Investment Q&A

• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• Hamilton Enhanced Canadian Covered Call ETF (HDIV $20.16)
  • $20.16 P/E (TTM): 17.82X Cap: $983M
  • View HDIV Profile
  • View Questions on HDIV

Q: Good day, I hold both these etfs in a tfsa. Looking to consolidate into one. I’m leaning towards HDIV. Thoughts?

Seamus

Upvote 1

Read Answer Asked by Seamus on September 30, 2025

• BMO Canadian Dividend ETF (ZDV $25.84)
  • $25.84 P/E (TTM): 13.42X Cap: $1.30B
  • View ZDV Profile
  • View Questions on ZDV
• BMO Equal Weight Utilities Index ETF (ZUT $26.73)
  • $26.73 P/E (TTM): 17.63X Cap: $788M
  • View ZUT Profile
  • View Questions on ZUT
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.57)
  • $15.57 P/E (TTM): 9.31X Cap: $1.71B
  • View HMAX Profile
  • View Questions on HMAX
• Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.54)
  • $13.54 Cap: $930M
  • View UMAX Profile
  • View Questions on UMAX
• Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.40)
  • $9.40 P/E (TTM): 18.23X Cap: $201M
  • View UTES Profile
  • View Questions on UTES

Q: Hi,

I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.

My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.

Thanks,

Upvote 3

Read Answer Asked by Richard on August 25, 2025

• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: Your thoughts please on replacing the income portfolio with xdiv or vdy. Long term performance of 5 years is much better on the ETFs.

Thx

Upvote 1

Read Answer Asked by blake on June 16, 2025

• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $39.38)
  • $39.38 P/E (TTM): 14.83X Cap: $1.04B
  • View CDZ Profile
  • View Questions on CDZ
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• TD Q Canadian Dividend ETF (TQCD $23.57)
  • $23.57 P/E (TTM): 12.83X Cap: $1.38B
  • View TQCD Profile
  • View Questions on TQCD

Q: Good morning all. Could we please have your viewpoint on the above ETFs. TQCD seems to have the best total return over 5 years (according to Koyfin). Do you think this position can be maintained over the coming years?

Upvote 1

Read Answer Asked by Roger on June 10, 2025

• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $39.38)
  • $39.38 P/E (TTM): 14.83X Cap: $1.04B
  • View CDZ Profile
  • View Questions on CDZ
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: 1. For a Canadian dividend ETF, do you prefer CDZ or XDIV. CDZ has a much higher MER.
2. What would be 5 Canadian dividend stocks that you would purchase today if I choose not to proceed with one of the above ETFs ?

Upvote 2

Read Answer Asked by Thomas on June 10, 2025

• Royal Bank of Canada (RY $204.12)
  • $204.12 P/E (TTM): 15.72X Cap: $287.39B
  • View RY Profile
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• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH $2,278.03)
  • $2,278.03 P/E (TTM): 8.11X Cap: $48.66B
  • View FFH Profile
  • View Questions on FFH
• Fortis Inc. (FTS $70.66)
  • $70.66 P/E (TTM): 20.78X Cap: $35.25B
  • View FTS Profile
  • View Questions on FTS
• Brookfield Infrastructure Partners L.P. (BIP.UN $47.58)
  • $47.58 P/E (TTM): 1149.01X Cap: $21.93B
  • View BIP.UN Profile
  • View Questions on BIP.UN
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• Sonida Senior Living Inc Com (New) (CSU)
  • P/E (TTM): -0.5X Cap: $75M
  • View CSU Profile
  • View Questions on CSU
• Enbridge Inc (ENB $46.98)
  • $46.98 P/E (TTM): 23.08X Cap: $101.88B
  • View ENB Profile
  • View Questions on ENB
• Lumine Group Inc. (LMN $33.06)
  • $33.06 P/E (TTM): 131.81X Cap: $8.49B
  • View LMN Profile
  • View Questions on LMN
  • View Reports on LMN

Q: I have above stocks in my RRSP I like to drop FFH and trim CSU LMN (i'm up 150% on both), like to add AD.UN DIR.UN or T, trying to increase my income as I'm retired, the idea is to preserve capital, is it a good time to add this new stocks ? thanks

Upvote 6

Read Answer Asked by Fernando on May 13, 2025

• iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP $70.00)
  • $70.00 P/E (TTM): 27.06X Cap: $14B
  • View XSP Profile
  • View Questions on XSP
• iShares S&P/TSX Composite High Dividend Index ETF (XEI $30.90)
  • $30.90 P/E (TTM): 4.94X Cap: $2.50B
  • View XEI Profile
  • View Questions on XEI
• iShares S&P/TSX 60 Index ETF (XIU $45.01)
  • $45.01 P/E (TTM): 7.38X Cap: $17.85B
  • View XIU Profile
  • View Questions on XIU
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: hi
I’m trying to build a simple ETF portfolio with TSX & S&P500 exposure so that’s it’s easy to add during dips.
For the S&P500 i’m thinking XSP.
Not sure what to do about the TSX. Undecided on XIU, XEI or XDIV. I realize the composition of each is different. Energy, Financials, Utilities etc. What would you do?
Thanks

Upvote 3

Read Answer Asked by Carlo on April 15, 2025

• BMO S&P 500 Index ETF (ZSP $104.48)
  • $104.48 P/E (TTM): 26.73X Cap: $20.90B
  • View ZSP Profile
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• BMO Equal Weight Banks Index ETF (ZEB $53.18)
  • $53.18 P/E (TTM): 11.77X Cap: $4.29B
  • View ZEB Profile
  • View Questions on ZEB
• iShares Core S&P/TSX Capped Composite Index ETF (XIC $48.18)
  • $48.18 P/E (TTM): 6.15X Cap: $19.61B
  • View XIC Profile
  • View Questions on XIC
• iShares S&P/TSX Capped Information Technology Index ETF (XIT $86.73)
  • $86.73 P/E (TTM): 42.06X Cap: $790M
  • View XIT Profile
  • View Questions on XIT
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $39.38)
  • $39.38 P/E (TTM): 14.83X Cap: $1.04B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• BMO Nasdaq 100 Equity Index ETF (ZNQ $116.71)
  • $116.71 P/E (TTM): 35.05X Cap: $2.01B
  • View ZNQ Profile
  • View Questions on ZNQ

Q: Could you please provide your top 5 Canadian ETFS and top 3 dividend Canadian ETFs.  Rank the ETFs as well

Upvote 7

Read Answer Asked by Don on April 08, 2025

• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: This etf seems to have come out of the latest downturn without to much difficulty, so wandering what the reason for this latest performance. Is it because of the fairly low fees, or the quality of the stocks being held or is it a combination of a number of factors. I am thinking of investing in this etf for the long haul. Many tnx.

Upvote 5

Read Answer Asked by Jacques on March 21, 2025

• iShares S&P/TSX Composite High Dividend Index ETF (XEI $30.90)
  • $30.90 P/E (TTM): 4.94X Cap: $2.50B
  • View XEI Profile
  • View Questions on XEI
• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $39.38)
  • $39.38 P/E (TTM): 14.83X Cap: $1.04B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: I sold my individual dividend stocks and am replacing them with an ETF for simplicity. How would you rate/compare these dividendETFS? Which two do you prefer? I'll put 1 in my rrsp and a another in my TFSA. I am diversified in other countries already. I'm thinking XDIV and XEI might be the safest?

Upvote 4

Read Answer Asked by Carla on February 24, 2025

• BMO Equal Weight US Banks Index ETF (ZBK $38.71)
  • $38.71 P/E (TTM): 12.42X Cap: $629M
  • View ZBK Profile
  • View Questions on ZBK
• BMO MSCI USA High Quality Index ETF (ZUQ $97.62)
  • $97.62 P/E (TTM): 29.79X Cap: $1.21B
  • View ZUQ Profile
  • View Questions on ZUQ
• Global X S&P 500 Index Corporate Class ETF (HXS $98.37)
  • $98.37 Cap: $5.36B
  • View HXS Profile
  • View Questions on HXS
• iShares Core S&P/TSX Capped Composite Index ETF (XIC $48.18)
  • $48.18 P/E (TTM): 6.15X Cap: $19.61B
  • View XIC Profile
  • View Questions on XIC
• iShares S&P/TSX 60 Index ETF (XIU $45.01)
  • $45.01 P/E (TTM): 7.38X Cap: $17.85B
  • View XIU Profile
  • View Questions on XIU
• Vanguard U.S. Dividend Appreciation Index ETF (VGG $103.71)
  • $103.71 Cap: $2.25B
  • View VGG Profile
  • View Questions on VGG
• Global X Europe 50 Index Corporate Class ETF (HXX $65.52)
  • $65.52 Cap: $164M
  • View HXX Profile
  • View Questions on HXX
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• BMO S&P US Mid Cap Index ETF (ZMID $49.03)
  • $49.03 P/E (TTM): 20.07X Cap: $280M
  • View ZMID Profile
  • View Questions on ZMID

Q: I have CAD to invest in Canadian-dollar denominated ETFs: (1) Canadian stocks - VGG. XIU XIC XDIV; (2) US ETFs in CAD FX - HXS ZUQ ZMID and ZBK and (3) - EU ETF - HXX. How to go about assessing one against the other. Is there a better ETF in each group you would prefer? Would appreciate guidance on which ones are keepers for long-term hold? How would you evaluate them?

Upvote 5

Read Answer Asked by sam on February 14, 2025

• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: To my big surprise the monthly income from XDIV is classified as "interests" income at BMO Investorline and not as dividends income. A T5 slip will confirm this in a few weeks but in your view should it be interest or dividend? Thanks.

Upvote 2

Read Answer Asked by Charles on January 13, 2025

• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: I am a retired senior in his mid 70s and looking for monthly dividend income. I am looking for your opinion on this particular ETF to see if it would fit the bill. The etf I am looking for would have to be low to med risk and carry a descent monthly dividend, and have low fees. One of my concerns with this etf is diversification as it appears to only hold 20 stocks. Your opinion on this etf or any other one that would fit the bill would be appreciated. Thank you.

Upvote 6

Read Answer Asked by Jacques on January 08, 2025

• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• Hamilton Enhanced Canadian Covered Call ETF (HDIV $20.16)
  • $20.16 P/E (TTM): 17.82X Cap: $983M
  • View HDIV Profile
  • View Questions on HDIV

Q: Hello 51 and Happy New Year! I would like your opinion regarding the following ETFS : VDY, XDIV and HDIV. Considering MERs for each and total return on investment which one in your opinion is a better buy?

Thank you in advance for your response.

Upvote 3

Read Answer Asked by Yves on January 07, 2025

• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV
• iShares Core Growth ETF Portfolio (XGRO $34.84)
  • $34.84 P/E (TTM): 4.76X Cap: $3.91B
  • View XGRO Profile
  • View Questions on XGRO

Q: Can both of these be held in a long term balanced portfolio? Is there overlap between them?

Upvote 5

Read Answer Asked by Gary on December 22, 2024

• Dream Industrial Real Estate Investment Trust (DIR.UN $12.03)
  • $12.03 P/E (TTM): 25.77X Cap: $3.51B
  • View DIR.UN Profile
  • View Questions on DIR.UN
  • View Reports on DIR.UN
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: I currently hold dir.un and Xdiv both are moving down. I thought they would perform better when Interest rates are going down.

Thanks for the great service

Upvote 4

Read Answer Asked by Hector on December 17, 2024

• BMO Low Volatility Canadian Equity ETF (ZLB $55.32)
  • $55.32 P/E (TTM): 16.96X Cap: $5.27B
  • View ZLB Profile
  • View Questions on ZLB
• iShares Core S&P/TSX Capped Composite Index ETF (XIC $48.18)
  • $48.18 P/E (TTM): 6.15X Cap: $19.61B
  • View XIC Profile
  • View Questions on XIC
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: If I had all of these funds would there be too much overlap? What is your favourite one out of the group?

Upvote 4

Read Answer Asked by David C. on December 03, 2024

• iShares Core MSCI All Country World ex Canada Index ETF (XAW $51.83)
  • $51.83 P/E (TTM): 4.95X Cap: $3.48B
  • View XAW Profile
  • View Questions on XAW
• BMO Low Volatility Canadian Equity ETF (ZLB $55.32)
  • $55.32 P/E (TTM): 16.96X Cap: $5.27B
  • View ZLB Profile
  • View Questions on ZLB
• iShares Core S&P 500 Index ETF (XUS $59.28)
  • $59.28 P/E (TTM): 27.06X Cap: $10.37B
  • View XUS Profile
  • View Questions on XUS
• iShares Core MSCI Global Quality Dividend Index ETF (XDG $29.36)
  • $29.36 P/E (TTM): 12.91X Cap: $521M
  • View XDG Profile
  • View Questions on XDG
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: Do you have any concerns with someone holding these ETF’s for a 3 to 5 year time period?

Upvote 3

Read Answer Asked by David M. on November 25, 2024

• RBC Quant Canadian Dividend Leaders ETF (RCD $35.38)
  • $35.38 P/E (TTM): 14.29X Cap: $274M
  • View RCD Profile
  • View Questions on RCD
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.87)
  • $57.87 P/E (TTM): 5.96X Cap: $4.89B
  • View VDY Profile
  • View Questions on VDY
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: Question:
When analyzing Total return performance of VDY, RCD, XDIV over the long term. What % is due to price appreciation and what % is due to dividends?
These are ETF's focused on Canadian Dividend Income.

Previous Answer for XIU:

Over the last ten years, XIU’s total return CAGR is around 8.9%, with price appreciation and dividends accounting for 5.8% and 3.1%, respectively.

Over the last five years, XIU’s total return CAGR is around 11.7%, with price appreciation and dividends accounting for 8.3% and 3.4%, respectively.

Upvote 3

Read Answer Asked by Ian on November 01, 2024

• BMO Low Volatility Canadian Equity ETF (ZLB $55.32)
  • $55.32 P/E (TTM): 16.96X Cap: $5.27B
  • View ZLB Profile
  • View Questions on ZLB
• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.57)
  • $34.57 P/E (TTM): 10.17X Cap: $3.17B
  • View XDIV Profile
  • View Questions on XDIV

Q: Good evening 5i,

I have held ZLB for some time and while happy with the holding as part of my portfolio, I am considering a switch to HDIV. It would continue to be a long term hold.

Based on past perfromance, I don't see that the ZLB provides that much less volatility protection over HDIV to justify the higher fees and lower yield.

I would certainly appreicate your thoughts.

Thanks

Upvote 2

Read Answer Asked by ANDREW on October 17, 2024