bank of Nova Scotia
3.77%
Diversification
ZDV
Total weight of top 10 holdings out of 61 total
44.87%
XEI
Total weight of top 10 holdings out of 75 total
45.49%
Characteristics
Compare
ZDV
XEI
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Composite High Dividend Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.63% | 3.45% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | April 12, 2011 |
Frequently asked questions about ZDV and XEI
Which ETF has performed better year to date: ZDV or XEI?
As of September 16, 2026, ZDV has returned 24.19% year to date, while XEI has returned 25.56%. XEI is ahead on YTD performance.
Which ETF is larger by assets under management: ZDV or XEI?
As of September 16, 2026, ZDV manages $1.93 B in assets, while XEI manages $4.36 B. XEI is the larger fund by AUM.
How are ZDV and XEI managed?
ZDV is actively managed by BMO. It does not track an index. XEI is passively managed by iShares. It tracks the S&P/TSX Composite High Dividend Total Return Index - CAD benchmark.
What sectors do ZDV and XEI emphasize?
ZDV is most exposed to Finance, Energy, and Non-Energy Materials. XEI is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZDV or XEI?
Year to date, ZDV has seen +$186.01 M in net flows, compared with +$814.67 M for XEI. XEI has attracted more net investor money so far.
How do the fees of ZDV and XEI compare?
ZDV has an expense ratio of 0.39%, while XEI has an expense ratio of 0.22%.
What are the top holdings of ZDV and XEI?
ZDV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia. XEI's top holdings include Royal Bank of Canada, Suncor Energy, Inc., and The Toronto-Dominion Bank.
Which ETF is more diversified: ZDV or XEI?
ZDV holds 61 securities, while XEI holds 75. On holdings count, XEI is the more diversified portfolio.
Recent articles about ZDV and XEI
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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.