CIE.NEO vs. TGGR.TO
CIE.NEO (iShares International Fundamental Common Class) and TGGR.TO (TD Active Global Equity Growth ETF) are both Global Equities funds. CIE.NEO is passively managed, while TGGR.TO is actively managed. Over the past 5 years, CIE.NEO returned 15.96%/yr vs 11.47%/yr for TGGR.TO. At a 0.44 correlation, their price movements are largely independent. CIE.NEO charges 0.73%/yr vs 0.72%/yr for TGGR.TO.
Performance
CIE.NEO vs. TGGR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIE.NEO achieves a 18.56% return, which is significantly higher than TGGR.TO's 13.06% return.
CIE.NEO
- 1D
- 0.13%
- 1M
- -0.59%
- 6M
- 13.24%
- YTD
- 18.56%
- 1Y
- 37.24%
- 3Y*
- 23.77%
- 5Y*
- 15.96%
- 10Y*
- 12.01%
TGGR.TO
- 1D
- 0.35%
- 1M
- 1.08%
- 6M
- 9.79%
- YTD
- 13.06%
- 1Y
- 23.39%
- 3Y*
- 17.23%
- 5Y*
- 11.47%
- 10Y*
- —
CIE.NEO vs. TGGR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 18.56% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 16.84% |
TGGR.TO TD Active Global Equity Growth ETF | 13.06% | 9.22% | 22.80% | 25.77% | -16.26% | 26.36% | 16.94% |
Correlation
The correlation between CIE.NEO and TGGR.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.44 |
The correlation between CIE.NEO and TGGR.TO shifts across timeframes, from 0.44 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CIE.NEO vs. TGGR.TO — Risk / Return Rank
CIE.NEO
TGGR.TO
CIE.NEO vs. TGGR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and TD Active Global Equity Growth ETF (TGGR.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.
| CIE.NEO | TGGR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.32 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 2.31 | +1.08 |
| Martin ratioReturn relative to average drawdown | 13.70 | 8.54 | +5.16 |
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Drawdowns
CIE.NEO vs. TGGR.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than TGGR.TO's maximum drawdown of -27.61%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and TGGR.TO.
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Drawdown Indicators
| CIE.NEO | TGGR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -27.61% | -12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -10.18% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -18.71% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -27.61% | +7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -1.14% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -5.73% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.75% | -0.02% |
Volatility
CIE.NEO vs. TGGR.TO - Volatility Comparison
iShares International Fundamental Common Class (CIE.NEO) and TD Active Global Equity Growth ETF (TGGR.TO) have volatilities of 3.52% and 3.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | TGGR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.64% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 10.77% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 13.18% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 15.87% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 15.49% | +2.54% |
CIE.NEO vs. TGGR.TO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is higher than TGGR.TO's 0.72% expense ratio.
Dividends
CIE.NEO vs. TGGR.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.17%, more than TGGR.TO's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.17% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
TGGR.TO TD Active Global Equity Growth ETF | 0.50% | 0.56% | 0.52% | 0.56% | 0.55% | 0.32% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and TGGR.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGGR.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGGR.TO is cheaper with a 0.72% expense ratio, compared with 0.73% for CIE.NEO.
They also come from different issuers: iShares and TD. Their fees differ too: 0.73% for CIE.NEO and 0.72% for TGGR.TO.
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