VS
CIBC Qx U.S. Low Volatility Dividend ETF (CQLU) and Invesco S&P 500 Low Volatility Index ETF (ULV.F) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CQLU focuses its top 3 sector exposures on Finance, Utilities, and Consumer Non-Cyclicals, while ULV.F leans towards Finance, Utilities, and Consumer Non-Cyclicals. When evaluating costs, CQLU features a management fee (MER) of 0.3%, compared to 0.3% for ULV.F. Performance-wise, CQLU has returned 12.62% year-to-date with +$173 M in net flows, whereas ULV.F is at 8.65% with -$0 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CQLU
ULV.F
| AuM | $1,177.16 M | $85.49 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.34% | 0.31% |
| Tracking Difference | - | 1.96% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CQLU | +3.22% | +8.58% | +12.62% | +10.23% | +44.25% |
ULV.F | +2.58% | +5.08% | +8.65% | +5.95% | +23.03% | |
| Flows | CQLU | +$12 M | +$42 M | +$173 M | +$175 M | +$1,130 M |
ULV.F | +$0 M | -$1 M | -$0 M | -$6 M | -$42 M |
CQLU vs ULV.F exposure
Countries
CQLU
USA
94.83%
ULV.F
USA
94.95%
Sectors
CQLU
Finance
32.22%
Utilities
19.26%
Consumer Non-Cyclicals
15.44%
Industrials
8.34%
Other
24.74%
ULV.F
Finance
38.98%
Utilities
25.40%
Consumer Non-Cyclicals
10.36%
Industrials
7.13%
Other
18.13%
As of July 29, 2026
Top 10 Holdings
CQLU
Johnson & Johnson
2.45%
Altria Group, Inc.
2.45%
The Southern Co.
2.37%
American Electric Power Co., Inc.
2.29%
The Coca-Cola Co.
2.27%
Federal Realty Investment Trust
2.15%
Duke Energy Corp.
1.98%
Atmos Energy Corp.
1.95%
Consolidated Edison, Inc.
1.91%
Alliant Energy Corp.
1.88%
ULV.F
Loews Corp.
1.35%
FirstEnergy Corp.
1.33%
Ameren Corp.
1.30%
Berkshire Hathaway, Inc.
1.28%
Alliant Energy Corp.
1.27%
WEC Energy Group, Inc.
1.27%
DTE Energy Co.
1.26%
CenterPoint Energy, Inc.
1.25%
Duke Energy Corp.
1.25%
Johnson & Johnson
1.25%
Diversification
CQLU
Total weight of top 10 holdings out of 76 total
21.68%
ULV.F
Total weight of top 10 holdings out of 101 total
12.80%
Characteristics
Compare
CQLU
ULV.F
| Provider | CIBC | Invesco |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 Low Volatility (CAD Hedged) Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.70% | 1.74% |
| Meets ESG criteria | No | No |
| Inception Date | November 16, 2021 | January 24, 2012 |
Frequently asked questions about CQLU and ULV.F
Which ETF has performed better year to date: CQLU or ULV.F?
As of July 29, 2026, CQLU has returned 12.62% year to date, while ULV.F has returned 8.65%. CQLU is ahead on YTD performance.
Which ETF is larger by assets under management: CQLU or ULV.F?
As of July 29, 2026, CQLU manages $1.18 B in assets, while ULV.F manages $85.49 M. CQLU is the larger fund by AUM.
How are CQLU and ULV.F managed?
CQLU is actively managed by CIBC. It does not track an index. ULV.F is passively managed by Invesco. It tracks the S&P 500 Low Volatility (CAD Hedged) Index - CAD benchmark.
What sectors do CQLU and ULV.F emphasize?
CQLU is most exposed to Finance, Utilities, and Consumer Non-Cyclicals. ULV.F is most exposed to Finance, Utilities, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: CQLU or ULV.F?
Year to date, CQLU has seen +$173.49 M in net flows, compared with -$0.49 M for ULV.F. CQLU has attracted more net investor money so far.
How do the fees of CQLU and ULV.F compare?
CQLU has an expense ratio of 0.34%, while ULV.F has an expense ratio of 0.31%.
What are the top holdings of CQLU and ULV.F?
CQLU's largest holdings include Johnson & Johnson, Altria Group, Inc., and The Southern Co.. ULV.F's top holdings include Loews Corp., FirstEnergy Corp., and Ameren Corp..
Which ETF is more diversified: CQLU or ULV.F?
CQLU holds 75 securities, while ULV.F holds 100. On holdings count, ULV.F is the more diversified portfolio.
Recent articles about CQLU and ULV.F
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