TGRE.TO vs. TQCD.TO
TGRE.TO (TD Active Global Real Estate Equity ETF) and TQCD.TO (TD Q Canadian Dividend ETF) are both exchange-traded funds - TGRE.TO is a REIT fund actively managed by TD, while TQCD.TO is a Canada Equities fund actively managed by TD. Both are actively managed. Over the past 5 years, TGRE.TO returned 2.56%/yr vs 18.16%/yr for TQCD.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
TGRE.TO vs. TQCD.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 lower than TQCD.TO's 18.51% 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*
- —
TQCD.TO
- 1D
- 0.83%
- 1M
- 1.92%
- 6M
- 13.83%
- YTD
- 18.51%
- 1Y
- 38.15%
- 3Y*
- 27.23%
- 5Y*
- 18.16%
- 10Y*
- —
TGRE.TO vs. TQCD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TGRE.TO TD Active Global Real Estate Equity ETF | 11.82% | 0.39% | 14.77% | 8.69% | -27.34% | 32.66% | 2.37% | -0.70% |
TQCD.TO TD Q Canadian Dividend ETF | 18.51% | 33.11% | 22.28% | 12.29% | 1.68% | 26.29% | -15.58% | 6.48% |
Correlation
The correlation between TGRE.TO and TQCD.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.38 |
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Return for Risk
TGRE.TO vs. TQCD.TO — Risk / Return Rank
TGRE.TO
TQCD.TO
TGRE.TO vs. TQCD.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 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.
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 | TQCD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.67 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 5.27 | -3.69 |
| Martin ratioReturn relative to average drawdown | 4.13 | 25.39 | -21.26 |
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Drawdowns
TGRE.TO vs. TQCD.TO - Drawdown Comparison
The maximum TGRE.TO drawdown since its inception was -33.49%, smaller than the maximum TQCD.TO drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for TGRE.TO and TQCD.TO.
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Drawdown Indicators
| TGRE.TO | TQCD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -47.52% | +14.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -7.27% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | -12.41% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -15.65% | -17.84% |
Current DrawdownCurrent decline from peak | -1.17% | 0.00% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -12.77% | -6.29% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.51% | +1.69% |
Volatility
TGRE.TO vs. TQCD.TO - Volatility Comparison
TD Active Global Real Estate Equity ETF (TGRE.TO) has a higher volatility of 3.92% compared to TD Q Canadian Dividend ETF (TQCD.TO) at 2.33%. This indicates that TGRE.TO's price experiences larger fluctuations and is considered to be riskier than TQCD.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 | TQCD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 2.33% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.36% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 10.35% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 12.59% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.69% | -2.33% |
Dividends
TGRE.TO vs. TQCD.TO - Dividend Comparison
TGRE.TO's dividend yield for the trailing twelve months is around 4.78%, more than TQCD.TO's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TQCD.TO TD Q Canadian Dividend ETF | 2.73% | 2.95% | 3.48% | 3.73% | 4.03% | 4.09% | 6.20% | 0.38% |
Frequently Asked Questions
TGRE.TO and TQCD.TO have a correlation of 0.39, 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 TQCD.TO is Canada Equities.
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