VS
Compare Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) vs Harvest Low Volatility Canadian Equity ETF (HVOL) to find the best fit for your portfolio. ICAE provides Financials, Energy, and Materials exposures, while HVOL is primarily weighted in Financials, Energy, and Utilities. When evaluating costs, ICAE features a management fee (MER) of 0.2%, compared to 0.35% for HVOL. Performance-wise, ICAE has returned 14.38% year-to-date with +$1 M in net flows, whereas HVOL is at 10.6% with -$0 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
HVOL
| AuM | $10.73 M | $5.04 M |
| Management Fees | 0.20% | 0.35% |
| Exp. ratio | 0.23% | 0.35% |
| Tracking Difference | -0.41% | - |
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% |
HVOL | +4.15% | +7.23% | +10.60% | +20.53% | - | |
| Flows | ICAE | -$0 M | -$0 M | +$1 M | +$0 M | +$6 M |
HVOL | +$0 M | -$0 M | -$0 M | +$2 M | - |
ICAE vs HVOL exposure
Countries
ICAE
Canada
99.61%
HVOL
Canada
93.10%
Sectors
ICAE
Financials
44.07%
Energy
16.40%
Materials
10.07%
Industrials
9.36%
Other
20.10%
HVOL
Financials
36.90%
Energy
13.00%
Other
10.00%
Industrials
8.00%
Utilities
8.00%
Materials
7.80%
Other
16.30%
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%
HVOL
TORONTO DOMINION
4.10%
CANADIAN PACIFIC RAILWAY
4.00%
BNS
4.00%
NATIONAL BANK OF CANADA
4.00%
CDN IMPERIAL BK
3.90%
ROYAL BK CANADA
3.90%
BANK OF MONTREAL
3.90%
FORTIS
3.50%
TC ENERGY CORP
3.30%
ENBRIDGE
3.30%
Diversification
ICAE
Total weight of top 10 holdings out of 63 total
54.68%
HVOL
Total weight of top 10 holdings out of 37 total
37.90%
Characteristics
Compare
ICAE
HVOL
| Provider | Invesco | Harvest Portfolios Group |
| Management | Passively managed | Actively 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 | 2.73% | 1.74% |
| Meets ESG criteria | Yes | No |
| Inception Date | February 10, 2023 | April 15, 2025 |
Frequently asked questions about ICAE and HVOL
Which ETF has performed better year to date: ICAE or HVOL?
As of June 12, 2026, ICAE has returned 14.38% year to date, while HVOL has returned 10.60%. ICAE is ahead on YTD performance.
Which ETF is larger by assets under management: ICAE or HVOL?
As of June 12, 2026, ICAE manages $10.73 M in assets, while HVOL manages $5.04 M. ICAE is the larger fund by AUM.
How are ICAE and HVOL managed?
ICAE is passively managed by Invesco. It tracks the S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD benchmark. HVOL is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do ICAE and HVOL emphasize?
ICAE is most exposed to Financials, Energy, and Materials. HVOL is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: ICAE or HVOL?
Year to date, ICAE has seen +$1.46 M in net flows, compared with -$0.40 M for HVOL. ICAE has attracted more net investor money so far.
How do the fees of ICAE and HVOL compare?
ICAE has an expense ratio of 0.23%, while HVOL has an expense ratio of 0.35%.
What are the top holdings of ICAE and HVOL?
ICAE's largest holdings include ROYAL BK CANADA, ENBRIDGE, and BANK OF MONTREAL. HVOL's top holdings include TORONTO DOMINION, CANADIAN PACIFIC RAILWAY, and BNS.
Which ETF is more diversified: ICAE or HVOL?
ICAE holds 60 securities, while HVOL holds 37. On holdings count, ICAE is the more diversified portfolio.
Recent articles about ICAE and HVOL
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