ESGA.TO vs. TTP.TO
ESGA.TO (BMO MSCI Canada Selection Equity Index ETF) and TTP.TO (TD Canadian Equity Index ETF) are both Canada Equities funds. Over the past 5 years, ESGA.TO returned 12.40%/yr vs 14.95%/yr for TTP.TO. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
ESGA.TO vs. TTP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGA.TO achieves a 8.01% return, which is significantly lower than TTP.TO's 11.07% return.
ESGA.TO
- 1D
- 0.16%
- 1M
- 2.81%
- YTD
- 8.01%
- 6M
- 7.25%
- 1Y
- 28.36%
- 3Y*
- 22.99%
- 5Y*
- 12.40%
- 10Y*
- —
TTP.TO
- 1D
- 0.18%
- 1M
- 0.65%
- YTD
- 11.07%
- 6M
- 10.54%
- 1Y
- 32.85%
- 3Y*
- 23.49%
- 5Y*
- 14.95%
- 10Y*
- 13.02%
ESGA.TO vs. TTP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 8.01% | 32.44% | 21.41% | 13.92% | -15.59% | 24.90% | 7.30% |
TTP.TO TD Canadian Equity Index ETF | 11.07% | 31.96% | 21.65% | 11.66% | -5.76% | 25.31% | 4.67% |
Correlation
The correlation between ESGA.TO and TTP.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.73 |
The correlation between ESGA.TO and TTP.TO has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
ESGA.TO vs. TTP.TO — Risk / Return Rank
ESGA.TO
TTP.TO
ESGA.TO vs. TTP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada Selection Equity Index ETF (ESGA.TO) and TD Canadian Equity Index ETF (TTP.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.
| ESGA.TO | TTP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.50 | -0.15 |
| Martin ratioReturn relative to average drawdown | 11.99 | 15.79 | -3.80 |
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Drawdowns
ESGA.TO vs. TTP.TO - Drawdown Comparison
The maximum ESGA.TO drawdown since its inception was -32.68%, smaller than the maximum TTP.TO drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for ESGA.TO and TTP.TO.
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Drawdown Indicators
| ESGA.TO | TTP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -37.03% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -9.43% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -12.21% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | -16.44% | -6.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.03% | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.47% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -3.34% | -3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.09% | +0.28% |
Volatility
ESGA.TO vs. TTP.TO - Volatility Comparison
The current volatility for BMO MSCI Canada Selection Equity Index ETF (ESGA.TO) is 3.14%, while TD Canadian Equity Index ETF (TTP.TO) has a volatility of 4.15%. This indicates that ESGA.TO experiences smaller price fluctuations and is considered to be less risky than TTP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGA.TO | TTP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 4.15% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 10.79% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 13.20% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 13.28% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 15.18% | +1.05% |
Dividends
ESGA.TO vs. TTP.TO - Dividend Comparison
ESGA.TO's dividend yield for the trailing twelve months is around 1.87%, less than TTP.TO's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 1.87% | 1.93% | 2.50% | 2.98% | 3.42% | 2.66% | 3.23% | 0.00% | 0.00% | 0.00% | 0.00% |
TTP.TO TD Canadian Equity Index ETF | 1.90% | 2.06% | 2.55% | 2.91% | 3.68% | 1.86% | 2.84% | 2.09% | 2.95% | 2.41% | 1.93% |
Frequently Asked Questions
ESGA.TO and TTP.TO have a correlation of 0.77, 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: BMO and TD.
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