ICAE.TO
Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 10.4 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Inception date | Feb 23, 2023 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 8.1 % |
| ENBRIDGE INC | 7.7 % |
| BANK OF MONTREAL | 6.9 % |
| CAN IMPERIAL BK OF COMMERCE | 6.6 % |
| BANK OF NOVA SCOTIA | 6.1 % |
| TRANSCANADA CORP | 4.6 % |
| SILVER WHEATON CORP | 4.2 % |
| MANULIFE FINANCIAL CORP | 4.0 % |
| CANADIAN NATL RAILWAY CO | 3.9 % |
| NATIONAL BANK OF CANADA | 3.7 % |
Constituent Breakdown
| Number of holdings | 71 |
| Herfindahl-Hirschman Index | 402 |
| Wgt avg mkt cap (mns) | $67,276 |
| Large cap (>$10bn) | 90.1% |
| Mid cap ($2-10bn) | 7.1% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 98.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 98.8 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.4% | 14.7% | 16.7% | 13.4% | -- | -- | -- | 12.2% |
| Dividend Yield | 1.1% | 3.4% | 3.9% | 4.0% | -- | -- | -- | 4.1% |
| Total Returns | 10.5% | 18.1% | 20.5% | 17.4% | -- | -- | -- | 16.3% | Ann. Volatility | 12.0% | 11.2% | 11.5% | 11.1% | -- | -- | -- | 11.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.23 | 6% |
| MSCI EAFE | 0.20 | 7% |
| MSCI Emg Mkts | 0.11 | 4% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $29.30 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.33/0.29 |
| Bollinger Bands (Upper/Lower) | $30.24/$28.62 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ICAE.TO |
Expenses vs. ICAE.TO |
ALTAR Score™ vs. ICAE.TO |
|---|---|---|---|---|
| ESGC.TO | Invesco S&P/TSX Composite ESG Index ETF | 67.9% | -5 bp | -0.6% |
| VDY.TO | Vanguard FTSE Canadian High Dividend Yield Index ETF | 64.9% | 0 bp | +0.2% |
| XCV.TO | iShares Canadian Value Index ETF | 63.9% | +35 bp | +0.0% |
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 57.8% | +13 bp | +0.2% |
| XEN.TO | iShares Jantzi Social Index ETF | 56.3% | +35 bp | -1.2% |
| CMVP.TO | HAMILTON CHAMPIONS TM Canadian Dividend Index ETF | 54.9% | -1 bp | +0.0% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 54.0% | -5 bp | -0.4% |
| ZIU.TO | BMO S&P/TSX 60 Index ETF | 54.0% | -7 bp | -0.4% |
| CNDX.TO | Global X S&P/TSX 60 Index ETF | 53.9% | -11 bp | -0.4% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 53.2% | -15 bp | -0.3% |
Risk and Returns: ICAE.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
6.0%
ALTAR SCORE™
53rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ICAE.TO's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places ICAE.TO in the 53rd percentile
among funds in the category.
Sell-Side Consensus
$31.44
PRICE TARGET
+6.1%
UPSIDE