TGED.TO vs. XEI.TO
TGED.TO (TD Active Global Enhanced Dividend ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - TGED.TO is a Global Equity Income fund actively managed by TD, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. TGED.TO is actively managed, while XEI.TO is passively managed. Over the past 5 years, TGED.TO returned 17.21%/yr vs 15.55%/yr for XEI.TO. At a 0.46 correlation, their price movements are largely independent. TGED.TO charges 0.72%/yr vs 0.22%/yr for XEI.TO.
Performance
TGED.TO vs. XEI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TGED.TO achieves a 18.74% return, which is significantly lower than XEI.TO's 22.21% return.
TGED.TO
- 1D
- 0.46%
- 1M
- 7.40%
- YTD
- 18.74%
- 6M
- 16.61%
- 1Y
- 30.23%
- 3Y*
- 26.09%
- 5Y*
- 17.21%
- 10Y*
- —
XEI.TO
- 1D
- 0.00%
- 1M
- 3.33%
- YTD
- 22.21%
- 6M
- 23.56%
- 1Y
- 43.59%
- 3Y*
- 22.26%
- 5Y*
- 15.55%
- 10Y*
- 12.32%
TGED.TO vs. XEI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TGED.TO TD Active Global Enhanced Dividend ETF | 18.74% | 10.63% | 38.60% | 23.33% | -14.27% | 20.42% | 19.17% | 10.07% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 22.21% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 8.72% |
Correlation
The correlation between TGED.TO and XEI.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 10, 2019 | 0.46 |
Over the past year, the correlation between TGED.TO and XEI.TO has dropped to 0.23 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
TGED.TO vs. XEI.TO - Sectors Allocation Comparison
Sectors
TGED.TO
XEI.TO
Technology
Industrials
Financial Services
Healthcare
Communication Services
Energy
Consumer Cyclical
Real Estate
Basic Materials
Consumer Defensive
Utilities
Technology
TGED.TO
XEI.TO
Industrials
TGED.TO
XEI.TO
Financial Services
TGED.TO
XEI.TO
Healthcare
TGED.TO
XEI.TO
Communication Services
TGED.TO
XEI.TO
Energy
TGED.TO
XEI.TO
Consumer Cyclical
TGED.TO
XEI.TO
Real Estate
TGED.TO
XEI.TO
Basic Materials
TGED.TO
XEI.TO
Consumer Defensive
TGED.TO
XEI.TO
Utilities
TGED.TO
XEI.TO
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TGED.TO vs. XEI.TO — Risk / Return Rank
TGED.TO
XEI.TO
TGED.TO vs. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.TO | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.19 | ||
| Sortino ratioReturn per unit of downside risk | -6.46 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 2.27 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 19.53 | -16.70 |
| Martin ratioReturn relative to average drawdown | 10.39 | 66.28 | -55.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TGED.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 6.08 | -4.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.39 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.67 | +0.36 |
Drawdowns
TGED.TO vs. XEI.TO - Drawdown Comparison
The maximum TGED.TO drawdown since its inception was -26.19%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for TGED.TO and XEI.TO.
Loading charts...
Drawdown Indicators
| TGED.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.19% | -45.51% | +19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -2.24% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -9.92% | -9.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | -17.32% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.51% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.76% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -5.05% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.66% | +2.26% |
Volatility
TGED.TO vs. XEI.TO - Volatility Comparison
TD Active Global Enhanced Dividend ETF (TGED.TO) has a higher volatility of 6.39% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that TGED.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TGED.TO | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 2.87% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 6.01% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 7.21% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 11.24% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 16.01% | +0.77% |
TGED.TO vs. XEI.TO - Expense Ratio Comparison
TGED.TO has a 0.72% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Dividends
TGED.TO vs. XEI.TO - Dividend Comparison
TGED.TO's dividend yield for the trailing twelve months is around 3.31%, less than XEI.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGED.TO TD Active Global Enhanced Dividend ETF | 3.31% | 3.79% | 3.01% | 3.97% | 4.70% | 3.44% | 3.63% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.56% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
TGED.TO and XEI.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEI.TO is cheaper with a 0.22% expense ratio, compared with 0.72% for TGED.TO.
TGED.TO is categorized as Global Equity Income, while XEI.TO is Canada Equities. They also come from different issuers: TD and iShares. Their fees differ too: 0.72% for TGED.TO and 0.22% for XEI.TO.
Find the right allocation for TGED.TO and XEI.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer