Canadian Dividend ETFs

Compare the NAV of ZWC and VDY since 2017 inception. ZWC share price down about 11% while VDY is up about 40%.
Compare the actual payouts. ZWC has been between 0.10 and 0.11 monthly since 2017, so it is basically flat since inception. VDY total year div for 2017 was about $1.19 and in 2024 will be around $2.20 to $2.30. So getting close to doubling the dividend over those 7 years.
VDY has some extra risk because it is more concentrated, but it also has a much better total return and growing dividends. $BMO Canadian High Dividend Covered Call Fund - Series ETF (ZWC.CA)$ $VANGUARD FTSE CDN HIGH DIVID YIELD TRUST UNIT (VDY.CA)$ $VANGUARD S&P 500 INDEX ETF TR UNIT (VFV.CA)$