Canadian Equities - Updated Monthly

Canadian ETF Leaders

Updated April 2026 with factor data through February 2026. 1,701 Canadian ETFs are in the current universe, 24 were excluded as under two years old, 579 produced usable analysis output, and 6 passed the publish filters.

Analysis model: AQR Canada factors: market, size, value, quality, and momentum
The Canadian leaders table maps directly to the current AQR-backed Canadian model. Quality is represented by QMJ, so the public table shows a quality score rather than separate profitability and investment columns. Relative valuation uses split-adjusted recurring distributions; special distributions are excluded from valuation but remain in total return. A fund must also score on at least one non-market factor beyond market beta to qualify for the Leaders list.
What makes this page useful for Canadian ETF research

The Canadian leaders table is designed for readers who want a disciplined view of TSX-listed smart-beta funds rather than a marketing list of past winners. It highlights funds with credible factor capture, sensible beta, acceptable valuation, and enough history to judge the signal. Use it as the entry point for Canadian screening, then move into the full Canadian universe page when you need to compare near-miss funds or inspect the underlying factor mix in more detail.

Important disclaimer

This table is educational research, not a personalized recommendation for Canadian investors or advisors. A fund can rank well here and still be unsuitable because of taxes, currency exposure, liquidity, or account-specific constraints. Treat the list as a screening tool, then validate implementation details yourself.

Universe
1,701
Canadian ETF universe
Excluded as < 2y Old
24
Fewer than 24 monthly returns
Analyzed
579
Produced valid analysis output
Leaders
6
Passed publish filters
Top Leader
WXM.TO
CI Morningstar Canada Momentum Index ETF

Scroll horizontally using the top or bottom bar to view the full factor and performance detail.

Ticker Fund Name Fund
Score		 Mkt
Beta		 Small Value Quality Momentum Alpha % Factor Beta %
Backtested		 Rel. Sharpe
Backtested		 Rel. Sharpe
Actual		 Period Start Adj.
R^2		 Dividend Val.
100=Median		 MER
%		 AUM
($M)
Ticker Fund Name Fund
Score		 Mkt
Beta		 Small Value Quality Momentum Alpha % Factor Beta %
Backtested		 Rel. Sharpe
Backtested		 Rel. Sharpe
Actual		 Period Start Adj.
R^2		 Dividend Val.
100=Median		 MER
%		 AUM
($M)
WXM CI Morningstar Canada Momentum Index ETF 100.0 91.9 - - 43.2 100.0 -1.37 4.56 1.660 1.479 14.00Y 168M 2012-Mar 0.859 112.2 0.60 1,473
FXM CI Morningstar Canada Value Index ETF 90.0 90.9 100.0 100.0 62.2 - -1.30 4.42 1.445 1.190 14.00Y 168M 2012-Mar 0.870 113.4 0.60 469
HDIV Hamilton Enhanced Canadian Covered Call ETF 75.1 100.0 - 49.3 - - -0.65 1.50 1.207 1.093 4.58Y 55M 2021-Aug 0.933 104.2 0.65 1,462
DGRC CI Canada Quality Dividend Growth Index ETF 74.0 89.7 - - 100.0 - -3.17 3.93 1.190 0.874 8.42Y 101M 2017-Oct 0.933 96.8 0.21 838
VVL Vanguard Global Value Factor ETF 67.5 87.9 - 90.8 65.2 - 0.15 1.08 1.085 0.831 9.67Y 116M 2016-Jul 0.852 111.2 0.35 721
CDZ iShares S&P/TSX Canadian Dividend Aristocrats Index ETF 63.6 84.9 - 58.1 75.0 - -0.98 1.78 1.021 0.927 19.42Y 233M 2006-Oct 0.871 114.4 0.60 1,145
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Important context

VerifiedBeta publishes educational ETF research, not personalized investment advice, portfolio management, or security recommendations. Funds that screen well here can still be unsuitable for your objectives, taxes, liquidity needs, or constraints. Review fund documents, methodology assumptions, and your own circumstances before acting. See the full disclaimer.