TCLB.TO vs. TQGD.TO
Compare and contrast key facts about TD Canadian Long Term Federal Bond ETF (TCLB.TO) and TD Q Global Dividend ETF (TQGD.TO).
TCLB.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. TCLB.TO is a passively managed fund by TD that tracks the performance of the FTSE Canada Long Term Federal Bond Index. It was launched on Nov 19, 2019. 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 TCLB.TO 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
TCLB.TO vs. TQGD.TO - Performance Comparison
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TCLB.TO vs. TQGD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TCLB.TO TD Canadian Long Term Federal Bond ETF | -0.43% | -3.46% | -1.09% | 6.70% | -18.75% | -7.23% | 10.77% | -1.73% |
TQGD.TO TD Q Global Dividend ETF | 3.16% | 16.45% | 17.65% | 15.06% | 1.03% | 21.14% | -5.84% | 0.43% |
Returns By Period
In the year-to-date period, TCLB.TO achieves a -0.43% return, which is significantly lower than TQGD.TO's 3.16% return.
TCLB.TO
- 1D
- -1.07%
- 1M
- -3.31%
- YTD
- -0.43%
- 6M
- -2.67%
- 1Y
- -7.08%
- 3Y*
- -0.78%
- 5Y*
- -3.13%
- 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*
- —
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TCLB.TO vs. TQGD.TO - Expense Ratio Comparison
TCLB.TO has a 0.23% expense ratio, which is lower than TQGD.TO's 0.44% expense ratio.
Return for Risk
TCLB.TO vs. TQGD.TO — Risk / Return Rank
TCLB.TO
TQGD.TO
TCLB.TO vs. TQGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Canadian Long Term Federal Bond ETF (TCLB.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.
| TCLB.TO | TQGD.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.72 | 1.20 | -1.92 |
Sortino ratioReturn per unit of downside risk | -0.90 | 1.61 | -2.51 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.25 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.34 | -1.99 |
Martin ratioReturn relative to average drawdown | -1.05 | 5.96 | -7.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCLB.TO | TQGD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | 1.20 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 1.07 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.72 | -0.73 |
Correlation
The correlation between TCLB.TO and TQGD.TO is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TCLB.TO vs. TQGD.TO - Dividend Comparison
TCLB.TO's dividend yield for the trailing twelve months is around 3.34%, more than TQGD.TO's 2.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TCLB.TO TD Canadian Long Term Federal Bond ETF | 3.34% | 3.25% | 2.94% | 2.33% | 1.48% | 0.16% | 0.20% | 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
TCLB.TO vs. TQGD.TO - Drawdown Comparison
The maximum TCLB.TO drawdown since its inception was -87.04%, which is greater than TQGD.TO's maximum drawdown of -30.22%. Use the drawdown chart below to compare losses from any high point for TCLB.TO and TQGD.TO.
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Drawdown Indicators
| TCLB.TO | TQGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.04% | -30.22% | -56.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | -12.80% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -85.33% | -15.52% | -69.81% |
Current DrawdownCurrent decline from peak | -28.61% | -2.90% | -25.71% |
Average DrawdownAverage peak-to-trough decline | -24.86% | -3.96% | -20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 2.87% | +3.13% |
Volatility
TCLB.TO vs. TQGD.TO - Volatility Comparison
The current volatility for TD Canadian Long Term Federal Bond ETF (TCLB.TO) is 3.11%, while TD Q Global Dividend ETF (TQGD.TO) has a volatility of 3.99%. This indicates that TCLB.TO 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
| TCLB.TO | TQGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.99% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 7.72% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 14.81% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 252.27% | 12.00% | +240.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 239.37% | 14.76% | +224.61% |