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TCLV.TO vs. TQCD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TCLV.TO vs. TQCD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Q Canadian Low Volatility ETF (TCLV.TO) and TD Q Canadian Dividend ETF (TQCD.TO).

TCLV.TO and TQCD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCLV.TO is an actively managed fund by TD. It was launched on May 26, 2020. TQCD.TO is an actively managed fund by TD. It was launched on Nov 20, 2019.

Performance

TCLV.TO vs. TQCD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Canadian Low Volatility ETF (TCLV.TO) and TD Q Canadian Dividend ETF (TQCD.TO). The values are adjusted to include any dividend payments, if applicable.

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TCLV.TO vs. TQCD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TCLV.TO
TD Q Canadian Low Volatility ETF		0.94%24.55%17.71%2.95%-0.91%23.83%7.13%
TQCD.TO
TD Q Canadian Dividend ETF		7.36%33.11%22.27%12.29%1.68%26.29%12.28%

Returns By Period

In the year-to-date period, TCLV.TO achieves a 0.94% return, which is significantly lower than TQCD.TO's 7.36% return.

TCLV.TO

1D
1.26%
1M
-2.53%
YTD
0.94%
6M
6.13%
1Y
17.25%
3Y*
13.52%
5Y*
11.49%
10Y*
—

TQCD.TO

1D
1.87%
1M
-2.72%
YTD
7.36%
6M
15.97%
1Y
38.76%
3Y*
23.13%
5Y*
17.71%
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 Q Canadian Low Volatility ETF

TD Q Canadian Dividend ETF

Often compared with TCLV.TO:
TCLV.TO vs. XMV.TOTCLV.TO vs. ZLB.TOTCLV.TO vs. TULV.TOTCLV.TO vs. TEQT.TOTCLV.TO vs. XDIV.TOTCLV.TO vs. XCV.TOTCLV.TO vs. FXM.TO
Often compared with TQCD.TO:
TQCD.TO vs. VDY.TOTQCD.TO vs. XDIV.TOTQCD.TO vs. TTP.TOTQCD.TO vs. XIC.TOTQCD.TO vs. HDIV.TOTQCD.TO vs. SCHDTQCD.TO vs. CEW.TO

TCLV.TO vs. TQCD.TO - Expense Ratio Comparison

TCLV.TO has a 0.33% expense ratio, which is lower than TQCD.TO's 0.39% expense ratio.

TQCD.TO
TD Q Canadian Dividend ETF
TCLV.TO
TD Q Canadian Low Volatility ETF

Return for Risk

TCLV.TO vs. TQCD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TCLV.TO
TCLV.TO Risk / Return Rank: 9090
Overall Rank
TCLV.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
TCLV.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
TCLV.TO Omega Ratio Rank: 8888
Omega Ratio Rank
TCLV.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
TCLV.TO Martin Ratio Rank: 9393
Martin Ratio Rank
TQCD.TO
TQCD.TO Risk / Return Rank: 9797
Overall Rank
TQCD.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
TQCD.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
TQCD.TO Omega Ratio Rank: 9797
Omega Ratio Rank
TQCD.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
TQCD.TO Martin Ratio Rank: 9797
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.

TCLV.TO vs. TQCD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Low Volatility ETF (TCLV.TO) and TD Q Canadian Dividend ETF (TQCD.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.

TCLV.TOTQCD.TODifference

Sharpe ratio

Return per unit of total volatility

1.83

3.01

-1.18

Sortino ratio

Return per unit of downside risk

2.62

3.72

-1.10

Omega ratio

Gain probability vs. loss probability

1.37

1.62

-0.26

Calmar ratio

Return relative to maximum drawdown

2.93

3.72

-0.78

Martin ratio

Return relative to average drawdown

13.78

19.47

-5.69

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

TCLV.TO vs. TQCD.TO - Sharpe Ratio Comparison

The current TCLV.TO Sharpe Ratio is 1.83, which is lower than the TQCD.TO Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of TCLV.TO and TQCD.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

TCLV.TOTQCD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

3.01

-1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.21

1.45

-0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

1.30

0.70

+0.60

Correlation

The correlation between TCLV.TO and TQCD.TO is 0.55, 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

TCLV.TO vs. TQCD.TO - Dividend Comparison

TCLV.TO's dividend yield for the trailing twelve months is around 1.92%, less than TQCD.TO's 2.88% yield.

TTM2025202420232022202120202019
TCLV.TO
TD Q Canadian Low Volatility ETF		1.92%1.89%2.68%3.15%2.84%2.64%1.59%0.00%
TQCD.TO
TD Q Canadian Dividend ETF		2.88%2.95%3.47%3.73%4.03%4.09%6.20%0.39%

Drawdowns

TCLV.TO vs. TQCD.TO - Drawdown Comparison

The maximum TCLV.TO drawdown since its inception was -15.27%, smaller than the maximum TQCD.TO drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TCLV.TO and TQCD.TO.

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Drawdown Indicators

TCLV.TOTQCD.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.27%

-46.47%

+31.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.37%

-10.74%

+4.37%

Max Drawdown (5Y)

Largest decline over 5 years

-15.27%

-15.65%

+0.38%

Current Drawdown

Current decline from peak

-2.77%

-3.29%

+0.52%

Average Drawdown

Average peak-to-trough decline

-3.13%

-6.14%

+3.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.36%

2.05%

-0.69%

Volatility

TCLV.TO vs. TQCD.TO - Volatility Comparison

The current volatility for TD Q Canadian Low Volatility ETF (TCLV.TO) is 3.66%, while TD Q Canadian Dividend ETF (TQCD.TO) has a volatility of 4.71%. This indicates that TCLV.TO experiences smaller price fluctuations and is considered to be less risky than TQCD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TCLV.TOTQCD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

4.71%

-1.05%

Volatility (6M)

Calculated over the trailing 6-month period

6.28%

8.41%

-2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

9.54%

12.98%

-3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.56%

12.25%

-2.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.81%

19.63%

-9.82%