GCNS.TO vs. TCON.TO
GCNS.TO (iShares ESG Conservative Balanced ETF Portfolio) and TCON.TO (TD Conservative ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, GCNS.TO returned 6.92%/yr vs 5.86%/yr for TCON.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
GCNS.TO vs. TCON.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GCNS.TO achieves a 6.84% return, which is significantly higher than TCON.TO's 5.47% return.
GCNS.TO
- 1D
- 0.17%
- 1M
- 4.64%
- YTD
- 6.84%
- 6M
- 5.63%
- 1Y
- 13.41%
- 3Y*
- 12.23%
- 5Y*
- 6.92%
- 10Y*
- —
TCON.TO
- 1D
- -0.12%
- 1M
- 3.36%
- YTD
- 5.47%
- 6M
- 5.16%
- 1Y
- 13.36%
- 3Y*
- 10.64%
- 5Y*
- 5.86%
- 10Y*
- —
GCNS.TO vs. TCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GCNS.TO iShares ESG Conservative Balanced ETF Portfolio | 6.84% | 7.23% | 15.54% | 11.66% | -10.94% | 8.07% | 4.37% |
TCON.TO TD Conservative ETF Portfolio | 5.47% | 10.47% | 9.68% | 11.95% | -12.34% | 5.71% | 3.83% |
Correlation
The correlation between GCNS.TO and TCON.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020 | 0.37 |
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Return for Risk
GCNS.TO vs. TCON.TO — Risk / Return Rank
GCNS.TO
TCON.TO
GCNS.TO vs. TCON.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Conservative Balanced ETF Portfolio (GCNS.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.
| GCNS.TO | TCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.65 | +0.15 |
| Martin ratioReturn relative to average drawdown | 9.32 | 11.37 | -2.05 |
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
| GCNS.TO | TCON.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.13 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.76 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.73 | +0.19 |
Drawdowns
GCNS.TO vs. TCON.TO - Drawdown Comparison
The maximum GCNS.TO drawdown since its inception was -15.37%, smaller than the maximum TCON.TO drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for GCNS.TO and TCON.TO.
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Drawdown Indicators
| GCNS.TO | TCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.37% | -16.43% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -5.06% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -6.18% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.37% | -16.43% | +1.06% |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.74% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.18% | +0.26% |
Volatility
GCNS.TO vs. TCON.TO - Volatility Comparison
iShares ESG Conservative Balanced ETF Portfolio (GCNS.TO) has a higher volatility of 2.47% compared to TD Conservative ETF Portfolio (TCON.TO) at 1.98%. This indicates that GCNS.TO's price experiences larger fluctuations and is considered to be riskier than TCON.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCNS.TO | TCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.98% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | 5.27% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 6.30% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 7.78% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 7.56% | +0.27% |
Dividends
GCNS.TO vs. TCON.TO - Dividend Comparison
GCNS.TO's dividend yield for the trailing twelve months is around 1.98%, less than TCON.TO's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GCNS.TO iShares ESG Conservative Balanced ETF Portfolio | 1.98% | 2.07% | 2.03% | 2.88% | 2.09% | 1.60% | 2.49% |
TCON.TO TD Conservative ETF Portfolio | 2.62% | 2.88% | 3.48% | 3.27% | 2.69% | 1.87% | 1.03% |
Frequently Asked Questions
GCNS.TO and TCON.TO have a correlation of 0.33, 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: iShares and TD.
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