Canadian dividend ETFs concentrate on companies with consistent dividend payments — typically banks, utilities, energy, REITs, and telecoms. They suit investors who want monthly or quarterly cash flow, or who prefer the lower volatility associated with mature, profitable businesses.
| Ticker | Name | MER | AUM | Distribution |
|---|---|---|---|---|
| ZEB | BMO Equal Weight Banks Index ETF | 0.28% | $3.1B | Monthly |
| XEG | iShares S&P/TSX Capped Energy Index ETF | 0.61% | $2.2B | Quarterly |
| XRE | iShares S&P/TSX Capped REIT Index ETF | 0.61% | $1.4B | Monthly |
| XGD | iShares S&P/TSX Global Gold Index ETF | 0.61% | $1.1B | Annual |
| ZUT | BMO Equal Weight Utilities Index ETF | 0.61% | $700M | Quarterly |
Largest by AUM: ZEB ($3.1B). Lowest MER: ZEB at 0.28%. AUM and MER are approximate snapshots — confirm on the issuer's fund page before investing.
Look for: (1) dividend yield (current annualized payout ÷ price), (2) yield sustainability (payout ratio under 80%), (3) sector concentration risk — many Canadian dividend ETFs are 50%+ financials and energy. ZEB (BMO Equal Weight Banks) is the cleanest play on Canada's Big Six banks at 0.28% MER. XRE concentrates REIT exposure for higher yield (~5%+) but with rate sensitivity. ZUT covers utilities, the most rate-sensitive defensive sector.
Need filters by issuer, MER, AUM, or distribution frequency? Compare across all Canadian dividend & income ETFs. For one-ticker portfolios, see which account to fund first, and the compound interest calculator to model long-term contributions.
Snapshot date: 2026-04-15. 5 Canadian-listed ETFs covering dividend & income, with MERs from 0.28% to 0.61%. Educational only — not advice. Verify all rates and holdings with the issuer before investing.
Last reviewed: April 2026