TPE.TO vs. GSID

Last updated Jun 4, 2026

TPE.TO (TD International Equity Index ETF) and GSID (Goldman Sachs MarketBeta International Equity ETF) are both exchange-traded funds - TPE.TO is a International Equity fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), while GSID is a Foreign Large Cap Equities fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. Both are passively managed. Over the past 5 years, TPE.TO returned 11.09%/yr vs 11.24%/yr for GSID. Their correlation of 0.85 suggests significant overlap in exposure. TPE.TO charges 0.19%/yr vs 0.20%/yr for GSID.

Performance

TPE.TO vs. GSID - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD International Equity Index ETF (TPE.TO) and Goldman Sachs MarketBeta International Equity ETF (GSID). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TPE.TO is traded in CAD, while GSID is traded in USD. To make them comparable, the GSID values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with TPE.TO having a 9.84% return and GSID slightly higher at 10.21%.

TPE.TO

• 1D: -0.43%
• 1M: 5.26%
• YTD: 9.84%
• 6M: 10.54%
• 1Y: 23.20%
• 3Y*: 17.84%
• 5Y*: 11.09%
• 10Y*: 9.84%

GSID

• 1D: -0.23%
• 1M: 5.75%
• YTD: 10.21%
• 6M: 10.88%
• 1Y: 23.58%
• 3Y*: 17.97%
• 5Y*: 11.24%
• 10Y*: —

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

TPE.TO vs. GSID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TPE.TO TD International Equity Index ETF	9.84%	25.30%	12.36%	15.65%	-9.18%	10.41%	22.72%
GSID Goldman Sachs MarketBeta International Equity ETF	10.21%	25.73%	12.50%	15.04%	-8.69%	9.67%	22.84%

Correlation

The correlation between TPE.TO and GSID is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 19, 2020	0.85

The correlation between TPE.TO and GSID has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

TPE.TO vs. GSID - Sectors Allocation Comparison

Sectors	TPE.TO	GSID
Financial Services	24.0%	24.1%
Industrials	19.8%	19.8%
Technology	10.4%	10.4%
Healthcare	10.4%	10.4%
Consumer Cyclical	7.8%	7.8%
Consumer Defensive	6.7%	6.7%
Basic Materials	6.1%	6.1%
Communication Services	4.5%	4.5%
Energy	4.2%	4.2%
Utilities	3.9%	3.9%
Real Estate	2.2%	2.2%

Return for Risk

TPE.TO vs. GSID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPE.TO

TPE.TO Risk / Return Rank: 45
TPE.TO Sharpe Ratio Rank: 44
TPE.TO Sortino Ratio Rank: 45
TPE.TO Omega Ratio Rank: 46
TPE.TO Calmar Ratio Rank: 41
TPE.TO Martin Ratio Rank: 48

GSID

GSID Risk / Return Rank: 41
GSID Sharpe Ratio Rank: 41
GSID Sortino Ratio Rank: 42
GSID Omega Ratio Rank: 40
GSID Calmar Ratio Rank: 39
GSID Martin Ratio Rank: 45

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.

TPE.TO vs. GSID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD International Equity Index ETF (TPE.TO) and Goldman Sachs MarketBeta International Equity ETF (GSID). 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.

	TPE.TO	GSID	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.68	-0.11
Sortino ratio: Return per unit of downside risk	2.27	2.42	-0.15
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.06	2.14	-0.09
Martin ratio: Return relative to average drawdown	7.95	8.40	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPE.TO vs. GSID - Sharpe Ratio Comparison

The current TPE.TO Sharpe Ratio is 1.57, which is comparable to the GSID Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of TPE.TO and GSID, 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

	TPE.TO	GSID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.68	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.84	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.05	-0.40

Drawdowns

TPE.TO vs. GSID - Drawdown Comparison

The maximum TPE.TO drawdown since its inception was -27.42%, which is greater than GSID's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for TPE.TO and GSID.

Drawdown Indicators

	TPE.TO	GSID	Difference
Max Drawdown Largest peak-to-trough decline	-27.42%	-23.91%	-3.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-11.05%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-14.33%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-23.91%	-0.90%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-3.37%	-0.29%	-3.08%
Average Drawdown Average peak-to-trough decline	-4.42%	-4.04%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.81%	+0.12%

Volatility

TPE.TO vs. GSID - Volatility Comparison

TD International Equity Index ETF (TPE.TO) has a higher volatility of 6.99% compared to Goldman Sachs MarketBeta International Equity ETF (GSID) at 4.60%. This indicates that TPE.TO's price experiences larger fluctuations and is considered to be riskier than GSID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPE.TO	GSID	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	4.60%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	12.56%	11.87%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	14.15%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	13.46%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	13.38%	+1.52%

TPE.TO vs. GSID - Expense Ratio Comparison

TPE.TO has a 0.19% expense ratio, which is lower than GSID's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TPE.TO vs. GSID - Dividend Comparison

TPE.TO's dividend yield for the trailing twelve months is around 2.13%, less than GSID's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GSID Goldman Sachs MarketBeta International Equity ETF	2.43%	2.64%	2.90%	2.59%	2.57%	2.93%	1.02%	0.00%	0.00%	0.00%	0.00%
TPE.TO TD International Equity Index ETF	2.13%	2.30%	2.37%	2.66%	2.89%	2.41%	2.42%	2.60%	2.94%	2.35%	2.21%

Frequently Asked Questions

Can I hold both TPE.TO and GSID in my portfolio?

TPE.TO and GSID have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPE.TO or GSID?

On fees, TPE.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPE.TO or GSID?

TPE.TO is cheaper with a 0.19% expense ratio, compared with 0.20% for GSID.

What is the main difference between TPE.TO and GSID?

TPE.TO is categorized as International Equity, while GSID is Foreign Large Cap Equities. TPE.TO tracks Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), while GSID tracks Solactive GBS Developed Markets ex North America Large & Mid Cap Index. They also come from different issuers: TD and Goldman Sachs. Their fees differ too: 0.19% for TPE.TO and 0.20% for GSID.