TQCD.TO vs. RATE.TO
TQCD.TO (TD Q Canadian Dividend ETF) and RATE.TO (Arrow EC Income Advantage Alternative Fund) are both exchange-traded funds - TQCD.TO is a Canada Equities fund actively managed by TD, while RATE.TO is a fund fund. Over the past 5 years, TQCD.TO returned 17.84%/yr vs 6.03%/yr for RATE.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
TQCD.TO vs. RATE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TQCD.TO achieves a 14.98% return, which is significantly higher than RATE.TO's 1.10% return.
TQCD.TO
- 1D
- -0.42%
- 1M
- 3.98%
- YTD
- 14.98%
- 6M
- 17.36%
- 1Y
- 37.82%
- 3Y*
- 26.50%
- 5Y*
- 17.84%
- 10Y*
- —
RATE.TO
- 1D
- -0.07%
- 1M
- 0.51%
- YTD
- 1.10%
- 6M
- 1.49%
- 1Y
- 3.64%
- 3Y*
- 7.32%
- 5Y*
- 6.03%
- 10Y*
- —
TQCD.TO vs. RATE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TQCD.TO TD Q Canadian Dividend ETF | 14.98% | 33.11% | 22.27% | 12.29% | 1.68% | 26.29% | -13.24% | 3.12% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.10% | 4.60% | 7.87% | 13.19% | 3.24% | 2.46% | 3.49% | 0.60% |
Correlation
The correlation between TQCD.TO and RATE.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2019 | 0.01 |
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Return for Risk
TQCD.TO vs. RATE.TO — Risk / Return Rank
TQCD.TO
RATE.TO
TQCD.TO vs. RATE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Dividend ETF (TQCD.TO) and Arrow EC Income Advantage Alternative Fund (RATE.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.
| TQCD.TO | RATE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.31 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 4.57 | +0.66 |
| Martin ratioReturn relative to average drawdown | 25.92 | 15.31 | +10.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TQCD.TO | RATE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.83 | 1.62 | +2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 1.50 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.84 | -0.09 |
Drawdowns
TQCD.TO vs. RATE.TO - Drawdown Comparison
The maximum TQCD.TO drawdown since its inception was -46.47%, which is greater than RATE.TO's maximum drawdown of -14.01%. Use the drawdown chart below to compare losses from any high point for TQCD.TO and RATE.TO.
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Drawdown Indicators
| TQCD.TO | RATE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -14.01% | -32.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -0.80% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -1.70% | -10.72% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | -3.38% | -12.27% |
Current DrawdownCurrent decline from peak | -0.42% | -0.07% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -0.80% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.24% | +1.22% |
Volatility
TQCD.TO vs. RATE.TO - Volatility Comparison
TD Q Canadian Dividend ETF (TQCD.TO) has a higher volatility of 2.86% compared to Arrow EC Income Advantage Alternative Fund (RATE.TO) at 0.74%. This indicates that TQCD.TO's price experiences larger fluctuations and is considered to be riskier than RATE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQCD.TO | RATE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 0.74% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 1.85% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.92% | 2.26% | +7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.33% | 4.03% | +8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 5.75% | +13.68% |
Dividends
TQCD.TO vs. RATE.TO - Dividend Comparison
TQCD.TO's dividend yield for the trailing twelve months is around 2.77%, less than RATE.TO's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.64% | 4.60% | 5.68% | 7.43% | 4.97% | 3.52% | 2.98% | 2.99% | 2.32% |
TQCD.TO TD Q Canadian Dividend ETF | 2.77% | 2.95% | 3.47% | 3.73% | 4.03% | 4.09% | 6.20% | 0.39% | 0.00% |
Frequently Asked Questions
TQCD.TO and RATE.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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