TGRE.TO vs. TCSH.TO
TGRE.TO (TD Active Global Real Estate Equity ETF) and TCSH.TO (TD Cash Management ETF) are both exchange-traded funds - TGRE.TO is a REIT fund actively managed by TD, while TCSH.TO is a Ultrashort Bond fund actively managed by TD. Both are actively managed. Over the past year, TGRE.TO returned 13.18% vs 2.65% for TCSH.TO. At a 0.00 correlation, their price movements are largely independent.
Performance
TGRE.TO vs. TCSH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGRE.TO achieves a 11.82% return, which is significantly higher than TCSH.TO's 1.14% return.
TGRE.TO
- 1D
- 0.51%
- 1M
- 0.97%
- 6M
- 7.74%
- YTD
- 11.82%
- 1Y
- 13.18%
- 3Y*
- 10.96%
- 5Y*
- 2.56%
- 10Y*
- —
TCSH.TO
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 1.20%
- YTD
- 1.14%
- 1Y
- 2.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TGRE.TO vs. TCSH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TGRE.TO TD Active Global Real Estate Equity ETF | 11.82% | 0.39% | 15.87% |
TCSH.TO TD Cash Management ETF | 1.14% | 3.09% | 4.22% |
Correlation
The correlation between TGRE.TO and TCSH.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024 | 0.00 |
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Return for Risk
TGRE.TO vs. TCSH.TO — Risk / Return Rank
TGRE.TO
TCSH.TO
TGRE.TO vs. TCSH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active Global Real Estate Equity ETF (TGRE.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.
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.
| TGRE.TO | TCSH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.03 | ||
| Sortino ratioReturn per unit of downside risk | -9.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 3.03 | -1.85 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 26.61 | -25.04 |
| Martin ratioReturn relative to average drawdown | 4.13 | 110.82 | -106.69 |
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Drawdowns
TGRE.TO vs. TCSH.TO - Drawdown Comparison
The maximum TGRE.TO drawdown since its inception was -33.49%, 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 TGRE.TO and TCSH.TO.
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Drawdown Indicators
| TGRE.TO | TCSH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -0.54% | -32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -0.10% | -8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.00% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -12.77% | -0.01% | -12.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.02% | +3.18% |
Volatility
TGRE.TO vs. TCSH.TO - Volatility Comparison
TD Active Global Real Estate Equity ETF (TGRE.TO) has a higher volatility of 3.92% compared to TD Cash Management ETF (TCSH.TO) at 0.08%. This indicates that TGRE.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
| TGRE.TO | TCSH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 0.08% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 0.26% | +10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 0.44% | +13.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 0.68% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 0.68% | +16.68% |
Dividends
TGRE.TO vs. TCSH.TO - Dividend Comparison
TGRE.TO's dividend yield for the trailing twelve months is around 4.78%, more than TCSH.TO's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TCSH.TO TD Cash Management ETF | 2.60% | 3.03% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TGRE.TO TD Active Global Real Estate Equity ETF | 4.78% | 5.21% | 4.50% | 4.93% | 5.00% | 1.92% | 2.04% | 0.17% |
Frequently Asked Questions
TGRE.TO and TCSH.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGRE.TO is categorized as REIT, while TCSH.TO is Ultrashort Bond.
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