TCON.TO vs. ISIF.TO
TCON.TO (TD Conservative ETF Portfolio) and ISIF.TO (IA Clarington Strategic Income Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TCON.TO returned 5.13%/yr vs 6.95%/yr for ISIF.TO. Their 0.18 correlation means their historical movements had little consistent relationship. TCON.TO charges 0.17%/yr vs 0.94%/yr for ISIF.TO.
Performance
TCON.TO vs. ISIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TCON.TO achieves a 5.41% return, which is significantly lower than ISIF.TO's 6.64% return.
TCON.TO
- 1D
- -0.23%
- 1M
- -1.00%
- 6M
- 4.01%
- YTD
- 5.41%
- 1Y
- 11.80%
- 3Y*
- 10.36%
- 5Y*
- 5.13%
- 10Y*
- —
- ALL TIME*
- 5.36%
ISIF.TO
- 1D
- -0.07%
- 1M
- 3.64%
- 6M
- 6.57%
- YTD
- 6.64%
- 1Y
- 11.77%
- 3Y*
- 11.25%
- 5Y*
- 6.95%
- 10Y*
- —
- ALL TIME*
- 7.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.37K | CA$650.24 | CA$2.64K | |
| CA$186.38K | CA$201.50K | CA$208.02K |
TCON.TO vs. ISIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.41% | 10.47% | 9.68% | 11.95% | -12.34% | 5.81% | 2.79% |
ISIF.TO IA Clarington Strategic Income Fund | 6.64% | 12.42% | 11.91% | 6.17% | -5.63% | 17.60% | 6.56% |
Correlation
The correlation between TCON.TO and ISIF.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.18 |
The correlation between TCON.TO and ISIF.TO shifts across timeframes, from 0.03 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TCON.TO vs. ISIF.TO — Risk / Return Rank
TCON.TO
ISIF.TO
TCON.TO vs. ISIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.TO) and IA Clarington Strategic Income Fund (ISIF.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.
| TCON.TO | ISIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.48 | -0.19 |
| Martin ratioReturn relative to average drawdown | 9.44 | 10.29 | -0.85 |
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Drawdowns
TCON.TO vs. ISIF.TO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, smaller than the maximum ISIF.TO drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for TCON.TO and ISIF.TO.
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Drawdown Indicators
| TCON.TO | ISIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -18.65% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -4.64% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -8.40% | +2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -11.47% | -4.96% |
Current DrawdownCurrent decline from peak | -1.28% | -0.15% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -3.03% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.11% | +0.11% |
Volatility
TCON.TO vs. ISIF.TO - Volatility Comparison
The current volatility for TD Conservative ETF Portfolio (TCON.TO) is 1.86%, while IA Clarington Strategic Income Fund (ISIF.TO) has a volatility of 5.05%. This indicates that TCON.TO experiences smaller price fluctuations and is considered to be less risky than ISIF.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 | ISIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 5.05% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 6.64% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.70% | 7.48% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 9.61% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 10.23% | -2.69% |
TCON.TO vs. ISIF.TO - Expense Ratio Comparison
TCON.TO has a 0.17% expense ratio, which is lower than ISIF.TO's 0.94% expense ratio.
Dividends
TCON.TO vs. ISIF.TO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.57%, more than ISIF.TO's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ISIF.TO IA Clarington Strategic Income Fund | 2.52% | 2.83% | 2.85% | 2.58% | 2.98% | 1.59% | 2.68% | 0.44% |
TCON.TO TD Conservative ETF Portfolio | 2.57% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% | 0.00% |
Frequently Asked Questions
TCON.TO and ISIF.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCON.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCON.TO is cheaper with a 0.17% expense ratio, compared with 0.94% for ISIF.TO.
They also come from different issuers: TD and IA Clarington Investments Inc.. Their fees differ too: 0.17% for TCON.TO and 0.94% for ISIF.TO.
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