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TSX · CAD · ETF

TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) ETF Analysis

TQSM.TO
Expense ratio 0.45% Yield 0.71% Since January 7, 2025 Family TD Asset Management Inc

Last Updated: October 21, 2026

CA$30.01
+CA$0.07 (+0.25%)

October 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare TQSM.TO with… →

TQSM.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+16.99%CA$116.99
3 years+18.01%CA$164.35
5 years+13.49%CA$188.27
Since November 29, 2019+11.50%CA$211.75

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

TQSM.TO Return by Calendar Year

2019 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+20.15%
2025+1.20%
2024+20.45%
2023+18.86%
2022+0.22%
2021+25.08%
2020−2.24%
2019 (partial year)−0.73%

TQSM.TO Monthly Returns

−13%+11%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+2.1+1.9−1.6+6.1+2.6+8.7−1.3−0.8+0.0+1.4——
2025+3.7−4.5−5.5−5.3+5.2+2.0+3.3+4.5+1.3−2.4+2.2−2.4
2024+0.3+5.7+5.0−4.6+2.3−2.3+10.6−3.4+1.2+1.3+10.8−6.4
2023+5.1+2.1−4.1−0.3−3.0+5.3+5.3+0.8−2.2−0.8+4.5+5.4
2022−6.5+0.5+1.1−1.5+0.3−4.9+7.1−0.4−3.5+7.0+5.1−3.1
2021+0.3+4.7+6.2+1.3−1.0−0.2+2.8+3.3−4.8+2.4+2.8+5.4
2020+0.5−10.5−12.6+9.0+1.5−1.4+3.1+1.5−2.0+1.0+7.7+2.2
2019———————————−0.7

Monthly total returns with dividends reinvested; each cell prints its signed value.

TQSM.TO Volatility & Risk

Volatility: 6 yrs · Beta: 3 yrs
Annualized volatility
15.76%
Beta (3y)
1.03
Best year
+25.08%

2021

Worst year
−2.24%

2020

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

# Symbol Name Weight
1 DT Dynatrace Inc Ordinary Shares 1.36%
2 DINO HF Sinclair Corp 1.29%
3 MEDP Medpace Holdings Inc 1.27%
4 EQH Equitable Holdings Inc 1.27%
5 EXEL Exelixis Inc 1.26%
6 RGA Reinsurance Group of America Inc 1.24%
7 ATI ATI Inc 1.21%
8 P Everpure Inc Class A 1.19%
9 SNEX StoneX Group Inc 1.17%
10 USFD US Foods Holding Corp 1.13%

Analysis

Data-derived

Fund Overview

TD Q U.S. Small-Mid-Cap Equity ETF (TQSM.TO) is an exchange-traded fund. Annual costs run at an expense ratio of 0.45%. On a CA$10,000 position that is CA$45.00 a year. The fund is issued by TD Asset Management Inc. It has been trading since January 7, 2025.

The largest positions on file are Dynatrace Inc Ordinary Shares (DT), HF Sinclair Corp (DINO), and Medpace Holdings Inc (MEDP). Dynatrace Inc Ordinary Shares alone accounts for 1.36% of the portfolio. The ten largest positions together make up 12.38% of the fund.

Performance Analysis

TQSM.TO last closed at CA$30.01 on October 21, 2026. The trailing one-year total return is +16.99%. Measured over 5 years, that is +13.49% a year compounded. The trailing distribution yield is 0.71%.

So far in 2026 the total return is +20.15%. Across the complete calendar years on file, 2021 returned +25.08% and 2020 returned −2.24%. Of the 6 complete calendar years on file, 5 finished higher.

Price & Risk Profile

Annualized volatility over the trailing 6 years is 15.76%. Beta against the wider market is reported at 1.03. Over the past 52 weeks the price has ranged from CA$24.34 to CA$31.14. The latest close sits 23.27% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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