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MDIV vs. TQGD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MDIV vs. TQGD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Multi-Asset Diversified Income Index Fund (MDIV) and TD Q Global Dividend ETF (TQGD.TO).

MDIV and TQGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Multi-Asset Diversified Income Index. It was launched on Aug 14, 2012. TQGD.TO is a passively managed fund by TD that tracks the performance of the MSCI World Index (Total Return). It was launched on Nov 20, 2019. Both MDIV and TQGD.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MDIV vs. TQGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi-Asset Diversified Income Index Fund (MDIV) and TD Q Global Dividend ETF (TQGD.TO). The values are adjusted to include any dividend payments, if applicable.

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MDIV vs. TQGD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MDIV
First Trust Multi-Asset Diversified Income Index Fund		4.59%3.77%10.05%11.50%-3.86%16.51%-14.84%3.10%
TQGD.TO
TD Q Global Dividend ETF		1.62%22.03%8.36%17.68%-5.73%22.03%-3.96%2.80%
Different Trading Currencies

MDIV is traded in USD, while TQGD.TO is traded in CAD. To make them comparable, the TQGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MDIV achieves a 4.59% return, which is significantly higher than TQGD.TO's 1.62% return.

MDIV

1D
0.56%
1M
-1.47%
YTD
4.59%
6M
4.22%
1Y
5.41%
3Y*
10.12%
5Y*
6.28%
10Y*
5.01%

TQGD.TO

1D
1.90%
1M
-4.33%
YTD
1.62%
6M
4.91%
1Y
20.88%
3Y*
14.85%
5Y*
10.45%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Multi-Asset Diversified Income Index Fund

TD Q Global Dividend ETF

Often compared with MDIV:
MDIV vs. IYLDMDIV vs. HNDLMDIV vs. HYINMDIV vs. GAAMDIV vs. PCEFMDIV vs. AOAMDIV vs. AOR
Often compared with TQGD.TO:
TQGD.TO vs. TQCD.TOTQGD.TO vs. TGFI.TOTQGD.TO vs. TGED.TOTQGD.TO vs. ZDI.TOTQGD.TO vs. TEC.TOTQGD.TO vs. SCHDTQGD.TO vs. ACWI

MDIV vs. TQGD.TO - Expense Ratio Comparison

MDIV has a 0.73% expense ratio, which is higher than TQGD.TO's 0.44% expense ratio.

MDIV
First Trust Multi-Asset Diversified Income Index Fund
TQGD.TO
TD Q Global Dividend ETF

Return for Risk

MDIV vs. TQGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MDIV
MDIV Risk / Return Rank: 3030
Overall Rank
MDIV Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
MDIV Sortino Ratio Rank: 2929
Sortino Ratio Rank
MDIV Omega Ratio Rank: 3030
Omega Ratio Rank
MDIV Calmar Ratio Rank: 2828
Calmar Ratio Rank
MDIV Martin Ratio Rank: 3131
Martin Ratio Rank
TQGD.TO
TQGD.TO Risk / Return Rank: 6161
Overall Rank
TQGD.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
TQGD.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
TQGD.TO Omega Ratio Rank: 6565
Omega Ratio Rank
TQGD.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
TQGD.TO Martin Ratio Rank: 6262
Martin Ratio Rank
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.

MDIV vs. TQGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Asset Diversified Income Index Fund (MDIV) 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.

MDIVTQGD.TODifference

Sharpe ratio

Return per unit of total volatility

0.56

1.38

-0.82

Sortino ratio

Return per unit of downside risk

0.80

1.90

-1.10

Omega ratio

Gain probability vs. loss probability

1.12

1.29

-0.17

Calmar ratio

Return relative to maximum drawdown

0.64

1.67

-1.02

Martin ratio

Return relative to average drawdown

2.58

8.52

-5.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDIV vs. TQGD.TO - Sharpe Ratio Comparison

The current MDIV Sharpe Ratio is 0.56, which is lower than the TQGD.TO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of MDIV and TQGD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

MDIVTQGD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

1.38

-0.82

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.73

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.55

-0.22

Correlation

The correlation between MDIV and TQGD.TO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MDIV vs. TQGD.TO - Dividend Comparison

MDIV's dividend yield for the trailing twelve months is around 6.30%, more than TQGD.TO's 2.90% yield.

TTM20252024202320222021202020192018201720162015
MDIV
First Trust Multi-Asset Diversified Income Index Fund		6.30%6.51%6.40%6.08%6.71%5.30%6.00%5.90%6.76%6.04%6.35%7.38%
TQGD.TO
TD Q Global Dividend ETF		2.90%2.89%3.38%3.65%3.89%3.40%4.85%0.36%0.00%0.00%0.00%0.00%

Drawdowns

MDIV vs. TQGD.TO - Drawdown Comparison

The maximum MDIV drawdown since its inception was -48.50%, which is greater than TQGD.TO's maximum drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for MDIV and TQGD.TO.

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Drawdown Indicators

MDIVTQGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.50%

-30.22%

-18.28%

Max Drawdown (1Y)

Largest decline over 1 year

-8.84%

-12.80%

+3.96%

Max Drawdown (5Y)

Largest decline over 5 years

-13.02%

-15.52%

+2.50%

Max Drawdown (10Y)

Largest decline over 10 years

-48.50%

—

—

Current Drawdown

Current decline from peak

-2.25%

-3.10%

+0.85%

Average Drawdown

Average peak-to-trough decline

-4.64%

-3.96%

-0.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.88%

-0.68%

Volatility

MDIV vs. TQGD.TO - Volatility Comparison

The current volatility for First Trust Multi-Asset Diversified Income Index Fund (MDIV) is 2.11%, while TD Q Global Dividend ETF (TQGD.TO) has a volatility of 4.30%. This indicates that MDIV experiences smaller price fluctuations and is considered to be less risky 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

MDIVTQGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.11%

4.30%

-2.19%

Volatility (6M)

Calculated over the trailing 6-month period

4.82%

7.96%

-3.14%

Volatility (1Y)

Calculated over the trailing 1-year period

9.73%

15.24%

-5.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.02%

14.47%

-3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.27%

17.52%

-2.25%