VS
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 Financials, Energy, and Utilities exposures, while XEI is primarily weighted in Energy, Financials, 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 12.83% year-to-date with +$60 M in net flows, whereas XEI is at 15.65% with +$458 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 | $1,650.71 M | $3,727.86 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.39% | 0.22% |
| Tracking Difference | - | -0.45% |
Historical performance and flows
As of April 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDV | +3.61% | +7.39% | +12.83% | +40.87% | +70.79% |
XEI | +2.42% | +11.58% | +15.65% | +43.82% | +68.24% | |
| Flows | ZDV | -$3 M | +$60 M | +$60 M | +$159 M | +$99 M |
XEI | +$147 M | +$379 M | +$458 M | +$1,132 M | +$1,309 M |
ZDV vs XEI exposure
Countries
ZDV
Canada
95.82%
XEI
Canada
96.46%
Sectors
ZDV
Financials
31.82%
Energy
28.51%
Utilities
10.77%
Materials
9.03%
Other
19.87%
XEI
Energy
30.63%
Financials
28.55%
Utilities
13.11%
Communication Services
8.43%
Other
19.28%
As of April 27, 2026
Top 10 Holdings
ZDV
ROYAL BK CANADA
6.85%
TORONTO DOMINION
6.12%
CDN NATURAL RESOURCE
5.51%
ENBRIDGE
5.38%
BNS
4.28%
CDN IMPERIAL BK
4.23%
AGNICO EAGLE MINES LTD
2.85%
TC ENERGY CORP
2.68%
BANK OF MONTREAL
2.66%
SUNCOR ENERGY
2.52%
XEI
SUNCOR ENERGY
5.68%
CDN NATURAL RESOURCE
5.16%
ENBRIDGE
5.05%
TC ENERGY CORP
4.96%
ROYAL BK CANADA
4.90%
TORONTO DOMINION
4.87%
NUTRIEN LTD
4.63%
BANK OF MONTREAL
3.95%
CDN IMPERIAL BK
3.63%
FORTIS
3.60%
Diversification
ZDV
Total weight of top 10 holdings out of 64 total
43.07%
XEI
Total weight of top 10 holdings out of 75 total
46.43%
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 | 2.78% | 3.80% |
| 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 April 27, 2026, ZDV has returned 12.83% year to date, while XEI has returned 15.65%. XEI is ahead on YTD performance.
Which ETF is larger by assets under management: ZDV or XEI?
As of April 27, 2026, ZDV manages $1.65 B in assets, while XEI manages $3.73 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 Financials, Energy, and Utilities. XEI is most exposed to Energy, Financials, and Utilities.
Which ETF is attracting more investor flows: ZDV or XEI?
Year to date, ZDV has seen +$60.15 M in net flows, compared with +$457.87 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 BK CANADA, TORONTO DOMINION, and CDN NATURAL RESOURCE. XEI's top holdings include SUNCOR ENERGY, CDN NATURAL RESOURCE, and ENBRIDGE.
Which ETF is more diversified: ZDV or XEI?
ZDV holds 61 securities, while XEI holds 71. On holdings count, XEI is the more diversified portfolio.
Recent articles about ZDV and XEI
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