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TPE.TO vs. QDXH.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TPE.TO vs. QDXH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD International Equity Index ETF (TPE.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO).

TPE.TO and QDXH.TO 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. QDXH.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index. It was launched on Jan 29, 2018. Both TPE.TO and QDXH.TO 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. QDXH.TO - Performance Comparison

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

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TPE.TO vs. QDXH.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
TPE.TO
TD International Equity Index ETF		2.51%25.30%12.36%15.65%-9.18%10.41%6.19%16.38%-10.10%
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedged)		-1.14%22.00%13.25%14.25%-2.55%20.52%-0.42%20.43%-12.11%

Returns By Period

In the year-to-date period, TPE.TO achieves a 2.51% return, which is significantly higher than QDXH.TO's -1.14% return.

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%

QDXH.TO

1D
-0.37%
1M
-8.62%
YTD
-1.14%
6M
6.01%
1Y
16.65%
3Y*
14.48%
5Y*
11.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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TD International Equity Index ETF

Mackenzie International Equity Index ETF (CAD-Hedged)

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TPE.TO vs. VIU.TOTPE.TO vs. XEF.TOTPE.TO vs. ZEA.TOTPE.TO vs. VIDY.TOTPE.TO vs. TPU.TOTPE.TO vs. GSIDTPE.TO vs. AVDV
Often compared with QDXH.TO:
QDXH.TO vs. QDX.TOQDXH.TO vs. MGRW.TOQDXH.TO vs. QTIP.NEOQDXH.TO vs. KNGX.TOQDXH.TO vs. THE.TOQDXH.TO vs. QQQQ.TOQDXH.TO vs. FLVI.NEO

TPE.TO vs. QDXH.TO - Expense Ratio Comparison

TPE.TO
TD International Equity Index ETF

Return for Risk

TPE.TO vs. QDXH.TO — 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: 6666
Overall Rank
TPE.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
TPE.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
TPE.TO Omega Ratio Rank: 6565
Omega Ratio Rank
TPE.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
TPE.TO Martin Ratio Rank: 6363
Martin Ratio Rank
QDXH.TO
QDXH.TO Risk / Return Rank: 5555
Overall Rank
QDXH.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
QDXH.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
QDXH.TO Omega Ratio Rank: 7777
Omega Ratio Rank
QDXH.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
QDXH.TO Martin Ratio Rank: 5050
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.

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

This table presents a comparison of risk-adjusted performance metrics for TD International Equity Index ETF (TPE.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.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.

TPE.TOQDXH.TODifference

Sharpe ratio

Return per unit of total volatility

1.16

1.03

+0.13

Sortino ratio

Return per unit of downside risk

1.63

1.36

+0.28

Omega ratio

Gain probability vs. loss probability

1.23

1.30

-0.07

Calmar ratio

Return relative to maximum drawdown

1.63

1.17

+0.46

Martin ratio

Return relative to average drawdown

6.17

4.97

+1.20

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. QDXH.TO - Sharpe Ratio Comparison

The current TPE.TO Sharpe Ratio is 1.16, which is comparable to the QDXH.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of TPE.TO and QDXH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TPE.TOQDXH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

1.03

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.90

-0.15

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

0.55

+0.06

Correlation

The correlation between TPE.TO and QDXH.TO is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TPE.TO vs. QDXH.TO - Dividend Comparison

TPE.TO's dividend yield for the trailing twelve months is around 2.29%, less than QDXH.TO's 2.82% yield.

TTM2025202420232022202120202019201820172016
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%
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedged)		2.82%2.41%2.64%2.76%2.92%2.28%1.96%2.65%3.13%0.00%0.00%

Drawdowns

TPE.TO vs. QDXH.TO - Drawdown Comparison

The maximum TPE.TO drawdown since its inception was -27.42%, smaller than the maximum QDXH.TO drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for TPE.TO and QDXH.TO.

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Drawdown Indicators

TPE.TOQDXH.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.42%

-31.75%

+4.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.40%

-10.40%

-1.00%

Max Drawdown (5Y)

Largest decline over 5 years

-24.81%

-15.79%

-9.02%

Max Drawdown (10Y)

Largest decline over 10 years

-27.42%

—

—

Current Drawdown

Current decline from peak

-6.82%

-9.04%

+2.22%

Average Drawdown

Average peak-to-trough decline

-4.44%

-3.91%

-0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

2.87%

+0.16%

Volatility

TPE.TO vs. QDXH.TO - Volatility Comparison

TD International Equity Index ETF (TPE.TO) has a higher volatility of 7.60% compared to Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) at 5.40%. This indicates that TPE.TO's price experiences larger fluctuations and is considered to be riskier than QDXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TPE.TOQDXH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.60%

5.40%

+2.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.70%

8.66%

+2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

16.62%

13.97%

+2.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.71%

12.47%

+1.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.72%

15.24%

-0.52%