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TGED.TO vs. TCSH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TGED.TO vs. TCSH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Active Global Enhanced Dividend ETF (TGED.TO) and TD Cash Management ETF (TCSH.TO).

TGED.TO and TCSH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGED.TO is an actively managed fund by TD. It was launched on Mar 29, 2022. TCSH.TO is an actively managed fund by TD. It was launched on Feb 15, 2024.

Performance

TGED.TO vs. TCSH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Global Enhanced Dividend ETF (TGED.TO) and TD Cash Management ETF (TCSH.TO). The values are adjusted to include any dividend payments, if applicable.

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TGED.TO vs. TCSH.TO - Yearly Performance Comparison

2026 (YTD)20252024
TGED.TO
TD Active Global Enhanced Dividend ETF		-0.04%10.63%23.62%
TCSH.TO
TD Cash Management ETF		0.37%3.09%4.37%

Returns By Period

In the year-to-date period, TGED.TO achieves a -0.04% return, which is significantly lower than TCSH.TO's 0.37% return.

TGED.TO

1D
3.14%
1M
-6.47%
YTD
-0.04%
6M
-1.87%
1Y
15.82%
3Y*
20.43%
5Y*
13.68%
10Y*
—

TCSH.TO

1D
-0.02%
1M
0.12%
YTD
0.37%
6M
1.22%
1Y
2.63%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

TD Active Global Enhanced Dividend ETF

TD Cash Management ETF

Often compared with TGED.TO:
TGED.TO vs. TPU.TOTGED.TO vs. TEC.TOTGED.TO vs. EFASTGED.TO vs. USCC.TOTGED.TO vs. SPYTGED.TO vs. HXT.TOTGED.TO vs. VFV.TO
Often compared with TCSH.TO:
TCSH.TO vs. CASH.TOTCSH.TO vs. ZMMK.TOTCSH.TO vs. CBIL.TOTCSH.TO vs. PSA.TOTCSH.TO vs. ZST.TOTCSH.TO vs. ZCM.TOTCSH.TO vs. MNY.TO

TGED.TO vs. TCSH.TO - Expense Ratio Comparison

TGED.TO has a 0.72% expense ratio, which is higher than TCSH.TO's 0.16% expense ratio.

TGED.TO
TD Active Global Enhanced Dividend ETF
TCSH.TO
TD Cash Management ETF

Return for Risk

TGED.TO vs. TCSH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGED.TO
TGED.TO Risk / Return Rank: 4747
Overall Rank
TGED.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
TGED.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
TGED.TO Omega Ratio Rank: 4545
Omega Ratio Rank
TGED.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
TGED.TO Martin Ratio Rank: 4848
Martin Ratio Rank
TCSH.TO
TCSH.TO Risk / Return Rank: 9999
Overall Rank
TCSH.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TCSH.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
TCSH.TO Omega Ratio Rank: 9999
Omega Ratio Rank
TCSH.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
TCSH.TO Martin Ratio Rank: 9999
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.

TGED.TO vs. TCSH.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 Cash Management ETF (TCSH.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.

TGED.TOTCSH.TODifference

Sharpe ratio

Return per unit of total volatility

0.82

5.78

-4.96

Sortino ratio

Return per unit of downside risk

1.20

10.76

-9.56

Omega ratio

Gain probability vs. loss probability

1.18

2.86

-1.68

Calmar ratio

Return relative to maximum drawdown

1.33

26.59

-25.26

Martin ratio

Return relative to average drawdown

4.69

107.81

-103.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGED.TO vs. TCSH.TO - Sharpe Ratio Comparison

The current TGED.TO Sharpe Ratio is 0.82, which is lower than the TCSH.TO Sharpe Ratio of 5.78. The chart below compares the historical Sharpe Ratios of TGED.TO and TCSH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TGED.TOTCSH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

5.78

-4.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

5.30

-4.42

Correlation

The correlation between TGED.TO and TCSH.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TGED.TO vs. TCSH.TO - Dividend Comparison

TGED.TO's dividend yield for the trailing twelve months is around 3.88%, more than TCSH.TO's 2.74% yield.

TTM2025202420232022202120202019
TGED.TO
TD Active Global Enhanced Dividend ETF		3.88%3.79%3.01%3.97%4.70%3.44%3.63%2.54%
TCSH.TO
TD Cash Management ETF		2.74%3.03%4.21%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TGED.TO vs. TCSH.TO - Drawdown Comparison

The maximum TGED.TO drawdown since its inception was -26.19%, which is greater than TCSH.TO's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for TGED.TO and TCSH.TO.

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Drawdown Indicators

TGED.TOTCSH.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.19%

-0.54%

-25.65%

Max Drawdown (1Y)

Largest decline over 1 year

-12.29%

-0.10%

-12.19%

Max Drawdown (5Y)

Largest decline over 5 years

-23.05%

—

—

Current Drawdown

Current decline from peak

-7.95%

-0.02%

-7.93%

Average Drawdown

Average peak-to-trough decline

-4.74%

-0.01%

-4.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.48%

0.02%

+3.46%

Volatility

TGED.TO vs. TCSH.TO - Volatility Comparison

TD Active Global Enhanced Dividend ETF (TGED.TO) has a higher volatility of 7.44% compared to TD Cash Management ETF (TCSH.TO) at 0.13%. This indicates that TGED.TO's price experiences larger fluctuations and is considered to be riskier than TCSH.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.TOTCSH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

0.13%

+7.31%

Volatility (6M)

Calculated over the trailing 6-month period

12.56%

0.37%

+12.19%

Volatility (1Y)

Calculated over the trailing 1-year period

19.39%

0.46%

+18.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.53%

0.71%

+14.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.69%

0.71%

+15.98%