TUED.TO vs. VDY.TO
TUED.TO (TD Active U.S. Enhanced Dividend ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both Dividend funds. TUED.TO is actively managed, while VDY.TO is passively managed. Over the past 5 years, TUED.TO returned 12.74%/yr vs 19.34%/yr for VDY.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
TUED.TO vs. VDY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TUED.TO achieves a 16.47% return, which is significantly lower than VDY.TO's 29.59% 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*
- —
VDY.TO
- 1D
- 1.04%
- 1M
- 4.96%
- 6M
- 26.90%
- YTD
- 29.59%
- 1Y
- 53.81%
- 3Y*
- 29.06%
- 5Y*
- 19.34%
- 10Y*
- 14.77%
TUED.TO vs. VDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TUED.TO TD Active U.S. Enhanced Dividend ETF | 16.47% | 8.11% | 34.84% | 13.55% | -5.96% | 27.46% | 16.94% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 29.59% | 29.21% | 21.44% | 8.41% | -0.23% | 36.60% | 15.06% |
Correlation
The correlation between TUED.TO and VDY.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020 | 0.38 |
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Return for Risk
TUED.TO vs. VDY.TO — Risk / Return Rank
TUED.TO
VDY.TO
TUED.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.TO | VDY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.06 | ||
| Sortino ratioReturn per unit of downside risk | -7.17 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.26 | -1.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 17.34 | -15.12 |
| Martin ratioReturn relative to average drawdown | 7.97 | 70.22 | -62.25 |
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Drawdowns
TUED.TO vs. VDY.TO - Drawdown Comparison
The maximum TUED.TO drawdown since its inception was -27.76%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for TUED.TO and VDY.TO.
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Drawdown Indicators
| TUED.TO | VDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.76% | -39.21% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -3.12% | -7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -27.76% | -10.38% | -17.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -16.17% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -4.04% | 0.00% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -4.44% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.77% | +2.16% |
Volatility
TUED.TO vs. VDY.TO - Volatility Comparison
TD Active U.S. Enhanced Dividend ETF (TUED.TO) has a higher volatility of 6.54% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 2.29%. This indicates that TUED.TO's price experiences larger fluctuations and is considered to be riskier than VDY.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.TO | VDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 2.29% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 6.87% | +8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 8.54% | +9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 11.57% | +14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.84% | 15.91% | +18.93% |
Dividends
TUED.TO vs. VDY.TO - Dividend Comparison
TUED.TO's dividend yield for the trailing twelve months is around 2.56%, less than VDY.TO's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.75% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
Frequently Asked Questions
TUED.TO and VDY.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and Vanguard.
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