HURA.TO vs. TQGM.TO

Last updated Jun 4, 2026

HURA.TO (Global X Uranium Index ETF) and TQGM.TO (TD Q Global Multifactor ETF) are both exchange-traded funds - HURA.TO is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index, while TQGM.TO is a Multi-factor fund actively managed by TD. HURA.TO is passively managed, while TQGM.TO is actively managed. Over the past 5 years, HURA.TO returned 24.85%/yr vs 13.81%/yr for TQGM.TO. At a 0.18 correlation, their price movements are largely independent. HURA.TO charges 0.98%/yr vs 0.45%/yr for TQGM.TO.

Performance

HURA.TO vs. TQGM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Uranium Index ETF (HURA.TO) and TD Q Global Multifactor ETF (TQGM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HURA.TO having a 14.10% return and TQGM.TO slightly lower at 13.62%.

HURA.TO

• 1D: -3.64%
• 1M: -4.79%
• YTD: 14.10%
• 6M: 7.34%
• 1Y: 58.90%
• 3Y*: 36.71%
• 5Y*: 24.85%
• 10Y*: —

TQGM.TO

• 1D: 0.21%
• 1M: 7.11%
• YTD: 13.62%
• 6M: 12.79%
• 1Y: 28.61%
• 3Y*: 21.42%
• 5Y*: 13.81%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HURA.TO vs. TQGM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HURA.TO Global X Uranium Index ETF	14.10%	43.18%	3.05%	61.03%	-4.56%	71.05%	65.97%	-3.93%
TQGM.TO TD Q Global Multifactor ETF	13.62%	20.97%	25.26%	8.13%	-4.74%	12.19%	0.64%	-0.00%

Correlation

The correlation between HURA.TO and TQGM.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019	0.18

The correlation between HURA.TO and TQGM.TO shifts across timeframes, from 0.18 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

HURA.TO vs. TQGM.TO - Sectors Allocation Comparison

Sectors	HURA.TO	TQGM.TO
Energy	87.4%	7.0%
Utilities	7.9%	1.1%
Industrials	4.2%	16.1%
Basic Materials	0.6%	2.4%
Communication Services	-	12.4%
Consumer Cyclical	-	13.8%
Consumer Defensive	-	10.9%
Financial Services	-	12.8%
Healthcare	-	3.3%
Real Estate	-	0.1%
Technology	-	20.3%

Return for Risk

HURA.TO vs. TQGM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HURA.TO

HURA.TO Risk / Return Rank: 33
HURA.TO Sharpe Ratio Rank: 34
HURA.TO Sortino Ratio Rank: 35
HURA.TO Omega Ratio Rank: 32
HURA.TO Calmar Ratio Rank: 39
HURA.TO Martin Ratio Rank: 27

TQGM.TO

TQGM.TO Risk / Return Rank: 84
TQGM.TO Sharpe Ratio Rank: 83
TQGM.TO Sortino Ratio Rank: 87
TQGM.TO Omega Ratio Rank: 83
TQGM.TO Calmar Ratio Rank: 82
TQGM.TO Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HURA.TO vs. TQGM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium Index ETF (HURA.TO) and TD Q Global Multifactor ETF (TQGM.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.

	HURA.TO	TQGM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.70	-1.45
Sortino ratio: Return per unit of downside risk	1.90	3.92	-2.02
Omega ratio: Gain probability vs. loss probability	1.22	1.50	-0.29
Calmar ratio: Return relative to maximum drawdown	1.93	4.37	-2.44
Martin ratio: Return relative to average drawdown	3.87	17.98	-14.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HURA.TO vs. TQGM.TO - Sharpe Ratio Comparison

The current HURA.TO Sharpe Ratio is 1.25, which is lower than the TQGM.TO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of HURA.TO and TQGM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HURA.TO	TQGM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.70	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	1.29	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.91	-0.15

Drawdowns

HURA.TO vs. TQGM.TO - Drawdown Comparison

The maximum HURA.TO drawdown since its inception was -43.51%, which is greater than TQGM.TO's maximum drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for HURA.TO and TQGM.TO.

Drawdown Indicators

	HURA.TO	TQGM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-24.34%	-19.17%
Max Drawdown (1Y) Largest decline over 1 year	-30.61%	-6.57%	-24.04%
Max Drawdown (3Y) Largest decline over 3 years	-42.97%	-10.38%	-32.59%
Max Drawdown (5Y) Largest decline over 5 years	-42.97%	-14.62%	-28.35%
Current Drawdown Current decline from peak	-20.74%	0.00%	-20.74%
Average Drawdown Average peak-to-trough decline	-14.47%	-3.47%	-11.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.25%	1.60%	+13.65%

Volatility

HURA.TO vs. TQGM.TO - Volatility Comparison

Global X Uranium Index ETF (HURA.TO) has a higher volatility of 13.83% compared to TD Q Global Multifactor ETF (TQGM.TO) at 2.90%. This indicates that HURA.TO's price experiences larger fluctuations and is considered to be riskier than TQGM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HURA.TO	TQGM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.83%	2.90%	+10.93%
Volatility (6M) Calculated over the trailing 6-month period	33.13%	8.28%	+24.85%
Volatility (1Y) Calculated over the trailing 1-year period	47.52%	10.67%	+36.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.20%	10.77%	+29.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.82%	12.40%	+26.42%

HURA.TO vs. TQGM.TO - Expense Ratio Comparison

HURA.TO has a 0.98% expense ratio, which is higher than TQGM.TO's 0.45% expense ratio.

Dividends

HURA.TO vs. TQGM.TO - Dividend Comparison

HURA.TO's dividend yield for the trailing twelve months is around 0.08%, less than TQGM.TO's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HURA.TO Global X Uranium Index ETF	0.08%	0.09%	0.75%	1.03%	1.46%	1.26%	0.63%	0.82%
TQGM.TO TD Q Global Multifactor ETF	1.20%	1.36%	2.18%	2.67%	2.82%	2.40%	2.17%	0.00%

Frequently Asked Questions

Can I hold both HURA.TO and TQGM.TO in my portfolio?

HURA.TO and TQGM.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HURA.TO or TQGM.TO?

On fees, TQGM.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HURA.TO or TQGM.TO?

TQGM.TO is cheaper with a 0.45% expense ratio, compared with 0.98% for HURA.TO.

What is the main difference between HURA.TO and TQGM.TO?

HURA.TO is categorized as Commodity Producers Equities, while TQGM.TO is Multi-factor. They also come from different issuers: Global X and TD. Their fees differ too: 0.98% for HURA.TO and 0.45% for TQGM.TO.