ISIF.TO vs. GRO.TO
ISIF.TO (IA Clarington Strategic Income Fund) and GRO.TO (Franklin Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, ISIF.TO returned 10.95% vs 21.59% for GRO.TO. At a 0.06 correlation, their price movements are largely independent. ISIF.TO charges 0.94%/yr vs 0.21%/yr for GRO.TO.
Performance
ISIF.TO vs. GRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ISIF.TO achieves a 6.17% return, which is significantly lower than GRO.TO's 10.52% return.
ISIF.TO
- 1D
- -0.37%
- 1M
- 0.68%
- 6M
- 5.28%
- YTD
- 6.17%
- 1Y
- 10.95%
- 3Y*
- 11.09%
- 5Y*
- 7.01%
- 10Y*
- —
- ALL TIME*
- 7.42%
GRO.TO
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 8.16%
- YTD
- 10.52%
- 1Y
- 21.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$0.00 | CA$390.87 | CA$1.92K | |
| CA$409.30 | CA$5.79K | CA$2.57K |
ISIF.TO vs. GRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISIF.TO IA Clarington Strategic Income Fund | 6.17% | 12.42% | 6.58% |
GRO.TO Franklin Growth ETF Portfolio | 10.52% | 11.09% | 15.17% |
Correlation
The correlation between ISIF.TO and GRO.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2024 | 0.06 |
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Return for Risk
ISIF.TO vs. GRO.TO — Risk / Return Rank
ISIF.TO
GRO.TO
ISIF.TO vs. GRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IA Clarington Strategic Income Fund (ISIF.TO) and Franklin Growth ETF Portfolio (GRO.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.
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.
| ISIF.TO | GRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 2.81 | -1.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.75 | -1.26 |
| Martin ratioReturn relative to average drawdown | 10.30 | 17.38 | -7.08 |
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Drawdowns
ISIF.TO vs. GRO.TO - Drawdown Comparison
The maximum ISIF.TO drawdown since its inception was -18.65%, which is greater than GRO.TO's maximum drawdown of -12.96%. Use the drawdown chart below to compare losses from any high point for ISIF.TO and GRO.TO.
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Drawdown Indicators
| ISIF.TO | GRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -12.96% | -5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -5.81% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.47% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.48% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -1.20% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.25% | -0.13% |
Volatility
ISIF.TO vs. GRO.TO - Volatility Comparison
IA Clarington Strategic Income Fund (ISIF.TO) has a higher volatility of 5.06% compared to Franklin Growth ETF Portfolio (GRO.TO) at 0.18%. This indicates that ISIF.TO's price experiences larger fluctuations and is considered to be riskier than GRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISIF.TO | GRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 0.18% | +4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 7.15% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 8.48% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 11.74% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 11.74% | -1.49% |
ISIF.TO vs. GRO.TO - Expense Ratio Comparison
ISIF.TO has a 0.94% expense ratio, which is higher than GRO.TO's 0.21% expense ratio.
Dividends
ISIF.TO vs. GRO.TO - Dividend Comparison
ISIF.TO's dividend yield for the trailing twelve months is around 2.78%, more than GRO.TO's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRO.TO Franklin Growth ETF Portfolio | 1.53% | 2.04% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISIF.TO IA Clarington Strategic Income Fund | 2.78% | 2.83% | 2.85% | 2.58% | 2.98% | 1.59% | 2.68% | 0.44% |
Frequently Asked Questions
ISIF.TO and GRO.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRO.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRO.TO is cheaper with a 0.21% expense ratio, compared with 0.94% for ISIF.TO.
They also come from different issuers: IA Clarington Investments Inc. and Franklin Templeton. Their fees differ too: 0.94% for ISIF.TO and 0.21% for GRO.TO.
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