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Compare Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) vs Franklin Canadian Low Volatility High Dividend Index ETF (FLVC) to find the best fit for your portfolio. ICAE provides Financials, Energy, and Materials exposures, while FLVC is primarily weighted in Financials, Utilities, and Energy. When evaluating costs, ICAE features a management fee (MER) of 0.2%, compared to 0.15% for FLVC. Performance-wise, ICAE has returned 14.38% year-to-date with +$1 M in net flows, whereas FLVC is at 15.06% with +$28 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
FLVC
| AuM | $10.73 M | $54.76 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.23% | 0.16% |
| Tracking Difference | -0.41% | 3.30% |
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% |
FLVC | +5.70% | +12.21% | +15.06% | +30.38% | - | |
| Flows | ICAE | -$0 M | -$0 M | +$1 M | +$0 M | +$6 M |
FLVC | +$2 M | +$15 M | +$28 M | -$59 M | - |
ICAE vs FLVC exposure
Countries
ICAE
Canada
99.61%
FLVC
Canada
100.00%
Sectors
ICAE
Financials
44.07%
Energy
16.40%
Materials
10.07%
Industrials
9.36%
Other
20.10%
FLVC
Financials
41.45%
Utilities
13.39%
Energy
12.61%
Industrials
11.04%
Consumer Staples
8.57%
Other
12.94%
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%
FLVC
NATIONAL BANK OF CANADA
6.08%
CDN NATL RAILWAY
5.39%
BANK OF MONTREAL
5.33%
ROYAL BK CANADA
5.28%
BNS
5.23%
SUN LIFE FINL
5.08%
FORTIS
4.89%
POWER CORPORATION OF CANADA
4.88%
TOURMALINE OIL
4.78%
SUNCOR ENERGY
4.58%
Diversification
ICAE
Total weight of top 10 holdings out of 63 total
54.68%
FLVC
Total weight of top 10 holdings out of 43 total
51.53%
Characteristics
Compare
ICAE
FLVC
| Provider | Invesco | Franklin Templeton |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD | Franklin Canadian Low Volatility High Dividend Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.73% | 4.78% |
| Meets ESG criteria | Yes | No |
| Inception Date | February 10, 2023 | March 28, 2024 |
Frequently asked questions about ICAE and FLVC
Which ETF has performed better year to date: ICAE or FLVC?
As of June 12, 2026, ICAE has returned 14.38% year to date, while FLVC has returned 15.06%. FLVC is ahead on YTD performance.
Which ETF is larger by assets under management: ICAE or FLVC?
As of June 12, 2026, ICAE manages $10.73 M in assets, while FLVC manages $54.76 M. FLVC is the larger fund by AUM.
How are ICAE and FLVC managed?
ICAE is passively managed by Invesco. It tracks the S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD benchmark. FLVC is passively managed by Franklin Templeton. It tracks the Franklin Canadian Low Volatility High Dividend Index NTR - CAD benchmark.
What sectors do ICAE and FLVC emphasize?
ICAE is most exposed to Financials, Energy, and Materials. FLVC is most exposed to Financials, Utilities, and Energy.
Which ETF is attracting more investor flows: ICAE or FLVC?
Year to date, ICAE has seen +$1.46 M in net flows, compared with +$27.73 M for FLVC. FLVC has attracted more net investor money so far.
How do the fees of ICAE and FLVC compare?
ICAE has an expense ratio of 0.23%, while FLVC has an expense ratio of 0.16%.
What are the top holdings of ICAE and FLVC?
ICAE's largest holdings include ROYAL BK CANADA, ENBRIDGE, and BANK OF MONTREAL. FLVC's top holdings include NATIONAL BANK OF CANADA, CDN NATL RAILWAY, and BANK OF MONTREAL.
Which ETF is more diversified: ICAE or FLVC?
ICAE holds 60 securities, while FLVC holds 42. On holdings count, ICAE is the more diversified portfolio.
Recent articles about ICAE and FLVC
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