Positive
Seeking Alpha
23 hours ago
XDIV:CA Is Too Concentrated To Be A Core Holding; A Strong Income Complement
iShares Core MSCI Canadian Quality Dividend Index ETF receives a buy rating for its high-quality, income-focused portfolio but not a strong buy due to concentration risk. XDIV:CA is heavily weighted in financials and energy, with the top 10 holdings making up over 77% of the fund, increasing sector- and company-specific risks. Despite concentration, XDIV:CA offers strong risk-adjusted returns, lower volatility, and a higher dividend yield (3.92%) compared to broader Canadian ETFs like VCE:CA.