Stockchase Opinions

John DeGoeyiSHARES SP TSX COMP HIGH DIV INDEX ETFXEI.TOBUYSep 13, 2022

for long term? A good ETF. Pays income and offers stability. Dividend stocks tend to be value stocks.
$25.46

Stock price when the opinion was issued

$38.35

As of May 29, 2026. Market Open.

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BUY ON WEAKNESS

His choice in the space. Deliberately looks for names with higher yields. More diversified than, say, VDY.

DON'T BUY
In a registered account

Are better Canadian dividend plays. BMO does it better while Vanguard's is cheaper.

TOP PICK

High dividend, Canadian focus. Chart looks great. He's been underweight Canada a bit and is looking to catch up as a tactical addition. Canada may get a boost from sustained higher oil prices and the various national projects in the works.

A bit of a hedge against high oil prices and gold. This may not be a pick for you if you already have these components in your portfolio. MER is 0.22%. 

BUY
FHSA ideas.

As long as you have 4-5 years before the home purchase, you can be in an equity strategy. Equities can be volatile.

For Canadian exposure, VDY or XEI makes sense -- high dividends tend to do well in Canada. Lots of options in the US, but he'd stick to equal-weight (not market-weight) ETFs. S&P 500 is still 45% tech and communications, and that's a bit risky at this point. Consider RSP.

For European exposure go for a broad-based approach such as in VIDY.

HOLD

Still likes it.

BUY

About 25% Canadian banks, 30% energy. High-dividend type of strategy, mostly large-cap names. Yield ~4.5%, which grows about 8% a year. Returns of 16.5% over last 5 years on average. Not high growth, but reliable. Likes its diversification over XDV.

BUY

Basket of Canadian higher-dividend-paying stocks, largest weighting is banks at 24%. Oil, gas, and pipelines make up ~30%. Names such as TD, RY, and ENB. Likes and owns. Getting these dividends in a stable or falling interest rate environment makes sense. 

When you're buying a dividend strategy, you don't necessarily need to wait for a better entry point. Not overbought at 52 RSI. If you wait, then you're missing out on dividends for the time you're waiting. That said, September is usually a weaker month for markets (6/10 years for the S&P have been negative). Yield is ~4.6%.

BUY

Looks good, holding materials stocks and many dividend payers.

BUY

Looks good, holding materials stocks and many dividend payers.

BUY

Very good. Is at highs, mirroring the market, though we could face a pullback given Trump's tariff policies. We'll see. Maybe investors are getting jubilant.

BUY

Less exposed to financials than VDY, so you get more diversification.

BUY

He likes high-dividend ETFs. Good for those seeking income or to hold in a RRIF. This mixes big banks and insurers, and is less volatile than the market. You can buy and forget and collects the dividend. Good exposure to Canada, whose performance surprises him this year.

BUY

Big names in banks, energy, utilities. Very nice dividend yield, about 4% and change (going forward, it's ~6% after recent drop in the market). Nice, balanced way to get good dividend yield. Not high growth, but more reliable growth in the 7-8% EPS growth range.

WEAK BUY

Prioritizes dividend yield. MER is 22 bps. Yield is decent in the 4%-range. Nothing wrong with this one, though you may want to tilt away from energy right now. Energy exposure is higher than XDV. If Trump gets his way, there will be more oil and gas and the price will struggle. You'll want to be in an area that makes its money on volume, not on price.

BUY
VDY vs. XEI

Both are great examples of an ETF with Canadian names. Between 4.9-5.3% dividend yield. VDY has more banking exposure, so it depends on how much concentration you want in the Canadian banks.