DXG.TO vs. TQGD.TO
DXG.TO (Dynamic Active Global Dividend ETF) and TQGD.TO (TD Q Global Dividend ETF) are both Global Equity Income funds. DXG.TO is actively managed, while TQGD.TO is passively managed. Over the past 5 years, DXG.TO returned 15.64%/yr vs 14.19%/yr for TQGD.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
DXG.TO vs. TQGD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXG.TO achieves a 19.78% return, which is significantly higher than TQGD.TO's 16.32% return.
DXG.TO
- 1D
- -1.01%
- 1M
- -3.57%
- 6M
- 15.35%
- YTD
- 19.78%
- 1Y
- 25.99%
- 3Y*
- 31.35%
- 5Y*
- 15.64%
- 10Y*
- —
TQGD.TO
- 1D
- 0.38%
- 1M
- 1.28%
- 6M
- 12.66%
- YTD
- 16.32%
- 1Y
- 28.09%
- 3Y*
- 19.52%
- 5Y*
- 14.19%
- 10Y*
- —
DXG.TO vs. TQGD.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% | -5.63% |
TQGD.TO TD Q Global Dividend ETF | 16.32% | 16.45% | 17.67% | 15.06% | -2.95% | 26.09% | -9.55% | 5.90% |
Correlation
The correlation between DXG.TO and TQGD.TO is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.43 |
The correlation between DXG.TO and TQGD.TO shifts across timeframes, from 0.43 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DXG.TO vs. TQGD.TO — Risk / Return Rank
DXG.TO
TQGD.TO
DXG.TO vs. TQGD.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 Q Global Dividend ETF (TQGD.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 | TQGD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 4.66 | -2.45 |
| Martin ratioReturn relative to average drawdown | 7.78 | 17.85 | -10.06 |
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Drawdowns
DXG.TO vs. TQGD.TO - Drawdown Comparison
The maximum DXG.TO drawdown since its inception was -26.03%, smaller than the maximum TQGD.TO drawdown of -32.60%. Use the drawdown chart below to compare losses from any high point for DXG.TO and TQGD.TO.
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Drawdown Indicators
| DXG.TO | TQGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -32.60% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -6.05% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -15.51% | -7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -26.03% | -15.51% | -10.52% |
Current DrawdownCurrent decline from peak | -6.49% | -1.28% | -5.21% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -4.88% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.58% | +1.77% |
Volatility
DXG.TO vs. TQGD.TO - Volatility Comparison
Dynamic Active Global Dividend ETF (DXG.TO) has a higher volatility of 7.65% compared to TD Q Global Dividend ETF (TQGD.TO) at 3.31%. This indicates that DXG.TO's price experiences larger fluctuations and is considered to be riskier than TQGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXG.TO | TQGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 3.31% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 18.75% | 8.53% | +10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 10.65% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 17.86% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 24.53% | -5.03% |
Dividends
DXG.TO vs. TQGD.TO - Dividend Comparison
DXG.TO has not paid dividends to shareholders, while TQGD.TO's dividend yield for the trailing twelve months is around 2.64%.
| 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% |
TQGD.TO TD Q Global Dividend ETF | 2.64% | 2.89% | 3.39% | 3.65% | 3.89% | 3.26% | 4.85% | 0.35% | 0.00% | 0.00% |
Frequently Asked Questions
DXG.TO and TQGD.TO have a correlation of 0.55, 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.
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