TLV.TO Alternatives & Similar ETFs

Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.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 TLV.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to TLV.TO

TLV.TO charges 0.33% annually. There are 18 ETFs in the Canada Equities category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	0.04%	5.53B	Jan 2018	TLV.TO vs QCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	TLV.TO vs DMEC.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.22B	Mar 2016	TLV.TO vs TTP.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.31B	Feb 2020	TLV.TO vs HXCN.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	16.91B	May 2009	TLV.TO vs ZCN.TO

Best Risk-Adjusted Alternatives to TLV.TO

TLV.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.

Symbol	Name	Risk / Return Rank	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	241.91M	Apr 2016	TLV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	98	238.82M	Nov 2006	TLV.TO vs XCV.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	105.70M	Jun 2020	TLV.TO vs HCA.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.06B	Oct 2020	TLV.TO vs HCAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	97	4.13B	Apr 2011	TLV.TO vs XEI.TO

Top Performing TLV.TO Alternatives (YTD)

TLV.TO is at 15.54% YTD. There are 17 ETFs in the Canada Equities category with higher YTD returns, going as high as 42.22%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	42.22%	86.85M	Jun 2007	TLV.TO vs CFOU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	37.50%	1.06B	Oct 2020	TLV.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	33.59%	—	Mar 2025	TLV.TO vs CLSA.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	31.63%	105.70M	Jun 2020	TLV.TO vs HCA.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	29.89%	326.90M	Jan 2019	TLV.TO vs HEWB.TO

Lowest Volatility Alternatives to TLV.TO

TLV.TO has 7.42% 1-year volatility. No ETFs in the Canada Equities category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 7.91%.

Symbol	Name	Volatility 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	7.91%	4.13B	Apr 2011	TLV.TO vs XEI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.18%	120.67M	May 2020	TLV.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.34%	241.91M	Apr 2016	TLV.TO vs HXH.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	8.63%	2.57B	Dec 2005	TLV.TO vs XDV.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	8.66%	—	Apr 2025	TLV.TO vs HVOI.TO

Lowest Drawdown Alternatives to TLV.TO

TLV.TO has a 1-year max drawdown of -4.07%. There are 2 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.52%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	241.91M	Apr 2016	TLV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	238.82M	Nov 2006	TLV.TO vs XCV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-4.22%	4.13B	Apr 2011	TLV.TO vs XEI.TO
PXC.TO	Invesco RAFI Canadian Index ETF	-4.64%	245.79M	Jan 2012	TLV.TO vs PXC.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	-4.79%	2.57B	Dec 2005	TLV.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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	69	20.02%	1.96B	May 2021	TLV.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	53	14.55%	1.54B	May 2021	TLV.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	69	14.48%	1.66B	May 2018	TLV.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	46	29.72%	—	Jan 2024	TLV.TO vs INAI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income, Equal Weight	84	12.97%	155.19M	Nov 2025	TLV.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	80	15.20%	59.49M	Nov 2025	TLV.TO vs QQCI.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	74	11.81%	1.05B	Mar 2020	TLV.TO vs ESG.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	69	20.38%	—	Nov 2021	TLV.TO vs QQCE.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	86	12.95%	—	Oct 2020	TLV.TO vs ESGC.TO
PZW.TO	Invesco FTSE RAFI Global Small-Mid ETF	Global Equities	84	15.70%	25.73M	Jan 2018	TLV.TO vs PZW.TO

Often Compared With TLV.TO

Investors most often compare TLV.TO with FCCV.TO, ZLB.TO, XCS.TO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	91	13.80%	1.15B	Jun 2020	TLV.TO vs FCCV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	TLV.TO vs ZLB.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	Canada Equities	56	13.79%	257.14M	May 2007	TLV.TO vs XCS.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	78	10.72%	3.48B	Nov 2011	TLV.TO vs VCE.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.67%	30.44B	Feb 2001	TLV.TO vs XIC.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	11.81%	—	Sep 2025	TLV.TO vs CANY.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	93	14.29%	3.17B	Nov 2019	TLV.TO vs TQCD.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	Oct 2011	TLV.TO vs ZDV.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Momentum, Canada Equities	79	9.13%	—	Jun 2020	TLV.TO vs FCCM.NEO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	82	10.34%	15.96B	Aug 2013	TLV.TO vs VCN.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	11.87%	203.19M	Aug 2025	TLV.TO vs HHIC.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	52	8.97%	1.23B	Sep 2006	TLV.TO vs CDZ.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	67	10.55%	421.80M	Jul 2012	TLV.TO vs XMV.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	88	11.25%	5.30B	Sep 2010	TLV.TO vs HXT.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	17.52%	242.10M	Jul 2025	TLV.TO vs CDAY.NEO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	85	13.84%	1.60B	Feb 2012	TLV.TO vs WXM.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	67	5.82%	967.80M	Jan 2019	TLV.TO vs FCCQ.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	91	14.46%	1.40B	Apr 2010	TLV.TO vs FIE.TO
FXM.TO	CI Morningstar Canada Value Index ETF	Canada Equities	94	13.17%	490.37M	Feb 2012	TLV.TO vs FXM.TO
XMD.TO	iShares S&P/TSX Completion Index ETF	Canada Equities	56	7.40%	764.37M	Mar 2001	TLV.TO vs XMD.TO

Compare TLV.TO with Any Fund or Stock

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

Symbol name

Diversifiers

Pair TLV.TO with funds that move differently

Invesco S&P/TSX Composite Low Volatility Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TLV.TO.

Explore TLV.TO Diversifiers

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