CGRA.TO vs. TBAL.TO
CGRA.TO (CI Global Real Asset Private Pool) and TBAL.TO (TD Balanced ETF Portfolio) are both Global Allocation funds. Both are actively managed. Over the past 5 years, CGRA.TO returned 7.84%/yr vs 8.95%/yr for TBAL.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
CGRA.TO vs. TBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGRA.TO achieves a 15.15% return, which is significantly higher than TBAL.TO's 8.55% return.
CGRA.TO
- 1D
- 0.00%
- 1M
- 3.45%
- YTD
- 15.15%
- 6M
- 15.15%
- 1Y
- 17.05%
- 3Y*
- 13.99%
- 5Y*
- 7.84%
- 10Y*
- —
TBAL.TO
- 1D
- 0.22%
- 1M
- 1.34%
- YTD
- 8.55%
- 6M
- 8.27%
- 1Y
- 17.99%
- 3Y*
- 15.03%
- 5Y*
- 8.95%
- 10Y*
- —
CGRA.TO vs. TBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 15.15% | 7.16% | 10.58% | 6.33% | -9.03% | 20.00% | 2.15% |
TBAL.TO TD Balanced ETF Portfolio | 8.55% | 13.83% | 15.32% | 15.85% | -12.63% | 13.07% | 5.05% |
Correlation
The correlation between CGRA.TO and TBAL.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.19 |
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Return for Risk
CGRA.TO vs. TBAL.TO — Risk / Return Rank
CGRA.TO
TBAL.TO
CGRA.TO vs. TBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Real Asset Private Pool (CGRA.TO) and TD Balanced ETF Portfolio (TBAL.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.
| CGRA.TO | TBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.42 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.02 | -0.34 |
| Martin ratioReturn relative to average drawdown | 9.91 | 12.81 | -2.90 |
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Drawdowns
CGRA.TO vs. TBAL.TO - Drawdown Comparison
The maximum CGRA.TO drawdown since its inception was -16.03%, smaller than the maximum TBAL.TO drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for CGRA.TO and TBAL.TO.
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Drawdown Indicators
| CGRA.TO | TBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.03% | -17.34% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -5.98% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -9.07% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.03% | -17.34% | +1.31% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.51% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.41% | +0.32% |
Volatility
CGRA.TO vs. TBAL.TO - Volatility Comparison
CI Global Real Asset Private Pool (CGRA.TO) and TD Balanced ETF Portfolio (TBAL.TO) have volatilities of 2.67% and 2.72%, 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.
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Volatility by Period
| CGRA.TO | TBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.72% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 6.79% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 8.08% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 9.15% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 8.98% | +2.70% |
Dividends
CGRA.TO vs. TBAL.TO - Dividend Comparison
CGRA.TO's dividend yield for the trailing twelve months is around 3.56%, more than TBAL.TO's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGRA.TO CI Global Real Asset Private Pool | 3.56% | 4.02% | 4.14% | 4.39% | 4.46% | 3.89% | 2.61% |
TBAL.TO TD Balanced ETF Portfolio | 2.26% | 2.56% | 2.55% | 2.65% | 2.65% | 1.75% | 0.88% |
Frequently Asked Questions
CGRA.TO and TBAL.TO have a correlation of 0.18, 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: CI and TD.
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