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
60 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 | 3.1 % |
| TELUS CORPORATION | 2.9 % |
| GIBSON ENERGY INC | 2.7 % |
| WESTSHORE TERMINALS INVESTME | 2.5 % |
| ENBRIDGE INC | 2.3 % |
| MULLEN GROUP LTD | 2.2 % |
| CANADIAN NATURAL RESOURCES | 2.2 % |
| PEMBINA PIPELINE CORP | 2.2 % |
| ENGHOUSE SYSTEMS LIMITED | 1.9 % |
| COGECO INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 150 |
| 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. | 95.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 95.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.1% | 17.8% | 17.0% | 12.9% | 6.5% | 5.4% | -- | 3.8% |
| Dividend Yield | 0.3% | 2.7% | 3.6% | 3.8% | 3.6% | 3.9% | -- | 4.1% |
| Total Returns | 11.4% | 20.5% | 20.5% | 16.7% | 10.1% | 9.3% | -- | 7.9% | Ann. Volatility | 8.6% | 8.3% | 9.8% | 10.2% | 10.9% | 14.6% | -- | 15.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.32 | 20% |
| MSCI EAFE | 0.25 | 21% |
| MSCI Emg Mkts | 0.13 | 10% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $44.60 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.46/0.43 |
| Bollinger Bands (Upper/Lower) | $45.83/$43.89 |
| 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 |
|---|---|---|---|---|
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 42.5% | -35 bp | -0.8% |
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 41.2% | -27 bp | -1.0% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 41.1% | -38 bp | -0.9% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 40.5% | -30 bp | +1.7% |
| PXC.TO | Invesco RAFI Canadian Index ETF | 40.4% | -15 bp | -0.8% |
| TQCD.TO | TD Q Canadian Dividend ETF | 40.1% | -25 bp | -1.3% |
| ICAE.TO | Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF | 40.1% | -40 bp | -1.1% |
| CACE.TO | Avantis CIBC Canadian Equity ETF | 38.3% | -41 bp | -1.5% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 37.9% | -25 bp | -0.7% |
| CDEF.TO | Manulife Smart Defensive Equity ETF | 37.1% | -35 bp | -1.3% |
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 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
7.1%
ALTAR SCORE™
80th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. CDZ.TO's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places CDZ.TO in the 80th percentile
among funds in the category.
Sell-Side Consensus
$47.1
PRICE TARGET
+3.1%
UPSIDE