TGFI.TO vs. TQCD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Active Global Income ETF (TGFI.TO) and TD Q Canadian Dividend ETF (TQCD.TO).

TGFI.TO and TQCD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGFI.TO is an actively managed fund by TD. It was launched on Nov 19, 2019. TQCD.TO is an actively managed fund by TD. It was launched on Nov 20, 2019.

Performance

TGFI.TO vs. TQCD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Global Income ETF (TGFI.TO) and TD Q Canadian Dividend ETF (TQCD.TO). The values are adjusted to include any dividend payments, if applicable.

TGFI.TO vs. TQCD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TGFI.TO TD Active Global Income ETF	-1.15%	5.71%	4.24%	8.24%	-14.35%	2.16%	2.60%	0.86%
TQCD.TO TD Q Canadian Dividend ETF	7.36%	33.11%	22.27%	12.29%	1.68%	26.29%	-13.24%	3.12%

Returns By Period

In the year-to-date period, TGFI.TO achieves a -1.15% return, which is significantly lower than TQCD.TO's 7.36% return.

TGFI.TO

• 1D: 0.35%
• 1M: -2.06%
• YTD: -1.15%
• 6M: -0.71%
• 1Y: 3.28%
• 3Y*: 4.96%
• 5Y*: 1.05%
• 10Y*: —

TQCD.TO

• 1D: 1.87%
• 1M: -2.72%
• YTD: 7.36%
• 6M: 15.97%
• 1Y: 38.76%
• 3Y*: 23.13%
• 5Y*: 17.71%
• 10Y*: —

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

TGFI.TO vs. TQCD.TO - Expense Ratio Comparison

TGFI.TO has a 0.75% expense ratio, which is higher than TQCD.TO's 0.39% expense ratio.

TGFI.TO

TD Active Global Income ETF

TQCD.TO

TD Q Canadian Dividend ETF

Return for Risk

TGFI.TO vs. TQCD.TO — Risk / Return Rank

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

TGFI.TO

TGFI.TO Risk / Return Rank: 41
TGFI.TO Sharpe Ratio Rank: 39
TGFI.TO Sortino Ratio Rank: 37
TGFI.TO Omega Ratio Rank: 35
TGFI.TO Calmar Ratio Rank: 46
TGFI.TO Martin Ratio Rank: 47

TQCD.TO

TQCD.TO Risk / Return Rank: 97
TQCD.TO Sharpe Ratio Rank: 98
TQCD.TO Sortino Ratio Rank: 97
TQCD.TO Omega Ratio Rank: 97
TQCD.TO Calmar Ratio Rank: 94
TQCD.TO Martin Ratio Rank: 97

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.

TGFI.TO vs. TQCD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active Global Income ETF (TGFI.TO) and TD Q Canadian Dividend ETF (TQCD.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.

	TGFI.TO	TQCD.TO	Difference
Sharpe ratio Return per unit of total volatility	0.75	3.01	-2.25
Sortino ratio Return per unit of downside risk	1.10	3.72	-2.62
Omega ratio Gain probability vs. loss probability	1.15	1.62	-0.48
Calmar ratio Return relative to maximum drawdown	1.23	3.72	-2.48
Martin ratio Return relative to average drawdown	4.60	19.47	-14.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGFI.TO vs. TQCD.TO - Sharpe Ratio Comparison

The current TGFI.TO Sharpe Ratio is 0.75, which is lower than the TQCD.TO Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of TGFI.TO and TQCD.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.

Sharpe Ratios by Period

	TGFI.TO	TQCD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	3.01	-2.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	1.45	-1.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.70	-0.59

Correlation

The correlation between TGFI.TO and TQCD.TO is 0.05, 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

TGFI.TO vs. TQCD.TO - Dividend Comparison

TGFI.TO's dividend yield for the trailing twelve months is around 5.29%, more than TQCD.TO's 2.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
TGFI.TO TD Active Global Income ETF	5.29%	5.31%	5.92%	5.82%	4.38%	3.93%	3.11%	0.26%
TQCD.TO TD Q Canadian Dividend ETF	2.88%	2.95%	3.47%	3.73%	4.03%	4.09%	6.20%	0.39%

Drawdowns

TGFI.TO vs. TQCD.TO - Drawdown Comparison

The maximum TGFI.TO drawdown since its inception was -22.03%, smaller than the maximum TQCD.TO drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TGFI.TO and TQCD.TO.

Drawdown Indicators

	TGFI.TO	TQCD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.03%	-46.47%	+24.44%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-10.74%	+7.67%
Max Drawdown (5Y) Largest decline over 5 years	-17.25%	-15.65%	-1.60%
Current Drawdown Current decline from peak	-2.73%	-3.29%	+0.56%
Average Drawdown Average peak-to-trough decline	-5.59%	-6.14%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	2.05%	-1.23%

Volatility

TGFI.TO vs. TQCD.TO - Volatility Comparison

The current volatility for TD Active Global Income ETF (TGFI.TO) is 1.32%, while TD Q Canadian Dividend ETF (TQCD.TO) has a volatility of 4.71%. This indicates that TGFI.TO experiences smaller price fluctuations and is considered to be less risky than TQCD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGFI.TO	TQCD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	4.71%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	8.41%	-5.96%
Volatility (1Y) Calculated over the trailing 1-year period	4.39%	12.98%	-8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.37%	12.25%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.64%	19.63%	-9.99%