TGED.TO vs. DXG.TO
TGED.TO (TD Active Global Enhanced Dividend ETF) and DXG.TO (Dynamic Active Global Dividend ETF) are both Global Equity Income funds. Both are actively managed. Over the past 5 years, TGED.TO returned 14.98%/yr vs 15.38%/yr for DXG.TO. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
TGED.TO vs. DXG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGED.TO achieves a 13.86% return, which is significantly lower than DXG.TO's 18.48% return.
TGED.TO
- 1D
- -1.16%
- 1M
- -7.34%
- 6M
- 7.70%
- YTD
- 13.86%
- 1Y
- 19.88%
- 3Y*
- 23.19%
- 5Y*
- 14.98%
- 10Y*
- —
DXG.TO
- 1D
- -0.63%
- 1M
- -4.14%
- 6M
- 13.26%
- YTD
- 18.48%
- 1Y
- 22.71%
- 3Y*
- 30.55%
- 5Y*
- 15.38%
- 10Y*
- —
TGED.TO vs. DXG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TGED.TO TD Active Global Enhanced Dividend ETF | 13.86% | 10.63% | 38.60% | 23.33% | -14.27% | 20.42% | 19.17% | 10.37% |
DXG.TO Dynamic Active Global Dividend ETF | 18.48% | 13.33% | 55.25% | 10.41% | -16.50% | 10.24% | 35.26% | 0.61% |
Correlation
The correlation between TGED.TO and DXG.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.78 |
The correlation between TGED.TO and DXG.TO has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
TGED.TO vs. DXG.TO — Risk / Return Rank
TGED.TO
DXG.TO
TGED.TO vs. DXG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active Global Enhanced Dividend ETF (TGED.TO) and Dynamic Active Global Dividend ETF (DXG.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.
| TGED.TO | DXG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.93 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.06 | 6.68 | -0.63 |
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Drawdowns
TGED.TO vs. DXG.TO - Drawdown Comparison
The maximum TGED.TO drawdown since its inception was -26.19%, roughly equal to the maximum DXG.TO drawdown of -26.03%. Use the drawdown chart below to compare losses from any high point for TGED.TO and DXG.TO.
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Drawdown Indicators
| TGED.TO | DXG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.19% | -26.03% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.81% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -22.90% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | -26.03% | +2.98% |
Current DrawdownCurrent decline from peak | -10.29% | -7.50% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -6.18% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 3.41% | -0.12% |
Volatility
TGED.TO vs. DXG.TO - Volatility Comparison
TD Active Global Enhanced Dividend ETF (TGED.TO) has a higher volatility of 9.35% compared to Dynamic Active Global Dividend ETF (DXG.TO) at 7.54%. This indicates that TGED.TO's price experiences larger fluctuations and is considered to be riskier than DXG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGED.TO | DXG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 7.54% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 18.77% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 21.73% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 19.51% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.15% | 19.50% | -2.35% |
Dividends
TGED.TO vs. DXG.TO - Dividend Comparison
TGED.TO's dividend yield for the trailing twelve months is around 3.48%, while DXG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXG.TO Dynamic Active Global Dividend ETF | 0.00% | 0.00% | 12.23% | 0.50% | 0.17% | 0.02% | 0.00% | 0.00% | 0.00% | 0.06% |
TGED.TO TD Active Global Enhanced Dividend ETF | 3.48% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% | 0.00% | 0.00% |
Frequently Asked Questions
TGED.TO and DXG.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and Dynamic.
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