TGED.TO vs. TCON.TO
TGED.TO (TD Active Global Enhanced Dividend ETF) and TCON.TO (TD Conservative ETF Portfolio) are both exchange-traded funds - TGED.TO is a Global Equity Income fund actively managed by TD, while TCON.TO is a Diversified Portfolio fund actively managed by TD. Both are actively managed. Over the past 5 years, TGED.TO returned 15.72%/yr vs 5.31%/yr for TCON.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
TGED.TO vs. TCON.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGED.TO achieves a 18.31% return, which is significantly higher than TCON.TO's 5.75% return.
TGED.TO
- 1D
- -2.64%
- 1M
- 0.01%
- 6M
- 13.10%
- YTD
- 18.31%
- 1Y
- 26.24%
- 3Y*
- 24.91%
- 5Y*
- 15.72%
- 10Y*
- —
TCON.TO
- 1D
- -0.29%
- 1M
- 0.32%
- 6M
- 3.93%
- YTD
- 5.75%
- 1Y
- 12.86%
- 3Y*
- 10.45%
- 5Y*
- 5.31%
- 10Y*
- —
TGED.TO vs. TCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TGED.TO TD Active Global Enhanced Dividend ETF | 18.31% | 10.63% | 38.60% | 23.33% | -14.27% | 20.42% | 9.32% |
TCON.TO TD Conservative ETF Portfolio | 5.75% | 10.47% | 9.68% | 11.95% | -12.34% | 5.81% | 2.79% |
Correlation
The correlation between TGED.TO and TCON.TO is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.38 |
Over the past year, TGED.TO and TCON.TO have become more correlated (0.70) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
TGED.TO vs. TCON.TO — Risk / Return Rank
TGED.TO
TCON.TO
TGED.TO vs. TCON.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 TD Conservative ETF Portfolio (TCON.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 | TCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.55 | -0.10 |
| Martin ratioReturn relative to average drawdown | 8.41 | 10.81 | -2.40 |
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Drawdowns
TGED.TO vs. TCON.TO - Drawdown Comparison
The maximum TGED.TO drawdown since its inception was -26.19%, which is greater than TCON.TO's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for TGED.TO and TCON.TO.
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Drawdown Indicators
| TGED.TO | TCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.19% | -16.43% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -5.06% | -5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -6.18% | -13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | -16.43% | -6.62% |
Current DrawdownCurrent decline from peak | -6.79% | -0.97% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -3.67% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.19% | +1.94% |
Volatility
TGED.TO vs. TCON.TO - Volatility Comparison
TD Active Global Enhanced Dividend ETF (TGED.TO) has a higher volatility of 9.53% compared to TD Conservative ETF Portfolio (TCON.TO) at 1.58%. This indicates that TGED.TO's price experiences larger fluctuations and is considered to be riskier than TCON.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 | TCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 1.58% | +7.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 5.53% | +10.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 6.63% | +12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.42% | 7.83% | +8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 7.55% | +9.57% |
Dividends
TGED.TO vs. TCON.TO - Dividend Comparison
TGED.TO's dividend yield for the trailing twelve months is around 3.35%, more than TCON.TO's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 2.59% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% | 0.00% |
TGED.TO TD Active Global Enhanced Dividend ETF | 3.35% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% |
Frequently Asked Questions
TGED.TO and TCON.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGED.TO is categorized as Global Equity Income, while TCON.TO is Diversified Portfolio.
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