TINF.TO vs. VVL.TO

Last updated Jul 18, 2026

TINF.TO (TD Active Global Infrastructure Equity ETF) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. Both are actively managed. Over the past 5 years, TINF.TO returned 12.86%/yr vs 15.08%/yr for VVL.TO. At a 0.50 correlation, their price movements are largely independent. TINF.TO charges 0.73%/yr vs 0.38%/yr for VVL.TO.

Performance

TINF.TO vs. VVL.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 Vanguard Global Value Factor ETF CAD (VVL.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 13.92% return, which is significantly lower than VVL.TO's 17.21% return.

TINF.TO

• 1D: -0.04%
• 1M: 0.33%
• 6M: 10.90%
• YTD: 13.92%
• 1Y: 18.75%
• 3Y*: 18.19%
• 5Y*: 12.86%
• 10Y*: —

VVL.TO

• 1D: -0.88%
• 1M: 3.91%
• 6M: 11.32%
• YTD: 17.21%
• 1Y: 30.32%
• 3Y*: 20.05%
• 5Y*: 15.08%
• 10Y*: 12.27%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TINF.TO TD Active Global Infrastructure Equity ETF	13.92%	14.91%	22.73%	4.63%	3.82%	9.89%	5.19%
VVL.TO Vanguard Global Value Factor ETF CAD	17.21%	18.01%	15.01%	16.57%	0.50%	29.77%	24.08%

Correlation

The correlation between TINF.TO and VVL.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020	0.50

The correlation between TINF.TO and VVL.TO has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

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

Sectors	TINF.TO	VVL.TO
Utilities	43.3%	0.0%
Industrials	34.9%	9.8%
Energy	21.8%	9.4%
Financial Services	1.8%	25.3%
Basic Materials	-	6.0%
Communication Services	-	6.1%
Consumer Cyclical	-	14.8%
Consumer Defensive	-	6.5%
Healthcare	-	10.8%
Real Estate	-	0.9%
Technology	-	10.5%

Return for Risk

TINF.TO vs. VVL.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: 72
TINF.TO Sharpe Ratio Rank: 70
TINF.TO Sortino Ratio Rank: 67
TINF.TO Omega Ratio Rank: 68
TINF.TO Calmar Ratio Rank: 86
TINF.TO Martin Ratio Rank: 67

VVL.TO

VVL.TO Risk / Return Rank: 85
VVL.TO Sharpe Ratio Rank: 86
VVL.TO Sortino Ratio Rank: 87
VVL.TO Omega Ratio Rank: 83
VVL.TO Calmar Ratio Rank: 82
VVL.TO Martin Ratio Rank: 85

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. VVL.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 Vanguard Global Value Factor ETF CAD (VVL.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.TO	VVL.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.21	-0.44
Sortino ratio: Return per unit of downside risk	2.40	3.20	-0.79
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	3.74	3.45	+0.30
Martin ratio: Return relative to average drawdown	9.13	13.60	-4.46

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

The current TINF.TO Sharpe Ratio is 1.76, which is comparable to the VVL.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of TINF.TO and VVL.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

TINF.TO vs. VVL.TO - Drawdown Comparison

The maximum TINF.TO drawdown since its inception was -13.62%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for TINF.TO and VVL.TO.

Drawdown Indicators

	TINF.TO	VVL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.62%	-43.88%	+30.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.03%	-8.83%	+3.80%
Max Drawdown (3Y) Largest decline over 3 years	-10.23%	-18.07%	+7.84%
Max Drawdown (5Y) Largest decline over 5 years	-13.62%	-18.07%	+4.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.88%	—
Current Drawdown Current decline from peak	-2.90%	-0.88%	-2.02%
Average Drawdown Average peak-to-trough decline	-2.44%	-5.73%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.24%	-0.18%

Volatility

TINF.TO vs. VVL.TO - Volatility Comparison

The current volatility for TD Active Global Infrastructure Equity ETF (TINF.TO) is 3.04%, while Vanguard Global Value Factor ETF CAD (VVL.TO) has a volatility of 3.21%. This indicates that TINF.TO experiences smaller price fluctuations and is considered to be less risky than VVL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINF.TO	VVL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.21%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	9.57%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	13.84%	-3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.88%	16.07%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.04%	18.77%	-6.73%

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

TINF.TO has a 0.73% expense ratio, which is higher than VVL.TO's 0.38% expense ratio.

Dividends

TINF.TO vs. VVL.TO - Dividend Comparison

TINF.TO's dividend yield for the trailing twelve months is around 2.57%, more than VVL.TO's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TINF.TO TD Active Global Infrastructure Equity ETF	2.57%	2.89%	2.85%	3.39%	2.97%	2.28%	0.99%	0.00%	0.00%	0.00%	0.00%
VVL.TO Vanguard Global Value Factor ETF CAD	1.61%	1.89%	2.19%	2.69%	2.57%	1.50%	1.70%	2.65%	2.15%	1.35%	0.60%

Frequently Asked Questions

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

TINF.TO and VVL.TO have a correlation of 0.44, 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 VVL.TO?

On fees, VVL.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VVL.TO is cheaper with a 0.38% expense ratio, compared with 0.73% for TINF.TO.

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

They also come from different issuers: TD and Vanguard. Their fees differ too: 0.73% for TINF.TO and 0.38% for VVL.TO.