TTP.TO vs. XEI.TO
TTP.TO (TD Canadian Equity Index ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both Canada Equities funds - TTP.TO tracks the Solactive Canada Broad Market Index while XEI.TO tracks the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 10 years, TTP.TO returned 12.63%/yr vs 12.32%/yr for XEI.TO. A 0.73 correlation means they provide meaningful diversification when combined. TTP.TO charges 0.05%/yr vs 0.22%/yr for XEI.TO.
Performance
TTP.TO vs. XEI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TTP.TO achieves a 10.77% return, which is significantly lower than XEI.TO's 22.21% return. Both investments have delivered pretty close results over the past 10 years, with TTP.TO having a 12.63% annualized return and XEI.TO not far behind at 12.32%.
TTP.TO
- 1D
- -1.04%
- 1M
- 3.62%
- YTD
- 10.77%
- 6M
- 13.11%
- 1Y
- 34.96%
- 3Y*
- 23.56%
- 5Y*
- 14.98%
- 10Y*
- 12.63%
XEI.TO
- 1D
- 0.00%
- 1M
- 3.33%
- YTD
- 22.21%
- 6M
- 23.56%
- 1Y
- 43.59%
- 3Y*
- 22.26%
- 5Y*
- 15.55%
- 10Y*
- 12.32%
TTP.TO vs. XEI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTP.TO TD Canadian Equity Index ETF | 10.77% | 31.96% | 20.92% | 11.66% | -5.76% | 25.31% | 6.32% | 22.15% | -9.16% | 8.79% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 22.21% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 25.44% | -10.85% | 7.24% |
Correlation
The correlation between TTP.TO and XEI.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2016 | 0.73 |
Over the past year, the correlation between TTP.TO and XEI.TO has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
TTP.TO vs. XEI.TO - Sectors Allocation Comparison
Sectors
TTP.TO
XEI.TO
Financial Services
Energy
Basic Materials
Industrials
Technology
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
Healthcare
Financial Services
TTP.TO
XEI.TO
Energy
TTP.TO
XEI.TO
Basic Materials
TTP.TO
XEI.TO
Industrials
TTP.TO
XEI.TO
Technology
TTP.TO
XEI.TO
Consumer Cyclical
TTP.TO
XEI.TO
Consumer Defensive
TTP.TO
XEI.TO
Utilities
TTP.TO
XEI.TO
Communication Services
TTP.TO
XEI.TO
Real Estate
TTP.TO
XEI.TO
Healthcare
TTP.TO
XEI.TO
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Return for Risk
TTP.TO vs. XEI.TO — Risk / Return Rank
TTP.TO
XEI.TO
TTP.TO vs. XEI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Canadian Equity Index ETF (TTP.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.
| TTP.TO | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -5.51 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 2.27 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 19.53 | -15.80 |
| Martin ratioReturn relative to average drawdown | 17.19 | 66.28 | -49.09 |
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
| TTP.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 6.08 | -3.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.39 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.77 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.67 | +0.22 |
Drawdowns
TTP.TO vs. XEI.TO - Drawdown Comparison
The maximum TTP.TO drawdown since its inception was -37.03%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for TTP.TO and XEI.TO.
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Drawdown Indicators
| TTP.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -45.51% | +8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -2.24% | -7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.21% | -9.92% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -17.32% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -37.03% | -45.51% | +8.48% |
Current DrawdownCurrent decline from peak | -1.04% | -0.76% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -5.05% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.66% | +1.38% |
Volatility
TTP.TO vs. XEI.TO - Volatility Comparison
TD Canadian Equity Index ETF (TTP.TO) has a higher volatility of 3.40% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that TTP.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTP.TO | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.87% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 6.01% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 7.21% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 11.24% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 16.01% | -1.16% |
TTP.TO vs. XEI.TO - Expense Ratio Comparison
TTP.TO has a 0.05% expense ratio, which is lower than XEI.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TTP.TO vs. XEI.TO - Dividend Comparison
TTP.TO's dividend yield for the trailing twelve months is around 1.88%, less than XEI.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTP.TO TD Canadian Equity Index ETF | 1.88% | 2.06% | 2.56% | 2.91% | 3.68% | 1.86% | 2.84% | 2.09% | 2.89% | 2.32% | 1.85% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.56% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
TTP.TO and XEI.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TTP.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TTP.TO is cheaper with a 0.05% expense ratio, compared with 0.22% for XEI.TO.
TTP.TO tracks Solactive Canada Broad Market Index, while XEI.TO tracks S&P/TSX Composite High Dividend Index. They also come from different issuers: TD and iShares. Their fees differ too: 0.05% for TTP.TO and 0.22% for XEI.TO.
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