PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TBAL.TO vs. TQGD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TBAL.TO vs. TQGD.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD Balanced ETF Portfolio (TBAL.TO) and TD Q Global Dividend ETF (TQGD.TO).

TBAL.TO 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. TBAL.TO is an actively managed fund by TD. It was launched on Aug 11, 2020. 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.

Performance

TBAL.TO vs. TQGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Balanced ETF Portfolio (TBAL.TO) and TD Q Global Dividend ETF (TQGD.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

TBAL.TO vs. TQGD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TBAL.TO
TD Balanced ETF Portfolio		0.85%13.83%16.01%15.85%-12.63%12.93%5.05%
TQGD.TO
TD Q Global Dividend ETF		3.16%16.45%17.65%15.06%1.03%21.14%7.86%

Returns By Period

In the year-to-date period, TBAL.TO achieves a 0.85% return, which is significantly lower than TQGD.TO's 3.16% return.

TBAL.TO

1D
0.52%
1M
-2.66%
YTD
0.85%
6M
2.47%
1Y
13.52%
3Y*
13.00%
5Y*
8.34%
10Y*
—

TQGD.TO

1D
0.21%
1M
-2.37%
YTD
3.16%
6M
4.06%
1Y
17.63%
3Y*
16.02%
5Y*
12.79%
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.

TD Balanced ETF Portfolio

TD Q Global Dividend ETF

Often compared with TBAL.TO:
TBAL.TO vs. TGRO.TOTBAL.TO vs. VBAL.TOTBAL.TO vs. XBAL.TOTBAL.TO vs. TEQT.TOTBAL.TO vs. VDY.TOTBAL.TO vs. HDIV.TOTBAL.TO vs. VCNS.TO
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

TBAL.TO vs. TQGD.TO - Expense Ratio Comparison

TBAL.TO has a 0.15% expense ratio, which is lower than TQGD.TO's 0.44% expense ratio.

TQGD.TO
TD Q Global Dividend ETF
TBAL.TO
TD Balanced ETF Portfolio

Return for Risk

TBAL.TO vs. TQGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TBAL.TO
TBAL.TO Risk / Return Rank: 7373
Overall Rank
TBAL.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
TBAL.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
TBAL.TO Omega Ratio Rank: 7373
Omega Ratio Rank
TBAL.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
TBAL.TO Martin Ratio Rank: 7171
Martin Ratio Rank
TQGD.TO
TQGD.TO Risk / Return Rank: 5858
Overall Rank
TQGD.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
TQGD.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
TQGD.TO Omega Ratio Rank: 6565
Omega Ratio Rank
TQGD.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
TQGD.TO Martin Ratio Rank: 5656
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.

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

This table presents a comparison of risk-adjusted performance metrics for TD Balanced ETF Portfolio (TBAL.TO) 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.

TBAL.TOTQGD.TODifference

Sharpe ratio

Return per unit of total volatility

1.41

1.20

+0.21

Sortino ratio

Return per unit of downside risk

1.95

1.61

+0.34

Omega ratio

Gain probability vs. loss probability

1.28

1.25

+0.03

Calmar ratio

Return relative to maximum drawdown

1.88

1.34

+0.55

Martin ratio

Return relative to average drawdown

7.69

5.96

+1.72

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

TBAL.TO vs. TQGD.TO - Sharpe Ratio Comparison

The current TBAL.TO Sharpe Ratio is 1.41, which is comparable to the TQGD.TO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of TBAL.TO 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.

Loading graphics...

Sharpe Ratios by Period

TBAL.TOTQGD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

1.20

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

1.07

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.72

+0.26

Correlation

The correlation between TBAL.TO 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

TBAL.TO vs. TQGD.TO - Dividend Comparison

TBAL.TO's dividend yield for the trailing twelve months is around 2.49%, less than TQGD.TO's 2.89% yield.

TTM2025202420232022202120202019
TBAL.TO
TD Balanced ETF Portfolio		2.49%2.56%2.54%2.65%2.65%1.64%0.88%0.00%
TQGD.TO
TD Q Global Dividend ETF		2.89%2.89%3.38%3.65%3.89%3.40%4.85%0.36%

Drawdowns

TBAL.TO vs. TQGD.TO - Drawdown Comparison

The maximum TBAL.TO drawdown since its inception was -17.34%, smaller than the maximum TQGD.TO drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for TBAL.TO and TQGD.TO.

Loading graphics...

Drawdown Indicators

TBAL.TOTQGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.34%

-30.22%

+12.88%

Max Drawdown (1Y)

Largest decline over 1 year

-7.17%

-12.80%

+5.63%

Max Drawdown (5Y)

Largest decline over 5 years

-17.34%

-15.52%

-1.82%

Current Drawdown

Current decline from peak

-3.33%

-2.90%

-0.43%

Average Drawdown

Average peak-to-trough decline

-3.62%

-3.96%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

2.87%

-1.11%

Volatility

TBAL.TO vs. TQGD.TO - Volatility Comparison

TD Balanced ETF Portfolio (TBAL.TO) and TD Q Global Dividend ETF (TQGD.TO) have volatilities of 3.95% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

TBAL.TOTQGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

3.99%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

6.14%

7.72%

-1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

9.63%

14.81%

-5.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.02%

12.00%

-2.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.96%

14.76%

-5.80%