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Compare TD Q Canadian Low Volatility ETF (TCLV) vs Harvest Low Volatility Canadian Equity ETF (HVOL) to find the best fit for your portfolio. TCLV provides Finance, Consumer Non-Cyclicals, and Utilities exposures, while HVOL is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, TCLV features a management fee (MER) of 0.3%, compared to 0.35% for HVOL. Performance-wise, TCLV has returned 7.91% year-to-date with +$35 M in net flows, whereas HVOL is at 13.72% with +$1 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
HVOL
| AuM | $124.17 M | $6.34 M |
| Management Fees | 0.30% | 0.35% |
| Exp. ratio | 0.34% | 0.35% |
| Tracking Difference | - | - |
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% |
HVOL | -0.53% | +7.32% | +13.72% | +22.26% | - | |
| Flows | TCLV | +$3 M | +$4 M | +$35 M | +$52 M | +$68 M |
HVOL | +$2 M | +$1 M | +$1 M | +$2 M | - |
TCLV vs HVOL exposure
Countries
TCLV
Canada
97.92%
HVOL
Canada
95.02%
Sectors
TCLV
Finance
29.74%
Consumer Non-Cyclicals
17.93%
Utilities
15.34%
Energy
11.18%
Other
25.82%
HVOL
Finance
39.95%
Energy
12.53%
Industrials
9.48%
Utilities
7.69%
Consumer Non-Cyclicals
7.26%
Other
23.09%
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%
HVOL
Royal Bank of Canada
4.69%
The Toronto-Dominion Bank
4.66%
The Bank of Nova Scotia
4.51%
National Bank of Canada
4.17%
Bank of Montreal
4.17%
Canadian Imperial Bank of Commerce
4.16%
Canadian Pacific Kansas City Ltd.
3.86%
Sun Life Financial, Inc.
3.65%
Fortis, Inc.
3.56%
Canadian National Railway Co.
3.52%
Diversification
TCLV
Total weight of top 10 holdings out of 55 total
42.35%
HVOL
Total weight of top 10 holdings out of 40 total
40.94%
Characteristics
Compare
TCLV
HVOL
| Provider | TD Asset Management | Harvest Portfolios Group |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.51% | 1.70% |
| Meets ESG criteria | No | No |
| Inception Date | June 2, 2020 | April 15, 2025 |
Frequently asked questions about TCLV and HVOL
Which ETF has performed better year to date: TCLV or HVOL?
As of August 17, 2026, TCLV has returned 7.91% year to date, while HVOL has returned 13.72%. HVOL is ahead on YTD performance.
Which ETF is larger by assets under management: TCLV or HVOL?
As of August 17, 2026, TCLV manages $124.17 M in assets, while HVOL manages $6.34 M. TCLV is the larger fund by AUM.
How are TCLV and HVOL managed?
TCLV is actively managed by TD Asset Management. It does not track an index. HVOL is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do TCLV and HVOL emphasize?
TCLV is most exposed to Finance, Consumer Non-Cyclicals, and Utilities. HVOL is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: TCLV or HVOL?
Year to date, TCLV has seen +$34.86 M in net flows, compared with +$0.80 M for HVOL. TCLV has attracted more net investor money so far.
How do the fees of TCLV and HVOL compare?
TCLV has an expense ratio of 0.34%, while HVOL has an expense ratio of 0.35%.
What are the top holdings of TCLV and HVOL?
TCLV's largest holdings include The Toronto-Dominion Bank, Fortis, Inc., and Loblaw Cos. Ltd.. HVOL's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and The Bank of Nova Scotia.
Which ETF is more diversified: TCLV or HVOL?
TCLV holds 55 securities, while HVOL holds 40. On holdings count, TCLV is the more diversified portfolio.
Recent articles about TCLV and HVOL
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.