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Compare TD Q Canadian Low Volatility ETF (TCLV) vs Manulife Multifactor Canadian Large Cap Index ETF (MCLC) to find the best fit for your portfolio. TCLV provides Finance, Consumer Non-Cyclicals, and Utilities exposures, while MCLC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, TCLV features a management fee (MER) of 0.3%, compared to 0.35% for MCLC. Performance-wise, TCLV has returned 6.92% year-to-date with +$35 M in net flows, whereas MCLC is at 18.08% with +$104 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
MCLC
| AuM | $123.02 M | $545.78 M |
| Management Fees | 0.30% | 0.35% |
| Exp. ratio | 0.34% | 0.40% |
| Tracking Difference | - | -0.69% |
Historical performance and flows
As of August 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCLV | -2.14% | +2.98% | +6.92% | +12.12% | +64.02% |
MCLC | +4.24% | +6.51% | +18.08% | +35.17% | +99.46% | |
| Flows | TCLV | +$1 M | +$4 M | +$35 M | +$52 M | +$68 M |
MCLC | -$18 M | -$25 M | +$104 M | +$84 M | -$7 M |
TCLV vs MCLC exposure
Countries
TCLV
Canada
97.92%
MCLC
Canada
96.88%
Sectors
TCLV
Finance
29.74%
Consumer Non-Cyclicals
17.93%
Utilities
15.34%
Energy
11.18%
Other
25.82%
MCLC
Finance
39.34%
Energy
18.76%
Non-Energy Materials
15.66%
Other
26.23%
As of August 20, 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%
MCLC
Royal Bank of Canada
4.54%
The Toronto-Dominion Bank
4.53%
Sun Life Financial, Inc.
3.57%
Bank of Montreal
3.53%
Suncor Energy, Inc.
3.44%
Brookfield Corp.
3.31%
The Bank of Nova Scotia
3.28%
Cenovus Energy, Inc.
3.26%
Canadian Imperial Bank of Commerce
3.20%
Agnico Eagle Mines Ltd.
2.50%
Diversification
TCLV
Total weight of top 10 holdings out of 55 total
42.35%
MCLC
Total weight of top 10 holdings out of 80 total
35.15%
Characteristics
Compare
TCLV
MCLC
| Provider | TD Asset Management | Manulife Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.52% | 1.62% |
| Meets ESG criteria | No | No |
| Inception Date | June 2, 2020 | April 17, 2017 |
Frequently asked questions about TCLV and MCLC
Which ETF has performed better year to date: TCLV or MCLC?
As of August 20, 2026, TCLV has returned 6.92% year to date, while MCLC has returned 18.08%. MCLC is ahead on YTD performance.
Which ETF is larger by assets under management: TCLV or MCLC?
As of August 20, 2026, TCLV manages $123.02 M in assets, while MCLC manages $545.78 M. MCLC is the larger fund by AUM.
How are TCLV and MCLC managed?
TCLV is actively managed by TD Asset Management. It does not track an index. MCLC is passively managed by Manulife Investments. It tracks the John Hancock Dimensional Canadian Large Cap Equity Total Return Index - CAD benchmark.
What sectors do TCLV and MCLC emphasize?
TCLV is most exposed to Finance, Consumer Non-Cyclicals, and Utilities. MCLC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: TCLV or MCLC?
Year to date, TCLV has seen +$34.86 M in net flows, compared with +$104.00 M for MCLC. MCLC has attracted more net investor money so far.
How do the fees of TCLV and MCLC compare?
TCLV has an expense ratio of 0.34%, while MCLC has an expense ratio of 0.40%.
What are the top holdings of TCLV and MCLC?
TCLV's largest holdings include The Toronto-Dominion Bank, Fortis, Inc., and Loblaw Cos. Ltd.. MCLC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Sun Life Financial, Inc..
Which ETF is more diversified: TCLV or MCLC?
TCLV holds 55 securities, while MCLC holds 80. On holdings count, MCLC is the more diversified portfolio.
Recent articles about TCLV and MCLC
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