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XWD.TO vs. TINF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XWD.TO vs. TINF.TO

Last updated Jun 4, 2026

XWD.TO (iShares MSCI World Index ETF) and TINF.TO (TD Active Global Infrastructure Equity ETF) are both Global Equities funds. XWD.TO is passively managed, while TINF.TO is actively managed. Over the past 5 years, XWD.TO returned 14.76%/yr vs 12.77%/yr for TINF.TO. A 0.51 correlation means they provide meaningful diversification when combined. XWD.TO charges 0.48%/yr vs 0.73%/yr for TINF.TO.

Performance

XWD.TO vs. TINF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI World Index ETF (XWD.TO) and TD Active Global Infrastructure Equity ETF (TINF.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, XWD.TO achieves a 11.42% return, which is significantly higher than TINF.TO's 9.87% return.

XWD.TO

1D
-0.47%
1M
6.72%
YTD
11.42%
6M
10.29%
1Y
27.27%
3Y*
21.42%
5Y*
14.76%
10Y*
13.45%

TINF.TO

1D
0.00%
1M
-0.47%
YTD
9.87%
6M
8.63%
1Y
14.88%
3Y*
16.73%
5Y*
12.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XWD.TO vs. TINF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XWD.TO
iShares MSCI World Index ETF		11.42%15.25%28.07%20.32%-11.57%21.87%15.21%
TINF.TO
TD Active Global Infrastructure Equity ETF		9.87%14.91%22.73%4.63%3.82%9.89%5.19%

Correlation

The correlation between XWD.TO and TINF.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.47

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

0.52

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2020

0.51

The correlation between XWD.TO and TINF.TO has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

XWD.TO vs. TINF.TO - Sectors Allocation Comparison

Sectors
XWD.TO
TINF.TO

Technology

29.0%

-

Financial Services

15.9%
1.8%

Industrials

11.0%
33.4%

Consumer Cyclical

9.3%

-

Communication Services

9.1%

-

Healthcare

8.6%

-

Consumer Defensive

5.3%

-

Energy

4.1%
22.6%

Basic Materials

3.2%

-

Utilities

2.7%
44.0%

Real Estate

1.9%

-

Technology

XWD.TO
29.0%
TINF.TO

-

Financial Services

XWD.TO
15.9%
TINF.TO
1.8%

Industrials

XWD.TO
11.0%
TINF.TO
33.4%

Consumer Cyclical

XWD.TO
9.3%
TINF.TO

-

Communication Services

XWD.TO
9.1%
TINF.TO

-

Healthcare

XWD.TO
8.6%
TINF.TO

-

Consumer Defensive

XWD.TO
5.3%
TINF.TO

-

Energy

XWD.TO
4.1%
TINF.TO
22.6%

Basic Materials

XWD.TO
3.2%
TINF.TO

-

Utilities

XWD.TO
2.7%
TINF.TO
44.0%

Real Estate

XWD.TO
1.9%
TINF.TO

-

Compare stocks, funds, or ETFs

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

iShares MSCI World Index ETF

TD Active Global Infrastructure Equity ETF

Often compared with XWD.TO:
XWD.TO vs. XEQT.TOXWD.TO vs. URTHXWD.TO vs. VTXWD.TO vs. VWRA.LXWD.TO vs. ZGQ.TOXWD.TO vs. SPYXWD.TO vs. VEQT.TO
Often compared with TINF.TO:
TINF.TO vs. ZGI.TOTINF.TO vs. XETM.TOTINF.TO vs. HPR.TOTINF.TO vs. VEQT.TOTINF.TO vs. TGRO.TOTINF.TO vs. MEQT.TOTINF.TO vs. TILV.TO

Return for Risk

XWD.TO vs. TINF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XWD.TO
XWD.TO Risk / Return Rank: 7171
Overall Rank
XWD.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 7171
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 7575
Martin Ratio Rank
TINF.TO
TINF.TO Risk / Return Rank: 4545
Overall Rank
TINF.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
TINF.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
TINF.TO Omega Ratio Rank: 3939
Omega Ratio Rank
TINF.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
TINF.TO Martin Ratio Rank: 4747
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.

XWD.TO vs. TINF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.TO) and TD Active Global Infrastructure Equity ETF (TINF.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.

XWD.TOTINF.TODifference
Sharpe ratioReturn per unit of total volatility
2.35
1.44

+0.91

Sortino ratioReturn per unit of downside risk
3.29
1.97

+1.32

Omega ratioGain probability vs. loss probability

1.43

1.26

+0.18

Calmar ratioReturn relative to maximum drawdown

3.55

2.97

+0.58

Martin ratioReturn relative to average drawdown

14.52

7.60

+6.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWD.TO vs. TINF.TO - Sharpe Ratio Comparison

The current XWD.TO Sharpe Ratio is 2.35, which is higher than the TINF.TO Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of XWD.TO and TINF.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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Sharpe Ratios by Period

XWD.TOTINF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

1.44

+0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

1.09

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.98

-0.08

Drawdowns

XWD.TO vs. TINF.TO - Drawdown Comparison

The maximum XWD.TO drawdown since its inception was -27.48%, which is greater than TINF.TO's maximum drawdown of -13.48%. Use the drawdown chart below to compare losses from any high point for XWD.TO and TINF.TO.

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Drawdown Indicators

XWD.TOTINF.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.48%

-13.48%

-14.00%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-5.03%

-2.68%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-10.23%

-6.54%

Max Drawdown (5Y)

Largest decline over 5 years

-21.40%

-13.48%

-7.92%

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

—

—

Current Drawdown

Current decline from peak

-0.80%

-3.68%

+2.88%

Average Drawdown

Average peak-to-trough decline

-3.50%

-2.43%

-1.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

1.96%

-0.08%

Volatility

XWD.TO vs. TINF.TO - Volatility Comparison

The current volatility for iShares MSCI World Index ETF (XWD.TO) is 3.61%, while TD Active Global Infrastructure Equity ETF (TINF.TO) has a volatility of 4.87%. This indicates that XWD.TO experiences smaller price fluctuations and is considered to be less risky than TINF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XWD.TOTINF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

4.87%

-1.26%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

8.80%

+0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

11.67%

10.39%

+1.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.71%

11.83%

+1.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.36%

12.02%

+3.34%

XWD.TO vs. TINF.TO - Expense Ratio Comparison

XWD.TO has a 0.48% expense ratio, which is lower than TINF.TO's 0.73% expense ratio.

Dividends

XWD.TO vs. TINF.TO - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.19%, less than TINF.TO's 2.65% yield.

PositionTTM20252024202320222021202020192018201720162015
TINF.TO
TD Active Global Infrastructure Equity ETF		2.65%2.89%2.85%3.39%2.97%2.28%0.99%0.00%0.00%0.00%0.00%0.00%
XWD.TO
iShares MSCI World Index ETF		1.19%1.33%1.19%1.39%1.36%1.21%1.06%1.77%1.94%1.63%1.83%1.84%

Frequently Asked Questions

XWD.TO and TINF.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XWD.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XWD.TO is cheaper with a 0.48% expense ratio, compared with 0.73% for TINF.TO.

They also come from different issuers: iShares and TD. Their fees differ too: 0.48% for XWD.TO and 0.73% for TINF.TO.

Portfolio Optimizer

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