VS
When evaluating costs, ZWC features a management fee (MER) of 0.65%, compared to 0.2% for VDY. Performance-wise, ZWC has returned 15.67% year-to-date with +$345 M in net flows, whereas VDY is at 29.32% with +$2 B. 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
ZWC
VDY
| AuM | $2,498.65 M | $9,324.81 M |
| Management Fees | 0.65% | 0.20% |
| Exp. ratio | 0.72% | 0.22% |
| Tracking Difference | - | -0.03% |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWC | +1.24% | +0.52% | +15.67% | +21.76% | +76.44% |
VDY | +2.91% | +0.41% | +29.32% | +39.80% | +135.95% | |
| Flows | ZWC | +$16 M | +$70 M | +$345 M | +$379 M | +$295 M |
VDY | +$66 M | +$264 M | +$2,080 M | +$2,435 M | +$3,959 M |
ZWC vs VDY exposure
Countries
ZWC
Exposure data will be available soon
VDY
Canada
96.94%
Sectors
ZWC
Exposure data will be available soon
VDY
Finance
59.44%
Energy
28.52%
Other
12.04%
As of October 23, 2026
Top 10 Holdings
ZWC
Exposure data will be available soon
VDY
Royal Bank of Canada
15.65%
The Toronto-Dominion Bank
11.07%
Bank of Montreal
6.59%
The Bank of Nova Scotia
6.17%
Enbridge, Inc.
6.05%
Canadian Imperial Bank of Commerce
5.71%
Canadian Natural Resources Ltd.
5.60%
Suncor Energy, Inc.
4.35%
Manulife Financial Corp.
3.88%
TC Energy Corp.
3.57%
Diversification
ZWC
Exposure data will be available soon
VDY
Total weight of top 10 holdings out of 60 total
68.65%
Characteristics
Compare
ZWC
VDY
| Provider | BMO | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada High Dividend Yield Net Tax Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.89% | 3.23% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | November 2, 2012 |
Frequently asked questions about ZWC and VDY
Which ETF has performed better year to date: ZWC or VDY?
As of October 23, 2026, ZWC has returned 15.67% year to date, while VDY has returned 29.32%. VDY is ahead on YTD performance.
Which ETF is larger by assets under management: ZWC or VDY?
As of October 23, 2026, ZWC manages $2.50 B in assets, while VDY manages $9.32 B. VDY is the larger fund by AUM.
How are ZWC and VDY managed?
ZWC is actively managed by BMO. It does not track an index. VDY is passively managed by Vanguard. It tracks the FTSE Canada High Dividend Yield Net Tax Index - CAD benchmark.
Which ETF is attracting more investor flows: ZWC or VDY?
Year to date, ZWC has seen +$345.45 M in net flows, compared with +$2,079.68 M for VDY. VDY has attracted more net investor money so far.
How do the fees of ZWC and VDY compare?
ZWC has an expense ratio of 0.72%, while VDY has an expense ratio of 0.22%.
Recent articles about ZWC and VDY
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.