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TINF.TO vs. CIF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TINF.TO vs. CIF.TO

Last updated Jul 25, 2026
Documentation

TINF.TO (TD Active Global Infrastructure Equity ETF) and CIF.TO (iShares Global Infrastructure Index ETF) are both Infrastructure Equities funds. TINF.TO is actively managed, while CIF.TO is passively managed. Over the past 5 years, TINF.TO returned 13.26%/yr vs 18.74%/yr for CIF.TO. A 0.61 correlation means they provide meaningful diversification when combined. TINF.TO charges 0.73%/yr vs 0.72%/yr for CIF.TO.

Performance

TINF.TO vs. CIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Global Infrastructure Equity ETF (TINF.TO) and iShares Global Infrastructure Index ETF (CIF.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, TINF.TO achieves a 15.17% return, which is significantly lower than CIF.TO's 27.99% return.

TINF.TO

1D
0.26%
1M
-0.12%
6M
12.63%
YTD
15.17%
1Y
19.84%
3Y*
18.28%
5Y*
13.26%
10Y*
—
ALL TIME*
12.31%

CIF.TO

1D
-0.80%
1M
-0.22%
6M
20.01%
YTD
27.99%
1Y
32.27%
3Y*
24.86%
5Y*
18.74%
10Y*
12.88%
ALL TIME*
9.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CIF.TO

iShares Global Infrastructure Index ETF
CA$1.78MCA$2.07MCA$2.56M

TINF.TO

TD Active Global Infrastructure Equity ETF
CA$828.31KCA$888.45KCA$1.07M

TINF.TO vs. CIF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TINF.TO
TD Active Global Infrastructure Equity ETF		15.17%14.91%22.73%4.63%3.82%9.89%5.19%
CIF.TO
iShares Global Infrastructure Index ETF		27.99%14.57%25.83%14.99%6.22%18.14%18.80%

Correlation

The correlation between TINF.TO and CIF.TO is 0.58, 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

0.58

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

0.63

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

0.65

Correlation (All Time)
Calculated using the full available price history since Jun 2, 2020

0.61

The correlation between TINF.TO and CIF.TO has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

TINF.TO vs. CIF.TO - Sectors Allocation Comparison

Sectors
TINF.TO
CIF.TO

Utilities

43.3%
38.2%

Industrials

34.4%
27.8%

Energy

22.4%
14.3%

Financial Services

1.8%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.5%

Consumer Defensive

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

0.4%

Utilities

TINF.TO
43.3%
CIF.TO
38.2%

Industrials

TINF.TO
34.4%
CIF.TO
27.8%

Energy

TINF.TO
22.4%
CIF.TO
14.3%

Financial Services

TINF.TO
1.8%
CIF.TO

-

Basic Materials

TINF.TO

-

CIF.TO

-

Communication Services

TINF.TO

-

CIF.TO

-

Consumer Cyclical

TINF.TO

-

CIF.TO
0.5%

Consumer Defensive

TINF.TO

-

CIF.TO

-

Healthcare

TINF.TO

-

CIF.TO

-

Real Estate

TINF.TO

-

CIF.TO

-

Technology

TINF.TO

-

CIF.TO
0.4%

Compare stocks, funds, or ETFs

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

TD Active Global Infrastructure Equity ETF

iShares Global Infrastructure Index ETF

Often compared with TINF.TO:
TINF.TO vs. ZGI.TOTINF.TO vs. XETM.TOTINF.TO vs. HPR.TOTINF.TO vs. VEQT.TOTINF.TO vs. TGRO.TOTINF.TO vs. MEQT.TOTINF.TO vs. TILV.TO
Often compared with CIF.TO:
CIF.TO vs. VFV.TOCIF.TO vs. MLPP.LCIF.TO vs. ZQQ.TOCIF.TO vs. CWW.TOCIF.TO vs. ZGI.TOCIF.TO vs. XDIV.TOCIF.TO vs. VGT

Return for Risk

TINF.TO vs. CIF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TINF.TO
TINF.TO Risk / Return Rank: 8080
Overall Rank
TINF.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
TINF.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
TINF.TO Omega Ratio Rank: 7979
Omega Ratio Rank
TINF.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
TINF.TO Martin Ratio Rank: 7575
Martin Ratio Rank
CIF.TO
CIF.TO Risk / Return Rank: 8686
Overall Rank
CIF.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CIF.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
CIF.TO Omega Ratio Rank: 8787
Omega Ratio Rank
CIF.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
CIF.TO Martin Ratio Rank: 8585
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.

TINF.TO vs. CIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active Global Infrastructure Equity ETF (TINF.TO) and iShares Global Infrastructure Index ETF (CIF.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.

TINF.TOCIF.TODifference
Sharpe ratioReturn per unit of total volatility
1.86
2.08

-0.21

Sortino ratioReturn per unit of downside risk
2.53
2.81

-0.28

Omega ratioGain probability vs. loss probability

1.33

1.38

-0.05

Calmar ratioReturn relative to maximum drawdown

3.96

3.42

+0.55

Martin ratioReturn relative to average drawdown

9.54

12.08

-2.54

TINF.TO vs. CIF.TO - Sharpe Ratio Comparison

The current TINF.TO Sharpe Ratio is 1.86, which is comparable to the CIF.TO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of TINF.TO and CIF.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

TINF.TO vs. CIF.TO - Drawdown Comparison

The maximum TINF.TO drawdown since its inception was -13.62%, smaller than the maximum CIF.TO drawdown of -45.41%. Use the drawdown chart below to compare losses from any high point for TINF.TO and CIF.TO.

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Drawdown Indicators

TINF.TOCIF.TODifference

Max Drawdown

Largest peak-to-trough decline

-13.62%

-45.41%

+31.79%

Max Drawdown (1Y)

Largest decline over 1 year

-5.03%

-9.49%

+4.46%

Max Drawdown (3Y)

Largest decline over 3 years

-10.23%

-20.33%

+10.10%

Max Drawdown (5Y)

Largest decline over 5 years

-13.62%

-20.33%

+6.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.41%

—

Current Drawdown

Current decline from peak

-1.84%

-0.88%

-0.96%

Average Drawdown

Average peak-to-trough decline

-2.44%

-9.69%

+7.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

2.68%

-0.60%

Volatility

TINF.TO vs. CIF.TO - Volatility Comparison

TD Active Global Infrastructure Equity ETF (TINF.TO) and iShares Global Infrastructure Index ETF (CIF.TO) have volatilities of 2.96% and 2.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TINF.TOCIF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

2.93%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

9.15%

11.70%

-2.55%

Volatility (1Y)

Calculated over the trailing 1-year period

10.70%

15.62%

-4.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.86%

15.16%

-3.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.03%

25.96%

-13.93%

TINF.TO vs. CIF.TO - Expense Ratio Comparison

TINF.TO has a 0.73% expense ratio, which is higher than CIF.TO's 0.72% expense ratio.

Dividends

TINF.TO vs. CIF.TO - Dividend Comparison

TINF.TO's dividend yield for the trailing twelve months is around 2.54%, more than CIF.TO's 1.54% yield.

PositionTTM20252024202320222021202020192018201720162015
CIF.TO
iShares Global Infrastructure Index ETF		1.54%2.14%3.13%2.63%2.83%2.55%2.37%2.11%2.82%2.64%2.09%2.81%
TINF.TO
TD Active Global Infrastructure Equity ETF		2.54%2.89%2.85%3.39%2.97%2.28%0.99%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TINF.TO and CIF.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CIF.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CIF.TO is cheaper with a 0.72% expense ratio, compared with 0.73% for TINF.TO.

They also come from different issuers: TD and iShares. Their fees differ too: 0.73% for TINF.TO and 0.72% for CIF.TO.

Portfolio Optimizer

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