HAZ.TO vs. TGED.TO
HAZ.TO (Global X 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, HAZ.TO returned 13.80%/yr vs 17.45%/yr for TGED.TO. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
HAZ.TO vs. TGED.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAZ.TO achieves a 12.12% return, which is significantly lower than TGED.TO's 21.82% return.
HAZ.TO
- 1D
- -0.15%
- 1M
- 2.74%
- YTD
- 12.12%
- 6M
- 11.57%
- 1Y
- 20.83%
- 3Y*
- 17.90%
- 5Y*
- 13.80%
- 10Y*
- 11.47%
TGED.TO
- 1D
- -0.26%
- 1M
- 5.98%
- YTD
- 21.82%
- 6M
- 22.25%
- 1Y
- 34.56%
- 3Y*
- 26.97%
- 5Y*
- 17.45%
- 10Y*
- —
HAZ.TO vs. TGED.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HAZ.TO Global X Active Global Dividend ETF | 12.12% | 7.49% | 25.38% | 17.61% | -8.86% | 27.34% | 7.50% | 3.59% |
TGED.TO TD Active Global Enhanced Dividend ETF | 21.82% | 10.63% | 38.60% | 23.33% | -14.27% | 20.42% | 19.17% | 10.37% |
Correlation
The correlation between HAZ.TO and TGED.TO is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.71 |
The correlation between HAZ.TO and TGED.TO has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
HAZ.TO vs. TGED.TO — Risk / Return Rank
HAZ.TO
TGED.TO
HAZ.TO vs. TGED.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Global Dividend ETF (HAZ.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.
| HAZ.TO | TGED.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 3.23 | +0.59 |
| Martin ratioReturn relative to average drawdown | 13.27 | 11.64 | +1.63 |
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Drawdowns
HAZ.TO vs. TGED.TO - Drawdown Comparison
The maximum HAZ.TO drawdown since its inception was -25.55%, roughly equal to the maximum TGED.TO drawdown of -26.19%. Use the drawdown chart below to compare losses from any high point for HAZ.TO and TGED.TO.
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Drawdown Indicators
| HAZ.TO | TGED.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -26.19% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -10.76% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -19.41% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -23.05% | +4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -25.55% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.26% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -4.64% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.98% | -1.41% |
Volatility
HAZ.TO vs. TGED.TO - Volatility Comparison
The current volatility for Global X Active Global Dividend ETF (HAZ.TO) is 2.90%, while TD Active Global Enhanced Dividend ETF (TGED.TO) has a volatility of 7.67%. This indicates that HAZ.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.
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Volatility by Period
| HAZ.TO | TGED.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 7.67% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 14.35% | -6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 17.11% | -6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 16.02% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 16.90% | -2.60% |
Dividends
HAZ.TO vs. TGED.TO - Dividend Comparison
HAZ.TO's dividend yield for the trailing twelve months is around 1.30%, less than TGED.TO's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAZ.TO Global X Active Global Dividend ETF | 1.30% | 1.48% | 0.96% | 1.78% | 3.40% | 1.71% | 1.93% | 2.27% | 2.31% | 2.20% | 2.40% | 2.51% |
TGED.TO TD Active Global Enhanced Dividend ETF | 3.23% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HAZ.TO and TGED.TO have a correlation of 0.68, 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: Global X and TD.
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