TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 98.9 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | Oct 06, 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
| SMARTCENTRES REAL ESTATE INVESTMENT TRUS | 2.9 % |
| CT REAL ESTATE INVESTMENT TRUST | 2.6 % |
| TORONTO-DOMINION BANK | 2.6 % |
| RIOCAN REAL ESTATE INVESTMENT TRUST | 2.5 % |
| BANK OF NOVA SCOTIA | 2.5 % |
| FORTIS INC | 2.5 % |
| CANADIAN UTILITIES LTD A | 2.5 % |
| EMERA INC | 2.5 % |
| HYDRO ONE LTD. | 2.5 % |
| GREAT-WEST LIFECO INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 206 |
| Wgt avg mkt cap (mns) | $32,215 |
| Large cap (>$10bn) | 51.9% |
| Mid cap ($2-10bn) | 32.3% |
| Small cap (<$2bn) | 12.4% |
| Developed mkts. | 96.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 96.5 % |
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 | 9.1% | 19.5% | 20.1% | 14.7% | 7.0% | -- | -- | 8.3% |
| Dividend Yield | 1.2% | 3.7% | 4.2% | 4.2% | 3.9% | -- | -- | 3.8% |
| Total Returns | 10.3% | 23.3% | 24.2% | 18.9% | 10.9% | -- | -- | 12.1% | Ann. Volatility | 8.9% | 7.4% | 8.4% | 9.2% | 10.0% | -- | -- | 9.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.17 | 7% |
| MSCI EAFE | 0.18 | 14% |
| MSCI Emg Mkts | 0.07 | 3% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $42.06 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.41/0.37 |
| Bollinger Bands (Upper/Lower) | $43.26/$41.27 |
| 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. TLV.TO |
Expenses vs. TLV.TO |
ALTAR Score™ vs. TLV.TO |
|---|---|---|---|---|
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 50.3% | +3 bp | -2.6% |
| MCLV.TO | Mackenzie GQE Canada Low Volatility ETF | 50.1% | +21 bp | -2.8% |
| CDEF.TO | Manulife Smart Defensive Equity ETF | 48.0% | -5 bp | -2.9% |
| ZLB.TO | BMO Low Volatility Canadian Equity ETF | 48.0% | +5 bp | -2.2% |
| TCLV.TO | TD Q Canadian Low Volatility ETF | 45.7% | 0 bp | -2.6% |
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 45.2% | -5 bp | -2.5% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 41.7% | +5 bp | -2.3% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 40.9% | -8 bp | -2.6% |
| CDZ.TO | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 40.5% | +30 bp | -1.7% |
| ZDV.TO | BMO Canadian Dividend ETF | 40.1% | +5 bp | -3.3% |
Risk and Returns: TLV.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
8.8%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
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%. TLV.TO's ALTAR Score™ is approximately 2.0 standard
deviations above the category average. This places TLV.TO in the 98th percentile
among funds in the category.
Sell-Side Consensus
$44.01
PRICE TARGET
+3.8%
UPSIDE