TGRO.TO vs. VBAL.TO
TGRO.TO (TD Growth ETF Portfolio) and VBAL.TO (Vanguard Balanced ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TGRO.TO returned 13.26%/yr vs 7.87%/yr for VBAL.TO. Their correlation of 0.86 suggests significant overlap in exposure. TGRO.TO charges 0.15%/yr vs 0.24%/yr for VBAL.TO.
Performance
TGRO.TO vs. VBAL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TGRO.TO achieves a 9.93% return, which is significantly higher than VBAL.TO's 8.13% return.
TGRO.TO
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 9.93%
- 6M
- 9.81%
- 1Y
- 25.55%
- 3Y*
- 19.69%
- 5Y*
- 13.26%
- 10Y*
- —
VBAL.TO
- 1D
- -0.30%
- 1M
- 4.26%
- YTD
- 8.13%
- 6M
- 6.49%
- 1Y
- 18.31%
- 3Y*
- 13.79%
- 5Y*
- 7.87%
- 10Y*
- —
TGRO.TO vs. VBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 9.93% | 18.03% | 22.28% | 18.36% | -11.39% | 20.46% | 2,565.79% |
VBAL.TO Vanguard Balanced ETF Portfolio | 8.13% | 11.88% | 14.56% | 12.43% | -11.44% | 10.16% | 5.90% |
Correlation
The correlation between TGRO.TO and VBAL.TO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.86 |
The correlation between TGRO.TO and VBAL.TO shifts across timeframes, from 0.86 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TGRO.TO vs. VBAL.TO — Risk / Return Rank
TGRO.TO
VBAL.TO
TGRO.TO vs. VBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.TO) and Vanguard Balanced ETF Portfolio (VBAL.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.
| TGRO.TO | VBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.44 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.10 | +0.46 |
| Martin ratioReturn relative to average drawdown | 15.71 | 13.17 | +2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TGRO.TO | VBAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.30 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.92 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.78 | -0.68 |
Drawdowns
TGRO.TO vs. VBAL.TO - Drawdown Comparison
The maximum TGRO.TO drawdown since its inception was -18.37%, smaller than the maximum VBAL.TO drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and VBAL.TO.
Loading charts...
Drawdown Indicators
| TGRO.TO | VBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -21.19% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -5.93% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -9.68% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -16.45% | -1.92% |
Current DrawdownCurrent decline from peak | -0.41% | -0.30% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.17% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.39% | +0.24% |
Volatility
TGRO.TO vs. VBAL.TO - Volatility Comparison
TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 3.28% compared to Vanguard Balanced ETF Portfolio (VBAL.TO) at 2.73%. This indicates that TGRO.TO's price experiences larger fluctuations and is considered to be riskier than VBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TGRO.TO | VBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.73% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 6.59% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 7.99% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 8.63% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 995.08% | 10.09% | +984.99% |
TGRO.TO vs. VBAL.TO - Expense Ratio Comparison
TGRO.TO has a 0.15% expense ratio, which is lower than VBAL.TO's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TGRO.TO vs. VBAL.TO - Dividend Comparison
TGRO.TO's dividend yield for the trailing twelve months is around 1.78%, less than VBAL.TO's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% | 0.00% | 0.00% |
VBAL.TO Vanguard Balanced ETF Portfolio | 2.05% | 2.21% | 2.26% | 2.32% | 2.16% | 1.91% | 1.79% | 2.20% | 1.99% |
Frequently Asked Questions
With a correlation of 0.96, TGRO.TO and VBAL.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.
On fees, TGRO.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TGRO.TO is cheaper with a 0.15% expense ratio, compared with 0.24% for VBAL.TO.
They also come from different issuers: TD and Vanguard. Their fees differ too: 0.15% for TGRO.TO and 0.24% for VBAL.TO.
Find the right allocation for TGRO.TO and VBAL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer