ICAE.TO Alternatives & Similar ETFs

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 5 ETFs in the Dividend category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZDIV.TO	BMO MSCI Canada IMI High Dividend Yield Index ETF	0.09%	—	Feb 2026	ICAE.TO vs ZDIV.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	0.11%	5.57B	Jun 2017	ICAE.TO vs XDIV.TO
XDU.TO	iShares Core MSCI US Quality Dividend Index ETF	0.16%	293.50M	Jun 2017	ICAE.TO vs XDU.TO
XDUH.TO	iShares Core MSCI US Quality Dividend Index ETF (C...	0.16%	100.48M	Jun 2017	ICAE.TO vs XDUH.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	0.22%	7.99B	Nov 2012	ICAE.TO vs VDY.TO

Best Risk-Adjusted Alternatives to ICAE.TO

ICAE.TO has a PortfoliosLab risk / return rank of 29. There are 23 ETFs in the Dividend category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	98	7.99B	Nov 2012	ICAE.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	98	5.57B	Jun 2017	ICAE.TO vs XDIV.TO
TBNK.TO	TD Canadian Bank Dividend Index ETF	97	382.20M	Apr 2023	ICAE.TO vs TBNK.TO
FCCD.TO	Fidelity Canadian High Dividend Index ETF	96	376.10M	Sep 2018	ICAE.TO vs FCCD.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	94	—	Jan 2025	ICAE.TO vs CWIN.TO

Top Performing ICAE.TO Alternatives (YTD)

ICAE.TO is at 16.94% YTD. There are 7 ETFs in the Dividend category with higher YTD returns, going as high as 30.82%.

Symbol	Name	YTD Return	AUM	Inception
TBNK.TO	TD Canadian Bank Dividend Index ETF	30.82%	382.20M	Apr 2023	ICAE.TO vs TBNK.TO
DXU.TO	Dynamic Active U.S. Dividend ETF	26.23%	82.94M	Sep 2024	ICAE.TO vs DXU.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	24.50%	7.99B	Nov 2012	ICAE.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	22.28%	5.57B	Jun 2017	ICAE.TO vs XDIV.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	20.36%	—	Jan 2025	ICAE.TO vs CWIN.TO

Lowest Volatility Alternatives to ICAE.TO

ICAE.TO has 19.70% 1-year volatility. There are 26 ETFs in the Dividend category with lower 1-year volatility, going as low as 6.89%.

Symbol	Name	Volatility 1Y	AUM	Inception
PDIV.TO	Purpose Enhanced Dividend Fund ETF	6.89%	225.10M	Jan 2018	ICAE.TO vs PDIV.TO
VUDV.TO	Vanguard U.S. High Dividend Yield Index ETF	8.11%	—	Mar 2026	ICAE.TO vs VUDV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	8.39%	7.99B	Nov 2012	ICAE.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	8.44%	5.57B	Jun 2017	ICAE.TO vs XDIV.TO
ZZZD.TO	BMO Tactical Dividend ETF Fund	8.45%	—	Jan 2019	ICAE.TO vs ZZZD.TO

Lowest Drawdown Alternatives to ICAE.TO

ICAE.TO has a 1-year max drawdown of -16.49%. There are 25 ETFs in the Dividend category with shallower 1-year drawdowns, going as shallow as -2.72%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZZZD.TO	BMO Tactical Dividend ETF Fund	-2.72%	—	Jan 2019	ICAE.TO vs ZZZD.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	-2.78%	5.57B	Jun 2017	ICAE.TO vs XDIV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	-3.12%	7.99B	Nov 2012	ICAE.TO vs VDY.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	-5.27%	225.10M	Jan 2018	ICAE.TO vs PDIV.TO
ZUD.TO	BMO US Dividend Hedged to CAD ETF	-5.67%	—	Mar 2013	ICAE.TO vs ZUD.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 7 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	72	21.68%	1.96B	May 2021	ICAE.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	52	16.21%	1.54B	May 2021	ICAE.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	78	17.42%	1.66B	May 2018	ICAE.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	47	29.72%	—	Jan 2024	ICAE.TO vs INAI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income, Equal Weight	91	15.80%	155.19M	Nov 2025	ICAE.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	84	16.93%	59.49M	Nov 2025	ICAE.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	68	20.94%	—	Nov 2021	ICAE.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	77	13.64%	1.05B	Mar 2020	ICAE.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	97	16.50%	99.35M	Apr 2012	ICAE.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	88	14.40%	—	Oct 2020	ICAE.TO vs ESGC.TO

Compare ICAE.TO with Any Fund or Stock

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

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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

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