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TQCD.TO vs. XETM.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TQCD.TO vs. XETM.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD Q Canadian Dividend ETF (TQCD.TO) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO).

TQCD.TO and XETM.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQCD.TO is an actively managed fund by TD. It was launched on Nov 20, 2019. XETM.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Energy Transition Materials Index. It was launched on Sep 6, 2023.

Performance

TQCD.TO vs. XETM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Canadian Dividend ETF (TQCD.TO) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO). The values are adjusted to include any dividend payments, if applicable.

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TQCD.TO vs. XETM.TO - Yearly Performance Comparison

2026 (YTD)202520242023
TQCD.TO
TD Q Canadian Dividend ETF		7.84%33.11%22.27%5.18%
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ETF		12.67%74.97%5.16%-2.24%

Returns By Period

In the year-to-date period, TQCD.TO achieves a 7.84% return, which is significantly lower than XETM.TO's 12.67% return.

TQCD.TO

1D
0.45%
1M
-2.85%
YTD
7.84%
6M
16.14%
1Y
38.27%
3Y*
23.31%
5Y*
17.81%
10Y*
—

XETM.TO

1D
2.43%
1M
-12.58%
YTD
12.67%
6M
34.52%
1Y
91.80%
3Y*
—
5Y*
—
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 Q Canadian Dividend ETF

iShares S&P/TSX Energy Transition Materials Index ETF

Often compared with TQCD.TO:
TQCD.TO vs. VDY.TOTQCD.TO vs. XDIV.TOTQCD.TO vs. TTP.TOTQCD.TO vs. XIC.TOTQCD.TO vs. HDIV.TOTQCD.TO vs. SCHDTQCD.TO vs. CEW.TO
Often compared with XETM.TO:
XETM.TO vs. XMA.TOXETM.TO vs. SETMXETM.TO vs. XBM.TOXETM.TO vs. HURA.TOXETM.TO vs. TINF.TOXETM.TO vs. VCN.TOXETM.TO vs. AVDV

TQCD.TO vs. XETM.TO - Expense Ratio Comparison

TQCD.TO has a 0.39% expense ratio, which is lower than XETM.TO's 0.59% expense ratio.

XETM.TO
iShares S&P/TSX Energy Transition Materials Index ETF
TQCD.TO
TD Q Canadian Dividend ETF

Return for Risk

TQCD.TO vs. XETM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQCD.TO
TQCD.TO Risk / Return Rank: 9696
Overall Rank
TQCD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
TQCD.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
TQCD.TO Omega Ratio Rank: 9797
Omega Ratio Rank
TQCD.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
TQCD.TO Martin Ratio Rank: 9797
Martin Ratio Rank
XETM.TO
XETM.TO Risk / Return Rank: 9090
Overall Rank
XETM.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XETM.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
XETM.TO Omega Ratio Rank: 9494
Omega Ratio Rank
XETM.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XETM.TO Martin Ratio Rank: 8383
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.

TQCD.TO vs. XETM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Dividend ETF (TQCD.TO) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM.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.TOXETM.TODifference

Sharpe ratio

Return per unit of total volatility

2.97

2.10

+0.87

Sortino ratio

Return per unit of downside risk

3.68

2.69

+0.99

Omega ratio

Gain probability vs. loss probability

1.62

1.46

+0.16

Calmar ratio

Return relative to maximum drawdown

3.67

3.37

+0.30

Martin ratio

Return relative to average drawdown

19.15

10.09

+9.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQCD.TO vs. XETM.TO - Sharpe Ratio Comparison

The current TQCD.TO Sharpe Ratio is 2.97, which is higher than the XETM.TO Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TQCD.TO and XETM.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

TQCD.TOXETM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.97

2.10

+0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.46

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.92

-0.22

Correlation

The correlation between TQCD.TO and XETM.TO is 0.29, 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

TQCD.TO vs. XETM.TO - Dividend Comparison

TQCD.TO's dividend yield for the trailing twelve months is around 2.87%, more than XETM.TO's 0.59% yield.

TTM2025202420232022202120202019
TQCD.TO
TD Q Canadian Dividend ETF		2.87%2.95%3.47%3.73%4.03%4.09%6.20%0.39%
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ETF		0.59%0.66%0.69%0.48%0.00%0.00%0.00%0.00%

Drawdowns

TQCD.TO vs. XETM.TO - Drawdown Comparison

The maximum TQCD.TO drawdown since its inception was -46.47%, which is greater than XETM.TO's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for TQCD.TO and XETM.TO.

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Drawdown Indicators

TQCD.TOXETM.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.47%

-33.71%

-12.76%

Max Drawdown (1Y)

Largest decline over 1 year

-10.74%

-25.13%

+14.39%

Max Drawdown (5Y)

Largest decline over 5 years

-15.65%

—

—

Current Drawdown

Current decline from peak

-2.85%

-13.05%

+10.20%

Average Drawdown

Average peak-to-trough decline

-6.14%

-8.17%

+2.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

9.10%

-7.04%

Volatility

TQCD.TO vs. XETM.TO - Volatility Comparison

The current volatility for TD Q Canadian Dividend ETF (TQCD.TO) is 4.30%, while iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) has a volatility of 15.57%. This indicates that TQCD.TO experiences smaller price fluctuations and is considered to be less risky than XETM.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.TOXETM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

15.57%

-11.27%

Volatility (6M)

Calculated over the trailing 6-month period

8.42%

31.12%

-22.70%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

43.89%

-30.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.25%

34.71%

-22.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.62%

34.71%

-15.09%