BGC.TO vs. TCLV.TO
BGC.TO (Bristol Gate Concentrated Canadian Equity ETF) and TCLV.TO (TD Q Canadian Low Volatility ETF) are both Canada Equities funds. Both are actively managed. Over the past 5 years, BGC.TO returned 8.03%/yr vs 11.78%/yr for TCLV.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
BGC.TO vs. TCLV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGC.TO achieves a 2.35% return, which is significantly lower than TCLV.TO's 8.67% return.
BGC.TO
- 1D
- 0.10%
- 1M
- 3.29%
- 6M
- 2.16%
- YTD
- 2.35%
- 1Y
- 6.21%
- 3Y*
- 10.26%
- 5Y*
- 8.03%
- 10Y*
- —
TCLV.TO
- 1D
- 0.28%
- 1M
- 2.05%
- 6M
- 7.94%
- YTD
- 8.67%
- 1Y
- 17.36%
- 3Y*
- 17.09%
- 5Y*
- 11.78%
- 10Y*
- —
BGC.TO vs. TCLV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGC.TO Bristol Gate Concentrated Canadian Equity ETF | 2.35% | 8.06% | 13.80% | 17.67% | -5.52% | 18.08% | 12.74% |
TCLV.TO TD Q Canadian Low Volatility ETF | 8.67% | 24.55% | 17.71% | 2.95% | -0.91% | 23.83% | 7.27% |
Correlation
The correlation between BGC.TO and TCLV.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.31 |
The correlation between BGC.TO and TCLV.TO shifts across timeframes, from 0.12 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGC.TO vs. TCLV.TO — Risk / Return Rank
BGC.TO
TCLV.TO
BGC.TO vs. TCLV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) and TD Q Canadian Low Volatility ETF (TCLV.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.
| BGC.TO | TCLV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.39 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 3.60 | -2.90 |
| Martin ratioReturn relative to average drawdown | 1.87 | 14.41 | -12.54 |
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Drawdowns
BGC.TO vs. TCLV.TO - Drawdown Comparison
The maximum BGC.TO drawdown since its inception was -36.73%, which is greater than TCLV.TO's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for BGC.TO and TCLV.TO.
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Drawdown Indicators
| BGC.TO | TCLV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.73% | -15.27% | -21.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -4.84% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -9.15% | -4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -15.27% | +1.13% |
Current DrawdownCurrent decline from peak | -0.52% | -0.25% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -3.02% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.21% | +2.02% |
Volatility
BGC.TO vs. TCLV.TO - Volatility Comparison
Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) has a higher volatility of 2.91% compared to TD Q Canadian Low Volatility ETF (TCLV.TO) at 2.64%. This indicates that BGC.TO's price experiences larger fluctuations and is considered to be riskier than TCLV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGC.TO | TCLV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.64% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 6.70% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 8.24% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 9.70% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 9.76% | +6.21% |
Dividends
BGC.TO vs. TCLV.TO - Dividend Comparison
BGC.TO has not paid dividends to shareholders, while TCLV.TO's dividend yield for the trailing twelve months is around 1.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BGC.TO Bristol Gate Concentrated Canadian Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TCLV.TO TD Q Canadian Low Volatility ETF | 1.82% | 1.88% | 2.68% | 3.15% | 2.84% | 2.64% | 1.59% |
Frequently Asked Questions
BGC.TO and TCLV.TO have a correlation of 0.12, 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: Bristol Gate and TD.
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