BND.TO vs. TGFI.TO
BND.TO (Purpose Global Bond Fund) and TGFI.TO (TD Active Global Income ETF) are both Global Bonds funds. Both are actively managed. Over the past 5 years, BND.TO returned 3.28%/yr vs 1.08%/yr for TGFI.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
BND.TO vs. TGFI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BND.TO achieves a 1.55% return, which is significantly higher than TGFI.TO's 0.45% return.
BND.TO
- 1D
- 0.22%
- 1M
- 1.11%
- YTD
- 1.55%
- 6M
- 1.75%
- 1Y
- 5.96%
- 3Y*
- 7.48%
- 5Y*
- 3.28%
- 10Y*
- 3.04%
TGFI.TO
- 1D
- -0.30%
- 1M
- 0.70%
- YTD
- 0.45%
- 6M
- 0.45%
- 1Y
- 4.37%
- 3Y*
- 5.33%
- 5Y*
- 1.08%
- 10Y*
- —
BND.TO vs. TGFI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 1.55% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 0.61% |
TGFI.TO TD Active Global Income ETF | 0.45% | 5.71% | 4.24% | 8.24% | -14.35% | 2.16% | 2.60% | 0.86% |
Correlation
The correlation between BND.TO and TGFI.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2019 | 0.21 |
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Return for Risk
BND.TO vs. TGFI.TO — Risk / Return Rank
BND.TO
TGFI.TO
BND.TO vs. TGFI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) and TD Active Global Income ETF (TGFI.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BND.TO | TGFI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.43 | +0.66 |
| Martin ratioReturn relative to average drawdown | 8.59 | 4.56 | +4.03 |
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Drawdowns
BND.TO vs. TGFI.TO - Drawdown Comparison
The maximum BND.TO drawdown since its inception was -16.55%, smaller than the maximum TGFI.TO drawdown of -22.03%. Use the drawdown chart below to compare losses from any high point for BND.TO and TGFI.TO.
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Drawdown Indicators
| BND.TO | TGFI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.55% | -22.03% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.07% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -4.52% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -12.43% | -17.25% | +4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -16.55% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.16% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -5.44% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.96% | -0.26% |
Volatility
BND.TO vs. TGFI.TO - Volatility Comparison
Purpose Global Bond Fund (BND.TO) has a higher volatility of 1.22% compared to TD Active Global Income ETF (TGFI.TO) at 1.09%. This indicates that BND.TO's price experiences larger fluctuations and is considered to be riskier than TGFI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BND.TO | TGFI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.09% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.73% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 3.98% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 6.51% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 9.55% | -4.40% |
Dividends
BND.TO vs. TGFI.TO - Dividend Comparison
BND.TO's dividend yield for the trailing twelve months is around 5.82%, more than TGFI.TO's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
TGFI.TO TD Active Global Income ETF | 5.15% | 5.31% | 5.92% | 5.82% | 4.38% | 3.93% | 3.11% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BND.TO and TGFI.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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