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TQGD.TO vs. HAZ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TQGD.TO vs. HAZ.TO

Last updated Jul 14, 2026
Documentation

TQGD.TO (TD Q Global Dividend ETF) and HAZ.TO (Global X Active Global Dividend ETF) are both Global Equity Income funds. TQGD.TO is passively managed, while HAZ.TO is actively managed. Over the past 5 years, TQGD.TO returned 14.95%/yr vs 13.67%/yr for HAZ.TO. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

TQGD.TO vs. HAZ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q Global Dividend ETF (TQGD.TO) and Global X Active Global Dividend ETF (HAZ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TQGD.TO achieves a 16.41% return, which is significantly higher than HAZ.TO's 14.73% return.

TQGD.TO

1D
-0.46%
1M
1.87%
6M
12.99%
YTD
16.41%
1Y
27.40%
3Y*
19.55%
5Y*
14.95%
10Y*
—

HAZ.TO

1D
-0.75%
1M
3.11%
6M
11.87%
YTD
14.73%
1Y
21.89%
3Y*
18.58%
5Y*
13.67%
10Y*
11.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TQGD.TO vs. HAZ.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TQGD.TO
TD Q Global Dividend ETF		16.41%16.45%17.67%15.06%-2.95%26.09%-9.55%5.90%
HAZ.TO
Global X Active Global Dividend ETF		14.73%7.49%25.38%17.61%-8.86%27.34%7.50%-3.55%

Correlation

The correlation between TQGD.TO and HAZ.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2019

0.54

The correlation between TQGD.TO and HAZ.TO shifts across timeframes, from 0.54 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

TQGD.TO vs. HAZ.TO - Sectors Allocation Comparison

Sectors
TQGD.TO
HAZ.TO

Technology

31.2%
28.4%

Financial Services

16.4%
17.0%

Industrials

9.2%
9.8%

Healthcare

8.6%
8.6%

Communication Services

8.6%
7.3%

Consumer Defensive

6.6%
6.0%

Consumer Cyclical

6.4%
6.4%

Energy

4.6%
12.0%

Real Estate

4.2%
2.7%

Utilities

3.1%
1.1%

Basic Materials

1.3%
0.7%

Technology

TQGD.TO
31.2%
HAZ.TO
28.4%

Financial Services

TQGD.TO
16.4%
HAZ.TO
17.0%

Industrials

TQGD.TO
9.2%
HAZ.TO
9.8%

Healthcare

TQGD.TO
8.6%
HAZ.TO
8.6%

Communication Services

TQGD.TO
8.6%
HAZ.TO
7.3%

Consumer Defensive

TQGD.TO
6.6%
HAZ.TO
6.0%

Consumer Cyclical

TQGD.TO
6.4%
HAZ.TO
6.4%

Energy

TQGD.TO
4.6%
HAZ.TO
12.0%

Real Estate

TQGD.TO
4.2%
HAZ.TO
2.7%

Utilities

TQGD.TO
3.1%
HAZ.TO
1.1%

Basic Materials

TQGD.TO
1.3%
HAZ.TO
0.7%

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 Global Dividend ETF

Global X Active Global Dividend ETF

Often compared with TQGD.TO:
TQGD.TO vs. TQCD.TOTQGD.TO vs. TGED.TOTQGD.TO vs. TGFI.TOTQGD.TO vs. TGRO.TOTQGD.TO vs. TEQT.TOTQGD.TO vs. SCHDTQGD.TO vs. ZDI.TO
Often compared with HAZ.TO:
HAZ.TO vs. TGED.TOHAZ.TO vs. ZDH.TOHAZ.TO vs. CASH.TOHAZ.TO vs. PAYG.TOHAZ.TO vs. QQCL.TOHAZ.TO vs. HBNK.TOHAZ.TO vs. CHPS.TO

Return for Risk

TQGD.TO vs. HAZ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQGD.TO
TQGD.TO Risk / Return Rank: 9292
Overall Rank
TQGD.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
TQGD.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
TQGD.TO Omega Ratio Rank: 9292
Omega Ratio Rank
TQGD.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
TQGD.TO Martin Ratio Rank: 9292
Martin Ratio Rank
HAZ.TO
HAZ.TO Risk / Return Rank: 8585
Overall Rank
HAZ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HAZ.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
HAZ.TO Omega Ratio Rank: 8181
Omega Ratio Rank
HAZ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
HAZ.TO Martin Ratio Rank: 8686
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.

TQGD.TO vs. HAZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Global Dividend ETF (TQGD.TO) and Global X Active Global Dividend ETF (HAZ.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

TQGD.TOHAZ.TODifference
Sharpe ratioReturn per unit of total volatility
2.59
2.14

+0.45

Sortino ratioReturn per unit of downside risk
3.69
3.11

+0.57

Omega ratioGain probability vs. loss probability

1.48

1.37

+0.10

Calmar ratioReturn relative to maximum drawdown

4.55

4.01

+0.53

Martin ratioReturn relative to average drawdown

17.46

14.01

+3.46

TQGD.TO vs. HAZ.TO - Sharpe Ratio Comparison

The current TQGD.TO Sharpe Ratio is 2.59, which is comparable to the HAZ.TO Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of TQGD.TO and HAZ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TQGD.TO vs. HAZ.TO - Drawdown Comparison

The maximum TQGD.TO drawdown since its inception was -32.60%, which is greater than HAZ.TO's maximum drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for TQGD.TO and HAZ.TO.

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Drawdown Indicators

TQGD.TOHAZ.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.60%

-25.55%

-7.05%

Max Drawdown (1Y)

Largest decline over 1 year

-6.05%

-5.48%

-0.57%

Max Drawdown (3Y)

Largest decline over 3 years

-15.51%

-14.09%

-1.42%

Max Drawdown (5Y)

Largest decline over 5 years

-15.51%

-18.07%

+2.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.55%

—

Current Drawdown

Current decline from peak

-1.21%

-0.75%

-0.46%

Average Drawdown

Average peak-to-trough decline

-4.88%

-3.23%

-1.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.57%

1.57%

0.00%

Volatility

TQGD.TO vs. HAZ.TO - Volatility Comparison

TD Q Global Dividend ETF (TQGD.TO) has a higher volatility of 3.40% compared to Global X Active Global Dividend ETF (HAZ.TO) at 2.47%. This indicates that TQGD.TO's price experiences larger fluctuations and is considered to be riskier than HAZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TQGD.TOHAZ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

2.47%

+0.93%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

7.83%

+0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

10.65%

10.29%

+0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

12.15%

+5.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.54%

14.28%

+10.26%

Dividends

TQGD.TO vs. HAZ.TO - Dividend Comparison

TQGD.TO's dividend yield for the trailing twelve months is around 2.64%, more than HAZ.TO's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
HAZ.TO
Global X Active Global Dividend ETF		1.25%1.48%0.96%1.78%3.40%1.71%1.93%2.27%2.31%2.20%2.40%2.51%
TQGD.TO
TD Q Global Dividend ETF		2.64%2.89%3.39%3.65%3.89%3.26%4.85%0.35%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TQGD.TO and HAZ.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: TD and Global X.

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