PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

ETF · Currency in CAD · Last updated Jun 25, 2026

The Invesco S&P/TSX Composite Low Volatility Index ETF seeks to replicate the performance of the S&P/TSX Composite Low Volatility Index, providing exposure to approximately 50 of the least volatile stocks in the S&P/TSX Composite Index, weighted by the inverse of their volatility.

Looking to diversify beyond TLV.TO? The ETFs below have the lowest correlation with TLV.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TLV.TO.

Best Diversifiers for TLV.TO

12 ETFs have low correlation with TLV.TO (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P/TSX Capped Energy Index ETF (XEG.TO) (Energy Equities) with a 1Y correlation of -0.01, down from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XEG.TO
iShares S&P/TSX Capped Energy Index ETF-0.010.130.18
60
Energy Equities, Canada EquitiesTLV.TO vs XEG.TO
INOC.TO
Global X Inovestor Canadian Equity Index ETF0.090.350.38
65
Canada EquitiesTLV.TO vs INOC.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.120.19—
69
Nasdaq-100TLV.TO vs QQCE.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.120.290.33
53
Nasdaq-100TLV.TO vs QQC-F.TO
XCS.TO
iShares S&P/TSX SmallCap Index ETF0.150.360.38
56
Canada EquitiesTLV.TO vs XCS.TO
See all 56 diversifiers for TLV.TO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements TLV.TO

Add TLV.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with TLV.TO