TPE.TO vs. GSID

Last updated Apr 1, 2026

Compare and contrast key facts about TD International Equity Index ETF (TPE.TO) and Goldman Sachs MarketBeta International Equity ETF (GSID).

TPE.TO and GSID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPE.TO is a passively managed fund by TD that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR). It was launched on Mar 22, 2016. GSID is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Index. It was launched on May 12, 2020. Both TPE.TO and GSID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

TPE.TO vs. GSID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TPE.TO TD International Equity Index ETF	2.51%	25.30%	12.36%	15.65%	-9.18%	10.41%	22.72%
GSID Goldman Sachs MarketBeta International Equity ETF	2.54%	25.73%	12.50%	15.04%	-8.69%	9.67%	22.84%

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 2.51% return and GSID slightly higher at 2.54%.

TPE.TO

• 1D: 3.00%
• 1M: -6.15%
• YTD: 2.51%
• 6M: 5.84%
• 1Y: 19.21%
• 3Y*: 15.38%
• 5Y*: 10.20%
• 10Y*: 9.42%

GSID

• 1D: 2.77%
• 1M: -6.17%
• YTD: 2.54%
• 6M: 5.79%
• 1Y: 19.41%
• 3Y*: 15.49%
• 5Y*: 10.13%
• 10Y*: —

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

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%.

GSID

Goldman Sachs MarketBeta International Equity ETF

TPE.TO

TD International Equity Index ETF

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: 66
TPE.TO Sharpe Ratio Rank: 67
TPE.TO Sortino Ratio Rank: 66
TPE.TO Omega Ratio Rank: 65
TPE.TO Calmar Ratio Rank: 66
TPE.TO Martin Ratio Rank: 63

GSID

GSID Risk / Return Rank: 75
GSID Sharpe Ratio Rank: 75
GSID Sortino Ratio Rank: 76
GSID Omega Ratio Rank: 75
GSID Calmar Ratio Rank: 76
GSID Martin Ratio Rank: 74

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	1.16	1.21	-0.05
Sortino ratio Return per unit of downside risk	1.63	1.70	-0.07
Omega ratio Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio Return relative to maximum drawdown	1.63	1.66	-0.03
Martin ratio Return relative to average drawdown	6.17	6.34	-0.17
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 1.16, which is comparable to the GSID Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of TPE.TO and GSID, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TPE.TO	GSID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.21	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.77	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.99	-0.37

Correlation

The correlation between TPE.TO and GSID is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TPE.TO vs. GSID - Dividend Comparison

TPE.TO's dividend yield for the trailing twelve months is around 2.29%, less than GSID's 2.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TPE.TO TD International Equity Index ETF	2.29%	2.30%	2.37%	2.66%	2.89%	2.41%	2.42%	2.60%	2.94%	2.35%	2.21%
GSID Goldman Sachs MarketBeta International Equity ETF	2.62%	2.64%	2.90%	2.59%	2.57%	2.93%	1.02%	0.00%	0.00%	0.00%	0.00%

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%	-29.89%	+2.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-11.34%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-29.89%	+5.08%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-6.82%	-8.27%	+1.45%
Average Drawdown Average peak-to-trough decline	-4.44%	-5.81%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	2.97%	+0.06%

Volatility

TPE.TO vs. GSID - Volatility Comparison

TD International Equity Index ETF (TPE.TO) and Goldman Sachs MarketBeta International Equity ETF (GSID) have volatilities of 7.60% and 7.56%, 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.

Volatility by Period

	TPE.TO	GSID	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	7.56%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	10.64%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	16.13%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.71%	13.23%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.72%	13.24%	+1.48%