GGRO.TO vs. MA
GGRO.TO (iShares ESG Growth ETF Portfolio) is Diversified Portfolio fund actively managed by iShares, while MA (Mastercard Incorporated) is a stock. Over the past 5 years, GGRO.TO returned 11.34%/yr vs 9.73%/yr for MA. At a 0.34 correlation, their price movements are largely independent.
Performance
GGRO.TO vs. MA - Performance Comparison
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Different Trading Currencies
GGRO.TO is traded in CAD, while MA is traded in USD. To make them comparable, the MA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GGRO.TO achieves a 13.16% return, which is significantly higher than MA's -12.09% return.
GGRO.TO
- 1D
- 1.41%
- 1M
- 5.68%
- YTD
- 13.16%
- 6M
- 11.03%
- 1Y
- 25.16%
- 3Y*
- 18.97%
- 5Y*
- 11.34%
- 10Y*
- —
MA
- 1D
- 0.07%
- 1M
- 1.02%
- YTD
- -12.09%
- 6M
- -12.28%
- 1Y
- -9.82%
- 3Y*
- 11.88%
- 5Y*
- 9.73%
- 10Y*
- 19.69%
GGRO.TO vs. MA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 13.16% | 14.25% | 20.49% | 19.17% | -14.12% | 15.53% | 7.20% |
MA Mastercard Incorporated | -12.09% | 4.06% | 34.69% | 20.47% | 3.51% | 1.11% | 4.64% |
Correlation
The correlation between GGRO.TO and MA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.35 |
The correlation between GGRO.TO and MA shifts across timeframes, from 0.19 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GGRO.TO vs. MA — Risk / Return Rank
GGRO.TO
MA
GGRO.TO vs. MA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Growth ETF Portfolio (GGRO.TO) and Mastercard Incorporated (MA). 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.
| GGRO.TO | MA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.94 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | -0.46 | +3.73 |
| Martin ratioReturn relative to average drawdown | 13.00 | -0.90 | +13.90 |
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Drawdowns
GGRO.TO vs. MA - Drawdown Comparison
The maximum GGRO.TO drawdown since its inception was -22.12%, smaller than the maximum MA drawdown of -52.89%. Use the drawdown chart below to compare losses from any high point for GGRO.TO and MA.
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Drawdown Indicators
| GGRO.TO | MA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -52.89% | +30.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -21.23% | +13.49% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -21.23% | +7.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -22.54% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.34% | +17.34% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -9.14% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 10.90% | -8.96% |
Volatility
GGRO.TO vs. MA - Volatility Comparison
The current volatility for iShares ESG Growth ETF Portfolio (GGRO.TO) is 4.56%, while Mastercard Incorporated (MA) has a volatility of 6.58%. This indicates that GGRO.TO experiences smaller price fluctuations and is considered to be less risky than MA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGRO.TO | MA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 6.58% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 17.67% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 22.34% | -10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 24.68% | -9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 27.68% | -11.33% |
Dividends
GGRO.TO vs. MA - Dividend Comparison
GGRO.TO's dividend yield for the trailing twelve months is around 1.37%, more than MA's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 1.37% | 1.52% | 1.63% | 1.89% | 1.69% | 1.44% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MA Mastercard Incorporated | 0.66% | 0.53% | 0.50% | 0.53% | 0.56% | 0.49% | 0.45% | 0.44% | 0.53% | 0.58% | 0.74% | 0.66% |
Frequently Asked Questions
GGRO.TO and MA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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