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  5. HDIV: Good day, I hold both these etfs in a tfsa. [Hamilton Enhanced Canadian Covered Call ETF]
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Q: Good day, I hold both these etfs in a tfsa. Looking to consolidate into one. I’m leaning towards HDIV. Thoughts?

Seamus
Asked by Seamus on September 30, 2025
5i Research Answer:

The two ETFs are a bit different. HDIV is a covered call focused ETF and utilizes leverage. XDIV is more of a plain vanilla high dividend ETF. The yield on HDIV is about 9% where the yield on XDIV is closer to 3%. Over longer-term periods, XDIV has outperformed HDIV and from a total return perspective, we would probably side with XDIV. It should perform better longer-term (not being capped by the covered calls) and also be more tax efficient (capital gains vs dividends).

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