TCLV.TO
TD Q Canadian Low Volatility ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 116.2 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | May 26, 2020 |
| 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 | 5.8 % |
| FORTIS INC | 5.0 % |
| LOBLAW COMPANIES LTD | 4.7 % |
| EMERA INC | 4.6 % |
| INTACT FINANCIAL CORP | 4.5 % |
| DOLLARAMA INC | 4.2 % |
| ALIMENTATION COUCHE-TARD INC. CLASS A | 3.6 % |
| METRO INC -A | 3.3 % |
| GREAT-WEST LIFECO INC | 3.1 % |
| ROYAL BANK OF CANADA | 3.1 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 298 |
| Wgt avg mkt cap (mns) | $46,039 |
| Large cap (>$10bn) | 88.5% |
| Mid cap ($2-10bn) | 11.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 99.8 % |
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 | 3.6% | 11.3% | 17.4% | 12.6% | 8.4% | -- | -- | 10.0% |
| Dividend Yield | 0.6% | 2.2% | 2.8% | 3.0% | 2.9% | -- | -- | 2.9% |
| Total Returns | 4.2% | 13.6% | 20.1% | 15.6% | 11.4% | -- | -- | 12.9% | Ann. Volatility | 9.6% | 8.1% | 8.9% | 9.3% | 9.6% | -- | -- | 9.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.20 | 8% |
| MSCI EAFE | 0.22 | 17% |
| MSCI Emg Mkts | 0.09 | 5% |
Liquidity Measures
| Avg. volume (000) | 9 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $27.11 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.15/0.11 |
| Bollinger Bands (Upper/Lower) | $27.63/$26.65 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TCLV.TO |
Expenses vs. TCLV.TO |
ALTAR Score™ vs. TCLV.TO |
|---|---|---|---|---|
| ZLB.TO | BMO Low Volatility Canadian Equity ETF | 64.1% | +5 bp | +0.4% |
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 63.2% | +3 bp | +0.0% |
| CDEF.TO | Manulife Smart Defensive Equity ETF | 59.8% | -5 bp | -0.3% |
| MCLV.TO | Mackenzie GQE Canada Low Volatility ETF | 56.7% | +21 bp | -0.2% |
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 48.6% | -5 bp | +0.1% |
| NSCE.TO | NBI Sustainable Canadian Equity ETF | 46.8% | +30 bp | +0.2% |
| CMVP.TO | HAMILTON CHAMPIONS TM Canadian Dividend Index ETF | 45.9% | -11 bp | -0.1% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 45.7% | 0 bp | +2.6% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 42.8% | -25 bp | -0.4% |
| MCLC.TO | Manulife Multifactor Canadian Large Cap Index ETF | 42.6% | +5 bp | -0.3% |
Risk and Returns: TCLV.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
6.2%
ALTAR SCORE™
57th
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%. TCLV.TO's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places TCLV.TO in the 57th percentile
among funds in the category.
Sell-Side Consensus
$30.32
PRICE TARGET
+10.9%
UPSIDE