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TDOC.TO vs. TPE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TDOC.TO vs. TPE.TO

Last updated Jul 16, 2026
Documentation

TDOC.TO (TD Global Healthcare Leaders Index ETF) and TPE.TO (TD International Equity Index ETF) are both exchange-traded funds - TDOC.TO is a Health & Biotech Equities fund actively managed by TD, while TPE.TO is a International Equity fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR). TDOC.TO is actively managed, while TPE.TO is passively managed. Over the past 5 years, TDOC.TO returned 5.10%/yr vs 11.52%/yr for TPE.TO. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

TDOC.TO vs. TPE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Global Healthcare Leaders Index ETF (TDOC.TO) and TD International Equity Index ETF (TPE.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, TDOC.TO achieves a 0.57% return, which is significantly lower than TPE.TO's 13.27% 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*
—

TPE.TO

1D
0.46%
1M
1.06%
6M
8.12%
YTD
13.27%
1Y
26.13%
3Y*
18.18%
5Y*
11.52%
10Y*
10.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TDOC.TO vs. TPE.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TDOC.TO
TD Global Healthcare Leaders Index ETF		0.57%8.36%10.24%1.71%-1.37%15.59%
TPE.TO
TD International Equity Index ETF		13.27%25.30%12.36%15.65%-9.18%5.18%

Correlation

The correlation between TDOC.TO and TPE.TO is 0.55, 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

0.55

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

0.55

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

0.54

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2021

0.53

The correlation between TDOC.TO and TPE.TO has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

TD Global Healthcare Leaders Index ETF

TD International Equity Index ETF

Often compared with TPE.TO:
TPE.TO vs. VIU.TOTPE.TO vs. XEF.TOTPE.TO vs. TPU.TOTPE.TO vs. ZEA.TOTPE.TO vs. VIDY.TOTPE.TO vs. GSIDTPE.TO vs. AVDV

Return for Risk

TDOC.TO vs. TPE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TDOC.TO
TDOC.TO Risk / Return Rank: 2828
Overall Rank
TDOC.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
TDOC.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
TDOC.TO Omega Ratio Rank: 2828
Omega Ratio Rank
TDOC.TO Calmar Ratio Rank: 2626
Calmar Ratio Rank
TDOC.TO Martin Ratio Rank: 2424
Martin Ratio Rank
TPE.TO
TPE.TO Risk / Return Rank: 6363
Overall Rank
TPE.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
TPE.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
TPE.TO Omega Ratio Rank: 6767
Omega Ratio Rank
TPE.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
TPE.TO Martin Ratio Rank: 6161
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.

TDOC.TO vs. TPE.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 International Equity Index ETF (TPE.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.TOTPE.TODifference
Sharpe ratioReturn per unit of total volatility
0.90
1.71

-0.81

Sortino ratioReturn per unit of downside risk
1.40
2.45

-1.05

Omega ratioGain probability vs. loss probability

1.16

1.32

-0.16

Calmar ratioReturn relative to maximum drawdown

1.09

2.31

-1.23

Martin ratioReturn relative to average drawdown

2.58

8.72

-6.14

TDOC.TO vs. TPE.TO - Sharpe Ratio Comparison

The current TDOC.TO Sharpe Ratio is 0.90, which is lower than the TPE.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of TDOC.TO and TPE.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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Drawdowns

TDOC.TO vs. TPE.TO - Drawdown Comparison

The maximum TDOC.TO drawdown since its inception was -17.52%, smaller than the maximum TPE.TO drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and TPE.TO.

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Drawdown Indicators

TDOC.TOTPE.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.52%

-27.42%

+9.90%

Max Drawdown (1Y)

Largest decline over 1 year

-11.77%

-11.35%

-0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-12.66%

-14.41%

+1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-17.52%

-24.81%

+7.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.42%

—

Current Drawdown

Current decline from peak

-4.61%

-1.77%

-2.84%

Average Drawdown

Average peak-to-trough decline

-4.82%

-4.37%

-0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.94%

3.00%

+1.94%

Volatility

TDOC.TO vs. TPE.TO - Volatility Comparison

TD Global Healthcare Leaders Index ETF (TDOC.TO) has a higher volatility of 5.09% compared to TD International Equity Index ETF (TPE.TO) at 3.13%. This indicates that TDOC.TO's price experiences larger fluctuations and is considered to be riskier than TPE.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.TOTPE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

3.13%

+1.96%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

13.21%

-2.48%

Volatility (1Y)

Calculated over the trailing 1-year period

14.24%

15.34%

-1.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.07%

14.11%

-1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.93%

14.68%

-1.75%

Dividends

TDOC.TO vs. TPE.TO - Dividend Comparison

TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, less than TPE.TO's 2.11% yield.

PositionTTM2025202420232022202120202019201820172016
TDOC.TO
TD Global Healthcare Leaders Index ETF		1.19%1.09%3.68%0.98%1.16%0.60%0.00%0.00%0.00%0.00%0.00%
TPE.TO
TD International Equity Index ETF		2.11%2.30%2.37%2.66%2.89%2.41%2.42%2.60%2.93%2.35%2.21%

Frequently Asked Questions

TDOC.TO and TPE.TO have a correlation of 0.55, 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 TPE.TO is International Equity.

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