GBAL.TO vs. TGRO.TO
GBAL.TO (iShares ESG Balanced ETF Portfolio) and TGRO.TO (TD Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, GBAL.TO returned 9.04%/yr vs 13.41%/yr for TGRO.TO. A 0.68 correlation means they provide meaningful diversification when combined. GBAL.TO charges 0.25%/yr vs 0.15%/yr for TGRO.TO.
Performance
GBAL.TO vs. TGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GBAL.TO achieves a 9.39% return, which is significantly lower than TGRO.TO's 10.65% return.
GBAL.TO
- 1D
- 0.16%
- 1M
- 5.46%
- YTD
- 9.39%
- 6M
- 7.35%
- 1Y
- 18.03%
- 3Y*
- 15.66%
- 5Y*
- 9.04%
- 10Y*
- —
TGRO.TO
- 1D
- 0.66%
- 1M
- 5.30%
- YTD
- 10.65%
- 6M
- 10.15%
- 1Y
- 26.43%
- 3Y*
- 20.02%
- 5Y*
- 13.41%
- 10Y*
- —
GBAL.TO vs. TGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBAL.TO iShares ESG Balanced ETF Portfolio | 9.39% | 11.77% | 17.38% | 14.48% | -11.94% | 11.32% | 6.10% |
TGRO.TO TD Growth ETF Portfolio | 10.65% | 18.03% | 22.28% | 18.36% | -11.39% | 20.46% | 8.56% |
Correlation
The correlation between GBAL.TO and TGRO.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.68 |
The correlation between GBAL.TO and TGRO.TO shifts across timeframes, from 0.68 (5 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBAL.TO vs. TGRO.TO — Risk / Return Rank
GBAL.TO
TGRO.TO
GBAL.TO vs. TGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Balanced ETF Portfolio (GBAL.TO) and TD Growth ETF Portfolio (TGRO.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.
| GBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 3.68 | -0.85 |
| Martin ratioReturn relative to average drawdown | 11.25 | 16.25 | -5.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.67 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.15 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.10 | +0.93 |
Drawdowns
GBAL.TO vs. TGRO.TO - Drawdown Comparison
The maximum GBAL.TO drawdown since its inception was -18.92%, roughly equal to the maximum TGRO.TO drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for GBAL.TO and TGRO.TO.
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Drawdown Indicators
| GBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.92% | -18.37% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -7.21% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | -13.27% | +3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -18.37% | -0.55% |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -3.45% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.63% | -0.02% |
Volatility
GBAL.TO vs. TGRO.TO - Volatility Comparison
iShares ESG Balanced ETF Portfolio (GBAL.TO) and TD Growth ETF Portfolio (TGRO.TO) have volatilities of 3.19% and 3.29%, 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
| GBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.29% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 8.12% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 9.95% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 11.69% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 994.74% | -985.21% |
GBAL.TO vs. TGRO.TO - Expense Ratio Comparison
GBAL.TO has a 0.25% expense ratio, which is higher than TGRO.TO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBAL.TO vs. TGRO.TO - Dividend Comparison
GBAL.TO's dividend yield for the trailing twelve months is around 1.71%, less than TGRO.TO's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GBAL.TO iShares ESG Balanced ETF Portfolio | 1.71% | 1.83% | 1.84% | 2.40% | 1.87% | 1.43% | 0.96% |
TGRO.TO TD Growth ETF Portfolio | 1.77% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% |
Frequently Asked Questions
GBAL.TO and TGRO.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TGRO.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGRO.TO is cheaper with a 0.15% expense ratio, compared with 0.25% for GBAL.TO.
They also come from different issuers: iShares and TD. Their fees differ too: 0.25% for GBAL.TO and 0.15% for TGRO.TO.
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