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

TPE.TO vs. TBAL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD International Equity Index ETF (TPE.TO) and TD Balanced ETF Portfolio (TBAL.TO).

TPE.TO and TBAL.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. TBAL.TO is an actively managed fund by TD. It was launched on Aug 11, 2020.

Performance

TPE.TO vs. TBAL.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 TD Balanced ETF Portfolio (TBAL.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020
TPE.TO
TD International Equity Index ETF		2.51%25.30%12.36%15.65%-9.18%10.41%9.38%
TBAL.TO
TD Balanced ETF Portfolio		0.33%13.83%16.01%15.85%-12.63%12.93%5.05%

Returns By Period

In the year-to-date period, TPE.TO achieves a 2.51% return, which is significantly higher than TBAL.TO's 0.33% 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%

TBAL.TO

1D
1.74%
1M
-3.48%
YTD
0.33%
6M
2.23%
1Y
12.93%
3Y*
12.81%
5Y*
8.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD International Equity Index ETF

TD Balanced ETF Portfolio

Often compared with TPE.TO:
TPE.TO vs. VIU.TOTPE.TO vs. XEF.TOTPE.TO vs. ZEA.TOTPE.TO vs. VIDY.TOTPE.TO vs. GSIDTPE.TO vs. TPU.TOTPE.TO vs. AVDV
Often compared with TBAL.TO:
TBAL.TO vs. TGRO.TOTBAL.TO vs. VBAL.TOTBAL.TO vs. XBAL.TOTBAL.TO vs. TEQT.TOTBAL.TO vs. VDY.TOTBAL.TO vs. HDIV.TOTBAL.TO vs. VCNS.TO

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

TPE.TO has a 0.19% expense ratio, which is higher than TBAL.TO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

TPE.TO
TD International Equity Index ETF
TBAL.TO
TD Balanced ETF Portfolio

Return for Risk

TPE.TO vs. TBAL.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
TBAL.TO
TBAL.TO Risk / Return Rank: 7676
Overall Rank
TBAL.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TBAL.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
TBAL.TO Omega Ratio Rank: 7575
Omega Ratio Rank
TBAL.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
TBAL.TO Martin Ratio Rank: 7676
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. TBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD International Equity Index ETF (TPE.TO) and TD Balanced ETF Portfolio (TBAL.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.TOTBAL.TODifference

Sharpe ratio

Return per unit of total volatility

1.16

1.35

-0.19

Sortino ratio

Return per unit of downside risk

1.63

1.87

-0.24

Omega ratio

Gain probability vs. loss probability

1.23

1.27

-0.04

Calmar ratio

Return relative to maximum drawdown

1.63

1.89

-0.25

Martin ratio

Return relative to average drawdown

6.17

7.74

-1.57

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. TBAL.TO - Sharpe Ratio Comparison

The current TPE.TO Sharpe Ratio is 1.16, which is comparable to the TBAL.TO Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of TPE.TO and TBAL.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.TOTBAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

1.35

-0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.92

-0.17

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

0.97

-0.35

Correlation

The correlation between TPE.TO and TBAL.TO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TPE.TO vs. TBAL.TO - Dividend Comparison

TPE.TO's dividend yield for the trailing twelve months is around 2.29%, less than TBAL.TO's 2.50% 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%
TBAL.TO
TD Balanced ETF Portfolio		2.50%2.56%2.54%2.65%2.65%1.64%0.88%0.00%0.00%0.00%0.00%

Drawdowns

TPE.TO vs. TBAL.TO - Drawdown Comparison

The maximum TPE.TO drawdown since its inception was -27.42%, which is greater than TBAL.TO's maximum drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for TPE.TO and TBAL.TO.

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Drawdown Indicators

TPE.TOTBAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.42%

-17.34%

-10.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.40%

-7.17%

-4.23%

Max Drawdown (5Y)

Largest decline over 5 years

-24.81%

-17.34%

-7.47%

Max Drawdown (10Y)

Largest decline over 10 years

-27.42%

—

—

Current Drawdown

Current decline from peak

-6.82%

-3.83%

-2.99%

Average Drawdown

Average peak-to-trough decline

-4.44%

-3.62%

-0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

1.75%

+1.28%

Volatility

TPE.TO vs. TBAL.TO - Volatility Comparison

TD International Equity Index ETF (TPE.TO) has a higher volatility of 7.60% compared to TD Balanced ETF Portfolio (TBAL.TO) at 4.05%. This indicates that TPE.TO's price experiences larger fluctuations and is considered to be riskier than TBAL.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.TOTBAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.60%

4.05%

+3.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.70%

6.12%

+4.58%

Volatility (1Y)

Calculated over the trailing 1-year period

16.62%

9.63%

+6.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.71%

9.02%

+4.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.72%

8.96%

+5.76%