NBI Canadian Dividend Income ETF (NDIV.TO) ETF Analysis

Fund Overview

NBI Canadian Dividend Income ETF (NDIV.TO) is an exchange-traded fund. The fund is issued by National Bank Investments Inc. It has been trading since January 28, 2021. The fund holds CA$19.29M in total net assets.

The largest positions on file are Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), and Bank of Nova Scotia (BNS.TO). Royal Bank of Canada alone accounts for 8.58% of the portfolio. The ten largest positions together make up 45.45% of the fund.

Performance Analysis

NDIV.TO last closed at CA$44.63 on September 3, 2026. Over the trailing twelve months the price has returned +22.54%. Across 5 years the annualized return works out at +12.02%. The trailing distribution yield is 1.94%.

Across the complete calendar years on file, 2021 returned +24.71% and 2022 returned −4.62%. Of the 5 complete calendar years on file, 4 finished higher. 2026 is still running; the price is +15.77% year to date.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$37.10 to CA$45.35. The latest close sits 20.3% above that 52-week low. Annualized volatility over the trailing 5 years is 10.02%. The reported beta is 0.86. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.