QDX.TO vs. TILV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Mackenzie International Equity Index ETF (QDX.TO) and TD Q International Low Volatility ETF (TILV.TO).

QDX.TO and TILV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDX.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index. It was launched on Jan 24, 2018. TILV.TO is an actively managed fund by TD. It was launched on May 7, 2019.

Performance

QDX.TO vs. TILV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie International Equity Index ETF (QDX.TO) and TD Q International Low Volatility ETF (TILV.TO). The values are adjusted to include any dividend payments, if applicable.

QDX.TO vs. TILV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QDX.TO Mackenzie International Equity Index ETF	2.63%	25.29%	12.93%	13.66%	-8.61%	11.24%	5.06%	7.11%
TILV.TO TD Q International Low Volatility ETF	9.13%	19.69%	13.19%	8.85%	-4.94%	14.06%	-5.88%	4.32%

Returns By Period

In the year-to-date period, QDX.TO achieves a 2.63% return, which is significantly lower than TILV.TO's 9.13% return.

QDX.TO

• 1D: 3.07%
• 1M: -5.76%
• YTD: 2.63%
• 6M: 5.86%
• 1Y: 19.56%
• 3Y*: 15.55%
• 5Y*: 10.13%
• 10Y*: —

TILV.TO

• 1D: 1.91%
• 1M: -2.20%
• YTD: 9.13%
• 6M: 11.75%
• 1Y: 18.26%
• 3Y*: 15.30%
• 5Y*: 11.23%
• 10Y*: —

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

QDX.TO vs. TILV.TO - Expense Ratio Comparison

QDX.TO has a 0.17% expense ratio, which is lower than TILV.TO's 0.40% expense ratio.

TILV.TO

TD Q International Low Volatility ETF

QDX.TO

Mackenzie International Equity Index ETF

Return for Risk

QDX.TO vs. TILV.TO — Risk / Return Rank

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

QDX.TO

QDX.TO Risk / Return Rank: 64
QDX.TO Sharpe Ratio Rank: 64
QDX.TO Sortino Ratio Rank: 65
QDX.TO Omega Ratio Rank: 63
QDX.TO Calmar Ratio Rank: 65
QDX.TO Martin Ratio Rank: 63

TILV.TO

TILV.TO Risk / Return Rank: 81
TILV.TO Sharpe Ratio Rank: 81
TILV.TO Sortino Ratio Rank: 81
TILV.TO Omega Ratio Rank: 78
TILV.TO Calmar Ratio Rank: 82
TILV.TO Martin Ratio Rank: 82

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.

QDX.TO vs. TILV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie International Equity Index ETF (QDX.TO) and TD Q International Low Volatility ETF (TILV.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.

	QDX.TO	TILV.TO	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.59	-0.43
Sortino ratio Return per unit of downside risk	1.68	2.14	-0.45
Omega ratio Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio Return relative to maximum drawdown	1.68	2.42	-0.74
Martin ratio Return relative to average drawdown	6.49	9.39	-2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDX.TO vs. TILV.TO - Sharpe Ratio Comparison

The current QDX.TO Sharpe Ratio is 1.16, which is comparable to the TILV.TO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of QDX.TO and TILV.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.

Sharpe Ratios by Period

	QDX.TO	TILV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.59	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	1.14	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.71	-0.19

Correlation

The correlation between QDX.TO and TILV.TO is 0.40, 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

QDX.TO vs. TILV.TO - Dividend Comparison

QDX.TO's dividend yield for the trailing twelve months is around 2.82%, less than TILV.TO's 2.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QDX.TO Mackenzie International Equity Index ETF	2.82%	2.51%	2.48%	2.61%	2.73%	2.25%	1.91%	2.76%	3.03%
TILV.TO TD Q International Low Volatility ETF	2.89%	3.08%	3.34%	3.51%	2.81%	2.78%	2.99%	2.10%	0.00%

Drawdowns

QDX.TO vs. TILV.TO - Drawdown Comparison

The maximum QDX.TO drawdown since its inception was -28.08%, which is greater than TILV.TO's maximum drawdown of -26.64%. Use the drawdown chart below to compare losses from any high point for QDX.TO and TILV.TO.

Drawdown Indicators

	QDX.TO	TILV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-28.08%	-26.64%	-1.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-7.21%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-23.00%	-16.32%	-6.68%
Current Drawdown Current decline from peak	-6.59%	-2.20%	-4.39%
Average Drawdown Average peak-to-trough decline	-4.59%	-4.31%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.96%	+0.97%

Volatility

QDX.TO vs. TILV.TO - Volatility Comparison

Mackenzie International Equity Index ETF (QDX.TO) has a higher volatility of 7.54% compared to TD Q International Low Volatility ETF (TILV.TO) at 5.49%. This indicates that QDX.TO's price experiences larger fluctuations and is considered to be riskier than TILV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDX.TO	TILV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.54%	5.49%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	7.79%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	11.51%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.72%	9.90%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	11.57%	+3.86%