TEQT.TO vs. HEQL.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD All-Equity ETF Portfolio (TEQT.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO).

TEQT.TO and HEQL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEQT.TO is a passively managed fund by TD that tracks the performance of the 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). It was launched on Apr 8, 2025. HEQL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.

Performance

TEQT.TO vs. HEQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD All-Equity ETF Portfolio (TEQT.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO). The values are adjusted to include any dividend payments, if applicable.

TEQT.TO vs. HEQL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TEQT.TO TD All-Equity ETF Portfolio	0.54%	27.04%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.60%	32.61%

Returns By Period

In the year-to-date period, TEQT.TO achieves a 0.54% return, which is significantly lower than HEQL.TO's 1.60% return.

TEQT.TO

• 1D: 0.80%
• 1M: -3.23%
• YTD: 0.54%
• 6M: 2.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQL.TO

• 1D: 1.40%
• 1M: -3.84%
• YTD: 1.60%
• 6M: 3.89%
• 1Y: 25.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEQT.TO vs. HEQL.TO - Expense Ratio Comparison

TEQT.TO has a 0.17% expense ratio, which is lower than HEQL.TO's 1.46% expense ratio.

HEQL.TO

Global X Enhanced All-Equity Asset Allocation ETF CAD

TEQT.TO

TD All-Equity ETF Portfolio

Return for Risk

TEQT.TO vs. HEQL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEQL.TO

HEQL.TO Risk / Return Rank: 59
HEQL.TO Sharpe Ratio Rank: 73
HEQL.TO Sortino Ratio Rank: 74
HEQL.TO Omega Ratio Rank: 71
HEQL.TO Calmar Ratio Rank: 36
HEQL.TO Martin Ratio Rank: 42

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.

TEQT.TO vs. HEQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD All-Equity ETF Portfolio (TEQT.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TEQT.TO	HEQL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.35	1.75	+0.60

Correlation

The correlation between TEQT.TO and HEQL.TO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TEQT.TO vs. HEQL.TO - Dividend Comparison

TEQT.TO's dividend yield for the trailing twelve months is around 1.46%, less than HEQL.TO's 1.80% yield.

	TTM	2025	2024	2023
TEQT.TO TD All-Equity ETF Portfolio	1.46%	1.14%	0.00%	0.00%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.80%	1.82%	1.75%	0.55%

Drawdowns

TEQT.TO vs. HEQL.TO - Drawdown Comparison

The maximum TEQT.TO drawdown since its inception was -7.62%, smaller than the maximum HEQL.TO drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for TEQT.TO and HEQL.TO.

Drawdown Indicators

	TEQT.TO	HEQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.62%	-19.86%	+12.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.14%	—
Current Drawdown Current decline from peak	-3.96%	-5.34%	+1.38%
Average Drawdown Average peak-to-trough decline	-1.06%	-1.92%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.64%	—

Volatility

Volatility by Period

	TEQT.TO	HEQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	21.37%	-8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.42%	18.59%	-6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.42%	18.59%	-6.17%