TCON.TO vs. VCNS.TO
TCON.TO (TD Conservative ETF Portfolio) and VCNS.TO (Vanguard Conservative ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TCON.TO returned 5.31%/yr vs 4.53%/yr for VCNS.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
TCON.TO vs. VCNS.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TCON.TO having a 5.75% return and VCNS.TO slightly lower at 5.70%.
TCON.TO
- 1D
- -0.29%
- 1M
- 0.32%
- 6M
- 3.93%
- YTD
- 5.75%
- 1Y
- 12.86%
- 3Y*
- 10.45%
- 5Y*
- 5.31%
- 10Y*
- —
VCNS.TO
- 1D
- -0.58%
- 1M
- 0.01%
- 6M
- 3.76%
- YTD
- 5.70%
- 1Y
- 10.74%
- 3Y*
- 9.50%
- 5Y*
- 4.53%
- 10Y*
- —
TCON.TO vs. VCNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 5.75% | 10.47% | 9.68% | 11.95% | -12.34% | 5.81% | 2.79% |
VCNS.TO Vanguard Conservative ETF Portfolio | 5.70% | 8.14% | 9.75% | 10.32% | -11.71% | 5.79% | 3.73% |
Correlation
The correlation between TCON.TO and VCNS.TO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.58 |
Over the past year, TCON.TO and VCNS.TO have become more correlated (0.92) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
TCON.TO vs. VCNS.TO — Risk / Return Rank
TCON.TO
VCNS.TO
TCON.TO vs. VCNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Conservative ETF Portfolio (TCON.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.
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 | VCNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.22 | +0.33 |
| Martin ratioReturn relative to average drawdown | 10.81 | 8.67 | +2.14 |
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Drawdowns
TCON.TO vs. VCNS.TO - Drawdown Comparison
The maximum TCON.TO drawdown since its inception was -16.43%, smaller than the maximum VCNS.TO drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for TCON.TO and VCNS.TO.
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Drawdown Indicators
| TCON.TO | VCNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -18.04% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -4.86% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -7.43% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -15.72% | -0.71% |
Current DrawdownCurrent decline from peak | -0.97% | -1.18% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -3.03% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.24% | -0.05% |
Volatility
TCON.TO vs. VCNS.TO - Volatility Comparison
TD Conservative ETF Portfolio (TCON.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO) have volatilities of 1.58% and 1.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCON.TO | VCNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.64% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 5.46% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.63% | 6.54% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 6.89% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.55% | 8.08% | -0.53% |
Dividends
TCON.TO vs. VCNS.TO - Dividend Comparison
TCON.TO's dividend yield for the trailing twelve months is around 2.59%, more than VCNS.TO's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 2.59% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% | 0.00% | 0.00% |
VCNS.TO Vanguard Conservative ETF Portfolio | 2.50% | 2.56% | 2.59% | 2.57% | 2.28% | 2.09% | 1.88% | 2.28% | 1.98% |
Frequently Asked Questions
With a correlation of 0.92, TCON.TO and VCNS.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
They also come from different issuers: TD and Vanguard.
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