UDA.TO Alternatives & Similar ETFs

Caldwell U.S. Dividend Advantage Fund (UDA.TO) belongs to the Dividend category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UDA.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to UDA.TO

UDA.TO charges 0.73% annually. There are 47 ETFs in the Dividend category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZDIV.TO	BMO MSCI Canada IMI High Dividend Yield Index ETF	0.09%	—	Feb 2026	UDA.TO vs ZDIV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	0.11%	6.16B	Jun 2017	UDA.TO vs XDIV.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	0.15%	57.60M	Mar 2024	UDA.TO vs FLVC.NEO
XDU.TO	iShares Core MSCI US Quality Dividend Index ETF	0.16%	335.28M	Jun 2017	UDA.TO vs XDU.TO
XDUH.TO	iShares Core MSCI US Quality Dividend Index ETF (C...	0.16%	134.45M	Jun 2017	UDA.TO vs XDUH.TO

Best Risk-Adjusted Alternatives to UDA.TO

UDA.TO has a PortfoliosLab risk / return rank of 53. There are 38 ETFs in the Dividend category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	99	8.59B	Nov 2012	UDA.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	98	6.16B	Jun 2017	UDA.TO vs XDIV.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	98	57.60M	Mar 2024	UDA.TO vs FLVC.NEO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	98	—	Mar 2025	UDA.TO vs CLSA.TO
PDC.TO	Invesco Canadian Dividend Index ETF	98	1.05B	Apr 2011	UDA.TO vs PDC.TO

Top Performing UDA.TO Alternatives (YTD)

UDA.TO is at 12.53% YTD. There are 39 ETFs in the Dividend category with higher YTD returns, going as high as 40.42%.

Symbol	Name	YTD Return	AUM	Inception
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	40.42%	—	Mar 2025	UDA.TO vs CLSA.TO
TBNK.TO	TD Canadian Bank Dividend Index ETF	33.22%	300.34M	Apr 2023	UDA.TO vs TBNK.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	29.20%	6.16B	Jun 2017	UDA.TO vs XDIV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	28.99%	8.59B	Nov 2012	UDA.TO vs VDY.TO
PDC.TO	Invesco Canadian Dividend Index ETF	25.42%	1.05B	Apr 2011	UDA.TO vs PDC.TO

Lowest Volatility Alternatives to UDA.TO

UDA.TO has 17.61% 1-year volatility. There are 50 ETFs in the Dividend category with lower 1-year volatility, going as low as 6.37%.

Symbol	Name	Volatility 1Y	AUM	Inception
PINC.TO	Purpose Multi-Asset Income Fund	6.37%	108.20M	Apr 2018	UDA.TO vs PINC.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	7.03%	235.10M	Jan 2018	UDA.TO vs PDIV.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	7.91%	57.60M	Mar 2024	UDA.TO vs FLVC.NEO
VUDV.TO	Vanguard U.S. High Dividend Yield Index ETF	8.21%	—	Mar 2026	UDA.TO vs VUDV.TO
PDF.TO	Purpose Core Dividend Fund	8.46%	475.00M	Sep 2013	UDA.TO vs PDF.TO

Lowest Drawdown Alternatives to UDA.TO

UDA.TO has a 1-year max drawdown of -8.44%. There are 24 ETFs in the Dividend category with shallower 1-year drawdowns, going as shallow as -2.72%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZZZD.TO	BMO Tactical Dividend ETF Fund	-2.72%	25.18M	Jan 2019	UDA.TO vs ZZZD.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	-2.78%	6.16B	Jun 2017	UDA.TO vs XDIV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	-3.12%	8.59B	Nov 2012	UDA.TO vs VDY.TO
FLVC.NEO	Franklin Canadian Low Volatility High Dividend Ind...	-3.21%	57.60M	Mar 2024	UDA.TO vs FLVC.NEO
PINC.TO	Purpose Multi-Asset Income Fund	-3.59%	108.20M	Apr 2018	UDA.TO vs PINC.TO

Often Compared With UDA.TO

Investors most often compare UDA.TO with VFV.TO, ENBE.TO, WXM.TO. These 9 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	70	12.34%	34.09B	Nov 2012	UDA.TO vs VFV.TO
ENBE.TO	Harvest Enbridge Enhanced High Income Shares ETF	Derivative Income, Energy Equities, Dividend, Leveraged Equities	—	20.40%	—	Aug 2025	UDA.TO vs ENBE.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	86	13.16%	1.30B	Feb 2012	UDA.TO vs WXM.TO
FCMO.NEO	Fidelity US Momentum ETF	Momentum, Large Cap Growth Equities	48	17.32%	—	Jun 2020	UDA.TO vs FCMO.NEO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities, Dividend	—	—	314.00M	Jan 2026	UDA.TO vs UMVP.TO
VMO.TO	Vanguard Global Momentum Factor ETF	Momentum, Global Equities	49	16.22%	511.94M	Jun 2016	UDA.TO vs VMO.TO
XMTM.TO	iShares MSCI USA Momentum Factor Index ETF	Momentum, Large Cap Blend Equities	40	22.91%	34.17M	Sep 2019	UDA.TO vs XMTM.TO
FCCM.NEO	Fidelity Canadian Momentum ETF	Momentum, Canada Equities	88	10.63%	—	Jun 2020	UDA.TO vs FCCM.NEO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	Momentum, Foreign Large Cap Equities	76	12.37%	147.89M	Nov 2014	UDA.TO vs ZXM.TO

Compare UDA.TO with Any Fund or Stock

Compare UDA.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair UDA.TO with funds that move differently

Caldwell U.S. Dividend Advantage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UDA.TO.

Explore UDA.TO Diversifiers

Caldwell U.S. Dividend Advantage Fund (UDA.TO) Alternatives