A side-by-side comparison of iShares S&P/TSX Composite High Dividend Index ETF (XEI) and TD Q Canadian Dividend ETF (TQCD) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | XEI | TQCD |
|---|---|---|
| YTD Return | +20.96%✓ | +13.47% |
| 1-Day Change | +0.61%✓ | -0.31% |
| 1-Week Change | +0.28%✓ | -0.90% |
| 1-Month Change | +0.87%✓ | -0.04% |
| Current Price | $39.44 | $28.56 |
| AUM | $4.15B✓ | $3.12B |
| MER (Expense Ratio) | 22% | 0%✓ |
| Dividend Yield | 3.60%✓ | 2.79% |
| Distribution Frequency | Monthly | — |
| Inception Date | 2011-04-12 | 2019-11-20 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★★★★ |
| Category | Canadian Dividend and Income Equity | Canadian Dividend and Income Equity |
| Beta | 0.75 | 0.87 |
| 52-Week High | $39.71 | $29.00 |
| 52-Week Low | $26.99 | $20.83 |
| 50-Day MA | $38.20 | $27.99 |
| 200-Day MA | $34.58 | $25.82 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | XEI | TQCD |
|---|---|---|
| YTD | +20.96%✓ | +13.47% |
| 1 Year | +44.93%✓ | +36.59% |
| 3 Year | +23.26% | +28.39%✓ |
| 5 Year | +15.76% | +18.32%✓ |
| 10 Year | +12.58% | — |
| 1Y Volatility | 6.80% | 8.50% |
| Sharpe Ratio (3Y) | 1.81 | 2.17 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | TD | Toronto Dominion Bank | 5.62% |
| 2 | RY | Royal Bank of Canada | 5.48% |
| 3 | SU | Suncor Energy Inc | 5.06% |
| 4 | TRP | TC Energy Corp | 4.97% |
| 5 | ENB | Enbridge Inc | 4.82% |
| 6 | CNQ | Canadian Natural Resources Ltd | 4.54% |
| 7 | BMO | Bank of Montreal | 4.46% |
| 8 | NTR | Nutrien Ltd | 3.95% |
| 9 | CM | Canadian Imperial Bank Of Commerce | 3.94% |
| 10 | BNS | Bank of Nova Scotia | 3.85% |
| 1 | CM | Canadian Imperial Bank Of Commerce | 3.74% |
| 2 | BNS | Bank of Nova Scotia | 3.53% |
| 3 | TD | Toronto Dominion Bank | 3.52% |
| 4 | RY | Royal Bank of Canada | 3.48% |
| 5 | BMO | Bank of Montreal | 3.34% |
| 6 | SU | Suncor Energy Inc | 3.27% |
| 7 | NA | National Bank of Canada | 3.15% |
| 8 | ABX | Barrick Gold Corp | 3.12% |
| 9 | POW | Power Corporation Of Canada | 3.11% |
| 10 | PPL | Pembina Pipeline Corp | 3.09% |
Sector Weights
| Sector | XEI | TQCD |
|---|---|---|
| Basic Materials | 3.89% | 15.06% |
| Communication Services | 7.80% | 3.45% |
| Consumer Cyclicals | 5.83% | 2.36% |
| Consumer Defensive | 0.52% | 1.80% |
| Energy | 31.58% | 20.38% |
| Financial Services | 32.72% | 36.43% |
| Healthcare | 0.18% | 0.30% |
| Industrials | 0.74% | 10.06% |
| Real Estate | 4.72% | 3.58% |
| Technology | 0.65% | 1.20% |
| Utilities | 11.36% | 5.39% |
About XEI
Seeks long-term capital growth by replicating the performance of the S&P/TSX Composite High Dividend Index, net of expenses.
About TQCD
NA
Which ETF is Right for You?
Both XEI and TQCD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, XEI scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between XEI and TQCD?
XEI (iShares S&P/TSX Composite High Dividend Index ETF) and TQCD (TD Q Canadian Dividend ETF) are both Canadian-listed ETFs. Key differences include their AUM ($4.15B vs $3.12B), dividend yield (3.60% vs 2.79%), and year-to-date performance (+20.96% vs +13.47%).
Is XEI better than TQCD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, XEI has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy XEI and TQCD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both XEI and TQCD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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