PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GBAL.TO vs. VGRO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GBAL.TO vs. VGRO.TO

Last updated Jun 5, 2026

GBAL.TO (iShares ESG Balanced ETF Portfolio) and VGRO.TO (Vanguard Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, GBAL.TO returned 9.04%/yr vs 11.00%/yr for VGRO.TO. A 0.67 correlation means they provide meaningful diversification when combined. GBAL.TO charges 0.25%/yr vs 0.20%/yr for VGRO.TO.

Performance

GBAL.TO vs. VGRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Balanced ETF Portfolio (GBAL.TO) and Vanguard Growth ETF Portfolio (VGRO.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GBAL.TO achieves a 9.39% return, which is significantly lower than VGRO.TO's 10.97% 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*
—

VGRO.TO

1D
0.57%
1M
5.12%
YTD
10.97%
6M
9.68%
1Y
25.48%
3Y*
18.25%
5Y*
11.00%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GBAL.TO vs. VGRO.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
GBAL.TO
iShares ESG Balanced ETF Portfolio		9.39%11.77%17.38%14.48%-11.94%11.32%6.10%
VGRO.TO
Vanguard Growth ETF Portfolio		10.97%16.11%19.27%14.79%-11.21%14.79%8.77%

Correlation

The correlation between GBAL.TO and VGRO.TO is 0.87, 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

0.87

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

0.67

Over the past year, GBAL.TO and VGRO.TO have become more correlated (0.87) than their long-term average of 0.67, meaning their price movements have been converging.

GBAL.TO vs. VGRO.TO - Sectors Allocation Comparison

Sectors
GBAL.TO
VGRO.TO

Technology

22.2%
20.3%

Financial Services

18.1%
20.6%

Industrials

5.4%
11.6%

Basic Materials

4.5%
8.6%

Consumer Cyclical

3.1%
7.8%

Healthcare

2.9%
6.7%

Real Estate

1.9%
2.3%

Communication Services

1.8%
6.0%

Consumer Defensive

1.7%
4.6%

Utilities

0.6%
2.8%

Energy

0.0%
8.7%

Technology

GBAL.TO
22.2%
VGRO.TO
20.3%

Financial Services

GBAL.TO
18.1%
VGRO.TO
20.6%

Industrials

GBAL.TO
5.4%
VGRO.TO
11.6%

Basic Materials

GBAL.TO
4.5%
VGRO.TO
8.6%

Consumer Cyclical

GBAL.TO
3.1%
VGRO.TO
7.8%

Healthcare

GBAL.TO
2.9%
VGRO.TO
6.7%

Real Estate

GBAL.TO
1.9%
VGRO.TO
2.3%

Communication Services

GBAL.TO
1.8%
VGRO.TO
6.0%

Consumer Defensive

GBAL.TO
1.7%
VGRO.TO
4.6%

Utilities

GBAL.TO
0.6%
VGRO.TO
2.8%

Energy

GBAL.TO
0.0%
VGRO.TO
8.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Balanced ETF Portfolio

Vanguard Growth ETF Portfolio

Often compared with GBAL.TO:
GBAL.TO vs. XBAL.TOGBAL.TO vs. EAORGBAL.TO vs. GEQT.TOGBAL.TO vs. XIN.TOGBAL.TO vs. GGRO.TOGBAL.TO vs. VBAL.TOGBAL.TO vs. VFV.TO
Often compared with VGRO.TO:
VGRO.TO vs. VEQT.TOVGRO.TO vs. XEQT.TOVGRO.TO vs. VBAL.TOVGRO.TO vs. XGRO.TOVGRO.TO vs. VDY.TOVGRO.TO vs. TGRO.TOVGRO.TO vs. ZGRO.TO

Return for Risk

GBAL.TO vs. VGRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GBAL.TO
GBAL.TO Risk / Return Rank: 6060
Overall Rank
GBAL.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
GBAL.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
GBAL.TO Omega Ratio Rank: 6161
Omega Ratio Rank
GBAL.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
GBAL.TO Martin Ratio Rank: 6363
Martin Ratio Rank
VGRO.TO
VGRO.TO Risk / Return Rank: 8181
Overall Rank
VGRO.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VGRO.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
VGRO.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VGRO.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
VGRO.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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.

GBAL.TO vs. VGRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Balanced ETF Portfolio (GBAL.TO) and Vanguard Growth ETF Portfolio (VGRO.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.TOVGRO.TODifference
Sharpe ratioReturn per unit of total volatility
1.92
2.66

-0.74

Sortino ratioReturn per unit of downside risk
2.79
3.72

-0.92

Omega ratioGain probability vs. loss probability

1.37

1.50

-0.13

Calmar ratioReturn relative to maximum drawdown

2.83

3.65

-0.82

Martin ratioReturn relative to average drawdown

11.25

15.92

-4.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBAL.TO vs. VGRO.TO - Sharpe Ratio Comparison

The current GBAL.TO Sharpe Ratio is 1.92, which is comparable to the VGRO.TO Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of GBAL.TO and VGRO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

GBAL.TOVGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

2.66

-0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

1.04

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

0.82

+0.22

Drawdowns

GBAL.TO vs. VGRO.TO - Drawdown Comparison

The maximum GBAL.TO drawdown since its inception was -18.92%, smaller than the maximum VGRO.TO drawdown of -25.36%. Use the drawdown chart below to compare losses from any high point for GBAL.TO and VGRO.TO.

Loading charts...

Drawdown Indicators

GBAL.TOVGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.92%

-25.36%

+6.44%

Max Drawdown (1Y)

Largest decline over 1 year

-6.40%

-7.01%

+0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-10.24%

-12.50%

+2.26%

Max Drawdown (5Y)

Largest decline over 5 years

-18.92%

-17.39%

-1.53%

Current Drawdown

Current decline from peak

-0.08%

0.00%

-0.08%

Average Drawdown

Average peak-to-trough decline

-4.30%

-3.41%

-0.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.60%

+0.01%

Volatility

GBAL.TO vs. VGRO.TO - Volatility Comparison

iShares ESG Balanced ETF Portfolio (GBAL.TO) and Vanguard Growth ETF Portfolio (VGRO.TO) have volatilities of 3.19% and 3.18%, 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.

Loading charts...

Volatility by Period

GBAL.TOVGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

3.18%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

7.87%

7.88%

-0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

9.42%

9.63%

-0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

10.64%

-0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.53%

12.53%

-3.00%

GBAL.TO vs. VGRO.TO - Expense Ratio Comparison

GBAL.TO has a 0.25% expense ratio, which is higher than VGRO.TO's 0.20% 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. VGRO.TO - Dividend Comparison

GBAL.TO's dividend yield for the trailing twelve months is around 1.71%, which matches VGRO.TO's 1.70% yield.

PositionTTM20252024202320222021202020192018
GBAL.TO
iShares ESG Balanced ETF Portfolio		1.71%1.83%1.84%2.40%1.87%1.43%0.96%0.00%0.00%
VGRO.TO
Vanguard Growth ETF Portfolio		1.70%1.88%2.01%2.13%2.14%1.80%1.77%2.17%2.09%

Frequently Asked Questions

GBAL.TO and VGRO.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.25% for GBAL.TO.

They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for GBAL.TO and 0.20% for VGRO.TO.

Portfolio Optimizer

Find the right allocation for GBAL.TO and VGRO.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer