DXG.TO vs. TGED.TO
DXG.TO (Dynamic Active Global Dividend ETF) and TGED.TO (TD Active Global Enhanced Dividend ETF) are both Global Equity Income funds. Both are actively managed. Over the past 5 years, DXG.TO returned 15.64%/yr vs 16.00%/yr for TGED.TO. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
DXG.TO vs. TGED.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with DXG.TO having a 19.78% return and TGED.TO slightly lower at 18.98%.
DXG.TO
- 1D
- -1.01%
- 1M
- -3.57%
- 6M
- 15.35%
- YTD
- 19.78%
- 1Y
- 25.99%
- 3Y*
- 31.35%
- 5Y*
- 15.64%
- 10Y*
- —
TGED.TO
- 1D
- -0.41%
- 1M
- -2.58%
- 6M
- 13.78%
- YTD
- 18.98%
- 1Y
- 26.58%
- 3Y*
- 25.14%
- 5Y*
- 16.00%
- 10Y*
- —
DXG.TO vs. TGED.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DXG.TO Dynamic Active Global Dividend ETF | 19.78% | 13.33% | 55.25% | 10.41% | -16.50% | 10.24% | 35.26% | 0.61% |
TGED.TO TD Active Global Enhanced Dividend ETF | 18.98% | 10.63% | 38.60% | 23.33% | -14.27% | 20.42% | 19.17% | 10.37% |
Correlation
The correlation between DXG.TO and TGED.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.78 |
The correlation between DXG.TO and TGED.TO has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DXG.TO vs. TGED.TO — Risk / Return Rank
DXG.TO
TGED.TO
DXG.TO vs. TGED.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Global Dividend ETF (DXG.TO) and TD Active Global Enhanced Dividend ETF (TGED.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.
| DXG.TO | TGED.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.48 | -0.27 |
| Martin ratioReturn relative to average drawdown | 7.78 | 8.40 | -0.62 |
Loading charts...
Drawdowns
DXG.TO vs. TGED.TO - Drawdown Comparison
The maximum DXG.TO drawdown since its inception was -26.03%, roughly equal to the maximum TGED.TO drawdown of -26.19%. Use the drawdown chart below to compare losses from any high point for DXG.TO and TGED.TO.
Loading charts...
Drawdown Indicators
| DXG.TO | TGED.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -26.19% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -10.76% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -19.41% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.03% | -23.05% | -2.98% |
Current DrawdownCurrent decline from peak | -6.49% | -6.26% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -4.63% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.17% | +0.18% |
Volatility
DXG.TO vs. TGED.TO - Volatility Comparison
The current volatility for Dynamic Active Global Dividend ETF (DXG.TO) is 7.65%, while TD Active Global Enhanced Dividend ETF (TGED.TO) has a volatility of 8.85%. This indicates that DXG.TO experiences smaller price fluctuations and is considered to be less risky than TGED.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXG.TO | TGED.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 8.85% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 18.75% | 16.50% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 18.97% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 16.43% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 17.11% | +2.39% |
Dividends
DXG.TO vs. TGED.TO - Dividend Comparison
DXG.TO has not paid dividends to shareholders, while TGED.TO's dividend yield for the trailing twelve months is around 3.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXG.TO Dynamic Active Global Dividend ETF | 0.00% | 0.00% | 12.23% | 0.50% | 0.17% | 0.02% | 0.00% | 0.00% | 0.00% | 0.06% |
TGED.TO TD Active Global Enhanced Dividend ETF | 3.33% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% | 0.00% | 0.00% |
Frequently Asked Questions
DXG.TO and TGED.TO have a correlation of 0.82, 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: Dynamic and TD.
Find the right allocation for DXG.TO and TGED.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer