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TILV.TO vs. DRFD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TILV.TO vs. DRFD.TO

Last updated Jul 18, 2026
Documentation

TILV.TO (TD Q International Low Volatility ETF) and DRFD.TO (Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 5 years, TILV.TO returned 10.78%/yr vs 11.65%/yr for DRFD.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

TILV.TO vs. DRFD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q International Low Volatility ETF (TILV.TO) and Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.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, TILV.TO achieves a 12.11% return, which is significantly higher than DRFD.TO's 11.46% return.

TILV.TO

1D
0.28%
1M
2.93%
6M
8.60%
YTD
12.11%
1Y
18.83%
3Y*
16.59%
5Y*
10.78%
10Y*
—

DRFD.TO

1D
0.03%
1M
1.33%
6M
8.14%
YTD
11.46%
1Y
25.18%
3Y*
21.46%
5Y*
11.65%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TILV.TO vs. DRFD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TILV.TO
TD Q International Low Volatility ETF		12.11%19.69%13.23%9.74%-5.66%14.07%-5.87%5.58%
DRFD.TO
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF		11.46%30.23%16.52%12.80%-10.88%9.94%2.12%6.19%

Correlation

The correlation between TILV.TO and DRFD.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

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

0.24

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

0.19

Correlation (All Time)
Calculated using the full available price history since May 9, 2019

0.18

Over the past year, TILV.TO and DRFD.TO have become more correlated (0.48) than their long-term average of 0.18, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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TD Q International Low Volatility ETF

Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF

Often compared with TILV.TO:
TILV.TO vs. VVO.TOTILV.TO vs. FCIL.NEOTILV.TO vs. QDX.TOTILV.TO vs. RIDH.TOTILV.TO vs. TINF.TOTILV.TO vs. ZLI.TOTILV.TO vs. FCRI.TO
Often compared with DRFD.TO:
DRFD.TO vs. DANC.TODRFD.TO vs. DCG.TODRFD.TO vs. DCP.TODRFD.TO vs. DCS.TODRFD.TO vs. DRFE.TODRFD.TO vs. DRFG.TODRFD.TO vs. DRFU.TO

Return for Risk

TILV.TO vs. DRFD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TILV.TO
TILV.TO Risk / Return Rank: 6666
Overall Rank
TILV.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
TILV.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
TILV.TO Omega Ratio Rank: 7070
Omega Ratio Rank
TILV.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
TILV.TO Martin Ratio Rank: 6161
Martin Ratio Rank
DRFD.TO
DRFD.TO Risk / Return Rank: 6969
Overall Rank
DRFD.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DRFD.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
DRFD.TO Omega Ratio Rank: 7777
Omega Ratio Rank
DRFD.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
DRFD.TO Martin Ratio Rank: 6363
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.

TILV.TO vs. DRFD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q International Low Volatility ETF (TILV.TO) and Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.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.

TILV.TODRFD.TODifference
Sharpe ratioReturn per unit of total volatility
1.68
1.75

-0.07

Sortino ratioReturn per unit of downside risk
2.31
2.57

-0.27

Omega ratioGain probability vs. loss probability

1.32

1.34

-0.02

Calmar ratioReturn relative to maximum drawdown

2.66

2.13

+0.53

Martin ratioReturn relative to average drawdown

8.12

8.31

-0.18

TILV.TO vs. DRFD.TO - Sharpe Ratio Comparison

The current TILV.TO Sharpe Ratio is 1.68, which is comparable to the DRFD.TO Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of TILV.TO and DRFD.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

TILV.TO vs. DRFD.TO - Drawdown Comparison

The maximum TILV.TO drawdown since its inception was -27.24%, which is greater than DRFD.TO's maximum drawdown of -25.18%. Use the drawdown chart below to compare losses from any high point for TILV.TO and DRFD.TO.

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Drawdown Indicators

TILV.TODRFD.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.24%

-25.18%

-2.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.11%

-11.85%

+4.74%

Max Drawdown (3Y)

Largest decline over 3 years

-7.62%

-13.78%

+6.16%

Max Drawdown (5Y)

Largest decline over 5 years

-17.01%

-22.31%

+5.30%

Current Drawdown

Current decline from peak

-0.06%

-2.61%

+2.55%

Average Drawdown

Average peak-to-trough decline

-4.47%

-5.26%

+0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.32%

3.04%

-0.72%

Volatility

TILV.TO vs. DRFD.TO - Volatility Comparison

The current volatility for TD Q International Low Volatility ETF (TILV.TO) is 2.25%, while Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFD.TO) has a volatility of 3.62%. This indicates that TILV.TO experiences smaller price fluctuations and is considered to be less risky than DRFD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TILV.TODRFD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.25%

3.62%

-1.37%

Volatility (6M)

Calculated over the trailing 6-month period

9.48%

12.44%

-2.96%

Volatility (1Y)

Calculated over the trailing 1-year period

11.24%

14.42%

-3.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.88%

13.39%

-1.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.43%

13.67%

-0.24%

Dividends

TILV.TO vs. DRFD.TO - Dividend Comparison

TILV.TO's dividend yield for the trailing twelve months is around 2.88%, more than DRFD.TO's 2.38% yield.

PositionTTM20252024202320222021202020192018
DRFD.TO
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF		2.38%2.68%2.55%2.17%2.74%2.38%2.55%2.34%0.72%
TILV.TO
TD Q International Low Volatility ETF		2.88%3.08%3.35%3.52%2.83%2.78%2.99%2.10%0.00%

Frequently Asked Questions

TILV.TO and DRFD.TO have a correlation of 0.48, 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 Desjardins.

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