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Invesco RAFI Canadian Index ETF (PXC.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 17, 2026

Invesco RAFI Canadian Index ETF seeks to replicate, before fees and expenses, the performance of the RAFI Canada Index. The index uses a fundamentals-based, rules-driven approach that selects and weights large Canadian companies by fundamental measures such as sales, cash flow, dividends, and book value rather than market capitalization, resulting in a value tilt relative to the broad market. Managed by Invesco Canada, it trades on the Toronto Stock Exchange.

Invesco RAFI Canadian Index ETF (PXC.TO) belongs to the Canada Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PXC.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PXC.TO

Among 50 ETFs in the Canada Equities category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.04%.

SymbolNameExpense RatioAUMInception
QCN.TO
Mackenzie Canadian Equity Index ETF0.04%5.52BJan 2018PXC.TO vs QCN.TO
TTP.TO
TD Canadian Equity Index ETF0.05%6.13BMar 2016PXC.TO vs TTP.TO
DMEC.TO
Desjardins Canadian Equity Index ETF0.05%—Apr 2024PXC.TO vs DMEC.TO
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate ...0.05%2.29BFeb 2020PXC.TO vs HXCN.TO
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF0.06%30.26BFeb 2001PXC.TO vs XIC.TO

Best Risk-Adjusted Alternatives to PXC.TO

PXC.TO has a PortfoliosLab risk / return rank of 96. There are 11 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...
98
242.85MApr 2016PXC.TO vs HXH.TO
XCV.TO
iShares Canadian Value Index ETF
98
244.56MNov 2006PXC.TO vs XCV.TO
HCA.TO
Hamilton Canadian Bank Mean Reversion Index ETF
97
100.40MJun 2020PXC.TO vs HCA.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
97
1.01BOct 2020PXC.TO vs HCAL.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF
97
4.15BApr 2011PXC.TO vs XEI.TO

Top Performing PXC.TO Alternatives (YTD)

PXC.TO is at 18.54% YTD. There are 13 ETFs in the Canada Equities category with higher YTD returns, going as high as 38.87%.

SymbolNameYTD ReturnAUMInception
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...
38.87%
83.33MJun 2007PXC.TO vs CFOU.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
33.19%
1.01BOct 2020PXC.TO vs HCAL.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETF
32.35%
2.32BMar 2001PXC.TO vs XEG.TO
HCA.TO
Hamilton Canadian Bank Mean Reversion Index ETF
28.02%
100.40MJun 2020PXC.TO vs HCA.TO
CLSA.TO
Brompton Split Corp. Enhanced Equity Income ETF
27.53%
—Mar 2025PXC.TO vs CLSA.TO

Lowest Volatility Alternatives to PXC.TO

PXC.TO has 10.29% 1-year volatility. There are 15 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 7.46%.

SymbolNameVolatility 1YAUMInception
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF7.46%99.35MApr 2012PXC.TO vs TLV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF7.85%4.15BApr 2011PXC.TO vs XEI.TO
TCLV.TO
TD Q Canadian Low Volatility ETF8.06%120.39MMay 2020PXC.TO vs TCLV.TO
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...8.27%242.85MApr 2016PXC.TO vs HXH.TO
ZDV.TO
BMO Canadian Dividend ETF8.59%1.83BOct 2011PXC.TO vs ZDV.TO

Lowest Drawdown Alternatives to PXC.TO

PXC.TO has a 1-year max drawdown of -4.64%. There are 4 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.52%.

SymbolNameMax Drawdown 1YAUMInception
HXH.TO
Global X Canadian High Dividend Index Corporate Cl...
-2.52%
242.85MApr 2016PXC.TO vs HXH.TO
XCV.TO
iShares Canadian Value Index ETF
-3.84%
244.56MNov 2006PXC.TO vs XCV.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF
-4.07%
99.35MApr 2012PXC.TO vs TLV.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF
-4.22%
4.15BApr 2011PXC.TO vs XEI.TO
XDV.TO
iShares Canadian Select Dividend Index ETF
-4.79%
2.56BDec 2005PXC.TO vs XDV.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 8 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
73
21.19%
1.96BMay 2021PXC.TO vs QQC.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
59
17.54%
1.54BMay 2021PXC.TO vs QQC-F.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CADS&P 500, Equal Weight
68
13.25%
1.66BMay 2018PXC.TO vs EQL.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETFTechnology Equities
51
32.05%
—Jan 2024PXC.TO vs INAI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETFS&P 500, Derivative Income, Equal Weight
81
11.23%
155.19MNov 2025PXC.TO vs EQLI.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETFNasdaq-100
84
16.15%
59.49MNov 2025PXC.TO vs QQCI.TO
ESG.TO
Invesco S&P 500 ESG Index ETFS&P 500, ESG
77
12.39%
1.05BMar 2020PXC.TO vs ESG.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETFNasdaq-100
74
21.57%
—Nov 2021PXC.TO vs QQCE.TO
ESGC.TO
Invesco S&P/TSX Composite ESG Index ETFCanada Equities, ESG
86
14.97%
—Oct 2020PXC.TO vs ESGC.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CADLarge Cap Value Equities
95
17.13%
—Apr 2015PXC.TO vs PXS.TO

Often Compared With PXC.TO

Investors most often compare PXC.TO with INOC.TO, PZW.TO, VCN.TO. These 6 comparison targets span 2 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
INOC.TO
Global X Inovestor Canadian Equity Index ETFCanada Equities
61
11.12%
—Nov 2017PXC.TO vs INOC.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETFGlobal Equities
77
14.05%
25.73MJan 2018PXC.TO vs PZW.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
85
12.41%
15.96BAug 2013PXC.TO vs VCN.TO
XCG.TO
iShares Canadian Growth Index ETFCanada Equities
7
-5.24%
144.51MNov 2006PXC.TO vs XCG.TO
XMD.TO
iShares S&P/TSX Completion Index ETFCanada Equities
66
13.45%
756.72MMar 2001PXC.TO vs XMD.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
85
12.67%
16.94BMay 2009PXC.TO vs ZCN.TO

Compare PXC.TO with Any Fund or Stock

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

 

Diversifiers

Pair PXC.TO with funds that move differently

Invesco RAFI Canadian Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PXC.TO.

Explore PXC.TO Diversifiers