A side-by-side comparison of Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) and TD Q Canadian Dividend ETF (TQCD) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ICAE | TQCD |
|---|---|---|
| YTD Return | +17.52%✓ | +14.94% |
| 1-Day Change | -0.16%✓ | -0.99% |
| 1-Week Change | +1.52%✓ | +0.03% |
| 1-Month Change | +3.49%✓ | +1.08% |
| Current Price | $32.00 | $28.93 |
| AUM | $11M | $3.39B✓ |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | 2.69% | 2.82%✓ |
| Distribution Frequency | Monthly | — |
| Inception Date | 2023-02-23 | 2019-11-20 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★★★★ |
| Category | Canadian Dividend and Income Equity | Canadian Dividend and Income Equity |
| Beta | 0.84 | 0.88 |
| 52-Week High | $32.05 | $29.32 |
| 52-Week Low | $25.16 | $20.93 |
| 50-Day MA | $30.51 | $28.44 |
| 200-Day MA | $28.77 | $26.33 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ICAE | TQCD |
|---|---|---|
| YTD | +17.52%✓ | +14.94% |
| 1 Year | +33.45% | +37.63%✓ |
| 3 Year | +22.93% | +28.38%✓ |
| 5 Year | — | +18.81% |
| 10 Year | — | — |
| 1Y Volatility | 10.28% | 8.73% |
| Sharpe Ratio (3Y) | 1.65 | 2.12 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RY | Royal Bank of Canada | 8.93% |
| 2 | BMO | Bank of Montreal | 7.77% |
| 3 | ENB | Enbridge Inc | 7.36% |
| 4 | BNS | Bank of Nova Scotia | 6.66% |
| 5 | CM | Canadian Imperial Bank Of Commerce | 6.64% |
| 6 | TRP | TC Energy Corp | 4.37% |
| 7 | MFC | Manulife Financial Corp | 4.21% |
| 8 | CNR | Canadian National Railway Co | 3.99% |
| 9 | NA | National Bank of Canada | 3.88% |
| 10 | WPM | Wheaton Precious Metals Corp | 3.28% |
| 1 | CM | Canadian Imperial Bank Of Commerce | 4.05% |
| 2 | BNS | Bank of Nova Scotia | 3.93% |
| 3 | NA | National Bank of Canada | 3.92% |
| 4 | BMO | Bank of Montreal | 3.89% |
| 5 | RY | Royal Bank of Canada | 3.86% |
| 6 | TD | Toronto Dominion Bank | 3.84% |
| 7 | MFC | Manulife Financial Corp | 3.45% |
| 8 | ABX | Barrick Gold Corp | 3.06% |
| 9 | PPL | Pembina Pipeline Corp | 2.92% |
| 10 | BAM | Brookfield Asset Management Ltd | 2.91% |
Sector Weights
| Sector | ICAE | TQCD |
|---|---|---|
| Basic Materials | 8.61% | 13.37% |
| Communication Services | 1.15% | 3.15% |
| Consumer Cyclicals | 4.31% | 2.26% |
| Consumer Defensive | 6.38% | 1.83% |
| Energy | 16.51% | 19.46% |
| Financial Services | 47.97% | 39.74% |
| Healthcare | 0.00% | 0.31% |
| Industrials | 10.44% | 9.70% |
| Real Estate | 0.60% | 3.82% |
| Technology | 0.35% | 1.14% |
| Utilities | 3.70% | 5.22% |
About ICAE
Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About TQCD
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Which ETF is Right for You?
Both ICAE and TQCD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, TQCD scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ICAE and TQCD?
ICAE (Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF) and TQCD (TD Q Canadian Dividend ETF) are both Canadian-listed ETFs. Key differences include their AUM ($11M vs $3.39B), dividend yield (2.69% vs 2.82%), and year-to-date performance (+17.52% vs +14.94%).
Is ICAE better than TQCD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ICAE has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ICAE and TQCD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ICAE and TQCD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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