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

TQGD.TO vs. VDY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Q Global Dividend ETF (TQGD.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).

TQGD.TO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQGD.TO is a passively managed fund by TD that tracks the performance of the MSCI World Index (Total Return). It was launched on Nov 20, 2019. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. Both TQGD.TO and VDY.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

TQGD.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022202120202019
TQGD.TO
TD Q Global Dividend ETF		2.94%16.45%17.65%15.06%1.03%21.14%-5.84%0.62%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		9.07%29.20%20.71%8.40%-0.23%36.78%-1.37%-0.78%

Returns By Period

In the year-to-date period, TQGD.TO achieves a 2.94% return, which is significantly lower than VDY.TO's 9.07% return.

TQGD.TO

1D
1.79%
1M
-2.52%
YTD
2.94%
6M
4.78%
1Y
16.84%
3Y*
15.94%
5Y*
12.74%
10Y*
—

VDY.TO

1D
1.12%
1M
0.19%
YTD
9.07%
6M
16.25%
1Y
39.26%
3Y*
22.01%
5Y*
16.73%
10Y*
13.53%
*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 Global Dividend ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with TQGD.TO:
TQGD.TO vs. TQCD.TOTQGD.TO vs. TGFI.TOTQGD.TO vs. ZDI.TOTQGD.TO vs. TGED.TOTQGD.TO vs. TEC.TOTQGD.TO vs. SCHDTQGD.TO vs. ACWI
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

TQGD.TO vs. VDY.TO - Expense Ratio Comparison

TQGD.TO has a 0.44% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

TQGD.TO
TD Q Global Dividend ETF
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF

Return for Risk

TQGD.TO vs. VDY.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: 6161
Overall Rank
TQGD.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
TQGD.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
TQGD.TO Omega Ratio Rank: 6565
Omega Ratio Rank
TQGD.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
TQGD.TO Martin Ratio Rank: 6262
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9797
Overall Rank
VDY.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
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. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q Global Dividend ETF (TQGD.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.

TQGD.TOVDY.TODifference

Sharpe ratio

Return per unit of total volatility

1.14

3.58

-2.44

Sortino ratio

Return per unit of downside risk

1.54

4.31

-2.77

Omega ratio

Gain probability vs. loss probability

1.24

1.77

-0.53

Calmar ratio

Return relative to maximum drawdown

1.38

4.00

-2.62

Martin ratio

Return relative to average drawdown

6.16

22.92

-16.76

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

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

The current TQGD.TO Sharpe Ratio is 1.14, which is lower than the VDY.TO Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of TQGD.TO and VDY.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

TQGD.TOVDY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

3.58

-2.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

1.47

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.80

-0.08

Correlation

The correlation between TQGD.TO and VDY.TO is 0.54, 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

TQGD.TO vs. VDY.TO - Dividend Comparison

TQGD.TO's dividend yield for the trailing twelve months is around 2.90%, less than VDY.TO's 3.51% yield.

TTM20252024202320222021202020192018201720162015
TQGD.TO
TD Q Global Dividend ETF		2.90%2.89%3.38%3.65%3.89%3.40%4.85%0.36%0.00%0.00%0.00%0.00%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		3.51%3.59%4.40%4.64%4.42%3.58%4.59%4.25%4.43%3.82%3.25%4.11%

Drawdowns

TQGD.TO vs. VDY.TO - Drawdown Comparison

The maximum TQGD.TO drawdown since its inception was -30.22%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for TQGD.TO and VDY.TO.

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Drawdown Indicators

TQGD.TOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.22%

-39.21%

+8.99%

Max Drawdown (1Y)

Largest decline over 1 year

-12.80%

-10.07%

-2.73%

Max Drawdown (5Y)

Largest decline over 5 years

-15.52%

-16.18%

+0.66%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.21%

—

Current Drawdown

Current decline from peak

-3.10%

-0.55%

-2.55%

Average Drawdown

Average peak-to-trough decline

-3.96%

-4.67%

+0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

1.76%

+1.12%

Volatility

TQGD.TO vs. VDY.TO - Volatility Comparison

TD Q Global Dividend ETF (TQGD.TO) has a higher volatility of 4.21% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.37%. This indicates that TQGD.TO's price experiences larger fluctuations and is considered to be riskier than VDY.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.TOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.21%

3.37%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

7.72%

6.43%

+1.29%

Volatility (1Y)

Calculated over the trailing 1-year period

14.82%

11.03%

+3.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.00%

11.49%

+0.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.77%

15.96%

-1.19%