PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TBAL.TO vs. VCNS.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TBAL.TO vs. VCNS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Balanced ETF Portfolio (TBAL.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO).

TBAL.TO and VCNS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBAL.TO is an actively managed fund by TD. It was launched on Aug 11, 2020. VCNS.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.

Performance

TBAL.TO vs. VCNS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Balanced ETF Portfolio (TBAL.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

TBAL.TO vs. VCNS.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TBAL.TO
TD Balanced ETF Portfolio		0.33%13.83%16.01%15.85%-12.63%12.93%5.05%
VCNS.TO
Vanguard Conservative ETF Portfolio		0.22%8.13%9.74%10.32%-11.72%5.79%4.03%

Returns By Period

In the year-to-date period, TBAL.TO achieves a 0.33% return, which is significantly higher than VCNS.TO's 0.22% return.

TBAL.TO

1D
1.74%
1M
-3.48%
YTD
0.33%
6M
2.23%
1Y
12.93%
3Y*
12.81%
5Y*
8.23%
10Y*
—

VCNS.TO

1D
1.35%
1M
-3.05%
YTD
0.22%
6M
-0.17%
1Y
7.67%
3Y*
7.95%
5Y*
4.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Balanced ETF Portfolio

Vanguard Conservative ETF Portfolio

Often compared with TBAL.TO:
TBAL.TO vs. TGRO.TOTBAL.TO vs. VBAL.TOTBAL.TO vs. XBAL.TOTBAL.TO vs. TEQT.TOTBAL.TO vs. VDY.TOTBAL.TO vs. HDIV.TOTBAL.TO vs. TQCD.TO
Often compared with VCNS.TO:
VCNS.TO vs. VBAL.TOVCNS.TO vs. XCNS.TOVCNS.TO vs. VOOVCNS.TO vs. XIC.TOVCNS.TO vs. VGRO.TOVCNS.TO vs. VEQT.TOVCNS.TO vs. VFV.TO

TBAL.TO vs. VCNS.TO - Expense Ratio Comparison

TBAL.TO has a 0.15% expense ratio, which is lower than VCNS.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VCNS.TO
Vanguard Conservative ETF Portfolio
TBAL.TO
TD Balanced ETF Portfolio

Return for Risk

TBAL.TO vs. VCNS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TBAL.TO
TBAL.TO Risk / Return Rank: 7676
Overall Rank
TBAL.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TBAL.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
TBAL.TO Omega Ratio Rank: 7575
Omega Ratio Rank
TBAL.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
TBAL.TO Martin Ratio Rank: 7676
Martin Ratio Rank
VCNS.TO
VCNS.TO Risk / Return Rank: 6060
Overall Rank
VCNS.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
VCNS.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
VCNS.TO Omega Ratio Rank: 6060
Omega Ratio Rank
VCNS.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
VCNS.TO Martin Ratio Rank: 5858
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TBAL.TO vs. VCNS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Balanced ETF Portfolio (TBAL.TO) and Vanguard Conservative ETF Portfolio (VCNS.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.

TBAL.TOVCNS.TODifference

Sharpe ratio

Return per unit of total volatility

1.35

1.04

+0.31

Sortino ratio

Return per unit of downside risk

1.87

1.42

+0.45

Omega ratio

Gain probability vs. loss probability

1.27

1.21

+0.06

Calmar ratio

Return relative to maximum drawdown

1.89

1.50

+0.38

Martin ratio

Return relative to average drawdown

7.74

5.47

+2.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBAL.TO vs. VCNS.TO - Sharpe Ratio Comparison

The current TBAL.TO Sharpe Ratio is 1.35, which is comparable to the VCNS.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of TBAL.TO and VCNS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

TBAL.TOVCNS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

1.04

+0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

0.62

+0.30

Sharpe Ratio (All Time)

Calculated using the full available price history

0.97

0.25

+0.72

Correlation

The correlation between TBAL.TO and VCNS.TO is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TBAL.TO vs. VCNS.TO - Dividend Comparison

TBAL.TO's dividend yield for the trailing twelve months is around 2.50%, less than VCNS.TO's 2.54% yield.

TTM20252024202320222021202020192018
TBAL.TO
TD Balanced ETF Portfolio		2.50%2.56%2.54%2.65%2.65%1.64%0.88%0.00%0.00%
VCNS.TO
Vanguard Conservative ETF Portfolio		2.54%2.54%2.58%2.57%2.28%2.09%1.88%2.28%75.90%

Drawdowns

TBAL.TO vs. VCNS.TO - Drawdown Comparison

The maximum TBAL.TO drawdown since its inception was -17.34%, roughly equal to the maximum VCNS.TO drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for TBAL.TO and VCNS.TO.

Loading graphics...

Drawdown Indicators

TBAL.TOVCNS.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.34%

-18.04%

+0.70%

Max Drawdown (1Y)

Largest decline over 1 year

-7.17%

-5.38%

-1.79%

Max Drawdown (5Y)

Largest decline over 5 years

-17.34%

-15.73%

-1.61%

Current Drawdown

Current decline from peak

-3.83%

-3.20%

-0.63%

Average Drawdown

Average peak-to-trough decline

-3.62%

-3.09%

-0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.48%

+0.27%

Volatility

TBAL.TO vs. VCNS.TO - Volatility Comparison

TD Balanced ETF Portfolio (TBAL.TO) has a higher volatility of 4.05% compared to Vanguard Conservative ETF Portfolio (VCNS.TO) at 3.29%. This indicates that TBAL.TO's price experiences larger fluctuations and is considered to be riskier than VCNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

TBAL.TOVCNS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

3.29%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

6.12%

4.90%

+1.22%

Volatility (1Y)

Calculated over the trailing 1-year period

9.63%

7.42%

+2.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.02%

6.73%

+2.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.96%

92.46%

-83.50%