PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TQSM.TO vs. XSU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TQSM.TO vs. XSU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) and iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO).

TQSM.TO and XSU.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. XSU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US SMID TR CAD. It was launched on May 14, 2007.

Performance

TQSM.TO vs. XSU.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 iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)2025202420232022202120202019
TQSM.TO
TD Q U.S. Small-Mid-Cap Equity ETF		2.80%1.20%20.45%18.86%0.22%25.08%-2.24%-0.73%
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		1.01%10.50%9.67%14.70%-21.66%12.77%15.71%2.98%

Returns By Period

In the year-to-date period, TQSM.TO achieves a 2.80% return, which is significantly higher than XSU.TO's 1.01% return.

TQSM.TO

1D
0.47%
1M
-1.97%
YTD
2.80%
6M
-0.18%
1Y
11.16%
3Y*
13.11%
5Y*
10.74%
10Y*
—

XSU.TO

1D
0.79%
1M
-5.40%
YTD
1.01%
6M
2.18%
1Y
23.79%
3Y*
11.08%
5Y*
1.70%
10Y*
7.97%
*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 U.S. Small-Mid-Cap Equity ETF

iShares U.S. Small Cap Index ETF (CAD-Hedged)

Often compared with TQSM.TO:
TQSM.TO vs. ZSML.TOTQSM.TO vs. XUU-U.TOTQSM.TO vs. IWMTQSM.TO vs. ZEA.TOTQSM.TO vs. VIU.TOTQSM.TO vs. TSCSXTQSM.TO vs. AVUV
Often compared with XSU.TO:
XSU.TO vs. XUS.TOXSU.TO vs. IWMXSU.TO vs. AVUVXSU.TO vs. XSP.TOXSU.TO vs. XEQT.TOXSU.TO vs. XSMH.TOXSU.TO vs. ZSP.TO

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

TQSM.TO has a 0.40% expense ratio, which is higher than XSU.TO's 0.35% expense ratio.

TQSM.TO
TD Q U.S. Small-Mid-Cap Equity ETF
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)

Return for Risk

TQSM.TO vs. XSU.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: 2929
Overall Rank
TQSM.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
TQSM.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
TQSM.TO Omega Ratio Rank: 2727
Omega Ratio Rank
TQSM.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
TQSM.TO Martin Ratio Rank: 3030
Martin Ratio Rank
XSU.TO
XSU.TO Risk / Return Rank: 5757
Overall Rank
XSU.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSU.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
XSU.TO Omega Ratio Rank: 4949
Omega Ratio Rank
XSU.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
XSU.TO Martin Ratio Rank: 5959
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. XSU.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 iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.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.TOXSU.TODifference

Sharpe ratio

Return per unit of total volatility

0.55

1.02

-0.47

Sortino ratio

Return per unit of downside risk

0.90

1.56

-0.66

Omega ratio

Gain probability vs. loss probability

1.12

1.20

-0.07

Calmar ratio

Return relative to maximum drawdown

0.82

1.74

-0.92

Martin ratio

Return relative to average drawdown

2.88

6.20

-3.32

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. XSU.TO - Sharpe Ratio Comparison

The current TQSM.TO Sharpe Ratio is 0.55, which is lower than the XSU.TO Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of TQSM.TO and XSU.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.

Loading graphics...

Sharpe Ratios by Period

TQSM.TOXSU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.55

1.02

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.08

+0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.34

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.23

+0.31

Correlation

The correlation between TQSM.TO and XSU.TO is 0.60, 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. XSU.TO - Dividend Comparison

TQSM.TO's dividend yield for the trailing twelve months is around 0.86%, more than XSU.TO's 0.84% 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%
XSU.TO
iShares U.S. Small Cap Index ETF (CAD-Hedged)		0.84%0.85%0.93%1.09%1.28%0.73%0.79%1.00%1.12%0.95%1.16%1.28%

Drawdowns

TQSM.TO vs. XSU.TO - Drawdown Comparison

The maximum TQSM.TO drawdown since its inception was -33.03%, smaller than the maximum XSU.TO drawdown of -62.62%. Use the drawdown chart below to compare losses from any high point for TQSM.TO and XSU.TO.

Loading graphics...

Drawdown Indicators

TQSM.TOXSU.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.03%

-62.62%

+29.59%

Max Drawdown (1Y)

Largest decline over 1 year

-13.51%

-13.70%

+0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-23.78%

-33.98%

+10.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.60%

—

Current Drawdown

Current decline from peak

-3.84%

-7.82%

+3.98%

Average Drawdown

Average peak-to-trough decline

-5.64%

-13.83%

+8.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.86%

3.84%

+0.02%

Volatility

TQSM.TO vs. XSU.TO - Volatility Comparison

The current volatility for TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) is 5.53%, while iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU.TO) has a volatility of 7.43%. This indicates that TQSM.TO experiences smaller price fluctuations and is considered to be less risky than XSU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

TQSM.TOXSU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.53%

7.43%

-1.90%

Volatility (6M)

Calculated over the trailing 6-month period

11.42%

14.94%

-3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

20.49%

23.48%

-2.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.98%

22.75%

-6.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

23.44%

-5.15%