TGRO.TO vs. VCIP.TO
TGRO.TO (TD Growth ETF Portfolio) and VCIP.TO (Vanguard Conservative Income ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TGRO.TO returned 13.26%/yr vs 2.56%/yr for VCIP.TO. A 0.56 correlation means they provide meaningful diversification when combined. TGRO.TO charges 0.15%/yr vs 0.25%/yr for VCIP.TO.
Performance
TGRO.TO vs. VCIP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TGRO.TO achieves a 9.93% return, which is significantly higher than VCIP.TO's 3.28% 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*
- —
VCIP.TO
- 1D
- -0.24%
- 1M
- 2.22%
- YTD
- 3.28%
- 6M
- 2.14%
- 1Y
- 7.45%
- 3Y*
- 6.78%
- 5Y*
- 2.56%
- 10Y*
- —
TGRO.TO vs. VCIP.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% |
VCIP.TO Vanguard Conservative Income ETF Portfolio | 3.28% | 5.36% | 6.89% | 8.31% | -12.19% | 1.41% | 2.54% |
Correlation
The correlation between TGRO.TO and VCIP.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.56 |
Over the past year, TGRO.TO and VCIP.TO have become more correlated (0.77) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
TGRO.TO vs. VCIP.TO — Risk / Return Rank
TGRO.TO
VCIP.TO
TGRO.TO vs. VCIP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.TO) and Vanguard Conservative Income ETF Portfolio (VCIP.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 | VCIP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 1.97 | +1.59 |
| Martin ratioReturn relative to average drawdown | 15.71 | 6.71 | +9.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TGRO.TO | VCIP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 1.59 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.45 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.59 | -0.49 |
Drawdowns
TGRO.TO vs. VCIP.TO - Drawdown Comparison
The maximum TGRO.TO drawdown since its inception was -18.37%, which is greater than VCIP.TO's maximum drawdown of -15.88%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and VCIP.TO.
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Drawdown Indicators
| TGRO.TO | VCIP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -15.88% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -3.80% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -4.64% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -15.88% | -2.49% |
Current DrawdownCurrent decline from peak | -0.41% | -0.24% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.61% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.11% | +0.52% |
Volatility
TGRO.TO vs. VCIP.TO - Volatility Comparison
TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 3.28% compared to Vanguard Conservative Income ETF Portfolio (VCIP.TO) at 1.86%. This indicates that TGRO.TO's price experiences larger fluctuations and is considered to be riskier than VCIP.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 | VCIP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 1.86% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 3.94% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 4.70% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 5.72% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 995.08% | 6.25% | +988.83% |
TGRO.TO vs. VCIP.TO - Expense Ratio Comparison
TGRO.TO has a 0.15% expense ratio, which is lower than VCIP.TO's 0.25% 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. VCIP.TO - Dividend Comparison
TGRO.TO's dividend yield for the trailing twelve months is around 1.78%, less than VCIP.TO's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% | 0.00% |
VCIP.TO Vanguard Conservative Income ETF Portfolio | 2.87% | 2.93% | 2.89% | 2.75% | 2.28% | 2.22% | 1.85% | 2.07% |
Frequently Asked Questions
TGRO.TO and VCIP.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for VCIP.TO.
They also come from different issuers: TD and Vanguard. Their fees differ too: 0.15% for TGRO.TO and 0.25% for VCIP.TO.
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