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TLV.TO vs. QQCE.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TLV.TO vs. QQCE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) and Invesco ESG NASDAQ 100 Index ETF (QQCE.TO).

TLV.TO and QQCE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLV.TO is a passively managed fund by Invesco that tracks the performance of the S&P/TSX Composite Low Volatility Index. It was launched on Apr 24, 2012. QQCE.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 ESG Index. It was launched on Nov 15, 2021. Both TLV.TO and QQCE.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TLV.TO vs. QQCE.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 Invesco ESG NASDAQ 100 Index ETF (QQCE.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)20252024202320222021
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF		3.87%22.51%20.36%4.75%-10.22%2.24%
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF		-5.29%16.43%36.67%44.13%-25.37%5.14%

Returns By Period

In the year-to-date period, TLV.TO achieves a 3.87% return, which is significantly higher than QQCE.TO's -5.29% return.

TLV.TO

1D
-0.25%
1M
-2.73%
YTD
3.87%
6M
9.54%
1Y
23.51%
3Y*
16.04%
5Y*
9.94%
10Y*
8.39%

QQCE.TO

1D
3.45%
1M
-2.64%
YTD
-5.29%
6M
-4.07%
1Y
20.65%
3Y*
23.60%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P/TSX Composite Low Volatility Index ETF

Invesco ESG NASDAQ 100 Index ETF

Often compared with TLV.TO:
TLV.TO vs. ESG.TOTLV.TO vs. XIC.TOTLV.TO vs. CLSA.TOTLV.TO vs. VCE.TOTLV.TO vs. XCS.TOTLV.TO vs. XDV.TOTLV.TO vs. CANY.TO
Often compared with QQCE.TO:
QQCE.TO vs. XIU.TOQQCE.TO vs. QQC-F.TOQQCE.TO vs. ESG.TOQQCE.TO vs. QQCI.TOQQCE.TO vs. ZGRO.TOQQCE.TO vs. EQLI.TOQQCE.TO vs. VUN.TO

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

TLV.TO has a 0.33% expense ratio, which is higher than QQCE.TO's 0.21% expense ratio.

TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF

Return for Risk

TLV.TO vs. QQCE.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: 9696
Overall Rank
TLV.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
TLV.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
TLV.TO Omega Ratio Rank: 9797
Omega Ratio Rank
TLV.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
TLV.TO Martin Ratio Rank: 9797
Martin Ratio Rank
QQCE.TO
QQCE.TO Risk / Return Rank: 5050
Overall Rank
QQCE.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
QQCE.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
QQCE.TO Omega Ratio Rank: 5252
Omega Ratio Rank
QQCE.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
QQCE.TO Martin Ratio Rank: 4646
Martin Ratio Rank
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. QQCE.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 Invesco ESG NASDAQ 100 Index ETF (QQCE.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.

TLV.TOQQCE.TODifference

Sharpe ratio

Return per unit of total volatility

2.61

0.88

+1.73

Sortino ratio

Return per unit of downside risk

3.46

1.37

+2.09

Omega ratio

Gain probability vs. loss probability

1.56

1.20

+0.36

Calmar ratio

Return relative to maximum drawdown

3.62

1.55

+2.07

Martin ratio

Return relative to average drawdown

19.44

4.48

+14.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TLV.TO Sharpe Ratio is 2.61, which is higher than the QQCE.TO Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of TLV.TO and QQCE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TLV.TOQQCE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

0.88

+1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.13

0.62

-0.75

Correlation

The correlation between TLV.TO and QQCE.TO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TLV.TO vs. QQCE.TO - Dividend Comparison

TLV.TO's dividend yield for the trailing twelve months is around 3.16%, more than QQCE.TO's 0.34% yield.

TTM20252024202320222021202020192018201720162015
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF		3.16%3.25%3.40%4.12%4.01%2.49%2.75%3.74%4.28%3.58%3.46%4.08%
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF		0.34%0.32%0.38%0.44%0.79%0.14%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TLV.TO vs. QQCE.TO - Drawdown Comparison

The maximum TLV.TO drawdown since its inception was -81.40%, which is greater than QQCE.TO's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for TLV.TO and QQCE.TO.

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Drawdown Indicators

TLV.TOQQCE.TODifference

Max Drawdown

Largest peak-to-trough decline

-81.40%

-30.86%

-50.54%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-13.53%

+6.96%

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

-36.54%

-10.17%

-26.37%

Average Drawdown

Average peak-to-trough decline

-64.71%

-8.98%

-55.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.22%

4.68%

-3.46%

Volatility

TLV.TO vs. QQCE.TO - Volatility Comparison

The current volatility for Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) is 3.26%, while Invesco ESG NASDAQ 100 Index ETF (QQCE.TO) has a volatility of 6.66%. This indicates that TLV.TO experiences smaller price fluctuations and is considered to be less risky than QQCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TLV.TOQQCE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.26%

6.66%

-3.40%

Volatility (6M)

Calculated over the trailing 6-month period

5.72%

13.27%

-7.55%

Volatility (1Y)

Calculated over the trailing 1-year period

9.05%

23.51%

-14.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.89%

20.82%

-10.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.67%

20.82%

-8.15%