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Compare Franklin Canadian Low Volatility High Dividend Index ETF (FLVC) vs iShares Core S&P/TSX Composite High Dividend Index ETF (XEI) to find the best fit for your portfolio. FLVC provides Finance, Utilities, and Energy exposures, while XEI is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, FLVC features a management fee (MER) of 0.15%, compared to 0.2% for XEI. Performance-wise, FLVC has returned 18.41% year-to-date with +$2 M in net flows, whereas XEI is at 26.21% with +$775 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
FLVC
XEI
| AuM | $30.35 M | $4,356.49 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.16% | 0.22% |
| Tracking Difference | 3.25% | -0.50% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLVC | -1.64% | +6.21% | +18.41% | +29.77% | - |
XEI | -0.91% | +2.97% | +26.21% | +39.64% | +94.09% | |
| Flows | FLVC | -$26 M | -$15 M | +$2 M | -$44 M | - |
XEI | +$68 M | +$218 M | +$775 M | +$1,182 M | +$1,632 M |
FLVC vs XEI exposure
Countries
FLVC
Canada
100.00%
XEI
Canada
92.60%
Other
7.40%
Sectors
FLVC
Finance
42.31%
Utilities
10.90%
Energy
8.90%
Consumer Non-Cyclicals
8.81%
Industrials
8.21%
Telecommunications
7.73%
Other
13.14%
XEI
Finance
37.99%
Energy
28.67%
Utilities
9.96%
Telecommunications
7.34%
Other
16.05%
As of August 21, 2026
Top 10 Holdings
FLVC
Bank of Montreal
5.50%
Royal Bank of Canada
5.44%
The Bank of Nova Scotia
5.43%
Power Corp of Canada
5.43%
Sun Life Financial, Inc.
5.23%
Canadian National Railway Co.
5.21%
Manulife Financial Corp.
4.98%
National Bank of Canada
4.97%
BCE, Inc.
4.57%
Fortis, Inc.
4.29%
XEI
The Toronto-Dominion Bank
5.41%
Royal Bank of Canada
5.33%
Enbridge, Inc.
4.88%
TC Energy Corp.
4.67%
Bank of Montreal
4.58%
Canadian Natural Resources Ltd.
4.42%
Suncor Energy, Inc.
4.30%
The Bank of Nova Scotia
3.95%
Canadian Imperial Bank of Commerce
3.92%
Nutrien Ltd.
3.85%
Diversification
FLVC
Total weight of top 10 holdings out of 45 total
51.04%
XEI
Total weight of top 10 holdings out of 75 total
45.31%
Characteristics
Compare
FLVC
XEI
| Provider | Franklin Templeton | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Franklin Canadian Low Volatility High Dividend Index NTR - CAD | S&P/TSX Composite High Dividend Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.66% | 3.42% |
| Meets ESG criteria | No | No |
| Inception Date | March 28, 2024 | April 12, 2011 |
Frequently asked questions about FLVC and XEI
Which ETF has performed better year to date: FLVC or XEI?
As of August 21, 2026, FLVC has returned 18.41% year to date, while XEI has returned 26.21%. XEI is ahead on YTD performance.
Which ETF is larger by assets under management: FLVC or XEI?
As of August 21, 2026, FLVC manages $30.35 M in assets, while XEI manages $4.36 B. XEI is the larger fund by AUM.
How are FLVC and XEI managed?
FLVC is passively managed by Franklin Templeton. It tracks the Franklin Canadian Low Volatility High Dividend Index NTR - CAD benchmark. XEI is passively managed by iShares. It tracks the S&P/TSX Composite High Dividend Total Return Index - CAD benchmark.
What sectors do FLVC and XEI emphasize?
FLVC is most exposed to Finance, Utilities, and Energy. XEI is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: FLVC or XEI?
Year to date, FLVC has seen +$1.53 M in net flows, compared with +$774.81 M for XEI. XEI has attracted more net investor money so far.
How do the fees of FLVC and XEI compare?
FLVC has an expense ratio of 0.16%, while XEI has an expense ratio of 0.22%.
What are the top holdings of FLVC and XEI?
FLVC's largest holdings include Bank of Montreal, Royal Bank of Canada, and The Bank of Nova Scotia. XEI's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Enbridge, Inc..
Which ETF is more diversified: FLVC or XEI?
FLVC holds 45 securities, while XEI holds 75. On holdings count, XEI is the more diversified portfolio.
Recent articles about FLVC and XEI
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