THE.TO vs. WSRD.TO

Last updated Jul 17, 2026

THE.TO (TD International Equity CAD Hedged Index ETF) and WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) are both International Equity funds. THE.TO is passively managed, while WSRD.TO is actively managed. Over the past 5 years, THE.TO returned 12.61%/yr vs 3.98%/yr for WSRD.TO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

THE.TO vs. WSRD.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 Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THE.TO achieves a 11.99% return, which is significantly higher than WSRD.TO's 2.83% return.

THE.TO

• 1D: -0.24%
• 1M: 0.98%
• 6M: 7.35%
• YTD: 11.99%
• 1Y: 24.99%
• 3Y*: 17.33%
• 5Y*: 12.61%
• 10Y*: 10.91%

WSRD.TO

• 1D: 0.03%
• 1M: 1.57%
• 6M: 0.01%
• YTD: 2.83%
• 1Y: 9.55%
• 3Y*: 11.62%
• 5Y*: 3.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
THE.TO TD International Equity CAD Hedged Index ETF	11.99%	21.73%	12.55%	18.49%	-7.02%	16.77%	16.38%
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF	2.83%	18.84%	9.39%	14.01%	-20.37%	8.79%	18.09%

Correlation

The correlation between THE.TO and WSRD.TO is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 17, 2020	0.55

Over the past year, THE.TO and WSRD.TO have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.

Return for Risk

THE.TO vs. WSRD.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: 75
THE.TO Sharpe Ratio Rank: 78
THE.TO Sortino Ratio Rank: 79
THE.TO Omega Ratio Rank: 78
THE.TO Calmar Ratio Rank: 66
THE.TO Martin Ratio Rank: 71

WSRD.TO

WSRD.TO Risk / Return Rank: 23
WSRD.TO Sharpe Ratio Rank: 23
WSRD.TO Sortino Ratio Rank: 23
WSRD.TO Omega Ratio Rank: 22
WSRD.TO Calmar Ratio Rank: 22
WSRD.TO Martin Ratio Rank: 25

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. WSRD.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 Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.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.TO	WSRD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.67	+1.30
Sortino ratio: Return per unit of downside risk	2.82	1.06	+1.77
Omega ratio: Gain probability vs. loss probability	1.37	1.13	+0.24
Calmar ratio: Return relative to maximum drawdown	2.65	0.84	+1.81
Martin ratio: Return relative to average drawdown	10.26	2.49	+7.77

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

The current THE.TO Sharpe Ratio is 1.97, which is higher than the WSRD.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of THE.TO and WSRD.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.

Drawdowns

THE.TO vs. WSRD.TO - Drawdown Comparison

The maximum THE.TO drawdown since its inception was -32.08%, smaller than the maximum WSRD.TO drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for THE.TO and WSRD.TO.

Drawdown Indicators

	THE.TO	WSRD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.08%	-34.80%	+2.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-11.43%	+1.96%
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	-12.76%	-1.93%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-34.80%	+19.25%
Max Drawdown (10Y) Largest decline over 10 years	-32.08%	—	—
Current Drawdown Current decline from peak	-1.40%	-2.17%	+0.77%
Average Drawdown Average peak-to-trough decline	-3.69%	-9.47%	+5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	3.85%	-1.41%

Volatility

THE.TO vs. WSRD.TO - Volatility Comparison

The current volatility for TD International Equity CAD Hedged Index ETF (THE.TO) is 2.97%, while Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) has a volatility of 3.93%. This indicates that THE.TO experiences smaller price fluctuations and is considered to be less risky than WSRD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THE.TO	WSRD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.93%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	12.19%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	14.29%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	14.79%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	14.31%	+2.80%

Dividends

THE.TO vs. WSRD.TO - Dividend Comparison

THE.TO's dividend yield for the trailing twelve months is around 2.35%, less than WSRD.TO's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF	2.48%	2.28%	2.58%	2.31%	2.18%	1.20%	0.41%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THE.TO and WSRD.TO in my portfolio?

THE.TO and WSRD.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between THE.TO and WSRD.TO?

They also come from different issuers: TD and Wealthsimple.