TCLV.TO vs. FIE.TO
Compare and contrast key facts about TD Q Canadian Low Volatility ETF (TCLV.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO).
TCLV.TO and FIE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCLV.TO is an actively managed fund by TD. It was launched on May 26, 2020. FIE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Equity Tgt Alloc NR CAD. It was launched on Apr 16, 2010.
Performance
TCLV.TO vs. FIE.TO - Performance Comparison
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TCLV.TO vs. FIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCLV.TO TD Q Canadian Low Volatility ETF | 0.94% | 24.55% | 17.71% | 2.95% | -0.91% | 23.83% | 7.13% |
FIE.TO iShares Canadian Financial Monthly Income ETF | -1.91% | 24.15% | 27.37% | 12.34% | -14.53% | 27.00% | 18.99% |
Returns By Period
In the year-to-date period, TCLV.TO achieves a 0.94% return, which is significantly higher than FIE.TO's -1.91% return.
TCLV.TO
- 1D
- 1.26%
- 1M
- -2.53%
- YTD
- 0.94%
- 6M
- 6.13%
- 1Y
- 17.25%
- 3Y*
- 13.52%
- 5Y*
- 11.49%
- 10Y*
- —
FIE.TO
- 1D
- 1.79%
- 1M
- -2.61%
- YTD
- -1.91%
- 6M
- 3.67%
- 1Y
- 20.81%
- 3Y*
- 19.00%
- 5Y*
- 10.84%
- 10Y*
- 10.45%
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TCLV.TO vs. FIE.TO - Expense Ratio Comparison
TCLV.TO has a 0.33% expense ratio, which is lower than FIE.TO's 0.85% expense ratio.
Return for Risk
TCLV.TO vs. FIE.TO — Risk / Return Rank
TCLV.TO
FIE.TO
TCLV.TO vs. FIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Low Volatility ETF (TCLV.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.
| TCLV.TO | FIE.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.97 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.62 | 2.48 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.59 | +0.34 |
Martin ratioReturn relative to average drawdown | 13.78 | 8.37 | +5.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCLV.TO | FIE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.97 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.05 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.68 | +0.62 |
Correlation
The correlation between TCLV.TO and FIE.TO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TCLV.TO vs. FIE.TO - Dividend Comparison
TCLV.TO's dividend yield for the trailing twelve months is around 1.92%, less than FIE.TO's 4.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCLV.TO TD Q Canadian Low Volatility ETF | 1.92% | 1.89% | 2.68% | 3.15% | 2.84% | 2.64% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.96% | 4.81% | 5.66% | 6.77% | 7.09% | 5.68% | 6.80% | 6.36% | 7.07% | 6.02% | 6.31% | 7.11% |
Drawdowns
TCLV.TO vs. FIE.TO - Drawdown Comparison
The maximum TCLV.TO drawdown since its inception was -15.27%, smaller than the maximum FIE.TO drawdown of -42.25%. Use the drawdown chart below to compare losses from any high point for TCLV.TO and FIE.TO.
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Drawdown Indicators
| TCLV.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.27% | -42.25% | +26.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -8.31% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | -23.03% | +7.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.25% | — |
Current DrawdownCurrent decline from peak | -2.77% | -5.15% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -5.06% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 2.58% | -1.22% |
Volatility
TCLV.TO vs. FIE.TO - Volatility Comparison
The current volatility for TD Q Canadian Low Volatility ETF (TCLV.TO) is 3.66%, while iShares Canadian Financial Monthly Income ETF (FIE.TO) has a volatility of 4.18%. This indicates that TCLV.TO experiences smaller price fluctuations and is considered to be less risky than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLV.TO | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 4.18% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.28% | 7.32% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.54% | 10.64% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 10.44% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.81% | 14.06% | -4.25% |