VS
Compare Purpose Core Equity Income Fund (RDE) vs Mackenzie Canada Low Volatility ETF (MCLV) to find the best fit for your portfolio. RDE provides Financials, Energy, and Industrials exposures, while MCLV is primarily weighted in Financials, Energy, and Materials. When evaluating costs, RDE features a management fee (MER) of 0.75%, compared to 0.45% for MCLV. Performance-wise, RDE has returned 18.02% year-to-date with -$34 M in net flows, whereas MCLV is at 14.01% with +$38 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
RDE
MCLV
| AuM | $97.05 M | $179.28 M |
| Management Fees | 0.75% | 0.45% |
| Exp. ratio | 0.82% | 0.50% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RDE | +4.50% | +11.91% | +18.02% | +36.12% | +74.21% |
MCLV | +3.06% | +8.40% | +14.01% | +29.73% | - | |
| Flows | RDE | +$2 M | +$7 M | -$34 M | +$28 M | +$66 M |
MCLV | +$12 M | +$21 M | +$38 M | +$43 M | - |
RDE vs MCLV exposure
Countries
RDE
Canada
66.17%
USA
17.70%
Other
16.13%
MCLV
Canada
96.04%
Sectors
RDE
Financials
28.14%
Energy
14.46%
Industrials
9.52%
Consumer Staples
8.43%
Health Care
8.07%
Other
31.38%
MCLV
Financials
31.31%
Energy
14.21%
Materials
11.75%
Industrials
10.18%
Consumer Staples
9.47%
Utilities
7.21%
Other
15.87%
As of June 11, 2026
Top 10 Holdings
RDE
BNS
5.17%
BANK OF MONTREAL
5.05%
ROYAL BK CANADA
4.80%
FINNING INTL
3.97%
ARC RESOURCES
3.66%
CDN NATL RAILWAY
3.56%
SUN LIFE FINL
3.52%
PROCTERGAMBLE
3.51%
PEMBINA PIPELINE
3.37%
ALPHABET INC-CL
3.36%
MCLV
TORONTO DOMINION
4.10%
BNS
3.72%
HYDRO ONE
3.00%
CDN IMPERIAL BK
2.95%
BANK OF MONTREAL
2.76%
NATIONAL BANK OF CANADA
2.76%
GEORGE WESTON
2.75%
GREAT WEST LIFECO
2.71%
SUNCOR ENERGY
2.68%
CDN NATL RAILWAY
2.65%
Diversification
RDE
Total weight of top 10 holdings out of 32 total
39.97%
MCLV
Total weight of top 10 holdings out of 82 total
30.08%
Characteristics
Compare
RDE
MCLV
| Provider | Purpose Investments | Mackenzie Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.56% | 1.79% |
| Meets ESG criteria | No | Yes |
| Inception Date | May 11, 2017 | June 6, 2024 |
Frequently asked questions about RDE and MCLV
Which ETF has performed better year to date: RDE or MCLV?
As of June 11, 2026, RDE has returned 18.02% year to date, while MCLV has returned 14.01%. RDE is ahead on YTD performance.
Which ETF is larger by assets under management: RDE or MCLV?
As of June 11, 2026, RDE manages $97.05 M in assets, while MCLV manages $179.28 M. MCLV is the larger fund by AUM.
How are RDE and MCLV managed?
RDE is actively managed by Purpose Investments. It does not track an index. MCLV is actively managed by Mackenzie Investments. It does not track an index.
What sectors do RDE and MCLV emphasize?
RDE is most exposed to Financials, Energy, and Industrials. MCLV is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: RDE or MCLV?
Year to date, RDE has seen -$34.16 M in net flows, compared with +$37.86 M for MCLV. MCLV has attracted more net investor money so far.
How do the fees of RDE and MCLV compare?
RDE has an expense ratio of 0.82%, while MCLV has an expense ratio of 0.50%.
What are the top holdings of RDE and MCLV?
RDE's largest holdings include BNS, BANK OF MONTREAL, and ROYAL BK CANADA. MCLV's top holdings include TORONTO DOMINION, BNS, and HYDRO ONE.
Which ETF is more diversified: RDE or MCLV?
RDE holds 32 securities, while MCLV holds 81. On holdings count, MCLV is the more diversified portfolio.
Recent articles about RDE and MCLV
Canadian ETF Industry Recap: June 2024
A monthly look back at the Canadian ETF landscape and its developments.
Posted on 7/24/2024 by Kyle Anthony inETF Ecosystem
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