TINF.TO vs. TQGM.TO

Last updated Jun 4, 2026

TINF.TO (TD Active Global Infrastructure Equity ETF) and TQGM.TO (TD Q Global Multifactor ETF) are both exchange-traded funds - TINF.TO is a Global Equities fund actively managed by TD, while TQGM.TO is a Multi-factor fund actively managed by TD. Both are actively managed. Over the past 5 years, TINF.TO returned 12.77%/yr vs 13.81%/yr for TQGM.TO. At a 0.38 correlation, their price movements are largely independent. TINF.TO charges 0.73%/yr vs 0.45%/yr for TQGM.TO.

Performance

TINF.TO vs. TQGM.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 TD Q Global Multifactor ETF (TQGM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINF.TO achieves a 9.87% return, which is significantly lower than TQGM.TO's 13.62% return.

TINF.TO

• 1D: 0.00%
• 1M: -0.47%
• YTD: 9.87%
• 6M: 8.63%
• 1Y: 14.88%
• 3Y*: 16.73%
• 5Y*: 12.77%
• 10Y*: —

TQGM.TO

• 1D: 0.21%
• 1M: 7.11%
• YTD: 13.62%
• 6M: 12.79%
• 1Y: 28.61%
• 3Y*: 21.42%
• 5Y*: 13.81%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TINF.TO TD Active Global Infrastructure Equity ETF	9.87%	14.91%	22.73%	4.63%	3.82%	9.89%	5.19%
TQGM.TO TD Q Global Multifactor ETF	13.62%	20.97%	25.26%	8.13%	-4.74%	12.19%	7.53%

Correlation

The correlation between TINF.TO and TQGM.TO is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020	0.38

The correlation between TINF.TO and TQGM.TO shifts across timeframes, from 0.38 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	TINF.TO	TQGM.TO
Utilities	44.0%	1.1%
Industrials	33.4%	16.1%
Energy	22.6%	7.0%
Financial Services	1.8%	12.8%
Basic Materials	-	2.4%
Communication Services	-	12.4%
Consumer Cyclical	-	13.8%
Consumer Defensive	-	10.9%
Healthcare	-	3.3%
Real Estate	-	0.1%
Technology	-	20.3%

Return for Risk

TINF.TO vs. TQGM.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: 45
TINF.TO Sharpe Ratio Rank: 41
TINF.TO Sortino Ratio Rank: 38
TINF.TO Omega Ratio Rank: 39
TINF.TO Calmar Ratio Rank: 60
TINF.TO Martin Ratio Rank: 47

TQGM.TO

TQGM.TO Risk / Return Rank: 84
TQGM.TO Sharpe Ratio Rank: 83
TQGM.TO Sortino Ratio Rank: 87
TQGM.TO Omega Ratio Rank: 83
TQGM.TO Calmar Ratio Rank: 82
TQGM.TO Martin Ratio Rank: 86

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. TQGM.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 TD Q Global Multifactor ETF (TQGM.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.

	TINF.TO	TQGM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.70	-1.26
Sortino ratio: Return per unit of downside risk	1.97	3.92	-1.96
Omega ratio: Gain probability vs. loss probability	1.26	1.50	-0.25
Calmar ratio: Return relative to maximum drawdown	2.97	4.37	-1.40
Martin ratio: Return relative to average drawdown	7.60	17.98	-10.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TINF.TO Sharpe Ratio is 1.44, which is lower than the TQGM.TO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of TINF.TO and TQGM.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.

Sharpe Ratios by Period

	TINF.TO	TQGM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.70	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	1.29	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.91	+0.07

Drawdowns

TINF.TO vs. TQGM.TO - Drawdown Comparison

The maximum TINF.TO drawdown since its inception was -13.48%, smaller than the maximum TQGM.TO drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for TINF.TO and TQGM.TO.

Drawdown Indicators

	TINF.TO	TQGM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.48%	-24.34%	+10.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.03%	-6.57%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	-10.23%	-10.38%	+0.15%
Max Drawdown (5Y) Largest decline over 5 years	-13.48%	-14.62%	+1.14%
Current Drawdown Current decline from peak	-3.68%	0.00%	-3.68%
Average Drawdown Average peak-to-trough decline	-2.43%	-3.47%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.60%	+0.36%

Volatility

TINF.TO vs. TQGM.TO - Volatility Comparison

TD Active Global Infrastructure Equity ETF (TINF.TO) has a higher volatility of 4.87% compared to TD Q Global Multifactor ETF (TQGM.TO) at 2.90%. This indicates that TINF.TO's price experiences larger fluctuations and is considered to be riskier than TQGM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINF.TO	TQGM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	2.90%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	8.28%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	10.67%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.83%	10.77%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.02%	12.40%	-0.38%

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

TINF.TO has a 0.73% expense ratio, which is higher than TQGM.TO's 0.45% expense ratio.

Dividends

TINF.TO vs. TQGM.TO - Dividend Comparison

TINF.TO's dividend yield for the trailing twelve months is around 2.65%, more than TQGM.TO's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TINF.TO TD Active Global Infrastructure Equity ETF	2.65%	2.89%	2.85%	3.39%	2.97%	2.28%	0.99%
TQGM.TO TD Q Global Multifactor ETF	1.20%	1.36%	2.18%	2.67%	2.82%	2.40%	2.17%

Frequently Asked Questions

Can I hold both TINF.TO and TQGM.TO in my portfolio?

TINF.TO and TQGM.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TINF.TO or TQGM.TO?

On fees, TQGM.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TINF.TO or TQGM.TO?

TQGM.TO is cheaper with a 0.45% expense ratio, compared with 0.73% for TINF.TO.

What is the main difference between TINF.TO and TQGM.TO?

TINF.TO is categorized as Global Equities, while TQGM.TO is Multi-factor. Their fees differ too: 0.73% for TINF.TO and 0.45% for TQGM.TO.