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TQSM.TO vs. VIU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TQSM.TO vs. VIU.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO).

TQSM.TO and VIU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQSM.TO is an actively managed fund by TD. It was launched on Jan 7, 2025. VIU.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex North America Index. It was launched on Dec 1, 2015.

Performance

TQSM.TO vs. VIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). The values are adjusted to include any dividend payments, if applicable.

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TQSM.TO vs. VIU.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TQSM.TO
TD Q U.S. Small-Mid-Cap Equity ETF		2.32%1.20%20.45%18.86%0.22%25.08%-2.24%-0.73%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		4.20%27.83%10.72%15.66%-10.63%9.74%7.56%1.40%

Returns By Period

In the year-to-date period, TQSM.TO achieves a 2.32% return, which is significantly lower than VIU.TO's 4.20% return.

TQSM.TO

1D
2.44%
1M
-1.64%
YTD
2.32%
6M
-0.49%
1Y
10.60%
3Y*
12.93%
5Y*
10.64%
10Y*
—

VIU.TO

1D
3.31%
1M
-6.93%
YTD
4.20%
6M
8.29%
1Y
24.10%
3Y*
16.40%
5Y*
9.98%
10Y*
9.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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TD Q U.S. Small-Mid-Cap Equity ETF

Vanguard FTSE Developed All Cap ex North America Index ETF

Often compared with TQSM.TO:
TQSM.TO vs. ZSML.TOTQSM.TO vs. XUU-U.TOTQSM.TO vs. IWMTQSM.TO vs. ZEA.TOTQSM.TO vs. XSU.TOTQSM.TO vs. TSCSXTQSM.TO vs. AVUV
Often compared with VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VDU.TOVIU.TO vs. VFV.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO

TQSM.TO vs. VIU.TO - Expense Ratio Comparison

TQSM.TO has a 0.40% expense ratio, which is higher than VIU.TO's 0.23% expense ratio.

TQSM.TO
TD Q U.S. Small-Mid-Cap Equity ETF
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF

Return for Risk

TQSM.TO vs. VIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQSM.TO
TQSM.TO Risk / Return Rank: 3131
Overall Rank
TQSM.TO Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
TQSM.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
TQSM.TO Omega Ratio Rank: 2929
Omega Ratio Rank
TQSM.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
TQSM.TO Martin Ratio Rank: 3333
Martin Ratio Rank
VIU.TO
VIU.TO Risk / Return Rank: 7979
Overall Rank
VIU.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 7979
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 7777
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.

TQSM.TO vs. VIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.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.

TQSM.TOVIU.TODifference

Sharpe ratio

Return per unit of total volatility

0.52

1.43

-0.91

Sortino ratio

Return per unit of downside risk

0.86

1.95

-1.09

Omega ratio

Gain probability vs. loss probability

1.12

1.29

-0.17

Calmar ratio

Return relative to maximum drawdown

0.85

2.00

-1.15

Martin ratio

Return relative to average drawdown

2.97

7.67

-4.70

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

TQSM.TO vs. VIU.TO - Sharpe Ratio Comparison

The current TQSM.TO Sharpe Ratio is 0.52, which is lower than the VIU.TO Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of TQSM.TO and VIU.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

TQSM.TOVIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.52

1.43

-0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.74

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.64

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.56

-0.02

Correlation

The correlation between TQSM.TO and VIU.TO is 0.45, 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

TQSM.TO vs. VIU.TO - Dividend Comparison

TQSM.TO's dividend yield for the trailing twelve months is around 0.86%, less than VIU.TO's 2.42% yield.

TTM20252024202320222021202020192018201720162015
TQSM.TO
TD Q U.S. Small-Mid-Cap Equity ETF		0.86%0.90%0.89%0.85%1.34%0.78%1.10%0.00%0.00%0.00%0.00%0.00%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.42%2.48%2.55%2.65%2.75%2.37%1.97%2.67%2.75%2.12%1.71%0.27%

Drawdowns

TQSM.TO vs. VIU.TO - Drawdown Comparison

The maximum TQSM.TO drawdown since its inception was -33.03%, which is greater than VIU.TO's maximum drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for TQSM.TO and VIU.TO.

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Drawdown Indicators

TQSM.TOVIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.03%

-29.15%

-3.88%

Max Drawdown (1Y)

Largest decline over 1 year

-13.51%

-11.74%

-1.77%

Max Drawdown (5Y)

Largest decline over 5 years

-23.78%

-25.35%

+1.57%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.15%

—

Current Drawdown

Current decline from peak

-4.29%

-7.43%

+3.14%

Average Drawdown

Average peak-to-trough decline

-5.64%

-5.39%

-0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.85%

3.07%

+0.78%

Volatility

TQSM.TO vs. VIU.TO - Volatility Comparison

The current volatility for TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) is 5.58%, while Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) has a volatility of 8.62%. This indicates that TQSM.TO experiences smaller price fluctuations and is considered to be less risky than VIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TQSM.TOVIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.58%

8.62%

-3.04%

Volatility (6M)

Calculated over the trailing 6-month period

11.41%

11.43%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

20.50%

16.97%

+3.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.98%

13.58%

+2.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.30%

15.00%

+3.30%