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TUED.TO vs. TPU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUED.TO vs. TPU.TO

Last updated Jul 16, 2026
Documentation

TUED.TO (TD Active U.S. Enhanced Dividend ETF) and TPU.TO (TD U.S. Equity Index ETF) are both exchange-traded funds - TUED.TO is a Dividend fund actively managed by TD, while TPU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index. TUED.TO is actively managed, while TPU.TO is passively managed. Over the past 5 years, TUED.TO returned 12.74%/yr vs 15.37%/yr for TPU.TO. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

TUED.TO vs. TPU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active U.S. Enhanced Dividend ETF (TUED.TO) and TD U.S. Equity Index ETF (TPU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TUED.TO achieves a 16.47% return, which is significantly higher than TPU.TO's 13.90% return.

TUED.TO

1D
-0.85%
1M
-0.93%
6M
12.52%
YTD
16.47%
1Y
23.31%
3Y*
22.69%
5Y*
12.74%
10Y*
—

TPU.TO

1D
0.15%
1M
0.71%
6M
11.21%
YTD
13.90%
1Y
25.37%
3Y*
23.17%
5Y*
15.37%
10Y*
15.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUED.TO vs. TPU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TUED.TO
TD Active U.S. Enhanced Dividend ETF		16.47%8.11%34.84%13.55%-5.96%27.46%16.94%
TPU.TO
TD U.S. Equity Index ETF		13.90%12.69%35.78%24.25%-14.31%26.02%17.70%

Correlation

The correlation between TUED.TO and TPU.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Jun 2, 2020

0.75

The correlation between TUED.TO and TPU.TO shifts across timeframes, from 0.75 (all time) to 0.89 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Active U.S. Enhanced Dividend ETF

TD U.S. Equity Index ETF

Often compared with TPU.TO:
TPU.TO vs. VFV.TOTPU.TO vs. TTP.TOTPU.TO vs. ZSP.TOTPU.TO vs. VOOTPU.TO vs. VUN.TOTPU.TO vs. XUS.TOTPU.TO vs. XUU.TO

Return for Risk

TUED.TO vs. TPU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TUED.TO
TUED.TO Risk / Return Rank: 4747
Overall Rank
TUED.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
TUED.TO Sortino Ratio Rank: 4242
Sortino Ratio Rank
TUED.TO Omega Ratio Rank: 4242
Omega Ratio Rank
TUED.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
TUED.TO Martin Ratio Rank: 5656
Martin Ratio Rank
TPU.TO
TPU.TO Risk / Return Rank: 7777
Overall Rank
TPU.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
TPU.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
TPU.TO Omega Ratio Rank: 7979
Omega Ratio Rank
TPU.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
TPU.TO Martin Ratio Rank: 7373
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.

TUED.TO vs. TPU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active U.S. Enhanced Dividend ETF (TUED.TO) and TD U.S. Equity Index ETF (TPU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

TUED.TOTPU.TODifference
Sharpe ratioReturn per unit of total volatility
1.29
2.04

-0.76

Sortino ratioReturn per unit of downside risk
1.81
2.78

-0.97

Omega ratioGain probability vs. loss probability

1.23

1.37

-0.14

Calmar ratioReturn relative to maximum drawdown

2.22

2.94

-0.72

Martin ratioReturn relative to average drawdown

7.97

10.76

-2.79

TUED.TO vs. TPU.TO - Sharpe Ratio Comparison

The current TUED.TO Sharpe Ratio is 1.29, which is lower than the TPU.TO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of TUED.TO and TPU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TUED.TO vs. TPU.TO - Drawdown Comparison

The maximum TUED.TO drawdown since its inception was -27.76%, roughly equal to the maximum TPU.TO drawdown of -27.96%. Use the drawdown chart below to compare losses from any high point for TUED.TO and TPU.TO.

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Drawdown Indicators

TUED.TOTPU.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.76%

-27.96%

+0.20%

Max Drawdown (1Y)

Largest decline over 1 year

-10.55%

-8.68%

-1.87%

Max Drawdown (3Y)

Largest decline over 3 years

-27.76%

-19.30%

-8.46%

Max Drawdown (5Y)

Largest decline over 5 years

-27.76%

-23.73%

-4.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.96%

—

Current Drawdown

Current decline from peak

-4.04%

-0.90%

-3.14%

Average Drawdown

Average peak-to-trough decline

-6.63%

-3.94%

-2.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

2.36%

+0.57%

Volatility

TUED.TO vs. TPU.TO - Volatility Comparison

TD Active U.S. Enhanced Dividend ETF (TUED.TO) has a higher volatility of 6.54% compared to TD U.S. Equity Index ETF (TPU.TO) at 3.04%. This indicates that TUED.TO's price experiences larger fluctuations and is considered to be riskier than TPU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TUED.TOTPU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.54%

3.04%

+3.50%

Volatility (6M)

Calculated over the trailing 6-month period

14.94%

9.75%

+5.19%

Volatility (1Y)

Calculated over the trailing 1-year period

18.18%

12.47%

+5.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.81%

15.47%

+10.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.84%

16.76%

+18.08%

Dividends

TUED.TO vs. TPU.TO - Dividend Comparison

TUED.TO's dividend yield for the trailing twelve months is around 2.56%, more than TPU.TO's 0.83% yield.

PositionTTM2025202420232022202120202019201820172016
TPU.TO
TD U.S. Equity Index ETF		0.83%0.96%0.90%1.23%1.34%0.99%1.23%1.23%1.57%1.59%1.33%
TUED.TO
TD Active U.S. Enhanced Dividend ETF		2.56%2.89%2.27%2.84%3.13%2.45%1.53%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TUED.TO and TPU.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TUED.TO is categorized as Dividend, while TPU.TO is Large Cap Blend Equities.

Portfolio Optimizer

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