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 19 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%	5.72B	Jan 2018	TLV.TO vs QCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	TLV.TO vs DMEC.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.55B	Feb 2020	TLV.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.31B	Mar 2016	TLV.TO vs TTP.TO
VCE.TO	Vanguard FTSE Canada Index ETF	0.06%	3.54B	Nov 2011	TLV.TO vs VCE.TO

Best Risk-Adjusted Alternatives to TLV.TO

TLV.TO has a PortfoliosLab risk / return rank of 97. There are 12 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
XCV.TO	iShares Canadian Value Index ETF	98	250.15M	Nov 2006	TLV.TO vs XCV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	245.61M	Apr 2016	TLV.TO vs HXH.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	107.00M	Jun 2020	TLV.TO vs HCA.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	98	—	Mar 2025	TLV.TO vs CLSA.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.09B	Oct 2020	TLV.TO vs HCAL.TO

Top Performing TLV.TO Alternatives (YTD)

TLV.TO is at 18.03% YTD. There are 19 ETFs in the Canada Equities category with higher YTD returns, going as high as 55.99%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	55.99%	86.75M	Jun 2007	TLV.TO vs CFOU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	46.44%	1.09B	Oct 2020	TLV.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	42.34%	—	Mar 2025	TLV.TO vs CLSA.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	37.85%	107.00M	Jun 2020	TLV.TO vs HCA.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	36.46%	337.38M	Jan 2019	TLV.TO vs HEWB.TO

Lowest Volatility Alternatives to TLV.TO

TLV.TO has 7.53% 1-year volatility. There is 1 ETF in the Canada Equities category with lower 1-year volatility, going as low as 6.39%.

Symbol	Name	Volatility 1Y	AUM	Inception
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.39%	—	Jan 2020	TLV.TO vs FCMI.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	8.03%	4.25B	Apr 2011	TLV.TO vs XEI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.24%	121.83M	May 2020	TLV.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.45%	245.61M	Apr 2016	TLV.TO vs HXH.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	8.70%	—	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 3 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%	245.61M	Apr 2016	TLV.TO vs HXH.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	—	Jan 2020	TLV.TO vs FCMI.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	250.15M	Nov 2006	TLV.TO vs XCV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-4.22%	4.25B	Apr 2011	TLV.TO vs XEI.TO
PXC.TO	Invesco RAFI Canadian Index ETF	-4.64%	250.75M	Jan 2012	TLV.TO vs PXC.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 $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	66	19.68%	3.73B	May 2021	TLV.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	51	15.57%	3.73B	May 2021	TLV.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	70	14.27%	3.02B	May 2018	TLV.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	41	27.50%	—	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	87	12.94%	169.56M	Nov 2025	TLV.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	79	15.75%	63.79M	Nov 2025	TLV.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	62	20.57%	—	Nov 2021	TLV.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	70	12.47%	1.22B	Mar 2020	TLV.TO vs ESG.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	88	14.26%	—	Oct 2020	TLV.TO vs ESGC.TO
PZW.TO	Invesco FTSE RAFI Global Small-Mid ETF	Global Equities	80	16.55%	34.80M	Jan 2018	TLV.TO vs PZW.TO

Often Compared With TLV.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	53	7.89%	6.24B	Oct 2011	TLV.TO vs ZLB.TO
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	94	16.11%	1.19B	Jun 2020	TLV.TO vs FCCV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	98	25.50%	2.63B	Dec 2005	TLV.TO vs XDV.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	Canada Equities	60	17.01%	242.62M	May 2007	TLV.TO vs XCS.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.97%	31.16B	Feb 2001	TLV.TO vs XIC.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	14.33%	—	Sep 2025	TLV.TO vs CANY.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	96	18.51%	3.33B	Nov 2019	TLV.TO vs TQCD.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.62%	1.86B	Oct 2011	TLV.TO vs ZDV.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	11.79%	222.19M	Aug 2025	TLV.TO vs HHIC.TO
PXS.TO	Invesco RAFI U.S. Index ETF II CAD	Large Cap Value Equities	95	18.99%	58.11M	Apr 2015	TLV.TO vs PXS.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	89	12.79%	16.37B	Aug 2013	TLV.TO vs VCN.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Momentum, Canada Equities	87	11.38%	—	Jun 2020	TLV.TO vs FCCM.NEO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	65	13.05%	1.26B	Sep 2006	TLV.TO vs CDZ.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	13.87%	5.40B	Sep 2010	TLV.TO vs HXT.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	73	6.98%	993.50M	Jan 2019	TLV.TO vs FCCQ.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	80	12.80%	392.11M	Jul 2012	TLV.TO vs XMV.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	90	15.72%	1.61B	Feb 2012	TLV.TO vs WXM.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	92	19.03%	242.10M	Jul 2025	TLV.TO vs CDAY.NEO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.95%	17.34B	May 2009	TLV.TO vs ZCN.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	18.36%	—	Jan 2025	TLV.TO vs CMVP.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