ICAE.TO vs. BLOV.TO
ICAE.TO (Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF) and BLOV.TO (Brompton North American Low Volatility Dividend ETF) are both Dividend funds. ICAE.TO is passively managed, while BLOV.TO is actively managed. Over the past 3 years, ICAE.TO returned 16.16%/yr vs 12.86%/yr for BLOV.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
ICAE.TO vs. BLOV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ICAE.TO achieves a 17.91% return, which is significantly higher than BLOV.TO's 13.33% return.
ICAE.TO
- 1D
- 0.25%
- 1M
- 2.89%
- 6M
- 15.61%
- YTD
- 17.91%
- 1Y
- 17.34%
- 3Y*
- 16.16%
- 5Y*
- —
- 10Y*
- —
BLOV.TO
- 1D
- 0.15%
- 1M
- 2.36%
- 6M
- 11.57%
- YTD
- 13.33%
- 1Y
- 20.35%
- 3Y*
- 12.86%
- 5Y*
- 8.17%
- 10Y*
- —
ICAE.TO vs. BLOV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICAE.TO Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF | 17.91% | 10.02% | 17.62% | 5.84% |
BLOV.TO Brompton North American Low Volatility Dividend ETF | 13.33% | 14.08% | 11.35% | 2.86% |
Correlation
The correlation between ICAE.TO and BLOV.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.26 |
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Return for Risk
ICAE.TO vs. BLOV.TO — Risk / Return Rank
ICAE.TO
BLOV.TO
ICAE.TO vs. BLOV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) and Brompton North American Low Volatility Dividend ETF (BLOV.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICAE.TO | BLOV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.91 | -2.84 |
| Martin ratioReturn relative to average drawdown | 2.13 | 13.07 | -10.95 |
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Drawdowns
ICAE.TO vs. BLOV.TO - Drawdown Comparison
The maximum ICAE.TO drawdown since its inception was -16.49%, smaller than the maximum BLOV.TO drawdown of -46.98%. Use the drawdown chart below to compare losses from any high point for ICAE.TO and BLOV.TO.
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Drawdown Indicators
| ICAE.TO | BLOV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -46.98% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -5.23% | -11.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -41.86% | +25.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.98% | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.47% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -4.48% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.23% | 1.56% | +6.67% |
Volatility
ICAE.TO vs. BLOV.TO - Volatility Comparison
The current volatility for Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) is 2.14%, while Brompton North American Low Volatility Dividend ETF (BLOV.TO) has a volatility of 4.85%. This indicates that ICAE.TO experiences smaller price fluctuations and is considered to be less risky than BLOV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICAE.TO | BLOV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 4.85% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 7.78% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 9.18% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 33.19% | -17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 30.16% | -14.17% |
Dividends
ICAE.TO vs. BLOV.TO - Dividend Comparison
ICAE.TO's dividend yield for the trailing twelve months is around 2.72%, less than BLOV.TO's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BLOV.TO Brompton North American Low Volatility Dividend ETF | 3.71% | 4.13% | 4.51% | 4.80% | 4.25% | 3.19% | 2.45% |
ICAE.TO Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF | 2.72% | 3.29% | 3.33% | 2.87% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICAE.TO and BLOV.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Invesco and Brompton.
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