TGRO.TO vs. TCON.TO
TGRO.TO (TD Growth ETF Portfolio) and TCON.TO (TD Conservative ETF Portfolio) are both Diversified Portfolio funds from TD. Both are actively managed. Over the past 5 years, TGRO.TO returned 12.14%/yr vs 5.13%/yr for TCON.TO. Their 0.49 correlation means their historical movements had little consistent relationship. Both charge a 0.17% expense ratio.
Performance
TGRO.TO vs. TCON.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGRO.TO achieves a 11.07% return, which is significantly higher than TCON.TO's 5.41% return.
TGRO.TO
- 1D
- 0.03%
- 1M
- -0.75%
- 6M
- 8.72%
- YTD
- 11.07%
- 1Y
- 23.14%
- 3Y*
- 18.20%
- 5Y*
- 12.14%
- 10Y*
- —
- ALL TIME*
- 13.78%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$186.38K | CA$201.50K | CA$208.02K | |
TGRO.TO TD Growth ETF Portfolio | CA$1.03M | CA$1.36M | CA$1.47M |
TGRO.TO vs. TCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 11.07% | 18.03% | 21.06% | 18.36% | -11.39% | 20.64% | 7.20% |
TCON.TO TD Conservative ETF Portfolio | 5.41% | 10.47% | 9.68% | 11.95% | -12.34% | 5.81% | 2.79% |
Correlation
The correlation between TGRO.TO and TCON.TO is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2020 | 0.49 |
Over the past year, TGRO.TO and TCON.TO have become more correlated (0.89) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
TGRO.TO vs. TCON.TO — Risk / Return Rank
TGRO.TO
TCON.TO
TGRO.TO vs. TCON.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.TO) and TD Conservative ETF Portfolio (TCON.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.
| TGRO.TO | TCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.28 | +0.74 |
| Martin ratioReturn relative to average drawdown | 12.84 | 9.44 | +3.40 |
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Drawdowns
TGRO.TO vs. TCON.TO - Drawdown Comparison
The maximum TGRO.TO drawdown since its inception was -18.37%, which is greater than TCON.TO's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and TCON.TO.
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Drawdown Indicators
| TGRO.TO | TCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -16.43% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -5.06% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -6.18% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -16.43% | -1.94% |
Current DrawdownCurrent decline from peak | -1.15% | -1.28% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.65% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.22% | +0.48% |
Volatility
TGRO.TO vs. TCON.TO - Volatility Comparison
TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 3.06% compared to TD Conservative ETF Portfolio (TCON.TO) at 1.86%. This indicates that TGRO.TO's price experiences larger fluctuations and is considered to be riskier than TCON.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGRO.TO | TCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.86% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 5.60% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 6.70% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.83% | 7.84% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.59% | 7.54% | +4.05% |
TGRO.TO vs. TCON.TO - Expense Ratio Comparison
Both TGRO.TO and TCON.TO have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TGRO.TO vs. TCON.TO - Dividend Comparison
TGRO.TO's dividend yield for the trailing twelve months is around 1.73%, less than TCON.TO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 2.57% | 2.88% | 3.48% | 3.27% | 2.69% | 1.96% | 1.03% |
TGRO.TO TD Growth ETF Portfolio | 1.73% | 2.03% | 2.06% | 2.16% | 2.46% | 1.71% | 0.83% |
Frequently Asked Questions
TGRO.TO and TCON.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.17% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TGRO.TO and TCON.TO have the same expense ratio: 0.17% per year.
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