CEQT.TO vs. TCON.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Equity Asset Allocation ETF (CEQT.TO) and TD Conservative ETF Portfolio (TCON.TO).

CEQT.TO and TCON.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEQT.TO is an actively managed fund by CI. It was launched on May 17, 2023. TCON.TO is an actively managed fund by TD. It was launched on Aug 11, 2020.

Performance

CEQT.TO vs. TCON.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Equity Asset Allocation ETF (CEQT.TO) and TD Conservative ETF Portfolio (TCON.TO). The values are adjusted to include any dividend payments, if applicable.

CEQT.TO vs. TCON.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CEQT.TO CI Equity Asset Allocation ETF	-1.84%	18.84%	27.38%	6.47%
TCON.TO TD Conservative ETF Portfolio	0.57%	10.47%	9.68%	6.29%

Returns By Period

In the year-to-date period, CEQT.TO achieves a -1.84% return, which is significantly lower than TCON.TO's 0.57% return.

CEQT.TO

• 1D: -0.49%
• 1M: -6.66%
• YTD: -1.84%
• 6M: 1.25%
• 1Y: 18.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCON.TO

• 1D: 1.59%
• 1M: -2.82%
• YTD: 0.57%
• 6M: 1.96%
• 1Y: 9.20%
• 3Y*: 9.03%
• 5Y*: 5.01%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEQT.TO vs. TCON.TO - Expense Ratio Comparison

CEQT.TO

CI Equity Asset Allocation ETF

Return for Risk

CEQT.TO vs. TCON.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEQT.TO

CEQT.TO Risk / Return Rank: 59
CEQT.TO Sharpe Ratio Rank: 54
CEQT.TO Sortino Ratio Rank: 55
CEQT.TO Omega Ratio Rank: 88
CEQT.TO Calmar Ratio Rank: 45
CEQT.TO Martin Ratio Rank: 56

TCON.TO

TCON.TO Risk / Return Rank: 69
TCON.TO Sharpe Ratio Rank: 70
TCON.TO Sortino Ratio Rank: 68
TCON.TO Omega Ratio Rank: 66
TCON.TO Calmar Ratio Rank: 72
TCON.TO Martin Ratio Rank: 68

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.

CEQT.TO vs. TCON.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Equity Asset Allocation ETF (CEQT.TO) and TD Conservative ETF Portfolio (TCON.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.

	CEQT.TO	TCON.TO	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.26	-0.28
Sortino ratio Return per unit of downside risk	1.46	1.74	-0.28
Omega ratio Gain probability vs. loss probability	1.36	1.25	+0.11
Calmar ratio Return relative to maximum drawdown	1.19	1.89	-0.70
Martin ratio Return relative to average drawdown	5.56	7.10	-1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEQT.TO vs. TCON.TO - Sharpe Ratio Comparison

The current CEQT.TO Sharpe Ratio is 0.98, which is comparable to the TCON.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of CEQT.TO and TCON.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CEQT.TO	TCON.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.26	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.64	+0.71

Correlation

The correlation between CEQT.TO and TCON.TO is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CEQT.TO vs. TCON.TO - Dividend Comparison

CEQT.TO's dividend yield for the trailing twelve months is around 1.04%, less than TCON.TO's 2.80% yield.

	TTM	2025	2024	2023	2022	2021	2020
CEQT.TO CI Equity Asset Allocation ETF	1.04%	1.25%	1.82%	1.06%	0.00%	0.00%	0.00%
TCON.TO TD Conservative ETF Portfolio	2.80%	2.88%	3.48%	3.27%	2.69%	1.87%	1.03%

Drawdowns

CEQT.TO vs. TCON.TO - Drawdown Comparison

The maximum CEQT.TO drawdown since its inception was -14.02%, smaller than the maximum TCON.TO drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for CEQT.TO and TCON.TO.

Drawdown Indicators

	CEQT.TO	TCON.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-16.43%	+2.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-5.23%	-6.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.43%	—
Current Drawdown Current decline from peak	-7.26%	-2.99%	-4.27%
Average Drawdown Average peak-to-trough decline	-1.20%	-3.83%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.39%	+1.51%

Volatility

CEQT.TO vs. TCON.TO - Volatility Comparison

CI Equity Asset Allocation ETF (CEQT.TO) and TD Conservative ETF Portfolio (TCON.TO) have volatilities of 3.60% and 3.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEQT.TO	TCON.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.57%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	5.05%	+2.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	7.34%	+9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.94%	7.74%	+5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	7.57%	+5.37%