TQSM.TO vs. ZEA.TO
Compare and contrast key facts about TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) and BMO MSCI EAFE Index ETF (ZEA.TO).
TQSM.TO and ZEA.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. ZEA.TO is a passively managed fund by BMO that tracks the performance of the MSCI EAFE Index. It was launched on Feb 10, 2014.
Performance
TQSM.TO vs. ZEA.TO - Performance Comparison
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TQSM.TO vs. ZEA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
ZEA.TO BMO MSCI EAFE Index ETF | 3.17% | 24.28% | 11.56% | 16.02% | -8.51% | 10.64% | 5.13% | 0.97% |
Returns By Period
In the year-to-date period, TQSM.TO achieves a 2.80% return, which is significantly lower than ZEA.TO's 3.17% 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*
- —
ZEA.TO
- 1D
- 0.56%
- 1M
- -4.04%
- YTD
- 3.17%
- 6M
- 4.65%
- 1Y
- 19.13%
- 3Y*
- 15.18%
- 5Y*
- 10.17%
- 10Y*
- 9.44%
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TQSM.TO vs. ZEA.TO - Expense Ratio Comparison
TQSM.TO has a 0.40% expense ratio, which is higher than ZEA.TO's 0.22% expense ratio.
Return for Risk
TQSM.TO vs. ZEA.TO — Risk / Return Rank
TQSM.TO
ZEA.TO
TQSM.TO vs. ZEA.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 BMO MSCI EAFE Index ETF (ZEA.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.TO | ZEA.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 1.18 | -0.63 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.67 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.67 | -0.84 |
Martin ratioReturn relative to average drawdown | 2.88 | 6.28 | -3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TQSM.TO | ZEA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.18 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.77 | -0.09 |
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 | 0.57 | -0.03 |
Correlation
The correlation between TQSM.TO and ZEA.TO is 0.46, 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. ZEA.TO - Dividend Comparison
TQSM.TO's dividend yield for the trailing twelve months is around 0.86%, less than ZEA.TO's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZEA.TO BMO MSCI EAFE Index ETF | 2.06% | 2.17% | 2.77% | 3.00% | 3.06% | 2.48% | 2.72% | 2.93% | 3.03% | 2.39% | 2.78% | 2.42% |
Drawdowns
TQSM.TO vs. ZEA.TO - Drawdown Comparison
The maximum TQSM.TO drawdown since its inception was -33.03%, which is greater than ZEA.TO's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for TQSM.TO and ZEA.TO.
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Drawdown Indicators
| TQSM.TO | ZEA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -27.80% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -11.09% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -23.78% | -23.67% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.80% | — |
Current DrawdownCurrent decline from peak | -3.84% | -5.94% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -4.66% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.95% | +0.91% |
Volatility
TQSM.TO vs. ZEA.TO - Volatility Comparison
The current volatility for TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) is 5.53%, while BMO MSCI EAFE Index ETF (ZEA.TO) has a volatility of 6.76%. This indicates that TQSM.TO experiences smaller price fluctuations and is considered to be less risky than ZEA.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.TO | ZEA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 6.76% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 10.23% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 16.27% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 13.29% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 14.80% | +3.49% |