VDY: Vanguard FTSE Canadian High Dividend Yield Index ETF

Nic Tustin, BA Econ

January 9, 2025 January 9, 2025

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VDY ETF Review

The Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) seeks to track the performance of a broad Canadian equity index that measures the investment return of common stocks of Canadian companies that are characterized by high dividend yield. VDY employs a passively managed, full-replicated index strategy to provide exposure to Canadian large-, mid-, and small-cap stocks, diversified across all industries.

Companies that pay dividends are signs of maturity and strength. Dividends can ease the effects of market volatility if they are reinvested. They have better valuation metrics and a higher dividend yield than the broader Canadian market. These companies tend to have proven management, solid balance sheets and strong cash flow.

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Top 10 VDY Holdings

The top 10 investments of VDY account for 69.4% of the total holdings.

Ticker	Name	Weight
RY	Royal Bank of Canada	15.15%
TD	Toronto-Dominion Bank	9.80%
CNQ	Canadian Natural Resources Ltd.	8.11%
ENB	Enbridge Inc.	7.63%
BMO	Bank of Montreal	6.35%
BNS	Bank of Nova Scotia	5.64%
SU	Suncor Energy Inc.	5.24%
MFC	Manulife Financial Corp.	4.67%
CM	Canadian Imperial Bank of Commerce	4.43%
TRP	TC Energy Corp.	3.92%

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Is VDY a Good ETF?

Quickly compare VDY to other investments focused on Canadian equities by fees, performance, yield, and other metrics to decide which ETF fits in your portfolio.

Manager	ETF	Name	Risk	Inception	MER	AUM	Holdings	Beta	P/E	Yield	Distributions	1Y	3Y	5Y	10Y	15Y
BlackRock	XDIV	iShares Core MSCI Canadian Quality Dividend Index ETF	Medium	2017-06-07	0.11%	$1,928,253,700	20	0.79	15.01	4.24%	Monthly	23.01%	11.45%	11.29%	N/A	N/A
BlackRock	XEI	iShares S&P/TSX Composite High Dividend Index ETF	Medium	2011-04-12	0.22%	$1,730,180,828	75	0.91	15.53	4.87%	Monthly	15.34%	7.34%	9.17%	7.37%	N/A
BlackRock	XIC	iShares Core S&P/TSX Capped Composite Index ETF	Medium	2001-02-16	0.06%	$15,068,652,638	224	1.00	18.97	2.41%	Quarterly	21.52%	8.51%	11.04%	8.62%	8.17%
BMO	ZWC	BMO Canadian High Dividend Covered Call ETF	Medium	2017-02-03	0.72%	$1,605,920,000	95	0.88	18.35	6.48%	Monthly	11.97%	5.12%	6.29%	N/A	N/A
Vanguard	VCN	Vanguard FTSE Canada All Cap Index ETF	Medium	2013-08-02	0.05%	$8,390,000,000	165	1.00	19.23	2.47%	Quarterly	22.27%	8.95%	11.24%	8.56%	N/A
Vanguard	VDY	Vanguard FTSE Canadian High Dividend Yield Index ETF	Medium	2012-11-02	0.22%	$2,360,000,000	52	0.95	N/A	2.64%	Monthly	5.82%	8.92%	9.34%	7.47%	N/A

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VDY vs XEI

VDY is the superior performing, less volatile, better value, more popular ETF than XEI which is older, more diversified and costs the same.

VDY vs VFV

VFV is the superior performing, less volatile, better value, more popular ETF than VDY which is older, more diversified and costs the same

VDY vs XDIV

VDY is the superior performing, less volatile, better value, more popular ETF than XDIV which is older, more diversified and costs the same.

VDY vs XIU

XIU is the superior performing, less volatile, better value, more popular ETF than VDY which is older, more diversified and costs the same.

VDY vs VCN

VDY is the superior performing, less volatile, better value, more popular ETF than VCN which is older, more diversified and costs the same.

VDY vs XDV

VDY is the superior performing, less volatile, better value, more popular ETF than XDV which is older, more diversified and costs the same.

VDY vs VCE

VDY is the superior performing, less volatile, better value, more popular ETF than VCE which is older, more diversified and costs the same.

VDY vs ZWC

VDY is the superior performing, less volatile, better value, more popular ETF than ZWC which is older, more diversified and costs the same.

VDY vs CDZ

VDY is the superior performing, less volatile, better value, more popular ETF than CDZ which is older, more diversified and costs the same.

VDY vs ZDV

VDY is the superior performing, less volatile, better value, more popular ETF than ZDV which is older, more diversified and costs the same.

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