VS
Compare Fidelity Canadian Low Volatility Index ETF (FCCL) vs Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) to find the best fit for your portfolio. FCCL provides Financials, Materials, and Energy exposures, while ICAE is primarily weighted in Financials, Energy, and Materials. When evaluating costs, FCCL features a management fee (MER) of 0.35%, compared to 0.2% for ICAE. Performance-wise, FCCL has returned 11.08% year-to-date with +$254 M in net flows, whereas ICAE is at 13.52% with +$1 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
FCCL
ICAE
| AuM | $1,017.58 M | $10.65 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.39% | 0.23% |
| Tracking Difference | -0.40% | -0.41% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCCL | +3.52% | +7.02% | +11.08% | +26.05% | +65.74% |
ICAE | +4.08% | +8.62% | +13.52% | +30.19% | +78.32% | |
| Flows | FCCL | +$34 M | +$125 M | +$254 M | +$526 M | +$800 M |
ICAE | -$0 M | -$0 M | +$1 M | +$0 M | +$6 M |
FCCL vs ICAE exposure
Countries
FCCL
Canada
93.22%
ICAE
Canada
99.61%
Sectors
FCCL
Financials
39.14%
Materials
13.18%
Energy
10.48%
Other
10.13%
Utilities
9.34%
Other
17.73%
ICAE
Financials
44.07%
Energy
16.40%
Materials
10.07%
Industrials
9.36%
Other
20.10%
As of June 11, 2026
Top 10 Holdings
FCCL
ROYAL BK CANADA
7.67%
TORONTO DOMINION
5.65%
BANK OF MONTREAL
3.59%
CDN IMPERIAL BK
3.45%
CA01626P1484
3.35%
FORTIS
3.35%
BNS
3.20%
EMERA
3.01%
HYDRO ONE
2.98%
LOBLAW COMPANIES
2.81%
ICAE
ROYAL BK CANADA
7.91%
ENBRIDGE
7.57%
BANK OF MONTREAL
6.82%
CDN IMPERIAL BK
6.46%
BNS
6.07%
TC ENERGY CORP
4.37%
MANULIFE-S
4.15%
WHEATON PRECIOUS METALS CORP
3.81%
CDN NATL RAILWAY
3.78%
NATIONAL BANK OF CANADA
3.76%
Diversification
FCCL
Total weight of top 10 holdings out of 60 total
39.07%
ICAE
Total weight of top 10 holdings out of 63 total
54.68%
Characteristics
Compare
FCCL
ICAE
| Provider | Fidelity | Invesco |
| Management | Passively managed | Passively managed |
| Benchmark | Fidelity Canada Canadian Low Volatility GTR Index - CAD | S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.77% | 2.75% |
| Meets ESG criteria | No | Yes |
| Inception Date | January 24, 2019 | February 10, 2023 |
Frequently asked questions about FCCL and ICAE
Which ETF has performed better year to date: FCCL or ICAE?
As of June 11, 2026, FCCL has returned 11.08% year to date, while ICAE has returned 13.52%. ICAE is ahead on YTD performance.
Which ETF is larger by assets under management: FCCL or ICAE?
As of June 11, 2026, FCCL manages $1.02 B in assets, while ICAE manages $10.65 M. FCCL is the larger fund by AUM.
How are FCCL and ICAE managed?
FCCL is passively managed by Fidelity. It tracks the Fidelity Canada Canadian Low Volatility GTR Index - CAD benchmark. ICAE is passively managed by Invesco. It tracks the S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD benchmark.
What sectors do FCCL and ICAE emphasize?
FCCL is most exposed to Financials, Materials, and Energy. ICAE is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: FCCL or ICAE?
Year to date, FCCL has seen +$254.43 M in net flows, compared with +$1.46 M for ICAE. FCCL has attracted more net investor money so far.
How do the fees of FCCL and ICAE compare?
FCCL has an expense ratio of 0.39%, while ICAE has an expense ratio of 0.23%.
What are the top holdings of FCCL and ICAE?
FCCL's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and BANK OF MONTREAL. ICAE's top holdings include ROYAL BK CANADA, ENBRIDGE, and BANK OF MONTREAL.
Which ETF is more diversified: FCCL or ICAE?
FCCL holds 60 securities, while ICAE holds 60. On holdings count, FCCL is the more diversified portfolio.
Recent articles about FCCL and ICAE
Fidelity Investments Canada welcomes 12 ETFs to Cboe Canada
Fidelity Investments Canada increases their ETF offerings on Cboe Canada.
Posted on 4/12/2024 by Kyle Anthony inETF Ecosystem
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.