TGRE.TO vs. TBAL.TO
TGRE.TO (TD Active Global Real Estate Equity ETF) and TBAL.TO (TD Balanced ETF Portfolio) are both exchange-traded funds - TGRE.TO is a REIT fund actively managed by TD, while TBAL.TO is a Global Allocation fund actively managed by TD. Both are actively managed. Over the past 5 years, TGRE.TO returned 2.56%/yr vs 8.61%/yr for TBAL.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
TGRE.TO vs. TBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGRE.TO achieves a 11.82% return, which is significantly higher than TBAL.TO's 8.36% return.
TGRE.TO
- 1D
- 0.51%
- 1M
- 0.97%
- 6M
- 7.74%
- YTD
- 11.82%
- 1Y
- 13.18%
- 3Y*
- 10.96%
- 5Y*
- 2.56%
- 10Y*
- —
TBAL.TO
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 5.95%
- YTD
- 8.36%
- 1Y
- 18.21%
- 3Y*
- 14.32%
- 5Y*
- 8.61%
- 10Y*
- —
TGRE.TO vs. TBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TGRE.TO TD Active Global Real Estate Equity ETF | 11.82% | 0.39% | 14.77% | 8.69% | -27.34% | 32.66% | 1.45% |
TBAL.TO TD Balanced ETF Portfolio | 8.36% | 13.83% | 15.32% | 15.85% | -12.63% | 13.07% | 5.05% |
Correlation
The correlation between TGRE.TO and TBAL.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.42 |
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Return for Risk
TGRE.TO vs. TBAL.TO — Risk / Return Rank
TGRE.TO
TBAL.TO
TGRE.TO vs. TBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active Global Real Estate Equity ETF (TGRE.TO) and TD Balanced ETF Portfolio (TBAL.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.
| TGRE.TO | TBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.06 | -1.48 |
| Martin ratioReturn relative to average drawdown | 4.13 | 12.90 | -8.77 |
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Drawdowns
TGRE.TO vs. TBAL.TO - Drawdown Comparison
The maximum TGRE.TO drawdown since its inception was -33.49%, which is greater than TBAL.TO's maximum drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for TGRE.TO and TBAL.TO.
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Drawdown Indicators
| TGRE.TO | TBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -17.34% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -5.98% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | -9.07% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -17.34% | -16.15% |
Current DrawdownCurrent decline from peak | -1.17% | -1.01% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -12.77% | -3.49% | -9.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.41% | +1.79% |
Volatility
TGRE.TO vs. TBAL.TO - Volatility Comparison
TD Active Global Real Estate Equity ETF (TGRE.TO) has a higher volatility of 3.92% compared to TD Balanced ETF Portfolio (TBAL.TO) at 1.81%. This indicates that TGRE.TO's price experiences larger fluctuations and is considered to be riskier than TBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGRE.TO | TBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 1.81% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 6.86% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 8.18% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 9.16% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 8.97% | +8.39% |
Dividends
TGRE.TO vs. TBAL.TO - Dividend Comparison
TGRE.TO's dividend yield for the trailing twelve months is around 4.78%, more than TBAL.TO's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TBAL.TO TD Balanced ETF Portfolio | 2.26% | 2.56% | 2.55% | 2.65% | 2.65% | 1.75% | 0.88% | 0.00% |
TGRE.TO TD Active Global Real Estate Equity ETF | 4.78% | 5.21% | 4.50% | 4.93% | 5.00% | 1.92% | 2.04% | 0.17% |
Frequently Asked Questions
TGRE.TO and TBAL.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGRE.TO is categorized as REIT, while TBAL.TO is Global Allocation.
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