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THU.TO vs. VGG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THU.TO vs. VGG.TO

Last updated Jul 16, 2026
Documentation

THU.TO (TD U.S. Equity CAD Hedged Index ETF) and VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) are both exchange-traded funds - THU.TO is a Large Cap Blend Equities fund actively managed by TD, while VGG.TO is a Dividend fund tracking the S&P U.S. Dividend Growers Index. THU.TO is actively managed, while VGG.TO is passively managed. Over the past 10 years, THU.TO returned 13.51%/yr vs 13.21%/yr for VGG.TO. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

THU.TO vs. VGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD U.S. Equity CAD Hedged Index ETF (THU.TO) and Vanguard U.S. Dividend Appreciation Index ETF (VGG.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, THU.TO achieves a 10.16% return, which is significantly lower than VGG.TO's 10.91% return. Both investments have delivered pretty close results over the past 10 years, with THU.TO having a 13.51% annualized return and VGG.TO not far behind at 13.21%.

THU.TO

1D
0.31%
1M
0.07%
6M
9.01%
YTD
10.16%
1Y
20.09%
3Y*
18.83%
5Y*
11.29%
10Y*
13.51%

VGG.TO

1D
-0.19%
1M
0.86%
6M
7.50%
YTD
10.91%
1Y
20.09%
3Y*
17.17%
5Y*
12.41%
10Y*
13.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

THU.TO vs. VGG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
THU.TO
TD U.S. Equity CAD Hedged Index ETF		10.16%15.44%23.50%26.50%-21.80%27.16%18.06%29.00%-6.79%20.92%
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF		10.91%8.61%26.49%11.58%-4.21%22.23%12.67%23.32%5.20%13.99%

Correlation

The correlation between THU.TO and VGG.TO is 0.64, 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

0.64

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

0.65

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

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Mar 30, 2016

0.50

The correlation between THU.TO and VGG.TO shifts across timeframes, from 0.50 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD U.S. Equity CAD Hedged Index ETF

Vanguard U.S. Dividend Appreciation Index ETF

Often compared with VGG.TO:
VGG.TO vs. VFV.TOVGG.TO vs. VIGVGG.TO vs. SCHDVGG.TO vs. VUN.TOVGG.TO vs. ZUQ.TOVGG.TO vs. DGROVGG.TO vs. ZNQ.TO

Return for Risk

THU.TO vs. VGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THU.TO
THU.TO Risk / Return Rank: 5656
Overall Rank
THU.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
THU.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
THU.TO Omega Ratio Rank: 5555
Omega Ratio Rank
THU.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
THU.TO Martin Ratio Rank: 6363
Martin Ratio Rank
VGG.TO
VGG.TO Risk / Return Rank: 7575
Overall Rank
VGG.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VGG.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
VGG.TO Omega Ratio Rank: 7474
Omega Ratio Rank
VGG.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
VGG.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.

THU.TO vs. VGG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity CAD Hedged Index ETF (THU.TO) and Vanguard U.S. Dividend Appreciation Index ETF (VGG.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.

THU.TOVGG.TODifference
Sharpe ratioReturn per unit of total volatility
1.57
1.96

-0.38

Sortino ratioReturn per unit of downside risk
2.21
2.82

-0.61

Omega ratioGain probability vs. loss probability

1.28

1.35

-0.07

Calmar ratioReturn relative to maximum drawdown

2.11

2.85

-0.75

Martin ratioReturn relative to average drawdown

9.01

10.59

-1.57

THU.TO vs. VGG.TO - Sharpe Ratio Comparison

The current THU.TO Sharpe Ratio is 1.57, which is comparable to the VGG.TO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of THU.TO and VGG.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

THU.TO vs. VGG.TO - Drawdown Comparison

The maximum THU.TO drawdown since its inception was -34.64%, which is greater than VGG.TO's maximum drawdown of -24.58%. Use the drawdown chart below to compare losses from any high point for THU.TO and VGG.TO.

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Drawdown Indicators

THU.TOVGG.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-24.58%

-10.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-7.07%

-2.52%

Max Drawdown (3Y)

Largest decline over 3 years

-19.16%

-15.56%

-3.60%

Max Drawdown (5Y)

Largest decline over 5 years

-26.37%

-18.52%

-7.85%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

-24.58%

-10.06%

Current Drawdown

Current decline from peak

-0.64%

-2.11%

+1.47%

Average Drawdown

Average peak-to-trough decline

-4.81%

-2.91%

-1.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

1.90%

+0.33%

Volatility

THU.TO vs. VGG.TO - Volatility Comparison

TD U.S. Equity CAD Hedged Index ETF (THU.TO) has a higher volatility of 3.40% compared to Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) at 2.35%. This indicates that THU.TO's price experiences larger fluctuations and is considered to be riskier than VGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

THU.TOVGG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

2.35%

+1.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.17%

7.93%

+2.24%

Volatility (1Y)

Calculated over the trailing 1-year period

12.84%

10.34%

+2.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

12.68%

+4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.40%

14.97%

+2.43%

Dividends

THU.TO vs. VGG.TO - Dividend Comparison

THU.TO's dividend yield for the trailing twelve months is around 0.96%, less than VGG.TO's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
THU.TO
TD U.S. Equity CAD Hedged Index ETF		0.96%1.05%1.25%1.20%1.42%1.00%1.28%1.21%1.66%1.54%1.37%0.00%
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF		1.04%1.16%1.23%1.37%1.35%1.21%1.25%1.24%1.50%1.45%1.63%1.70%

Frequently Asked Questions

THU.TO and VGG.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

THU.TO is categorized as Large Cap Blend Equities, while VGG.TO is Dividend. They also come from different issuers: TD and Vanguard.

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