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Manulife Smart Dividend ETF (CDIV.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 5, 2026

The Manulife Smart Dividend ETF seeks to provide a steady flow of income and long-term capital appreciation by investing in a diversified portfolio of Canadian dividend-paying securities, using a quantitative approach focused on consistent and growing dividends.

Looking to diversify beyond CDIV.TO? The ETFs below have the lowest correlation with CDIV.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CDIV.TO.

Best Diversifiers for CDIV.TO

0 ETFs have low correlation with CDIV.TO (below 0.3), 0 of which are negatively correlated. The least correlated is TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX.TO) (Dividend) with a 1Y correlation of 0.32, roughly unchanged from 0.29 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TUEX.TO
TD Active U.S. Enhanced Dividend CAD Hedged ETF0.320.29—
50
Dividend, Large Cap Blend EquitiesCDIV.TO vs TUEX.TO
DXU.TO
Dynamic Active U.S. Dividend ETF0.330.360.40
79
DividendCDIV.TO vs DXU.TO
IDIV-B.TO
Manulife Smart International Dividend ETF Unhedged...0.500.42—
56
DividendCDIV.TO vs IDIV-B.TO
XDU.TO
iShares Core MSCI US Quality Dividend Index ETF0.500.510.49
53
Large Cap Value Equities, DividendCDIV.TO vs XDU.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF0.530.520.51
64
Dividend, Large Cap Blend EquitiesCDIV.TO vs VGG.TO
See all 18 diversifiers for CDIV.TO

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Diversification Analysis

Build a portfolio that complements CDIV.TO

Add CDIV.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CDIV.TO