TLV.TO vs. KNGC.TO

Last updated Jul 18, 2026

TLV.TO (Invesco S&P/TSX Composite Low Volatility Index ETF) and KNGC.TO (Brompton Canadian Cash Flow Kings ETF) are both Canada Equities funds - TLV.TO tracks the S&P/TSX Composite Low Volatility Index while KNGC.TO tracks the Brompton Index One Canadian Cash Flow Kings Index. Both are passively managed. Over the past year, TLV.TO returned 30.35% vs 40.06% for KNGC.TO. At a 0.17 correlation, their price movements are largely independent. TLV.TO charges 0.33%/yr vs 0.17%/yr for KNGC.TO.

Performance

TLV.TO vs. KNGC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Brompton Canadian Cash Flow Kings ETF (KNGC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLV.TO achieves a 19.12% return, which is significantly higher than KNGC.TO's 14.94% return.

TLV.TO

• 1D: 0.20%
• 1M: 4.22%
• 6M: 16.85%
• YTD: 19.12%
• 1Y: 30.35%
• 3Y*: 21.94%
• 5Y*: 12.00%
• 10Y*: 9.28%

KNGC.TO

• 1D: 0.79%
• 1M: -1.79%
• 6M: 8.54%
• YTD: 14.94%
• 1Y: 40.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLV.TO vs. KNGC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TLV.TO Invesco S&P/TSX Composite Low Volatility Index ETF	19.12%	22.51%	14.43%
KNGC.TO Brompton Canadian Cash Flow Kings ETF	14.94%	41.07%	-4.91%

Correlation

The correlation between TLV.TO and KNGC.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.17

Return for Risk

TLV.TO vs. KNGC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLV.TO

TLV.TO Risk / Return Rank: 97
TLV.TO Sharpe Ratio Rank: 98
TLV.TO Sortino Ratio Rank: 98
TLV.TO Omega Ratio Rank: 97
TLV.TO Calmar Ratio Rank: 97
TLV.TO Martin Ratio Rank: 97

KNGC.TO

KNGC.TO Risk / Return Rank: 96
KNGC.TO Sharpe Ratio Rank: 96
KNGC.TO Sortino Ratio Rank: 96
KNGC.TO Omega Ratio Rank: 95
KNGC.TO Calmar Ratio Rank: 96
KNGC.TO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLV.TO vs. KNGC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Brompton Canadian Cash Flow Kings ETF (KNGC.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.

	TLV.TO	KNGC.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.03	3.19	+0.85
Sortino ratio: Return per unit of downside risk	6.13	4.46	+1.66
Omega ratio: Gain probability vs. loss probability	1.84	1.63	+0.22
Calmar ratio: Return relative to maximum drawdown	7.49	7.09	+0.40
Martin ratio: Return relative to average drawdown	34.46	23.44	+11.02

TLV.TO vs. KNGC.TO - Sharpe Ratio Comparison

The current TLV.TO Sharpe Ratio is 4.03, which is comparable to the KNGC.TO Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of TLV.TO and KNGC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TLV.TO vs. KNGC.TO - Drawdown Comparison

The maximum TLV.TO drawdown since its inception was -37.68%, which is greater than KNGC.TO's maximum drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for TLV.TO and KNGC.TO.

Drawdown Indicators

	TLV.TO	KNGC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.68%	-25.52%	-12.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.07%	-5.67%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-9.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	—	—
Current Drawdown Current decline from peak	0.00%	-4.21%	+4.21%
Average Drawdown Average peak-to-trough decline	-4.03%	-4.63%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	1.71%	-0.83%

Volatility

TLV.TO vs. KNGC.TO - Volatility Comparison

The current volatility for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) is 2.21%, while Brompton Canadian Cash Flow Kings ETF (KNGC.TO) has a volatility of 3.23%. This indicates that TLV.TO experiences smaller price fluctuations and is considered to be less risky than KNGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLV.TO	KNGC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	3.23%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	6.16%	9.48%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	7.56%	12.66%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.98%	17.58%	-7.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	17.58%	-4.90%

TLV.TO vs. KNGC.TO - Expense Ratio Comparison

TLV.TO has a 0.33% expense ratio, which is higher than KNGC.TO's 0.17% expense ratio.

Dividends

TLV.TO vs. KNGC.TO - Dividend Comparison

TLV.TO's dividend yield for the trailing twelve months is around 2.85%, more than KNGC.TO's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KNGC.TO Brompton Canadian Cash Flow Kings ETF	1.62%	1.69%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLV.TO Invesco S&P/TSX Composite Low Volatility Index ETF	2.85%	3.25%	3.40%	4.12%	4.01%	2.49%	2.75%	3.74%	4.28%	3.58%	3.46%	4.08%

Frequently Asked Questions

Can I hold both TLV.TO and KNGC.TO in my portfolio?

TLV.TO and KNGC.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLV.TO or KNGC.TO?

On fees, KNGC.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLV.TO or KNGC.TO?

KNGC.TO is cheaper with a 0.17% expense ratio, compared with 0.33% for TLV.TO.

What is the main difference between TLV.TO and KNGC.TO?

TLV.TO tracks S&P/TSX Composite Low Volatility Index, while KNGC.TO tracks Brompton Index One Canadian Cash Flow Kings Index. They also come from different issuers: Invesco and Brompton. Their fees differ too: 0.33% for TLV.TO and 0.17% for KNGC.TO.