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Guardian Canadian Focused Equity ETF (GCFE.TO) ETF Analysis

GCFE.TO

Expense ratio 0.77% Yield 0.77% Assets CA$359.19M Since November 14, 2023 Family Guardian Capital LP

Last Updated: October 20, 2026

CA$38.76

+CA$0.25 (+0.65%)

October 20, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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GCFE.TO Annualized Returns

With dividends reinvested · as of October 20, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+15.32%	+15.32%	CA$115.32	CA$345.95
Since November 14, 2023	+118.49%	+30.54%	CA$218.49	CA$655.47

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

GCFE.TO Return by Calendar Year

2023 and 2026 are partial years

+5.60%+49.06%+10.96%

2023*202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+10.96%
2025	+25.08%
2024	+49.06%
2023 (partial year)	+5.60%

GCFE.TO Monthly Returns

−4%+8%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+1.7	+6.4	−2.8	+1.7	+1.6	−0.2	+3.4	−1.6	−3.5	+4.2	—	—
2025	−1.3	+0.4	+0.1	+0.2	+6.3	+4.2	+2.6	+3.2	+3.3	−1.0	−0.7	+5.6
2024	+0.0	+6.0	+6.7	+1.2	−2.1	+2.1	+6.0	+0.8	+2.7	+3.8	+7.3	+6.5
2023	—	—	—	—	—	—	—	—	—	—	—	+5.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

GCFE.TO Volatility & Risk

Volatility: 2 yrs

Annualized volatility: 15.47%
Best year: +49.06%
Worst year: +25.08%

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

#	Symbol	Name	Weight
1	GIB-A.TO	CGI Inc Class A	7.03%
2	SU.TO	Suncor Energy Inc	6.22%
3	CNQ.TO	Canadian Natural Resources Ltd	6.13%
4	FFH.TO	Fairfax Financial Holdings Ltd Shs Subord.Vtg	5.6%
5	AEM.TO	Agnico Eagle Mines Ltd	5.41%
6	BN.TO	Brookfield Corp Registered Shs -A- Limited Vtg	5.37%
7	CCL.B	CCL Industries Inc Registered Shs -B- Non Vtg	5.26%
8	CPX.TO	Capital Power Corp	5.03%
9	TSU.TO	Trisura Group Ltd Registered Shs When Issued	4.92%
10	WSP.TO	WSP Global Inc	4.79%

Analysis

Data-derived

Fund Overview

Guardian Canadian Focused Equity ETF (GCFE.TO) is an exchange-traded fund. The fund holds CA$359.19M in total net assets. The expense ratio is 0.77%. On a CA$10,000 position that is CA$77.00 a year. The fund is issued by Guardian Capital LP. It has been trading since November 14, 2023.

The largest positions on file are CGI Inc Class A (GIB-A.TO), Suncor Energy Inc (SU.TO), and Canadian Natural Resources Ltd (CNQ.TO). CGI Inc Class A alone accounts for 7.03% of the portfolio. The ten largest positions together make up 55.76% of the fund.

Performance Analysis

GCFE.TO last closed at CA$38.76 on October 20, 2026. Over the trailing twelve months the total return is +15.32%. The stored price history starts on November 14, 2023, and the total return since then is +118.49%. The trailing distribution yield is 0.77%.

Across the complete calendar years on file, 2024 returned +49.06% and 2025 returned +25.08%. So far in 2026 the total return is +10.96%.

Price & Risk Profile

The 52-week range on file runs from CA$33.81 to CA$39.90. The latest close sits 14.64% above that 52-week low. Annualized volatility over the trailing 2 years is 15.47%. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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