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Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) Alternatives

ETF · Currency in CAD · Last updated Aug 2, 2026

The ETF tracks Canadian dividend aristocrat equities from the S&P/TSX universe with ESG screening criteria.

Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) belongs to the Dividend category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ICAE.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ICAE.TO

ICAE.TO charges 0.23% annually. There are 7 ETFs in the Dividend category with lower expense ratios, going as low as 0.09%.

SymbolNameExpense RatioAUMInception
ZDIV.TO
BMO MSCI Canada IMI High Dividend Yield Index ETF0.09%—Feb 2026ICAE.TO vs ZDIV.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.11%6.16BJun 2017ICAE.TO vs XDIV.TO
FLVC.NEO
Franklin Canadian Low Volatility High Dividend Ind...0.15%57.60MMar 2024ICAE.TO vs FLVC.NEO
XDU.TO
iShares Core MSCI US Quality Dividend Index ETF0.16%335.28MJun 2017ICAE.TO vs XDU.TO
XDUH.TO
iShares Core MSCI US Quality Dividend Index ETF (C...0.16%134.45MJun 2017ICAE.TO vs XDUH.TO

Best Risk-Adjusted Alternatives to ICAE.TO

ICAE.TO has a PortfoliosLab risk / return rank of 36. There are 46 ETFs in the Dividend category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...
99
8.59BNov 2012ICAE.TO vs VDY.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...
98
6.16BJun 2017ICAE.TO vs XDIV.TO
FLVC.NEO
Franklin Canadian Low Volatility High Dividend Ind...
98
57.60MMar 2024ICAE.TO vs FLVC.NEO
CLSA.TO
Brompton Split Corp. Enhanced Equity Income ETF
98
—Mar 2025ICAE.TO vs CLSA.TO
PDC.TO
Invesco Canadian Dividend Index ETF
98
1.05BApr 2011ICAE.TO vs PDC.TO

Top Performing ICAE.TO Alternatives (YTD)

ICAE.TO is at 18.55% YTD. There are 14 ETFs in the Dividend category with higher YTD returns, going as high as 40.42%.

SymbolNameYTD ReturnAUMInception
CLSA.TO
Brompton Split Corp. Enhanced Equity Income ETF
40.42%
—Mar 2025ICAE.TO vs CLSA.TO
TBNK.TO
TD Canadian Bank Dividend Index ETF
33.22%
300.34MApr 2023ICAE.TO vs TBNK.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...
29.20%
6.16BJun 2017ICAE.TO vs XDIV.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...
28.99%
8.59BNov 2012ICAE.TO vs VDY.TO
PDC.TO
Invesco Canadian Dividend Index ETF
25.42%
1.05BApr 2011ICAE.TO vs PDC.TO

Lowest Volatility Alternatives to ICAE.TO

ICAE.TO has 19.83% 1-year volatility. There are 56 ETFs in the Dividend category with lower 1-year volatility, going as low as 6.37%.

SymbolNameVolatility 1YAUMInception
PINC.TO
Purpose Multi-Asset Income Fund6.37%108.20MApr 2018ICAE.TO vs PINC.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETF7.03%235.10MJan 2018ICAE.TO vs PDIV.TO
FLVC.NEO
Franklin Canadian Low Volatility High Dividend Ind...7.91%57.60MMar 2024ICAE.TO vs FLVC.NEO
VUDV.TO
Vanguard U.S. High Dividend Yield Index ETF8.21%—Mar 2026ICAE.TO vs VUDV.TO
PDF.TO
Purpose Core Dividend Fund8.46%475.00MSep 2013ICAE.TO vs PDF.TO

Lowest Drawdown Alternatives to ICAE.TO

ICAE.TO has a 1-year max drawdown of -16.49%. There are 53 ETFs in the Dividend category with shallower 1-year drawdowns, going as shallow as -2.72%.

SymbolNameMax Drawdown 1YAUMInception
ZZZD.TO
BMO Tactical Dividend ETF Fund
-2.72%
25.18MJan 2019ICAE.TO vs ZZZD.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...
-2.78%
6.16BJun 2017ICAE.TO vs XDIV.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...
-3.12%
8.59BNov 2012ICAE.TO vs VDY.TO
FLVC.NEO
Franklin Canadian Low Volatility High Dividend Ind...
-3.21%
57.60MMar 2024ICAE.TO vs FLVC.NEO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018ICAE.TO vs PINC.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 9 categories. AUM among these funds goes as high as $4B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
50
14.53%
3.73BMay 2021ICAE.TO vs QQC.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
41
10.64%
3.73BMay 2021ICAE.TO vs QQC-F.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CADS&P 500, Equal Weight
73
15.50%
3.02BMay 2018ICAE.TO vs EQL.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETFTechnology Equities
38
26.98%
—Jan 2024ICAE.TO vs INAI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETFS&P 500, Derivative Income, Equal Weight
86
14.06%
169.56MNov 2025ICAE.TO vs EQLI.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETFNasdaq-100
50
16.00%
—Nov 2021ICAE.TO vs QQCE.TO
ESG.TO
Invesco S&P 500 ESG Index ETFS&P 500, ESG
61
12.03%
1.22BMar 2020ICAE.TO vs ESG.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETFCanada Equities, Low Volatility
97
18.14%
103.58MApr 2012ICAE.TO vs TLV.TO
ESGC.TO
Invesco S&P/TSX Composite ESG Index ETFCanada Equities, ESG
90
14.48%
—Oct 2020ICAE.TO vs ESGC.TO
PFL.TO
Invesco Canadian Government Floating Rate Index ET...Canadian Government Bonds
98
1.41%
258.84MJul 2014ICAE.TO vs PFL.TO

Often Compared With ICAE.TO

Investors most often compare ICAE.TO with ZUD.TO, DXU.TO, BLOV.TO. These 11 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZUD.TO
BMO US Dividend Hedged to CAD ETFDividend, Actively Managed
79
13.32%
157.27MMar 2013ICAE.TO vs ZUD.TO
DXU.TO
Dynamic Active U.S. Dividend ETFDividend
48
20.02%
82.94MSep 2024ICAE.TO vs DXU.TO
BLOV.TO
Brompton North American Low Volatility Dividend ET...Dividend, Low Volatility
79
12.82%
11.26MApr 2020ICAE.TO vs BLOV.TO
CWIN.TO
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...Dividend
95
21.87%
—Jan 2025ICAE.TO vs CWIN.TO
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
96
16.58%
383.80MSep 2018ICAE.TO vs FCCD.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETFNasdaq-100, Derivative Income, Options Trading, Actively Managed
62
11.99%
63.79MAug 2024ICAE.TO vs QQCI.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CADLarge Cap Value Equities
95
18.99%
58.11MApr 2015ICAE.TO vs PXS.TO
ENBE.TO
Harvest Enbridge Enhanced High Income Shares ETFDerivative Income, Energy Equities, Dividend, Leveraged Equities—
20.40%
—Aug 2025ICAE.TO vs ENBE.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
90
12.55%
31.79BFeb 2001ICAE.TO vs XIC.TO
PXC.TO
Invesco RAFI Canadian Index ETFCanada Equities
97
22.41%
250.75MJan 2012ICAE.TO vs PXC.TO
UMVP.TO
Hamilton Champions Utilities Index ETFUtilities Equities, Dividend——314.00MJan 2026ICAE.TO vs UMVP.TO

Compare ICAE.TO with Any Fund or Stock

Compare ICAE.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair ICAE.TO with funds that move differently

Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ICAE.TO.

Explore ICAE.TO Diversifiers