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%	5.19B	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%	2.23B	Feb 2020	TLV.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.05B	Mar 2016	TLV.TO vs TTP.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	16.67B	May 2009	TLV.TO vs ZCN.TO

Best Risk-Adjusted Alternatives to TLV.TO

TLV.TO has a PortfoliosLab risk / return rank of 92. 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
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.02B	Apr 2011	TLV.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	237.17M	Apr 2016	TLV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	97	235.07M	Nov 2006	TLV.TO vs XCV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	97	2.46B	Dec 2005	TLV.TO vs XDV.TO
HAL.TO	Global X Active Canadian Dividend ETF	96	123.68M	Feb 2010	TLV.TO vs HAL.TO

Top Performing TLV.TO Alternatives (YTD)

TLV.TO is at 9.97% YTD. There are 35 ETFs in the Canada Equities category with higher YTD returns, going as high as 23.53%.

Symbol	Name	YTD Return	AUM	Inception
XCS.TO	iShares S&P/TSX SmallCap Index ETF	23.53%	264.65M	May 2007	TLV.TO vs XCS.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	TLV.TO vs CFOU.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	22.21%	4.02B	Apr 2011	TLV.TO vs XEI.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	20.72%	—	Mar 2025	TLV.TO vs CLSA.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	20.31%	237.17M	Apr 2016	TLV.TO vs HXH.TO

Lowest Volatility Alternatives to TLV.TO

TLV.TO has 7.38% 1-year volatility. There is 1 ETF in the Canada Equities category with lower 1-year volatility, going as low as 7.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	7.21%	4.02B	Apr 2011	TLV.TO vs XEI.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	7.83%	2.46B	Dec 2005	TLV.TO vs XDV.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.04%	118.08M	May 2020	TLV.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.23%	237.17M	Apr 2016	TLV.TO vs HXH.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	8.26%	1.22B	Sep 2006	TLV.TO vs CDZ.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 -2.24%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-2.24%	4.02B	Apr 2011	TLV.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	237.17M	Apr 2016	TLV.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.86%	235.07M	Nov 2006	TLV.TO vs XCV.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	-4.11%	1.22B	Sep 2006	TLV.TO vs CDZ.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	-4.79%	2.46B	Dec 2005	TLV.TO vs XDV.TO

Other ETFs from Invesco

The 9 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 6 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	76	22.65%	1.96B	May 2021	TLV.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	66	19.79%	1.54B	May 2021	TLV.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500	54	10.79%	1.66B	May 2018	TLV.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	77	39.66%	—	Jan 2024	TLV.TO vs INAI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income	68	9.23%	155.19M	Nov 2025	TLV.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	82	16.01%	59.49M	Nov 2025	TLV.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	76	23.30%	—	Nov 2021	TLV.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	71	10.72%	1.05B	Mar 2020	TLV.TO vs ESG.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	82	12.27%	—	Oct 2020	TLV.TO vs ESGC.TO

Often Compared With TLV.TO

Investors most often compare TLV.TO with FCCV.TO, ZLB.TO, VCE.TO. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	90	15.39%	1.06B	Jun 2020	TLV.TO vs FCCV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	TLV.TO vs ZLB.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	72	10.03%	3.48B	Nov 2011	TLV.TO vs VCE.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.75%	29.66B	Feb 2001	TLV.TO vs XIC.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	10.38%	—	Sep 2025	TLV.TO vs CANY.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	93	14.98%	3.03B	Nov 2019	TLV.TO vs TQCD.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	TLV.TO vs ZDV.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Momentum, Canada Equities	76	9.66%	—	Jun 2020	TLV.TO vs FCCM.NEO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	TLV.TO vs HXT.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	77	10.48%	15.96B	Aug 2013	TLV.TO vs VCN.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Momentum, Canada Equities	88	18.83%	1.57B	Feb 2012	TLV.TO vs WXM.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	49	7.72%	413.82M	Jul 2012	TLV.TO vs XMV.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	Canada Equities, Derivative Income	—	13.62%	200.58M	Aug 2025	TLV.TO vs HHIC.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	96	19.58%	96.00M	Jun 2020	TLV.TO vs HCA.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	62	6.62%	922.80M	Jan 2019	TLV.TO vs FCCQ.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	13.70%	242.10M	Jul 2025	TLV.TO vs CDAY.NEO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities	96	19.10%	299.77M	Jan 2019	TLV.TO vs HEWB.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	93	8.54%	1.34B	Apr 2010	TLV.TO vs FIE.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	Canada Equities	48	5.50%	—	Apr 2025	TLV.TO vs HVOI.TO
FXM.TO	CI Morningstar Canada Value Index ETF	Canada Equities	95	15.45%	481.27M	Feb 2012	TLV.TO vs FXM.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