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BMO US Dividend ETF (ZDY)
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iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD)
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Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) (VGH)
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Dynamic Active U.S. Dividend ETF (DXU)
ZDY has good liquidity (AUM of $440M), a lower MER of 0.33%, and a distribution yield of 2.5%. DXU has $125M in AUM, 0.75% MER, and does not pay a distribution, but rather holds many companies that have the potential to initiate a dividend. XHD provides exposure to a diversified portfolio of 75 high quality US dividend paying stocks, the ETF has $183M in AUM, and pays a distribution yield of 3.6%. VGH has an AUM of $606M, an MER of 0.31%, and a yield of 1.3%.
For an investor primarily seeking growth without a distribution, we like the DXU. For an investor looking for a combination of growth and yield, we like VGH. For an investor primarily looking for yield, we like XHD.
Within a TFSA, tax considerations include withholding tax removed from any distributions received, which for Canadian-listed US stock ETFs, such as these, is 15% from any distribution.