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TGGR.TO vs. XEF-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGGR.TO vs. XEF-U.TO

Last updated Jul 25, 2026
Documentation

TGGR.TO (TD Active Global Equity Growth ETF) and XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) are both Global Equities funds. TGGR.TO is actively managed, while XEF-U.TO is passively managed. Over the past 5 years, TGGR.TO returned 10.67%/yr vs 11.04%/yr for XEF-U.TO. At a 0.28 correlation, their price movements are largely independent. TGGR.TO charges 0.72%/yr vs 0.21%/yr for XEF-U.TO.

Performance

TGGR.TO vs. XEF-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Global Equity Growth ETF (TGGR.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TGGR.TO is traded in CAD, while XEF-U.TO is traded in USD. To make them comparable, the XEF-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TGGR.TO achieves a 11.35% return, which is significantly lower than XEF-U.TO's 12.61% return.

TGGR.TO

1D
0.00%
1M
0.27%
6M
8.48%
YTD
11.35%
1Y
20.04%
3Y*
16.53%
5Y*
10.67%
10Y*
—
ALL TIME*
14.73%

XEF-U.TO

1D
0.82%
1M
0.32%
6M
7.12%
YTD
12.61%
1Y
21.73%
3Y*
17.94%
5Y*
11.04%
10Y*
6.67%
ALL TIME*
9.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

TGGR.TO

TD Active Global Equity Growth ETF
CA$66.71KCA$57.32KCA$77.20K

XEF-U.TO

iShares Core MSCI EAFE IMI Index ETF
CA$316.42KCA$331.50KCA$319.99K

TGGR.TO vs. XEF-U.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TGGR.TO
TD Active Global Equity Growth ETF		11.35%9.22%22.80%25.77%-16.26%26.36%16.94%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		12.61%25.69%11.75%13.94%-9.57%11.30%18.90%

Correlation

The correlation between TGGR.TO and XEF-U.TO is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2020

0.28

Over the past year, TGGR.TO and XEF-U.TO have become more correlated (0.63) than their long-term average of 0.28, meaning their price movements have been converging.

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 Equity Growth ETF

iShares Core MSCI EAFE IMI Index ETF

Often compared with TGGR.TO:
TGGR.TO vs. TGED.TOTGGR.TO vs. XDGH.TOTGGR.TO vs. MEQT.TOTGGR.TO vs. TPE.TOTGGR.TO vs. TTP.TOTGGR.TO vs. XMW.TOTGGR.TO vs. TEQT.TO
Often compared with XEF-U.TO:
XEF-U.TO vs. XEF.TOXEF-U.TO vs. VEAXEF-U.TO vs. VXUSXEF-U.TO vs. IEFAXEF-U.TO vs. ZSP.TOXEF-U.TO vs. VTIXEF-U.TO vs. IEMG

Return for Risk

TGGR.TO vs. XEF-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGGR.TO
TGGR.TO Risk / Return Rank: 6363
Overall Rank
TGGR.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
TGGR.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
TGGR.TO Omega Ratio Rank: 6565
Omega Ratio Rank
TGGR.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
TGGR.TO Martin Ratio Rank: 6060
Martin Ratio Rank
XEF-U.TO
XEF-U.TO Risk / Return Rank: 4848
Overall Rank
XEF-U.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XEF-U.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
XEF-U.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XEF-U.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XEF-U.TO Martin Ratio Rank: 5151
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.

TGGR.TO vs. XEF-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active Global Equity Growth ETF (TGGR.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.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.

TGGR.TOXEF-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.52
1.41

+0.11

Sortino ratioReturn per unit of downside risk
2.27
2.04

+0.23

Omega ratioGain probability vs. loss probability

1.27

1.25

+0.02

Calmar ratioReturn relative to maximum drawdown

1.98

1.94

+0.03

Martin ratioReturn relative to average drawdown

7.24

7.42

-0.18

TGGR.TO vs. XEF-U.TO - Sharpe Ratio Comparison

The current TGGR.TO Sharpe Ratio is 1.52, which is comparable to the XEF-U.TO Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of TGGR.TO and XEF-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TGGR.TO vs. XEF-U.TO - Drawdown Comparison

The maximum TGGR.TO drawdown since its inception was -27.61%, smaller than the maximum XEF-U.TO drawdown of -42.21%. Use the drawdown chart below to compare losses from any high point for TGGR.TO and XEF-U.TO.

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Drawdown Indicators

TGGR.TOXEF-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.61%

-42.21%

+14.60%

Max Drawdown (1Y)

Largest decline over 1 year

-10.18%

-11.34%

+1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-18.71%

-14.64%

-4.07%

Max Drawdown (5Y)

Largest decline over 5 years

-27.61%

-25.28%

-2.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.21%

—

Current Drawdown

Current decline from peak

-2.63%

-2.72%

+0.09%

Average Drawdown

Average peak-to-trough decline

-5.71%

-8.97%

+3.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

2.96%

-0.19%

Volatility

TGGR.TO vs. XEF-U.TO - Volatility Comparison

TD Active Global Equity Growth ETF (TGGR.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) have volatilities of 3.92% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TGGR.TOXEF-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

4.00%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

10.45%

13.48%

-3.03%

Volatility (1Y)

Calculated over the trailing 1-year period

13.27%

15.60%

-2.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.87%

17.64%

-1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.48%

18.13%

-2.65%

TGGR.TO vs. XEF-U.TO - Expense Ratio Comparison

TGGR.TO has a 0.72% expense ratio, which is higher than XEF-U.TO's 0.21% expense ratio.

Dividends

TGGR.TO vs. XEF-U.TO - Dividend Comparison

TGGR.TO's dividend yield for the trailing twelve months is around 0.51%, less than XEF-U.TO's 2.36% yield.

PositionTTM20252024202320222021202020192018201720162015
TGGR.TO
TD Active Global Equity Growth ETF		0.51%0.56%0.52%0.56%0.55%0.32%0.06%0.00%0.00%0.00%0.00%0.00%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		2.36%2.44%2.85%2.76%2.98%2.43%1.86%2.72%2.07%1.62%1.84%1.86%

Frequently Asked Questions

TGGR.TO and XEF-U.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEF-U.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEF-U.TO is cheaper with a 0.21% expense ratio, compared with 0.72% for TGGR.TO.

They also come from different issuers: TD and iShares. Their fees differ too: 0.72% for TGGR.TO and 0.21% for XEF-U.TO.

Portfolio Optimizer

Find the right allocation for TGGR.TO and XEF-U.TO

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