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TCON.TO vs. TGED.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TCON.TO vs. TGED.TO

Last updated Jun 4, 2026

TCON.TO (TD Conservative ETF Portfolio) and TGED.TO (TD Active Global Enhanced Dividend ETF) are both exchange-traded funds - TCON.TO is a Diversified Portfolio fund actively managed by TD, while TGED.TO is a Global Equity Income fund actively managed by TD. Both are actively managed. Over the past 5 years, TCON.TO returned 5.86%/yr vs 17.21%/yr for TGED.TO. At a 0.37 correlation, their price movements are largely independent.

Performance

TCON.TO vs. TGED.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, TCON.TO achieves a 5.47% return, which is significantly lower than TGED.TO's 18.74% return.

TCON.TO

1D
-0.12%
1M
3.36%
YTD
5.47%
6M
5.16%
1Y
13.36%
3Y*
10.64%
5Y*
5.86%
10Y*
—

TGED.TO

1D
0.46%
1M
7.40%
YTD
18.74%
6M
16.61%
1Y
30.23%
3Y*
26.09%
5Y*
17.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TCON.TO vs. TGED.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TCON.TO
TD Conservative ETF Portfolio		5.47%10.47%9.68%11.95%-12.34%5.71%2.79%
TGED.TO
TD Active Global Enhanced Dividend ETF		18.74%10.63%38.60%23.33%-14.27%20.42%9.06%

Correlation

The correlation between TCON.TO and TGED.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Aug 26, 2020

0.37

Over the past year, TCON.TO and TGED.TO have become more correlated (0.69) than their long-term average of 0.37, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Conservative ETF Portfolio

TD Active Global Enhanced Dividend ETF

Often compared with TCON.TO:
TCON.TO vs. HBAL.TOTCON.TO vs. ZESG.TOTCON.TO vs. CSBG.NEOTCON.TO vs. PYF.TOTCON.TO vs. FCNSXTCON.TO vs. XTR.TOTCON.TO vs. CEQT.TO
Often compared with TGED.TO:
TGED.TO vs. TEC.TOTGED.TO vs. TQGD.TOTGED.TO vs. TPU.TOTGED.TO vs. TQCD.TOTGED.TO vs. EFASTGED.TO vs. XEQT.TOTGED.TO vs. TEQT.TO

Return for Risk

TCON.TO vs. TGED.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TCON.TO
TCON.TO Risk / Return Rank: 6363
Overall Rank
TCON.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
TCON.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
TCON.TO Omega Ratio Rank: 6969
Omega Ratio Rank
TCON.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
TCON.TO Martin Ratio Rank: 6363
Martin Ratio Rank
TGED.TO
TGED.TO Risk / Return Rank: 5555
Overall Rank
TGED.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
TGED.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
TGED.TO Omega Ratio Rank: 5353
Omega Ratio Rank
TGED.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
TGED.TO Martin Ratio Rank: 5858
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.

TCON.TO vs. TGED.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) and TD Active Global Enhanced Dividend ETF (TGED.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.

TCON.TOTGED.TODifference
Sharpe ratioReturn per unit of total volatility
2.13
1.88

+0.24

Sortino ratioReturn per unit of downside risk
3.06
2.61

+0.45

Omega ratioGain probability vs. loss probability

1.41

1.33

+0.07

Calmar ratioReturn relative to maximum drawdown

2.65

2.82

-0.18

Martin ratioReturn relative to average drawdown

11.37

10.39

+0.98

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

TCON.TO vs. TGED.TO - Sharpe Ratio Comparison

The current TCON.TO Sharpe Ratio is 2.13, which is comparable to the TGED.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of TCON.TO and TGED.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TCON.TOTGED.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

1.88

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

1.10

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

1.02

-0.29

Drawdowns

TCON.TO vs. TGED.TO - Drawdown Comparison

The maximum TCON.TO drawdown since its inception was -16.43%, smaller than the maximum TGED.TO drawdown of -26.19%. Use the drawdown chart below to compare losses from any high point for TCON.TO and TGED.TO.

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Drawdown Indicators

TCON.TOTGED.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.43%

-26.19%

+9.76%

Max Drawdown (1Y)

Largest decline over 1 year

-5.06%

-10.76%

+5.70%

Max Drawdown (3Y)

Largest decline over 3 years

-6.18%

-19.41%

+13.23%

Max Drawdown (5Y)

Largest decline over 5 years

-16.43%

-23.05%

+6.62%

Current Drawdown

Current decline from peak

-0.12%

-1.05%

+0.93%

Average Drawdown

Average peak-to-trough decline

-3.74%

-4.66%

+0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.18%

2.92%

-1.74%

Volatility

TCON.TO vs. TGED.TO - Volatility Comparison

The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.98%, while TD Active Global Enhanced Dividend ETF (TGED.TO) has a volatility of 6.39%. This indicates that TCON.TO experiences smaller price fluctuations and is considered to be less risky than TGED.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TCON.TOTGED.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.98%

6.39%

-4.41%

Volatility (6M)

Calculated over the trailing 6-month period

5.27%

13.28%

-8.01%

Volatility (1Y)

Calculated over the trailing 1-year period

6.30%

16.12%

-9.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.78%

15.78%

-8.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.56%

16.78%

-9.22%

Dividends

TCON.TO vs. TGED.TO - Dividend Comparison

TCON.TO's dividend yield for the trailing twelve months is around 2.62%, less than TGED.TO's 3.31% yield.

PositionTTM2025202420232022202120202019
TCON.TO
TD Conservative ETF Portfolio		2.62%2.88%3.48%3.27%2.69%1.87%1.03%0.00%
TGED.TO
TD Active Global Enhanced Dividend ETF		3.31%3.79%3.01%3.97%4.70%3.44%3.63%2.54%

Frequently Asked Questions

TCON.TO and TGED.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TCON.TO is categorized as Diversified Portfolio, while TGED.TO is Global Equity Income.

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