VS
Compare Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) vs Fidelity Canadian Low Volatility Index ETF (FCCL) to find the best fit for your portfolio. ICAE provides Financials, Energy, and Materials exposures, while FCCL is primarily weighted in Financials, Materials, and Energy. When evaluating costs, ICAE features a management fee (MER) of 0.2%, compared to 0.35% for FCCL. Performance-wise, ICAE has returned 14.38% year-to-date with +$1 M in net flows, whereas FCCL is at 11.83% with +$254 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
ICAE
FCCL
| AuM | $10.73 M | $1,024.46 M |
| Management Fees | 0.20% | 0.35% |
| Exp. ratio | 0.23% | 0.39% |
| Tracking Difference | -0.41% | -0.40% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ICAE | +4.37% | +9.98% | +14.38% | +30.33% | +79.67% |
FCCL | +3.71% | +8.14% | +11.83% | +26.14% | +66.86% | |
| Flows | ICAE | -$0 M | -$0 M | +$1 M | +$0 M | +$6 M |
FCCL | +$33 M | +$124 M | +$254 M | +$522 M | +$800 M |
ICAE vs FCCL exposure
Countries
ICAE
Canada
99.61%
FCCL
Canada
93.22%
Sectors
ICAE
Financials
44.07%
Energy
16.40%
Materials
10.07%
Industrials
9.36%
Other
20.10%
FCCL
Financials
39.14%
Materials
13.18%
Energy
10.48%
Other
10.13%
Utilities
9.34%
Other
17.73%
As of June 12, 2026
Top 10 Holdings
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%
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%
Diversification
ICAE
Total weight of top 10 holdings out of 63 total
54.68%
FCCL
Total weight of top 10 holdings out of 60 total
39.07%
Characteristics
Compare
ICAE
FCCL
| Provider | Invesco | Fidelity |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD | Fidelity Canada Canadian Low Volatility GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.73% | 1.76% |
| Meets ESG criteria | Yes | No |
| Inception Date | February 10, 2023 | January 24, 2019 |
Frequently asked questions about ICAE and FCCL
Which ETF has performed better year to date: ICAE or FCCL?
As of June 12, 2026, ICAE has returned 14.38% year to date, while FCCL has returned 11.83%. ICAE is ahead on YTD performance.
Which ETF is larger by assets under management: ICAE or FCCL?
As of June 12, 2026, ICAE manages $10.73 M in assets, while FCCL manages $1.02 B. FCCL is the larger fund by AUM.
How are ICAE and FCCL managed?
ICAE is passively managed by Invesco. It tracks the S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD benchmark. FCCL is passively managed by Fidelity. It tracks the Fidelity Canada Canadian Low Volatility GTR Index - CAD benchmark.
What sectors do ICAE and FCCL emphasize?
ICAE is most exposed to Financials, Energy, and Materials. FCCL is most exposed to Financials, Materials, and Energy.
Which ETF is attracting more investor flows: ICAE or FCCL?
Year to date, ICAE has seen +$1.46 M in net flows, compared with +$254.43 M for FCCL. FCCL has attracted more net investor money so far.
How do the fees of ICAE and FCCL compare?
ICAE has an expense ratio of 0.23%, while FCCL has an expense ratio of 0.39%.
What are the top holdings of ICAE and FCCL?
ICAE's largest holdings include ROYAL BK CANADA, ENBRIDGE, and BANK OF MONTREAL. FCCL's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BANK OF MONTREAL.
Which ETF is more diversified: ICAE or FCCL?
ICAE holds 60 securities, while FCCL holds 60. On holdings count, ICAE is the more diversified portfolio.
Recent articles about ICAE and FCCL
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