TDOC.TO vs. TCSH.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and TCSH.TO (TD Cash Management ETF) are both exchange-traded funds - TDOC.TO is a Health & Biotech Equities fund actively managed by TD, while TCSH.TO is a Ultrashort Bond fund actively managed by TD. Both are actively managed. Over the past year, TDOC.TO returned 12.75% vs 2.65% for TCSH.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
TDOC.TO vs. TCSH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TDOC.TO achieves a 0.57% return, which is significantly lower than TCSH.TO's 1.14% return.
TDOC.TO
- 1D
- 0.00%
- 1M
- 3.81%
- 6M
- -3.26%
- YTD
- 0.57%
- 1Y
- 12.75%
- 3Y*
- 6.84%
- 5Y*
- 5.10%
- 10Y*
- —
TCSH.TO
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 1.20%
- YTD
- 1.14%
- 1Y
- 2.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDOC.TO vs. TCSH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 0.57% | 8.36% | 3.25% |
TCSH.TO TD Cash Management ETF | 1.14% | 3.09% | 4.22% |
Correlation
The correlation between TDOC.TO and TCSH.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024 | 0.06 |
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Return for Risk
TDOC.TO vs. TCSH.TO — Risk / Return Rank
TDOC.TO
TCSH.TO
TDOC.TO vs. TCSH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Healthcare Leaders Index ETF (TDOC.TO) and TD Cash Management ETF (TCSH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TDOC.TO | TCSH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.11 | ||
| Sortino ratioReturn per unit of downside risk | -9.93 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 3.03 | -1.86 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 26.61 | -25.53 |
| Martin ratioReturn relative to average drawdown | 2.58 | 110.82 | -108.24 |
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Drawdowns
TDOC.TO vs. TCSH.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, which is greater than TCSH.TO's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and TCSH.TO.
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Drawdown Indicators
| TDOC.TO | TCSH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -0.54% | -16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -0.10% | -11.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | — | — |
Current DrawdownCurrent decline from peak | -4.61% | -0.00% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -0.01% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 0.02% | +4.92% |
Volatility
TDOC.TO vs. TCSH.TO - Volatility Comparison
TD Global Healthcare Leaders Index ETF (TDOC.TO) has a higher volatility of 5.09% compared to TD Cash Management ETF (TCSH.TO) at 0.08%. This indicates that TDOC.TO's price experiences larger fluctuations and is considered to be riskier than TCSH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDOC.TO | TCSH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.08% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 0.26% | +10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 0.44% | +13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 0.68% | +12.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 0.68% | +12.25% |
Dividends
TDOC.TO vs. TCSH.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, less than TCSH.TO's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TCSH.TO TD Cash Management ETF | 2.60% | 3.03% | 4.21% | 0.00% | 0.00% | 0.00% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% |
Frequently Asked Questions
TDOC.TO and TCSH.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDOC.TO is categorized as Health & Biotech Equities, while TCSH.TO is Ultrashort Bond.
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