Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Invesco S&P/TSX Composite Low Volatility Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) has returned 3.87% so far this year and 23.51% over the past 12 months. Over the last ten years, TLV.TO has returned 8.39% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since May 2, 2012, TLV.TO's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, your investment would double in approximately 19.9 years.

Historically, 66% of months were positive and 34% were negative. The best month was Mar 2021 with a return of +7.9%, while the worst month was May 2012 at -81.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TLV.TO closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was May 3, 2012 at -80.8%.

Invesco S&P/TSX Composite Low Volatility Index ETF has an annualized alpha of -2.61%, beta of 0.44, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since May 03, 2012.

• This ETF participated in 134.16% of S&P 500 Index downside but only 50.60% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.44 may look defensive, but with R² of 0.07 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.07 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TLV.TO has an expense ratio of 0.33%, placing it in the medium range.

TLV.TO ranks 96 for risk / return — in the top 96% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and compare them to a chosen benchmark (S&P 500 Index).

Invesco S&P/TSX Composite Low Volatility Index ETF provided a 3.16% dividend yield over the last twelve months, with an annual payout of CA$1.27 per share.

The table displays the monthly dividend distributions for Invesco S&P/TSX Composite Low Volatility Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco S&P/TSX Composite Low Volatility Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco S&P/TSX Composite Low Volatility Index ETF was 81.40%, occurring on Jun 1, 2012. The portfolio has not yet recovered.

The current Invesco S&P/TSX Composite Low Volatility Index ETF drawdown is 36.54%.

The chart below shows the rolling one-month volatility.