MA vs. GGRO.TO
MA (Mastercard Incorporated) is a stock, while GGRO.TO (iShares ESG Growth ETF Portfolio) is Diversified Portfolio fund actively managed by iShares. Over the past 5 years, MA returned 6.78%/yr vs 8.35%/yr for GGRO.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
MA vs. GGRO.TO - Performance Comparison
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Different Trading Currencies
MA is traded in USD, while GGRO.TO is traded in CAD. To make them comparable, the GGRO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MA achieves a -13.78% return, which is significantly lower than GGRO.TO's 10.98% return.
MA
- 1D
- 0.13%
- 1M
- -0.72%
- YTD
- -13.78%
- 6M
- -13.51%
- 1Y
- -12.19%
- 3Y*
- 9.87%
- 5Y*
- 6.78%
- 10Y*
- 18.76%
GGRO.TO
- 1D
- 1.47%
- 1M
- 3.86%
- YTD
- 10.98%
- 6M
- 9.47%
- 1Y
- 21.87%
- 3Y*
- 16.82%
- 5Y*
- 8.35%
- 10Y*
- —
MA vs. GGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MA Mastercard Incorporated | -13.78% | 9.04% | 24.17% | 23.40% | -2.66% | 1.16% | 8.24% |
GGRO.TO iShares ESG Growth ETF Portfolio | 10.98% | 19.71% | 11.09% | 22.07% | -19.23% | 15.59% | 10.82% |
Correlation
The correlation between MA and GGRO.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.34 |
The correlation between MA and GGRO.TO shifts across timeframes, from 0.18 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MA vs. GGRO.TO — Risk / Return Rank
MA
GGRO.TO
MA vs. GGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mastercard Incorporated (MA) and iShares ESG Growth ETF Portfolio (GGRO.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.
| MA | GGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.30 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.51 | -3.09 |
| Martin ratioReturn relative to average drawdown | -1.18 | 10.04 | -11.21 |
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Drawdowns
MA vs. GGRO.TO - Drawdown Comparison
The maximum MA drawdown since its inception was -62.67%, which is greater than GGRO.TO's maximum drawdown of -28.93%. Use the drawdown chart below to compare losses from any high point for MA and GGRO.TO.
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Drawdown Indicators
| MA | GGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.67% | -28.93% | -33.74% |
Max Drawdown (1Y)Largest decline over 1 year | -20.91% | -8.76% | -12.15% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | -15.11% | -5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -28.25% | -28.93% | +0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -41.00% | — | — |
Current DrawdownCurrent decline from peak | -17.71% | -0.06% | -17.65% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -7.07% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 2.18% | +8.20% |
Volatility
MA vs. GGRO.TO - Volatility Comparison
Mastercard Incorporated (MA) has a higher volatility of 6.46% compared to iShares ESG Growth ETF Portfolio (GGRO.TO) at 4.71%. This indicates that MA's price experiences larger fluctuations and is considered to be riskier than GGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MA | GGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 4.71% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.91% | 11.04% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 13.41% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.02% | 16.58% | +7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.93% | 17.65% | +9.28% |
Dividends
MA vs. GGRO.TO - Dividend Comparison
MA's dividend yield for the trailing twelve months is around 0.66%, less than GGRO.TO's 1.37% 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
MA and GGRO.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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