VS
Compare TD Q Canadian Low Volatility ETF (TCLV) vs iShares Edge MSCI Min Vol Canada Index ETF (XMV) to find the best fit for your portfolio. TCLV provides Finance, Consumer Non-Cyclicals, and Utilities exposures, while XMV is primarily weighted in Finance, Energy, and Consumer Non-Cyclicals. When evaluating costs, TCLV features a management fee (MER) of 0.3%, compared to 0.3% for XMV. Performance-wise, TCLV has returned 7.8% year-to-date with +$35 M in net flows, whereas XMV is at 13.78% with -$19 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
XMV
| AuM | $124.04 M | $397.88 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.34% | 0.34% |
| Tracking Difference | - | -0.47% |
Historical performance and flows
As of August 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCLV | -1.33% | +4.71% | +7.80% | +13.89% | +64.65% |
XMV | +0.13% | +6.43% | +13.78% | +23.35% | +79.16% | |
| Flows | TCLV | +$1 M | +$4 M | +$35 M | +$52 M | +$68 M |
XMV | +$0 M | -$36 M | -$19 M | -$1 M | +$79 M |
TCLV vs XMV exposure
Countries
TCLV
Canada
97.92%
XMV
Canada
94.92%
Sectors
TCLV
Finance
29.74%
Consumer Non-Cyclicals
17.93%
Utilities
15.34%
Energy
11.18%
Other
25.82%
XMV
Finance
37.66%
Energy
13.56%
Consumer Non-Cyclicals
9.66%
Industrials
8.39%
Non-Energy Materials
7.53%
Utilities
7.48%
Other
15.71%
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%
XMV
Bank of Montreal
3.44%
Royal Bank of Canada
3.38%
The Toronto-Dominion Bank
3.38%
The Bank of Nova Scotia
3.37%
Great-West Lifeco, Inc.
3.23%
Canadian National Railway Co.
3.15%
Canadian Imperial Bank of Commerce
3.07%
Fortis, Inc.
3.05%
National Bank of Canada
2.95%
Canadian Pacific Kansas City Ltd.
2.90%
Diversification
TCLV
Total weight of top 10 holdings out of 55 total
42.35%
XMV
Total weight of top 10 holdings out of 72 total
31.93%
Characteristics
Compare
TCLV
XMV
| Provider | TD Asset Management | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Canada Minimum Volatility Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.51% | 2.04% |
| Meets ESG criteria | No | No |
| Inception Date | June 2, 2020 | July 24, 2012 |
Frequently asked questions about TCLV and XMV
Which ETF has performed better year to date: TCLV or XMV?
As of August 17, 2026, TCLV has returned 7.80% year to date, while XMV has returned 13.78%. XMV is ahead on YTD performance.
Which ETF is larger by assets under management: TCLV or XMV?
As of August 17, 2026, TCLV manages $124.04 M in assets, while XMV manages $397.88 M. XMV is the larger fund by AUM.
How are TCLV and XMV managed?
TCLV is actively managed by TD Asset Management. It does not track an index. XMV is passively managed by iShares. It tracks the MSCI Canada Minimum Volatility Total Return Index - CAD benchmark.
What sectors do TCLV and XMV emphasize?
TCLV is most exposed to Finance, Consumer Non-Cyclicals, and Utilities. XMV is most exposed to Finance, Energy, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: TCLV or XMV?
Year to date, TCLV has seen +$34.86 M in net flows, compared with -$19.18 M for XMV. TCLV has attracted more net investor money so far.
How do the fees of TCLV and XMV compare?
TCLV has an expense ratio of 0.34%, while XMV has an expense ratio of 0.34%.
What are the top holdings of TCLV and XMV?
TCLV's largest holdings include The Toronto-Dominion Bank, Fortis, Inc., and Loblaw Cos. Ltd.. XMV's top holdings include Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: TCLV or XMV?
TCLV holds 55 securities, while XMV holds 72. On holdings count, XMV is the more diversified portfolio.
Recent articles about TCLV and XMV
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