GCNS.TO vs. TGRO.TO
GCNS.TO (iShares ESG Conservative Balanced ETF Portfolio) and TGRO.TO (TD Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, GCNS.TO returned 6.92%/yr vs 13.26%/yr for TGRO.TO. At a 0.29 correlation, their price movements are largely independent. GCNS.TO charges 0.25%/yr vs 0.15%/yr for TGRO.TO.
Performance
GCNS.TO vs. TGRO.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 lower than TGRO.TO's 9.93% 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*
- —
TGRO.TO
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 9.93%
- 6M
- 9.81%
- 1Y
- 25.55%
- 3Y*
- 19.69%
- 5Y*
- 13.26%
- 10Y*
- —
GCNS.TO vs. TGRO.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% |
TGRO.TO TD Growth ETF Portfolio | 9.93% | 18.03% | 22.28% | 18.36% | -11.39% | 20.46% | 9.96% |
Correlation
The correlation between GCNS.TO and TGRO.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020 | 0.29 |
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Return for Risk
GCNS.TO vs. TGRO.TO — Risk / Return Rank
GCNS.TO
TGRO.TO
GCNS.TO vs. TGRO.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 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.
| GCNS.TO | TGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.49 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.56 | -0.76 |
| Martin ratioReturn relative to average drawdown | 9.32 | 15.71 | -6.39 |
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 | TGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.58 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 1.14 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.10 | +0.82 |
Drawdowns
GCNS.TO vs. TGRO.TO - Drawdown Comparison
The maximum GCNS.TO drawdown since its inception was -15.37%, smaller than the maximum TGRO.TO drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for GCNS.TO and TGRO.TO.
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Drawdown Indicators
| GCNS.TO | TGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.37% | -18.37% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -7.21% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -13.27% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -15.37% | -18.37% | +3.00% |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -3.46% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.63% | -0.19% |
Volatility
GCNS.TO vs. TGRO.TO - Volatility Comparison
The current volatility for iShares ESG Conservative Balanced ETF Portfolio (GCNS.TO) is 2.47%, while TD Growth ETF Portfolio (TGRO.TO) has a volatility of 3.28%. This indicates that GCNS.TO experiences smaller price fluctuations and is considered to be less risky than TGRO.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 | TGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 3.28% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.59% | 8.10% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 9.93% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 11.69% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 995.08% | -987.25% |
GCNS.TO vs. TGRO.TO - Expense Ratio Comparison
GCNS.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
GCNS.TO vs. TGRO.TO - Dividend Comparison
GCNS.TO's dividend yield for the trailing twelve months is around 1.98%, more than TGRO.TO's 1.78% 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% |
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% |
Frequently Asked Questions
GCNS.TO and TGRO.TO have a correlation of 0.35, 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 GCNS.TO.
They also come from different issuers: iShares and TD. Their fees differ too: 0.25% for GCNS.TO and 0.15% for TGRO.TO.
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