CDZ.TO
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF
CDZ has been designed to replicate, to the extent possible, the performance of the S&P/TSX Canadian Dividend Aristocrats Index, net of expenses. Under normal market conditions, CDZ will primarily invest in securities of one or more iShares ETFs and/or Can
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.2 B
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Inception date | Sep 08, 2006 |
| Regulation | Canadian Mutual Fund Trust (ON) |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SOUTH BOW CORP | 2.9 % |
| TORONTO-DOMINION BANK | 2.7 % |
| POWER CORP OF CANADA | 2.6 % |
| ALLIED PROPERTIES REAL ESTATE INVESTMENT | 2.5 % |
| BANK OF NOVA SCOTIA | 2.3 % |
| TELUS CORPORATION | 2.3 % |
| CT REAL ESTATE INVESTMENT TRUST | 2.2 % |
| COGECO INC | 2.2 % |
| QUEBECOR INC -CL B | 2.1 % |
| GREAT-WEST LIFECO INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 93 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $28,093 |
| Large cap (>$10bn) | 47.4% |
| Mid cap ($2-10bn) | 24.6% |
| Small cap (<$2bn) | 19.2% |
| Developed mkts. | 95.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 95.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.8% | 19.4% | 15.2% | 10.4% | 8.2% | 6.2% | -- | 3.7% |
| Dividend Yield | 0.3% | 4.0% | 4.1% | 4.1% | 3.9% | 4.0% | -- | 4.1% |
| Total Returns | 8.1% | 23.3% | 19.3% | 14.5% | 12.1% | 10.2% | -- | 7.8% | Ann. Volatility | 7.6% | 10.5% | 9.7% | 10.3% | 10.8% | 14.7% | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.37 | 45% |
| MSCI EAFE | 0.44 | 47% |
| MSCI Emg Mkts | 0.33 | 32% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $42.81 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 0.52/0.45 |
| Bollinger Bands (Upper/Lower) | $44.41/$41.50 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CDZ.TO |
Expenses vs. CDZ.TO |
ALTAR Score™ vs. CDZ.TO |
|---|---|---|---|---|
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 41.7% | -45 bp | -0.8% |
| TTP.TO | TD Canadian Equity Index ETF | 36.8% | -63 bp | -1.3% |
| XDV.TO | iShares Canadian Select Dividend Index ETF | 36.7% | -13 bp | +0.1% |
| ZCN.TO | BMO S&P/TSX Capped Composite Index ETF | 36.6% | -63 bp | -1.5% |
| QCN.TO | Mackenzie Canadian Equity Index ETF | 36.5% | -64 bp | -1.3% |
| VCN.TO | Vanguard FTSE Canada All Cap Index ETF | 36.5% | -64 bp | -1.4% |
| XIC.TO | iShares Core S&P/TSX Capped Composite Index ETF | 36.5% | -63 bp | -1.5% |
| ZLB.TO | BMO Low Volatility Canadian Equity ETF | 35.9% | -29 bp | -0.9% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 35.6% | -63 bp | -1.4% |
| VDY.TO | Vanguard FTSE Canadian High Dividend Yield Index ETF | 34.4% | -46 bp | -0.7% |
Risk and Returns: CDZ.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
7.4%
ALTAR SCORE™
93rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 17 funds in the Canadian Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 0.6%. CDZ.TO's ALTAR Score™ is approximately 1.5 standard
deviations above the category average. This places CDZ.TO in the 93rd percentile
among funds in the category.
Sell-Side Consensus
$48.03
PRICE TARGET
+10.7%
UPSIDE