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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to TLV.TO

TLV.TO charges 0.33% annually. Among ETFs in the Canada Equities category, these options have the lowest expense ratios among TLV.TO alternatives.

Symbol	Name	Expense Ratio	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	0.04%	Jan 24, 2018	TLV.TO vs QCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	Apr 15, 2024	TLV.TO vs DMEC.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	Feb 5, 2020	TLV.TO vs HXCN.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	0.05%	Aug 2, 2013	TLV.TO vs VCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	Mar 22, 2016	TLV.TO vs TTP.TO

Best Risk-Adjusted Alternatives to TLV.TO

Among ETFs in the Canada Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	98	Jan 22, 2019	TLV.TO vs HEWB.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	Jun 26, 2020	TLV.TO vs HCA.TO
FXM.TO	CI Morningstar Canada Value Index ETF	97	Feb 13, 2012	TLV.TO vs FXM.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	97	Apr 12, 2011	TLV.TO vs XEI.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	97	Mar 20, 2025	TLV.TO vs CLSA.TO

Top Performing TLV.TO Alternatives (YTD)

TLV.TO alternatives from the Canada Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	13.91%	Apr 12, 2011	TLV.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	11.87%	Apr 8, 2016	TLV.TO vs HXH.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	11.18%	May 14, 2007	TLV.TO vs XCS.TO
ZDV.TO	BMO Canadian Dividend ETF	10.62%	Oct 21, 2011	TLV.TO vs ZDV.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	9.05%	Aug 19, 2025	TLV.TO vs HHIC.TO

Lowest Volatility Alternatives to TLV.TO

TLV.TO alternatives from the Canada Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	8.37%	Apr 11, 2025	TLV.TO vs HVOI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	9.54%	May 26, 2020	TLV.TO vs TCLV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	10.20%	Dec 19, 2005	TLV.TO vs XDV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	10.26%	Apr 8, 2016	TLV.TO vs HXH.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	10.30%	Apr 12, 2011	TLV.TO vs XEI.TO

Lowest Drawdown Alternatives to TLV.TO

TLV.TO alternatives from the Canada Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
TCLV.TO	TD Q Canadian Low Volatility ETF	-6.37%	May 26, 2020	TLV.TO vs TCLV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	-6.53%	Oct 21, 2011	TLV.TO vs ZLB.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	-7.77%	Dec 19, 2005	TLV.TO vs XDV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-8.31%	Apr 16, 2010	TLV.TO vs FIE.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	-8.37%	Jul 24, 2012	TLV.TO vs XMV.TO

Other ETFs from Invesco

Most popular Invesco ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Large Cap Growth Equities	57	-4.69%	May 27, 2021	TLV.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Large Cap Blend Equities	61	-6.44%	May 27, 2021	TLV.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500	30	1.77%	May 29, 2018	TLV.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	57	-9.34%	Jan 18, 2024	TLV.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Large Cap Growth Equities	61	-2.67%	Nov 6, 2025	TLV.TO vs QQCI.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	41	-3.46%	Mar 5, 2020	TLV.TO vs ESG.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Large Cap Growth Equities	50	-5.29%	Nov 15, 2021	TLV.TO vs QQCE.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income	32	2.05%	Nov 6, 2025	TLV.TO vs EQLI.TO

Often Compared With TLV.TO

What investors most often compare with TLV.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.89%	Feb 16, 2001	TLV.TO vs XIC.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	90	3.13%	Nov 30, 2011	TLV.TO vs VCE.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	1.73%	Sep 17, 2025	TLV.TO vs CANY.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Canada Equities	96	4.13%	Jun 5, 2020	TLV.TO vs FCCM.NEO
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	95	5.92%	Jun 5, 2020	TLV.TO vs FCCV.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	97	7.36%	Nov 20, 2019	TLV.TO vs TQCD.TO
XMD.TO	iShares S&P/TSX Completion Index ETF	Canada Equities	94	7.32%	Mar 2, 2001	TLV.TO vs XMD.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	7.10%	Jan 24, 2025	TLV.TO vs CMVP.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	90	6.41%	Sep 8, 2006	TLV.TO vs CDZ.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	93	2.91%	Sep 14, 2010	TLV.TO vs HXT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.87%	May 29, 2009	TLV.TO vs ZCN.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	91	2.76%	Jan 18, 2019	TLV.TO vs FCCQ.TO
XCG.TO	iShares Canadian Growth Index ETF	Canada Equities	27	-0.53%	Nov 6, 2006	TLV.TO vs XCG.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Canada Equities	97	8.73%	Feb 13, 2012	TLV.TO vs WXM.TO
XCV.TO	iShares Canadian Value Index ETF	Canada Equities	97	8.06%	Nov 6, 2006	TLV.TO vs XCV.TO
ZIU.TO	BMO S&P/TSX 60 Index ETF	Canada Equities	93	2.87%	Sep 26, 2023	TLV.TO vs ZIU.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

Invesco S&P/TSX Composite Low Volatility Index ETF

Symbol name