XEQT vs. VGRO vs. VFV: Which Pays the Most Dividends? (2023)

Last Updated:¬†¬†‚ÄĘ Published¬†¬†‚ÄĘ

At the time I'm writing this, I own all of VFV, XEQT, and VGRO. Redundant, I know, which is why I'm going to axe one of them out of my portfolio.

In the meantime, since I keep a record of my dividend earnings, I'm going to calculate how much dividends each of these ETFs have paid me in the past year and share it here.

XEQT vs. VGRO vs. VFV: Which Pays the Most Dividends? (2023)

XEQT

iShares Core Equity ETF Portfolio (XEQT)

For every $100 I invested in XEQT in the past year, I received an average of $1.9046 in dividends.

If someone were to invest $10,000 into XEQT, they'd receive around $190.46 in dividends for the year.

XEQT is an ETF that tracks the performance of S&P companies in the US (¬Ī43%), companies in Canada (¬Ī24%)¬†as well as companies in other parts of¬†the world (¬Ī33%). Geographically, it is a well-diversified ETF when compared to VFV which only tracks the performance of S&P 500 companies in the US.

XEQT dividends are paid quarterly in March, June, September, and early January.

NOTE:

The dividend calculations in this post are tracked from my own investments purchased from April 2022 to April 2023.

I purchased my stocks on random dates which I did not keep a close track of, so that would affect my calculations and it would be slightly different from official results. However, I believe the difference should be negligible for everyday investors.

VGRO

Vanguard Growth ETF Portfolio (VGRO)

Around 80% of the holdings¬†VGRO¬†has are similar to that of XEQT, where the remaining ¬Ī20% are fixed income assets (e.g. bonds). ¬Ī80% of VGRO are equity spread across the US (¬Ī35%), Canada (¬Ī24%), and the rest of the world (¬Ī22%).

For every $100 I invested in VGRO the past year, I received an average of $2.1387 in dividends.

Out of the three ETFs in this post, VGRO paid me the most dividends last year.  VGRO dividends are paid quarterly in January, April, July, and October.

If someone were to invest $10,000 into VGRO, they'd receive around $213.87 in dividends.

Going forward, I am going to keep both XEQT and VGRO in my portfolio. I understand there are overlaps, but it's what I'm comfortable with for now, at least.

VFV

Vanguard S&P 500 Index ETF (VFV)

VFV tracks the performance of S&P 500 companies in the US only. It is the Canadian equivalent of US-listed VOO (Vanguard 500 Index Fund ETF), and it does not hold any bonds or direct exposure to companies outside the US.

Dividends from VFV are paid quarterly in January, April, July, and October.

For every $100 I invested in VFV in the past year, I received an average of $1.3316 in dividends.

If someone were to invest $10,000 into VFV, they should receive around $133.16 in dividends for the year.

I am most likely going to axe VFV from my portfolio, since both XEQT and VGRO already holds the companies VFV tracks.

Over and Out

Here is a summary that mainly compares the average dividend payouts I received from XEQT, VGRO, and VFV. 

XEQT VGRO VFV
Dividends I received for every $100 invested $1.9046 $2.1387 $1.3316
Dividends received if $10,000 invested $190.46 $213.87 $133.16
Dividend payouts Quarterly
(Mar, Jun, Sep, early Jan)
Quarterly
(Jan, Apr, Jul, 
Oct)
Quarterly
(Jan, Apr, Jul, Oct)
Holdings ¬Ī100% equity in the US, CA, rest of world ¬Ī80% stocks and ¬Ī20% fixed asset income in the US, CA, rest of world ¬Ī100% equity in¬†S&P 500 companies in the¬†US only¬†

Your Turn

Which of VGRO, XEQT, or VFV do you own? Do you own only one or all of them?

More Money Stuff ūüá®ūüá¶


Back to blog