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WSRD.TO vs. THE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WSRD.TO vs. THE.TO

Last updated Jul 16, 2026
Documentation

WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) and THE.TO (TD International Equity CAD Hedged Index ETF) are both International Equity funds. WSRD.TO is actively managed, while THE.TO is passively managed. Over the past 5 years, WSRD.TO returned 3.97%/yr vs 12.67%/yr for THE.TO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

WSRD.TO vs. THE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and TD International Equity CAD Hedged Index ETF (THE.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, WSRD.TO achieves a 2.80% return, which is significantly lower than THE.TO's 12.26% return.

WSRD.TO

1D
0.29%
1M
0.78%
6M
0.32%
YTD
2.80%
1Y
9.08%
3Y*
11.38%
5Y*
3.97%
10Y*
—

THE.TO

1D
0.00%
1M
1.31%
6M
7.82%
YTD
12.26%
1Y
25.39%
3Y*
17.37%
5Y*
12.67%
10Y*
10.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WSRD.TO vs. THE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
WSRD.TO
Wealthsimple Developed Markets ex North America Socially Responsible Index ETF		2.80%18.84%9.39%14.01%-20.37%8.79%18.09%
THE.TO
TD International Equity CAD Hedged Index ETF		12.26%21.73%12.55%18.49%-7.02%16.77%16.38%

Correlation

The correlation between WSRD.TO and THE.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.76

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

0.69

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

0.58

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2020

0.55

Over the past year, WSRD.TO and THE.TO have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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

Wealthsimple Developed Markets ex North America Socially Responsible Index ETF

TD International Equity CAD Hedged Index ETF

Often compared with THE.TO:
THE.TO vs. TCSH.TOTHE.TO vs. QDXH.TOTHE.TO vs. KNGX.TOTHE.TO vs. VXM.TOTHE.TO vs. TEQT.TOTHE.TO vs. ZLB.TOTHE.TO vs. FLVI.NEO

Return for Risk

WSRD.TO vs. THE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WSRD.TO
WSRD.TO Risk / Return Rank: 2121
Overall Rank
WSRD.TO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
WSRD.TO Sortino Ratio Rank: 2121
Sortino Ratio Rank
WSRD.TO Omega Ratio Rank: 2020
Omega Ratio Rank
WSRD.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
WSRD.TO Martin Ratio Rank: 2323
Martin Ratio Rank
THE.TO
THE.TO Risk / Return Rank: 7575
Overall Rank
THE.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
THE.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
THE.TO Omega Ratio Rank: 8080
Omega Ratio Rank
THE.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
THE.TO Martin Ratio Rank: 7171
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.

WSRD.TO vs. THE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and TD International Equity CAD Hedged Index ETF (THE.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.

WSRD.TOTHE.TODifference
Sharpe ratioReturn per unit of total volatility
0.64
2.00

-1.36

Sortino ratioReturn per unit of downside risk
1.01
2.86

-1.85

Omega ratioGain probability vs. loss probability

1.12

1.37

-0.25

Calmar ratioReturn relative to maximum drawdown

0.80

2.69

-1.90

Martin ratioReturn relative to average drawdown

2.37

10.43

-8.06

WSRD.TO vs. THE.TO - Sharpe Ratio Comparison

The current WSRD.TO Sharpe Ratio is 0.64, which is lower than the THE.TO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of WSRD.TO and THE.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

WSRD.TO vs. THE.TO - Drawdown Comparison

The maximum WSRD.TO drawdown since its inception was -34.80%, which is greater than THE.TO's maximum drawdown of -32.08%. Use the drawdown chart below to compare losses from any high point for WSRD.TO and THE.TO.

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Drawdown Indicators

WSRD.TOTHE.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.80%

-32.08%

-2.72%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-9.47%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-12.76%

-14.69%

+1.93%

Max Drawdown (5Y)

Largest decline over 5 years

-34.80%

-15.55%

-19.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.08%

—

Current Drawdown

Current decline from peak

-2.20%

-1.16%

-1.04%

Average Drawdown

Average peak-to-trough decline

-9.47%

-3.69%

-5.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

2.44%

+1.40%

Volatility

WSRD.TO vs. THE.TO - Volatility Comparison

Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) has a higher volatility of 4.02% compared to TD International Equity CAD Hedged Index ETF (THE.TO) at 2.95%. This indicates that WSRD.TO's price experiences larger fluctuations and is considered to be riskier than THE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WSRD.TOTHE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.02%

2.95%

+1.07%

Volatility (6M)

Calculated over the trailing 6-month period

12.19%

10.62%

+1.57%

Volatility (1Y)

Calculated over the trailing 1-year period

14.30%

12.75%

+1.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

14.25%

+0.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.32%

17.11%

-2.79%

Dividends

WSRD.TO vs. THE.TO - Dividend Comparison

WSRD.TO's dividend yield for the trailing twelve months is around 2.49%, more than THE.TO's 2.35% yield.

PositionTTM2025202420232022202120202019201820172016
THE.TO
TD International Equity CAD Hedged Index ETF		2.35%2.57%2.73%2.65%3.46%2.20%2.47%2.52%3.52%2.87%2.10%
WSRD.TO
Wealthsimple Developed Markets ex North America Socially Responsible Index ETF		2.49%2.28%2.58%2.31%2.18%1.20%0.41%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WSRD.TO and THE.TO have a correlation of 0.76, 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: Wealthsimple and TD.

Portfolio Optimizer

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