VS
Harvest Canadian Equity Income Leaders ETF (HLIF) and Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HLIF focuses its top 3 sector exposures on Financials, Energy, and Materials, while ICAE leans towards Financials, Energy, and Materials. When evaluating costs, HLIF features a management fee (MER) of 0.65%, compared to 0.2% for ICAE. Performance-wise, HLIF has returned 15.37% year-to-date with +$21 M in net flows, whereas ICAE is at 12.38% 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
HLIF
ICAE
| AuM | $171.79 M | $10.54 M |
| Management Fees | 0.65% | 0.20% |
| Exp. ratio | 0.79% | 0.23% |
| Tracking Difference | - | -0.41% |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HLIF | +2.02% | +7.77% | +15.37% | +36.15% | +73.52% |
ICAE | +3.04% | +7.29% | +12.38% | +28.63% | +76.52% | |
| Flows | HLIF | +$7 M | +$12 M | +$21 M | +$17 M | +$31 M |
ICAE | -$0 M | -$0 M | +$1 M | +$0 M | +$6 M |
HLIF vs ICAE exposure
Countries
HLIF
Canada
93.00%
ICAE
Canada
99.61%
Sectors
HLIF
Financials
33.20%
Energy
19.80%
Materials
10.50%
Other
10.30%
Utilities
9.80%
Other
16.40%
ICAE
Financials
44.07%
Energy
16.40%
Materials
10.07%
Industrials
9.36%
Other
20.10%
As of June 10, 2026
Top 10 Holdings
HLIF
BARRICK GOLD
3.60%
LUNDIN GOLD INC
3.60%
MAGNA INTERNATIONAL
3.50%
POWER CORPORATION OF CANADA
3.40%
SUNCOR ENERGY
3.40%
IGM FINANCIAL
3.40%
CENOVUS ENERGY
3.40%
TORONTO DOMINION
3.40%
ENBRIDGE
3.30%
GREAT WEST LIFECO
3.30%
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
HLIF
Total weight of top 10 holdings out of 28 total
34.30%
ICAE
Total weight of top 10 holdings out of 63 total
54.68%
Characteristics
Compare
HLIF
ICAE
| Provider | Harvest Portfolios Group | Invesco |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.09% | 2.78% |
| Meets ESG criteria | No | Yes |
| Inception Date | June 13, 2022 | February 10, 2023 |
Frequently asked questions about HLIF and ICAE
Which ETF has performed better year to date: HLIF or ICAE?
As of June 10, 2026, HLIF has returned 15.37% year to date, while ICAE has returned 12.38%. HLIF is ahead on YTD performance.
Which ETF is larger by assets under management: HLIF or ICAE?
As of June 10, 2026, HLIF manages $171.79 M in assets, while ICAE manages $10.54 M. HLIF is the larger fund by AUM.
How are HLIF and ICAE managed?
HLIF is actively managed by Harvest Portfolios Group. It does not track an index. ICAE is passively managed by Invesco. It tracks the S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD benchmark.
What sectors do HLIF and ICAE emphasize?
HLIF is most exposed to Financials, Energy, and Materials. ICAE is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: HLIF or ICAE?
Year to date, HLIF has seen +$21.14 M in net flows, compared with +$1.46 M for ICAE. HLIF has attracted more net investor money so far.
How do the fees of HLIF and ICAE compare?
HLIF has an expense ratio of 0.79%, while ICAE has an expense ratio of 0.23%.
What are the top holdings of HLIF and ICAE?
HLIF's largest holdings include BARRICK GOLD, LUNDIN GOLD INC, and MAGNA INTERNATIONAL. ICAE's top holdings include ROYAL BK CANADA, ENBRIDGE, and BANK OF MONTREAL.
Which ETF is more diversified: HLIF or ICAE?
HLIF holds 28 securities, while ICAE holds 60. On holdings count, ICAE is the more diversified portfolio.
Recent articles about HLIF and ICAE
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