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THE.TO vs. MINT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THE.TO vs. MINT.TO

Last updated Jul 16, 2026
Documentation

THE.TO (TD International Equity CAD Hedged Index ETF) and MINT.TO (Manulife Multifactor Developed International Index ETF) are both International Equity funds. THE.TO is passively managed, while MINT.TO is actively managed. Over the past 5 years, THE.TO returned 12.67%/yr vs 12.51%/yr for MINT.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

THE.TO vs. MINT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD International Equity CAD Hedged Index ETF (THE.TO) and Manulife Multifactor Developed International Index ETF (MINT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, THE.TO achieves a 12.26% return, which is significantly higher than MINT.TO's 11.34% return.

THE.TO

1D
0.00%
1M
1.31%
6M
7.82%
YTD
12.26%
1Y
25.39%
3Y*
17.37%
5Y*
12.67%
10Y*
10.93%

MINT.TO

1D
-0.31%
1M
1.05%
6M
7.53%
YTD
11.34%
1Y
24.81%
3Y*
17.42%
5Y*
12.51%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

THE.TO vs. MINT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
THE.TO
TD International Equity CAD Hedged Index ETF		12.26%21.73%12.55%18.49%-7.02%16.77%1.71%20.59%-9.06%14.35%
MINT.TO
Manulife Multifactor Developed International Index ETF		11.34%23.42%10.91%18.04%-3.59%17.69%0.55%21.99%-10.35%13.54%

Correlation

The correlation between THE.TO and MINT.TO is 0.68, 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

0.68

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

0.56

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

0.50

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2017

0.36

Over the past year, THE.TO and MINT.TO have become more correlated (0.68) than their long-term average of 0.36, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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TD International Equity CAD Hedged Index ETF

Manulife Multifactor Developed International Index ETF

Often compared with THE.TO:
THE.TO vs. TCSH.TOTHE.TO vs. QDXH.TOTHE.TO vs. KNGX.TOTHE.TO vs. VXM.TOTHE.TO vs. TEQT.TOTHE.TO vs. ZLB.TOTHE.TO vs. FLVI.NEO

Return for Risk

THE.TO vs. MINT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THE.TO
THE.TO Risk / Return Rank: 7575
Overall Rank
THE.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
THE.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
THE.TO Omega Ratio Rank: 8080
Omega Ratio Rank
THE.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
THE.TO Martin Ratio Rank: 7171
Martin Ratio Rank
MINT.TO
MINT.TO Risk / Return Rank: 7373
Overall Rank
MINT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
MINT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
MINT.TO Omega Ratio Rank: 7878
Omega Ratio Rank
MINT.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
MINT.TO Martin Ratio Rank: 7272
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.

THE.TO vs. MINT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD International Equity CAD Hedged Index ETF (THE.TO) and Manulife Multifactor Developed International Index ETF (MINT.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.

THE.TOMINT.TODifference
Sharpe ratioReturn per unit of total volatility
2.00
1.86

+0.14

Sortino ratioReturn per unit of downside risk
2.86
2.74

+0.12

Omega ratioGain probability vs. loss probability

1.37

1.37

0.00

Calmar ratioReturn relative to maximum drawdown

2.69

2.74

-0.04

Martin ratioReturn relative to average drawdown

10.43

10.51

-0.08

THE.TO vs. MINT.TO - Sharpe Ratio Comparison

The current THE.TO Sharpe Ratio is 2.00, which is comparable to the MINT.TO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of THE.TO and MINT.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

THE.TO vs. MINT.TO - Drawdown Comparison

The maximum THE.TO drawdown since its inception was -32.08%, roughly equal to the maximum MINT.TO drawdown of -32.97%. Use the drawdown chart below to compare losses from any high point for THE.TO and MINT.TO.

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Drawdown Indicators

THE.TOMINT.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.08%

-32.97%

+0.89%

Max Drawdown (1Y)

Largest decline over 1 year

-9.47%

-9.11%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-14.69%

-13.76%

-0.93%

Max Drawdown (5Y)

Largest decline over 5 years

-15.55%

-18.04%

+2.49%

Max Drawdown (10Y)

Largest decline over 10 years

-32.08%

—

—

Current Drawdown

Current decline from peak

-1.16%

-1.34%

+0.18%

Average Drawdown

Average peak-to-trough decline

-3.69%

-4.17%

+0.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.44%

2.37%

+0.07%

Volatility

THE.TO vs. MINT.TO - Volatility Comparison

The current volatility for TD International Equity CAD Hedged Index ETF (THE.TO) is 2.95%, while Manulife Multifactor Developed International Index ETF (MINT.TO) has a volatility of 3.95%. This indicates that THE.TO experiences smaller price fluctuations and is considered to be less risky than MINT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

THE.TOMINT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

3.95%

-1.00%

Volatility (6M)

Calculated over the trailing 6-month period

10.62%

11.53%

-0.91%

Volatility (1Y)

Calculated over the trailing 1-year period

12.75%

13.39%

-0.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.25%

14.66%

-0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.11%

16.63%

+0.48%

Dividends

THE.TO vs. MINT.TO - Dividend Comparison

THE.TO's dividend yield for the trailing twelve months is around 2.35%, less than MINT.TO's 2.86% yield.

PositionTTM2025202420232022202120202019201820172016
MINT.TO
Manulife Multifactor Developed International Index ETF		2.86%5.86%2.14%2.81%2.84%2.55%1.60%2.70%2.76%1.36%0.00%
THE.TO
TD International Equity CAD Hedged Index ETF		2.35%2.57%2.73%2.65%3.46%2.20%2.47%2.52%3.52%2.87%2.10%

Frequently Asked Questions

THE.TO and MINT.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: TD and Manulife.

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