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TSX · CAD · ETF

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

NDIV.TO
Expense ratio 0.63% Yield 2.04% Assets CA$18.36M Since January 28, 2021 Family National Bank Investments Inc.

Last Updated: October 20, 2026

CA$44.99
CA$0.00 (0.00%)

October 20, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

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NDIV.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+21.40%CA$121.40
3 years+21.01%CA$177.19
5 years+12.71%CA$181.86
Since January 28, 2021+13.52%CA$206.67

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

NDIV.TO Return by Calendar Year

2026 is a partial year

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+16.94%
2025+20.24%
2024+18.23%
2023+4.52%
2022−4.62%
2021+24.71%

NDIV.TO Monthly Returns

−7%+6%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+4.0+2.0−4.2+5.1+2.4−0.6+2.5+4.6−1.5+1.8——
2025+0.4+1.6+0.4−0.8+5.7+1.4+0.9+3.5+3.0−1.2+0.2+3.8
2024+2.1+0.2+3.5+0.6+1.5−1.7+3.0+2.8+4.1+2.4+1.8−3.2
2023+0.1+1.7−0.3+0.2+1.8−0.6+0.8+0.2+0.3−5.7+4.0+2.1
2022+0.2−1.7+3.4−3.3−7.0+0.2+0.2−1.7+1.1+0.2+1.4+2.9
2021—+0.1+4.2+2.8−1.1+3.6+1.1+4.4−1.5−0.4+6.0+3.4

Monthly total returns with dividends reinvested; each cell prints its signed value.

NDIV.TO Volatility & Risk

Volatility: 5 yrs · Beta: 3 yrs
Annualized volatility
10.05%
Beta (3y)
0.86
Best year
+24.71%

2021

Worst year
−4.62%

2022

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

# Symbol Name Weight
1 RY Royal Bank of Canada 8.03%
2 TD The Toronto-Dominion Bank 6.13%
3 BNS.TO Bank of Nova Scotia 5.94%
4 LUG.TO Lundin Gold Inc 4.17%
5 BMO.TO Bank of Montreal 4.16%
6 CG.TO Centerra Gold Inc 3.53%
7 GEI.TO Gibson Energy Inc 3.11%
8 WPM.TO Wheaton Precious Metals Corp 3.08%
9 WTE.TO Westshore Terminals Investment Corp 3.04%
10 AEM.TO Agnico Eagle Mines Ltd 3.01%

Analysis

Data-derived

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$18.36M in total net assets. The expense ratio is 0.63%. On a CA$10,000 position that is CA$63.00 a year.

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 8.03% of the portfolio. The ten largest positions together make up 44.19% of the fund.

Performance Analysis

NDIV.TO last closed at CA$44.99 on October 20, 2026. Over the trailing twelve months the total return is +21.40%. Across 5 years the annualized return works out at +12.71%. The trailing distribution yield is 2.04%.

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 total return is +16.94% 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 21.27% above that 52-week low. Annualized volatility over the trailing 5 years is 10.05%. 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.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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