VS
Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) and RBC Canadian Dividend Covered Call ETF (RCDC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ICAE focuses its top 3 sector exposures on Financials, Energy, and Materials, while RCDC leans towards Financials, Energy, and Industrials. When evaluating costs, ICAE features a management fee (MER) of 0.2%, compared to 0.64% for RCDC. Performance-wise, ICAE has returned 14.38% year-to-date with +$1 M in net flows, whereas RCDC is at 14.98% with +$16 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
RCDC
| AuM | $10.73 M | $66.19 M |
| Management Fees | 0.20% | 0.64% |
| Exp. ratio | 0.23% | 0.71% |
| 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% |
RCDC | +4.87% | +11.75% | +14.98% | +31.26% | +71.90% | |
| Flows | ICAE | -$0 M | -$0 M | +$1 M | +$0 M | +$6 M |
RCDC | +$6 M | +$11 M | +$16 M | +$25 M | +$28 M |
ICAE vs RCDC exposure
Countries
ICAE
Canada
99.61%
RCDC
Canada
92.72%
Other
7.28%
Sectors
ICAE
Financials
44.07%
Energy
16.40%
Materials
10.07%
Industrials
9.36%
Other
20.10%
RCDC
Financials
42.14%
Energy
16.68%
Other
13.55%
Industrials
10.31%
Other
17.32%
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%
RCDC
ROYAL BK CANADA
9.53%
TORONTO DOMINION
7.73%
BANK OF MONTREAL
4.66%
ENBRIDGE
4.31%
CA11271J1075
4.10%
CDN IMPERIAL BK
4.01%
CANADIAN PACIFIC RAILWAY
3.93%
POWER CORPORATION OF CANADA
3.26%
MANULIFE-S
3.26%
CDN NATURAL RESOURCE
3.24%
Diversification
ICAE
Total weight of top 10 holdings out of 63 total
54.68%
RCDC
Total weight of top 10 holdings out of 45 total
48.03%
Characteristics
Compare
ICAE
RCDC
| Provider | Invesco | RBC Global Asset Management |
| 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% | 6.21% |
| Meets ESG criteria | Yes | No |
| Inception Date | February 10, 2023 | January 17, 2023 |
Frequently asked questions about ICAE and RCDC
Which ETF has performed better year to date: ICAE or RCDC?
As of June 12, 2026, ICAE has returned 14.38% year to date, while RCDC has returned 14.98%. RCDC is ahead on YTD performance.
Which ETF is larger by assets under management: ICAE or RCDC?
As of June 12, 2026, ICAE manages $10.73 M in assets, while RCDC manages $66.19 M. RCDC is the larger fund by AUM.
How are ICAE and RCDC managed?
ICAE is passively managed by Invesco. It tracks the S&P/TSX Canadian Dividend Aristocrats ESG FMC Weighted Index - CAD benchmark. RCDC is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do ICAE and RCDC emphasize?
ICAE is most exposed to Financials, Energy, and Materials. RCDC is most exposed to Financials, Energy, and Industrials.
Which ETF is attracting more investor flows: ICAE or RCDC?
Year to date, ICAE has seen +$1.46 M in net flows, compared with +$15.63 M for RCDC. RCDC has attracted more net investor money so far.
How do the fees of ICAE and RCDC compare?
ICAE has an expense ratio of 0.23%, while RCDC has an expense ratio of 0.71%.
What are the top holdings of ICAE and RCDC?
ICAE's largest holdings include ROYAL BK CANADA, ENBRIDGE, and BANK OF MONTREAL. RCDC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: ICAE or RCDC?
ICAE holds 60 securities, while RCDC holds 44. On holdings count, ICAE is the more diversified portfolio.
Recent articles about ICAE and RCDC
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