IQD.TO vs. TBNK.TO
IQD.TO (CI International Quality Dividend Growth Index ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. Over the past 3 years, IQD.TO returned 10.30%/yr vs 35.65%/yr for TBNK.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
IQD.TO vs. TBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IQD.TO achieves a 8.20% return, which is significantly lower than TBNK.TO's 32.04% return.
IQD.TO
- 1D
- 0.23%
- 1M
- 2.60%
- YTD
- 8.20%
- 6M
- 7.85%
- 1Y
- 16.35%
- 3Y*
- 10.30%
- 5Y*
- 6.87%
- 10Y*
- —
TBNK.TO
- 1D
- 0.86%
- 1M
- 11.21%
- YTD
- 32.04%
- 6M
- 31.50%
- 1Y
- 69.10%
- 3Y*
- 35.65%
- 5Y*
- —
- 10Y*
- —
IQD.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IQD.TO CI International Quality Dividend Growth Index ETF | 8.20% | 12.84% | 4.33% | 5.60% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 32.04% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between IQD.TO and TBNK.TO is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.53 |
The correlation between IQD.TO and TBNK.TO has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
IQD.TO vs. TBNK.TO — Risk / Return Rank
IQD.TO
TBNK.TO
IQD.TO vs. TBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI International Quality Dividend Growth Index ETF (IQD.TO) and TD Canadian Bank Dividend Index ETF (TBNK.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.
| IQD.TO | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.27 | ||
| Sortino ratioReturn per unit of downside risk | -5.71 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.99 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 8.42 | -6.82 |
| Martin ratioReturn relative to average drawdown | 5.68 | 36.53 | -30.85 |
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Drawdowns
IQD.TO vs. TBNK.TO - Drawdown Comparison
The maximum IQD.TO drawdown since its inception was -30.69%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for IQD.TO and TBNK.TO.
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Drawdown Indicators
| IQD.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -15.03% | -15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -8.25% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -15.03% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -2.39% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.90% | +0.98% |
Volatility
IQD.TO vs. TBNK.TO - Volatility Comparison
CI International Quality Dividend Growth Index ETF (IQD.TO) has a higher volatility of 4.32% compared to TD Canadian Bank Dividend Index ETF (TBNK.TO) at 2.97%. This indicates that IQD.TO's price experiences larger fluctuations and is considered to be riskier than TBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQD.TO | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 2.97% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 11.25% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 12.87% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 12.80% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 12.80% | +2.61% |
Dividends
IQD.TO vs. TBNK.TO - Dividend Comparison
IQD.TO's dividend yield for the trailing twelve months is around 2.37%, more than TBNK.TO's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IQD.TO CI International Quality Dividend Growth Index ETF | 2.37% | 3.08% | 1.38% | 1.66% | 4.21% | 2.19% | 1.24% | 1.79% | 2.10% | 1.12% | 0.48% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.22% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQD.TO and TBNK.TO have a correlation of 0.54, 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: CI and TD.
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