VDY.TO vs. TD.TO
Compare and contrast key facts about Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and The Toronto-Dominion Bank (TD.TO).
VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VDY.TO or TD.TO.
Key characteristics
| VDY.TO | TD.TO | |
|---|---|---|
| YTD Return | 6.73% | -7.35% |
| 1Y Return | 10.89% | -1.97% |
| 3Y Return (Ann) | 9.04% | 0.11% |
| 5Y Return (Ann) | 10.35% | 5.31% |
| 10Y Return (Ann) | 7.97% | 8.44% |
| Sharpe Ratio | 1.02 | -0.08 |
| Daily Std Dev | 11.30% | 17.07% |
| Max Drawdown | -39.21% | -54.79% |
| Current Drawdown | -0.20% | -20.58% |
Correlation
The correlation between VDY.TO and TD.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VDY.TO vs. TD.TO - Performance Comparison
In the year-to-date period, VDY.TO achieves a 6.73% return, which is significantly higher than TD.TO's -7.35% return. Over the past 10 years, VDY.TO has underperformed TD.TO with an annualized return of 7.97%, while TD.TO has yielded a comparatively higher 8.44% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VDY.TO vs. TD.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and The Toronto-Dominion Bank (TD.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.
Dividends
VDY.TO vs. TD.TO - Dividend Comparison
VDY.TO's dividend yield for the trailing twelve months is around 4.56%, less than TD.TO's 5.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.56% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
TD.TO The Toronto-Dominion Bank | 5.12% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% | 3.31% | 3.24% |
Drawdowns
VDY.TO vs. TD.TO - Drawdown Comparison
The maximum VDY.TO drawdown since its inception was -39.21%, smaller than the maximum TD.TO drawdown of -54.79%. Use the drawdown chart below to compare losses from any high point for VDY.TO and TD.TO. For additional features, visit the drawdowns tool.
Volatility
VDY.TO vs. TD.TO - Volatility Comparison
The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 2.99%, while The Toronto-Dominion Bank (TD.TO) has a volatility of 7.22%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky than TD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.