Everyone loves a high-yield Canadian dividend ETF, and $HDIV is definitely one of the most talked-about options out there right now. A 9.70% annualized yield, monthly payouts, and 25% leverage definitely get your attention. But what are you actually buying when you pick up shares? HDIV basically holds a basket of Canadian sector covered-call ETFs. The goal is simple: squeeze out big monthly cash flow without completely giving up on long-term growth. And the performance numbers are pretty wild. We decided to sit down and break the whole thing down, how that yield is actually generated, what's inside the fund, how the leverage really works, and if it makes sense for a long-term strategy. Watch our full HDIV deep dive here 🎥 https://www.youtube.com/watch?v=HvgS8gq5iW8 Does $HDIV play a core role in your Canadian dividend strategy, or do you treat leveraged covered-call ETFs as a tactical add-on? Let me know in the comments 👇🏻
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6 Comments
Catherine
@ffcatherine · 45m
Tactical add on for me it’s abou 4% of my total portfolio
Patrick
@patrick2 · 28m
$HDIV is a power house and one of my bigger holdings.
Victor Smith
@smitty72 · 32m
It's 15% of my TFSA with XEQT being the remainder, and I use the monthly distribution to buy more XEQT.
Scott
@letorch · 42m
I've gotten rid of almost all my CC etfs and moved the funds to $HEQT. But $HDIV is the one I could never let go of. I let it produce its distributions in my TFSA alongside $EIT-UN to avoid that tax burden that CC etfs carry.
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