Is XEQT worth it over HDIV despite much less dividend income but more diversity?

I see a lot of love for XEQT in here, and the MER is less than HDIV, but for "setting and forgetting" a large amount for the long term? HDIV's dividend is currently 9.97% versus 1.63% for XEQT. It's still diversified a bit, in 6 different industries with the majority (35%) in financial. So not as diversified as XEQT but not a single stock either. Curious whether you feel strongly that the increased diversification of XEQT over HDIV is worth the taking much less recurring, compounding dividend income with XEQT?