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Compare TD Q Canadian Low Volatility ETF (TCLV) vs Franklin Canadian Low Volatility High Dividend Index ETF (FLVC) to find the best fit for your portfolio. TCLV provides Finance, Consumer Non-Cyclicals, and Utilities exposures, while FLVC is primarily weighted in Finance, Utilities, and Energy. When evaluating costs, TCLV features a management fee (MER) of 0.3%, compared to 0.15% for FLVC. Performance-wise, TCLV has returned 7.91% year-to-date with +$35 M in net flows, whereas FLVC is at 20.94% with +$2 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
TCLV
FLVC
| AuM | $124.17 M | $30.99 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.34% | 0.16% |
| Tracking Difference | - | 3.25% |
Historical performance and flows
As of August 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCLV | -1.98% | +4.82% | +7.91% | +14.01% | +64.55% |
FLVC | -0.43% | +10.71% | +20.94% | +33.97% | - | |
| Flows | TCLV | +$3 M | +$4 M | +$35 M | +$52 M | +$68 M |
FLVC | -$25 M | -$15 M | +$2 M | -$46 M | - |
TCLV vs FLVC exposure
Countries
TCLV
Canada
97.92%
FLVC
Canada
100.00%
Sectors
TCLV
Finance
29.74%
Consumer Non-Cyclicals
17.93%
Utilities
15.34%
Energy
11.18%
Other
25.82%
FLVC
Finance
42.31%
Utilities
10.90%
Energy
8.90%
Consumer Non-Cyclicals
8.81%
Industrials
8.21%
Telecommunications
7.73%
Other
13.14%
As of August 17, 2026
Top 10 Holdings
TCLV
The Toronto-Dominion Bank
5.31%
Fortis, Inc.
5.15%
Loblaw Cos. Ltd.
5.04%
Emera, Inc.
4.34%
Intact Financial Corp.
4.23%
Hydro One Ltd.
4.10%
Alimentation Couche-Tard, Inc.
3.89%
Dollarama, Inc.
3.44%
Great-West Lifeco, Inc.
3.44%
Royal Bank of Canada
3.41%
FLVC
Bank of Montreal
5.50%
Royal Bank of Canada
5.44%
The Bank of Nova Scotia
5.43%
Power Corp of Canada
5.43%
Sun Life Financial, Inc.
5.23%
Canadian National Railway Co.
5.21%
Manulife Financial Corp.
4.98%
National Bank of Canada
4.97%
BCE, Inc.
4.57%
Fortis, Inc.
4.29%
Diversification
TCLV
Total weight of top 10 holdings out of 55 total
42.35%
FLVC
Total weight of top 10 holdings out of 45 total
51.04%
Characteristics
Compare
TCLV
FLVC
| Provider | TD Asset Management | Franklin Templeton |
| Management | Actively managed | Passively managed |
| Benchmark | - | Franklin Canadian Low Volatility High Dividend Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.51% | 4.56% |
| Meets ESG criteria | No | No |
| Inception Date | June 2, 2020 | March 28, 2024 |
Frequently asked questions about TCLV and FLVC
Which ETF has performed better year to date: TCLV or FLVC?
As of August 17, 2026, TCLV has returned 7.91% year to date, while FLVC has returned 20.94%. FLVC is ahead on YTD performance.
Which ETF is larger by assets under management: TCLV or FLVC?
As of August 17, 2026, TCLV manages $124.17 M in assets, while FLVC manages $30.99 M. TCLV is the larger fund by AUM.
How are TCLV and FLVC managed?
TCLV is actively managed by TD Asset Management. It does not track an index. FLVC is passively managed by Franklin Templeton. It tracks the Franklin Canadian Low Volatility High Dividend Index NTR - CAD benchmark.
What sectors do TCLV and FLVC emphasize?
TCLV is most exposed to Finance, Consumer Non-Cyclicals, and Utilities. FLVC is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: TCLV or FLVC?
Year to date, TCLV has seen +$34.86 M in net flows, compared with +$1.53 M for FLVC. TCLV has attracted more net investor money so far.
How do the fees of TCLV and FLVC compare?
TCLV has an expense ratio of 0.34%, while FLVC has an expense ratio of 0.16%.
What are the top holdings of TCLV and FLVC?
TCLV's largest holdings include The Toronto-Dominion Bank, Fortis, Inc., and Loblaw Cos. Ltd.. FLVC's top holdings include Bank of Montreal, Royal Bank of Canada, and The Bank of Nova Scotia.
Which ETF is more diversified: TCLV or FLVC?
TCLV holds 55 securities, while FLVC holds 45. On holdings count, TCLV is the more diversified portfolio.
Recent articles about TCLV and FLVC
Looking for higher income and lower volatility? These Franklin Templeton ETFs may help
Franklin Templeton’s Low-Volatility High Dividend ETFs provide Canadian investors exposure to high dividend stocks with lower volatility, suited for economic cycles' ups and downs.
Posted on 10/10/2024 by Kyle Anthony inStock Market
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