IGB.TO vs. TGFI.TO
IGB.TO (Purpose Global Bond Class) and TGFI.TO (TD Active Global Income ETF) are both Global Bonds funds. Both are actively managed. Over the past 5 years, IGB.TO returned 2.38%/yr vs 0.78%/yr for TGFI.TO. At a 0.20 correlation, their price movements are largely independent. IGB.TO charges 0.55%/yr vs 0.75%/yr for TGFI.TO.
Performance
IGB.TO vs. TGFI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IGB.TO achieves a -0.32% return, which is significantly lower than TGFI.TO's -0.11% return.
IGB.TO
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -0.65%
- YTD
- -0.32%
- 1Y
- 1.77%
- 3Y*
- 5.79%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 2.74%
TGFI.TO
- 1D
- 0.05%
- 1M
- -0.65%
- 6M
- -0.50%
- YTD
- -0.11%
- 1Y
- 2.77%
- 3Y*
- 4.89%
- 5Y*
- 0.78%
- 10Y*
- —
- ALL TIME*
- 1.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$95.58K | CA$158.59K | CA$295.38K | |
TGFI.TO TD Active Global Income ETF | CA$64.72K | CA$98.40K | CA$83.41K |
IGB.TO vs. TGFI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | -0.32% | 6.05% | 7.47% | 7.40% | -7.68% | 2.50% | 6.12% | 0.45% |
TGFI.TO TD Active Global Income ETF | -0.11% | 5.71% | 4.24% | 8.24% | -14.35% | 2.16% | 2.60% | 0.86% |
Correlation
The correlation between IGB.TO and TGFI.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2019 | 0.20 |
Over the past year, IGB.TO and TGFI.TO have become more correlated (0.43) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
IGB.TO vs. TGFI.TO — Risk / Return Rank
IGB.TO
TGFI.TO
IGB.TO vs. TGFI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Class (IGB.TO) and TD Active Global Income ETF (TGFI.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.
| IGB.TO | TGFI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.91 | -0.29 |
| Martin ratioReturn relative to average drawdown | 2.16 | 2.74 | -0.58 |
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Drawdowns
IGB.TO vs. TGFI.TO - Drawdown Comparison
The maximum IGB.TO drawdown since its inception was -16.40%, smaller than the maximum TGFI.TO drawdown of -22.03%. Use the drawdown chart below to compare losses from any high point for IGB.TO and TGFI.TO.
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Drawdown Indicators
| IGB.TO | TGFI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -22.03% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.07% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -4.52% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | -17.25% | +4.91% |
Current DrawdownCurrent decline from peak | -1.60% | -1.71% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -5.38% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.01% | -0.19% |
Volatility
IGB.TO vs. TGFI.TO - Volatility Comparison
The current volatility for Purpose Global Bond Class (IGB.TO) is 0.73%, while TD Active Global Income ETF (TGFI.TO) has a volatility of 0.85%. This indicates that IGB.TO experiences smaller price fluctuations and is considered to be less risky than TGFI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGB.TO | TGFI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.85% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.81% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 3.86% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 6.51% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 9.50% | -3.75% |
IGB.TO vs. TGFI.TO - Expense Ratio Comparison
IGB.TO has a 0.55% expense ratio, which is lower than TGFI.TO's 0.75% expense ratio.
Dividends
IGB.TO vs. TGFI.TO - Dividend Comparison
IGB.TO's dividend yield for the trailing twelve months is around 4.86%, less than TGFI.TO's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | 4.86% | 5.18% | 5.23% | 4.58% | 4.14% | 3.67% | 3.48% | 2.86% | 1.58% |
TGFI.TO TD Active Global Income ETF | 5.15% | 5.31% | 5.92% | 5.82% | 4.38% | 3.93% | 3.11% | 0.26% | 0.00% |
Frequently Asked Questions
IGB.TO and TGFI.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGB.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGB.TO is cheaper with a 0.55% expense ratio, compared with 0.75% for TGFI.TO.
They also come from different issuers: Purpose Investments Inc. and TD. Their fees differ too: 0.55% for IGB.TO and 0.75% for TGFI.TO.
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