MIVG.TO vs. TEQT.TO
MIVG.TO (Mackenzie Ivy Global Equity ETF) and TEQT.TO (TD All-Equity ETF Portfolio) are both Global Equities funds. MIVG.TO is actively managed, while TEQT.TO is passively managed. Over the past year, MIVG.TO returned 9.96% vs 27.68% for TEQT.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. TEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MIVG.TO achieves a 4.03% return, which is significantly lower than TEQT.TO's 13.62% return.
MIVG.TO
- 1D
- 0.52%
- 1M
- 2.75%
- 6M
- 1.92%
- YTD
- 4.03%
- 1Y
- 9.96%
- 3Y*
- 13.54%
- 5Y*
- 8.69%
- 10Y*
- —
TEQT.TO
- 1D
- 0.18%
- 1M
- 0.74%
- 6M
- 10.11%
- YTD
- 13.62%
- 1Y
- 27.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MIVG.TO vs. TEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 4.03% | 12.71% |
TEQT.TO TD All-Equity ETF Portfolio | 13.62% | 27.28% |
Correlation
The correlation between MIVG.TO and TEQT.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.43 |
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Return for Risk
MIVG.TO vs. TEQT.TO — Risk / Return Rank
MIVG.TO
TEQT.TO
MIVG.TO vs. TEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.TO) and TD All-Equity ETF Portfolio (TEQT.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.
| MIVG.TO | TEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 3.65 | -2.84 |
| Martin ratioReturn relative to average drawdown | 2.31 | 14.58 | -12.27 |
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Drawdowns
MIVG.TO vs. TEQT.TO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, which is greater than TEQT.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and TEQT.TO.
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Drawdown Indicators
| MIVG.TO | TEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -7.62% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -7.62% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.52% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -1.00% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.90% | +1.81% |
Volatility
MIVG.TO vs. TEQT.TO - Volatility Comparison
Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.64% compared to TD All-Equity ETF Portfolio (TEQT.TO) at 3.08%. This indicates that MIVG.TO's price experiences larger fluctuations and is considered to be riskier than TEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIVG.TO | TEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.08% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.61% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 11.84% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 12.32% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 12.32% | +1.10% |
Dividends
MIVG.TO vs. TEQT.TO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, less than TEQT.TO's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 0.63% | 0.66% | 0.54% | 1.17% | 1.11% | 0.59% | 0.86% | 1.18% | 0.91% | 0.04% |
TEQT.TO TD All-Equity ETF Portfolio | 1.25% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MIVG.TO and TEQT.TO have a correlation of 0.45, 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: Mackenzie and TD.
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