TGRO.TO vs. TQCD.TO
TGRO.TO (TD Growth ETF Portfolio) and TQCD.TO (TD Q Canadian Dividend ETF) are both exchange-traded funds - TGRO.TO is a Diversified Portfolio 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, TGRO.TO returned 13.26%/yr vs 17.84%/yr for TQCD.TO. A 0.64 correlation means they provide meaningful diversification when combined. TGRO.TO charges 0.15%/yr vs 0.39%/yr for TQCD.TO.
Performance
TGRO.TO vs. TQCD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGRO.TO achieves a 9.93% return, which is significantly lower than TQCD.TO's 14.98% return.
TGRO.TO
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 9.93%
- 6M
- 9.81%
- 1Y
- 25.55%
- 3Y*
- 19.69%
- 5Y*
- 13.26%
- 10Y*
- —
TQCD.TO
- 1D
- -0.42%
- 1M
- 3.98%
- YTD
- 14.98%
- 6M
- 17.36%
- 1Y
- 37.82%
- 3Y*
- 26.50%
- 5Y*
- 17.84%
- 10Y*
- —
TGRO.TO vs. TQCD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 9.93% | 18.03% | 22.28% | 18.36% | -11.39% | 20.46% | 2,565.79% |
TQCD.TO TD Q Canadian Dividend ETF | 14.98% | 33.11% | 22.27% | 12.29% | 1.68% | 26.29% | 7.86% |
Correlation
The correlation between TGRO.TO and TQCD.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.64 |
The correlation between TGRO.TO and TQCD.TO has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
TGRO.TO vs. TQCD.TO — Risk / Return Rank
TGRO.TO
TQCD.TO
TGRO.TO vs. TQCD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.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.
| TGRO.TO | TQCD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.71 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 5.22 | -1.66 |
| Martin ratioReturn relative to average drawdown | 15.71 | 25.92 | -10.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TGRO.TO | TQCD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 3.83 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.46 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.75 | -0.65 |
Drawdowns
TGRO.TO vs. TQCD.TO - Drawdown Comparison
The maximum TGRO.TO drawdown since its inception was -18.37%, smaller than the maximum TQCD.TO drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and TQCD.TO.
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Drawdown Indicators
| TGRO.TO | TQCD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -46.47% | +28.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -7.27% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -12.42% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -15.65% | -2.72% |
Current DrawdownCurrent decline from peak | -0.41% | -0.42% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -5.99% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.46% | +0.17% |
Volatility
TGRO.TO vs. TQCD.TO - Volatility Comparison
TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 3.28% compared to TD Q Canadian Dividend ETF (TQCD.TO) at 2.86%. This indicates that TGRO.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
| TGRO.TO | TQCD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.86% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 7.99% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 9.92% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 12.33% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 995.08% | 19.43% | +975.65% |
TGRO.TO vs. TQCD.TO - Expense Ratio Comparison
TGRO.TO has a 0.15% expense ratio, which is lower than TQCD.TO's 0.39% expense ratio.
Dividends
TGRO.TO vs. TQCD.TO - Dividend Comparison
TGRO.TO's dividend yield for the trailing twelve months is around 1.78%, less than TQCD.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% | 0.00% |
TQCD.TO TD Q Canadian Dividend ETF | 2.77% | 2.95% | 3.47% | 3.73% | 4.03% | 4.09% | 6.20% | 0.39% |
Frequently Asked Questions
TGRO.TO and TQCD.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGRO.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGRO.TO is cheaper with a 0.15% expense ratio, compared with 0.39% for TQCD.TO.
TGRO.TO is categorized as Diversified Portfolio, while TQCD.TO is Canada Equities. Their fees differ too: 0.15% for TGRO.TO and 0.39% for TQCD.TO.
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