DGR.TO vs. TBNK.TO
DGR.TO (CI U.S. Quality Dividend Growth Index ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. Over the past 3 years, DGR.TO returned 12.68%/yr vs 35.65%/yr for TBNK.TO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
DGR.TO vs. TBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DGR.TO achieves a 5.64% return, which is significantly lower than TBNK.TO's 32.04% return.
DGR.TO
- 1D
- 0.37%
- 1M
- -1.64%
- YTD
- 5.64%
- 6M
- 5.56%
- 1Y
- 13.36%
- 3Y*
- 12.68%
- 5Y*
- 10.28%
- 10Y*
- —
TBNK.TO
- 1D
- 0.86%
- 1M
- 11.21%
- YTD
- 32.04%
- 6M
- 31.50%
- 1Y
- 69.10%
- 3Y*
- 35.65%
- 5Y*
- —
- 10Y*
- —
DGR.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DGR.TO CI U.S. Quality Dividend Growth Index ETF | 5.64% | 10.57% | 16.04% | 13.85% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 32.04% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between DGR.TO and TBNK.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.51 |
The correlation between DGR.TO and TBNK.TO has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
DGR.TO vs. TBNK.TO — Risk / Return Rank
DGR.TO
TBNK.TO
DGR.TO vs. TBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI U.S. Quality Dividend Growth Index ETF (DGR.TO) and TD Canadian Bank Dividend Index ETF (TBNK.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.
| DGR.TO | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.13 | ||
| Sortino ratioReturn per unit of downside risk | -5.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.99 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 8.42 | -6.85 |
| Martin ratioReturn relative to average drawdown | 6.30 | 36.53 | -30.23 |
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Drawdowns
DGR.TO vs. TBNK.TO - Drawdown Comparison
The maximum DGR.TO drawdown since its inception was -30.73%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for DGR.TO and TBNK.TO.
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Drawdown Indicators
| DGR.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -15.03% | -15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -8.25% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -15.03% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | — | — |
Current DrawdownCurrent decline from peak | -2.31% | 0.00% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -2.39% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.90% | +0.23% |
Volatility
DGR.TO vs. TBNK.TO - Volatility Comparison
CI U.S. Quality Dividend Growth Index ETF (DGR.TO) has a higher volatility of 3.43% compared to TD Canadian Bank Dividend Index ETF (TBNK.TO) at 2.97%. This indicates that DGR.TO's price experiences larger fluctuations and is considered to be riskier than TBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGR.TO | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 2.97% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 11.25% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 12.87% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 12.80% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 12.80% | +2.43% |
Dividends
DGR.TO vs. TBNK.TO - Dividend Comparison
DGR.TO's dividend yield for the trailing twelve months is around 1.15%, less than TBNK.TO's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DGR.TO CI U.S. Quality Dividend Growth Index ETF | 1.15% | 1.24% | 0.94% | 1.53% | 1.70% | 1.26% | 1.29% | 1.67% | 1.94% | 1.29% | 0.62% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.22% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGR.TO and TBNK.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and TD.
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