TCON.TO vs. GGRO.TO
TCON.TO (TD Conservative ETF Portfolio) and GGRO.TO (iShares ESG Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TCON.TO returned 5.86%/yr vs 11.21%/yr for GGRO.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
TCON.TO vs. GGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TCON.TO achieves a 5.47% return, which is significantly lower than GGRO.TO's 11.53% return.
TCON.TO
- 1D
- -0.12%
- 1M
- 3.36%
- YTD
- 5.47%
- 6M
- 5.16%
- 1Y
- 13.36%
- 3Y*
- 10.64%
- 5Y*
- 5.86%
- 10Y*
- —
GGRO.TO
- 1D
- -0.62%
- 1M
- 6.36%
- YTD
- 11.53%
- 6M
- 9.38%
- 1Y
- 22.46%
- 3Y*
- 19.13%
- 5Y*
- 11.21%
- 10Y*
- —
TCON.TO vs. GGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.47% | 10.47% | 9.68% | 11.95% | -12.34% | 5.71% | 3.41% |
GGRO.TO iShares ESG Growth ETF Portfolio | 11.53% | 14.24% | 20.48% | 19.18% | -14.11% | 15.52% | 7.20% |
Correlation
The correlation between TCON.TO and GGRO.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2020 | 0.47 |
Over the past year, TCON.TO and GGRO.TO have become more correlated (0.77) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
TCON.TO vs. GGRO.TO — Risk / Return Rank
TCON.TO
GGRO.TO
TCON.TO vs. GGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) 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.
| TCON.TO | GGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.91 | -0.26 |
| Martin ratioReturn relative to average drawdown | 11.37 | 11.75 | -0.38 |
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
| TCON.TO | GGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.89 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.96 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.07 | -0.34 |
Drawdowns
TCON.TO vs. GGRO.TO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, smaller than the maximum GGRO.TO drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for TCON.TO and GGRO.TO.
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Drawdown Indicators
| TCON.TO | GGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -22.13% | +5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -7.74% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -13.78% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -22.13% | +5.70% |
Current DrawdownCurrent decline from peak | -0.12% | -0.62% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -4.97% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.92% | -0.74% |
Volatility
TCON.TO vs. GGRO.TO - Volatility Comparison
The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.98%, while iShares ESG Growth ETF Portfolio (GGRO.TO) has a volatility of 3.84%. This indicates that TCON.TO experiences smaller price fluctuations and is considered to be less risky 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
| TCON.TO | GGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 3.84% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 9.82% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 11.91% | -5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 11.76% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 11.57% | -4.01% |
Dividends
TCON.TO vs. GGRO.TO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.62%, more than GGRO.TO's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 1.38% | 1.51% | 1.62% | 1.89% | 1.69% | 1.43% | 0.83% |
TCON.TO TD Conservative ETF Portfolio | 2.62% | 2.88% | 3.48% | 3.27% | 2.69% | 1.87% | 1.03% |
Frequently Asked Questions
TCON.TO and GGRO.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and iShares.
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