VS
iShares Canadian Financial Monthly Income ETF (FIE) and CIBC Qx Canadian Low Volatility Dividend ETF (CQLC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FIE focuses its top 3 sector exposures on Finance, Energy, and Utilities, while CQLC leans towards Finance, Energy, and Utilities. When evaluating costs, FIE features a management fee (MER) of 0.65%, compared to 0.3% for CQLC. Performance-wise, FIE has returned 14.34% year-to-date with -$35 M in net flows, whereas CQLC is at 16.68% with +$11 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
FIE
CQLC
| AuM | $1,386.23 M | $733.99 M |
| Management Fees | 0.65% | 0.30% |
| Exp. ratio | 0.74% | 0.34% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FIE | -3.40% | +6.08% | +14.34% | +28.84% | +101.60% |
CQLC | -3.83% | +3.30% | +16.68% | +26.39% | +77.01% | |
| Flows | FIE | +$0 M | -$11 M | -$35 M | -$49 M | -$133 M |
CQLC | +$13 M | +$13 M | +$11 M | +$2 M | +$549 M |
FIE vs CQLC exposure
Countries
FIE
Canada
98.16%
CQLC
Canada
99.67%
Sectors
FIE
Finance
85.05%
Other
14.95%
CQLC
Finance
49.86%
Energy
16.40%
Utilities
14.09%
Consumer Non-Cyclicals
10.12%
Other
9.54%
As of September 1, 2026
Top 10 Holdings
FIE
Canadian Imperial Bank of Commerce
8.34%
Royal Bank of Canada
8.26%
The Toronto-Dominion Bank
7.08%
Manulife Financial Corp.
7.06%
Bank of Montreal
6.59%
National Bank of Canada
6.40%
Power Corp of Canada
3.97%
Great-West Lifeco, Inc.
3.62%
iA Financial Corp., Inc.
3.58%
Fairfax Financial Holdings Ltd.
2.69%
CQLC
Power Corp of Canada
5.44%
Great-West Lifeco, Inc.
4.78%
Royal Bank of Canada
4.58%
Quebecor, Inc.
4.22%
Canadian Imperial Bank of Commerce
3.48%
The Toronto-Dominion Bank
3.46%
Keyera Corp.
3.34%
Emera, Inc.
3.31%
Fortis, Inc.
3.30%
National Bank of Canada
3.28%
Diversification
FIE
Total weight of top 10 holdings out of 1,498 total
57.59%
CQLC
Total weight of top 10 holdings out of 40 total
39.18%
Characteristics
Frequently asked questions about FIE and CQLC
Which ETF has performed better year to date: FIE or CQLC?
As of September 1, 2026, FIE has returned 14.34% year to date, while CQLC has returned 16.68%. CQLC is ahead on YTD performance.
Which ETF is larger by assets under management: FIE or CQLC?
As of September 1, 2026, FIE manages $1.39 B in assets, while CQLC manages $733.99 M. FIE is the larger fund by AUM.
How are FIE and CQLC managed?
FIE is actively managed by iShares. It does not track an index. CQLC is actively managed by CIBC. It does not track an index.
What sectors do FIE and CQLC emphasize?
FIE is most exposed to Finance, Energy, and Utilities. CQLC is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: FIE or CQLC?
Year to date, FIE has seen -$35.29 M in net flows, compared with +$10.58 M for CQLC. CQLC has attracted more net investor money so far.
How do the fees of FIE and CQLC compare?
FIE has an expense ratio of 0.74%, while CQLC has an expense ratio of 0.34%.
What are the top holdings of FIE and CQLC?
FIE's largest holdings include Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Manulife Financial Corp.. CQLC's top holdings include Power Corp of Canada, Great-West Lifeco, Inc., and Royal Bank of Canada.
Which ETF is more diversified: FIE or CQLC?
FIE holds 1367 securities, while CQLC holds 40. On holdings count, FIE is the more diversified portfolio.
Recent articles about FIE and CQLC
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.