MCLV.TO
Mackenzie GQE Canada Low Volatility ETF
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 150.9 M
ASSETS UNDER MGMT
51 bp
EXPENSES
Fund Basics
| Inception date | Jun 06, 2024 |
| 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
| TORONTO-DOMINION BANK | 3.8 % |
| CAN IMPERIAL BK OF COMMERCE | 3.1 % |
| BANK OF NOVA SCOTIA | 3.1 % |
| NATIONAL BANK OF CANADA | 2.9 % |
| ROYAL BANK OF CANADA | 2.9 % |
| GREAT-WEST LIFECO INC | 2.8 % |
| SUNCOR ENERGY INC | 2.8 % |
| POWER CORP OF CANADA | 2.8 % |
| BANK OF MONTREAL | 2.8 % |
| HYDRO ONE LTD. | 2.7 % |
Constituent Breakdown
| Number of holdings | 96 |
| Herfindahl-Hirschman Index | 188 |
| Wgt avg mkt cap (mns) | $47,493 |
| Large cap (>$10bn) | 76.4% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 7.9% |
| Developed mkts. | 95.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 95.4 % |
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 | 11.4% | 24.1% | -- | -- | -- | -- | -- | 23.4% |
| Dividend Yield | 0.5% | 2.7% | -- | -- | -- | -- | -- | 2.2% |
| Total Returns | 11.8% | 26.8% | -- | -- | -- | -- | -- | 25.7% | Ann. Volatility | 10.5% | 8.9% | -- | -- | -- | -- | -- | 10.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.31 | 17% |
| MSCI EAFE | 0.30 | 26% |
| MSCI Emg Mkts | 0.18 | 16% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $29.83 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.29/0.31 |
| Bollinger Bands (Upper/Lower) | $30.60/$29.50 |
| 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. MCLV.TO |
Expenses vs. MCLV.TO |
ALTAR Score™ vs. MCLV.TO |
|---|---|---|---|---|
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 75.3% | -18 bp | +0.2% |
| CDEF.TO | Manulife Smart Defensive Equity ETF | 63.6% | -26 bp | -0.2% |
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 57.2% | -26 bp | +0.3% |
| TCLV.TO | TD Q Canadian Low Volatility ETF | 56.7% | -21 bp | +0.2% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 56.4% | -46 bp | -0.3% |
| MCLC.TO | Manulife Multifactor Canadian Large Cap Index ETF | 55.9% | -16 bp | -0.2% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 55.5% | -36 bp | -0.3% |
| ZIU.TO | BMO S&P/TSX 60 Index ETF | 55.2% | -38 bp | -0.4% |
| CNDX.TO | Global X S&P/TSX 60 Index ETF | 55.2% | -42 bp | -0.4% |
| TTP.TO | TD Canadian Equity Index ETF | 55.2% | -47 bp | -0.3% |
Risk and Returns: MCLV.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%. MCLV.TO's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places MCLV.TO in the 53rd percentile
among funds in the category.
Sell-Side Consensus
$32.14
PRICE TARGET
+5.4%
UPSIDE