TDOC.TO vs. TQCD.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and TQCD.TO (TD Q Canadian Dividend ETF) are both exchange-traded funds - TDOC.TO is a Health & Biotech Equities fund actively managed by TD, while TQCD.TO is a Canada Equities fund actively managed by TD. Both are actively managed. Over the past 5 years, TDOC.TO returned 5.10%/yr vs 18.16%/yr for TQCD.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
TDOC.TO vs. TQCD.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 TQCD.TO's 18.51% 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*
- —
TQCD.TO
- 1D
- 0.83%
- 1M
- 1.92%
- 6M
- 13.83%
- YTD
- 18.51%
- 1Y
- 38.15%
- 3Y*
- 27.23%
- 5Y*
- 18.16%
- 10Y*
- —
TDOC.TO vs. TQCD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 0.57% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
TQCD.TO TD Q Canadian Dividend ETF | 18.51% | 33.11% | 22.28% | 12.29% | 1.68% | 11.58% |
Correlation
The correlation between TDOC.TO and TQCD.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.31 |
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Return for Risk
TDOC.TO vs. TQCD.TO — Risk / Return Rank
TDOC.TO
TQCD.TO
TDOC.TO vs. TQCD.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 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.
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 | TQCD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.67 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 5.27 | -4.18 |
| Martin ratioReturn relative to average drawdown | 2.58 | 25.39 | -22.80 |
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Drawdowns
TDOC.TO vs. TQCD.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, smaller than the maximum TQCD.TO drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and TQCD.TO.
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Drawdown Indicators
| TDOC.TO | TQCD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -47.52% | +30.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -7.27% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -12.41% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | -15.65% | -1.87% |
Current DrawdownCurrent decline from peak | -4.61% | 0.00% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -6.29% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 1.51% | +3.43% |
Volatility
TDOC.TO vs. TQCD.TO - Volatility Comparison
TD Global Healthcare Leaders Index ETF (TDOC.TO) has a higher volatility of 5.09% compared to TD Q Canadian Dividend ETF (TQCD.TO) at 2.33%. This indicates that TDOC.TO's price experiences larger fluctuations and is considered to be riskier 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
| TDOC.TO | TQCD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 2.33% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 8.36% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 10.35% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 12.59% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 19.69% | -6.76% |
Dividends
TDOC.TO vs. TQCD.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, less than TQCD.TO's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% | 0.00% |
TQCD.TO TD Q Canadian Dividend ETF | 2.73% | 2.95% | 3.48% | 3.73% | 4.03% | 4.09% | 6.20% | 0.38% |
Frequently Asked Questions
TDOC.TO and TQCD.TO have a correlation of 0.36, 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 TQCD.TO is Canada Equities.
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