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Compare BMO Canadian Dividend ETF (ZDV) vs BMO MSCI Canada IMI High Dividend Yield Index ETF (ZDIV) to find the best fit for your portfolio. ZDV provides Finance, Energy, and Non-Energy Materials exposures, while ZDIV is primarily weighted in Energy, Finance, and Utilities. When evaluating costs, ZDV features a management fee (MER) of 0.35%, compared to 0.09% for ZDIV. 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
ZDIV
| AuM | $1,900.53 M | $10.88 M |
| Management Fees | 0.35% | 0.09% |
| Exp. ratio | 0.39% | 0.09% |
| Tracking Difference | - | 0.50% |
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% |
ZDIV | +4.50% | +12.39% | - | - | - | |
| Flows | ZDV | +$36 M | +$119 M | +$173 M | +$248 M | +$208 M |
ZDIV | -$9 M | -$7 M | - | - | - |
ZDV vs ZDIV exposure
Countries
ZDV
Canada
95.28%
ZDIV
Canada
95.99%
Sectors
ZDV
Finance
39.98%
Energy
25.90%
Non-Energy Materials
11.08%
Utilities
7.98%
Other
15.06%
ZDIV
Energy
37.61%
Finance
30.23%
Utilities
11.29%
Other
20.86%
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%
ZDIV
Suncor Energy, Inc.
5.91%
Canadian Natural Resources Ltd.
5.77%
National Bank of Canada
5.25%
Pembina Pipeline Corp.
5.19%
Nutrien Ltd.
5.14%
Sun Life Financial, Inc.
5.01%
Enbridge, Inc.
4.88%
Power Corp of Canada
4.87%
Fortis, Inc.
4.56%
Manulife Financial Corp.
4.51%
Diversification
ZDV
Total weight of top 10 holdings out of 65 total
44.41%
ZDIV
Total weight of top 10 holdings out of 50 total
51.10%
Characteristics
Compare
ZDV
ZDIV
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada IMI High Dividend Yield Select Index NET - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.61% | - |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | February 3, 2026 |
Frequently asked questions about ZDV and ZDIV
Which ETF is larger by assets under management: ZDV or ZDIV?
As of July 17, 2026, ZDV manages $1.90 B in assets, while ZDIV manages $10.88 M. ZDV is the larger fund by AUM.
How are ZDV and ZDIV managed?
ZDV is actively managed by BMO. It does not track an index. ZDIV is passively managed by BMO. It tracks the MSCI Canada IMI High Dividend Yield Select Index NET - CAD benchmark.
What sectors do ZDV and ZDIV emphasize?
ZDV is most exposed to Finance, Energy, and Non-Energy Materials. ZDIV is most exposed to Energy, Finance, and Utilities.
How do the fees of ZDV and ZDIV compare?
ZDV has an expense ratio of 0.39%, while ZDIV has an expense ratio of 0.09%.
What are the top holdings of ZDV and ZDIV?
ZDV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Enbridge, Inc.. ZDIV's top holdings include Suncor Energy, Inc., Canadian Natural Resources Ltd., and National Bank of Canada.
Which ETF is more diversified: ZDV or ZDIV?
ZDV holds 65 securities, while ZDIV holds 50. On holdings count, ZDV is the more diversified portfolio.
Recent articles about ZDV and ZDIV
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