TGRO.TO vs. ZESG.TO
TGRO.TO (TD Growth ETF Portfolio) and ZESG.TO (BMO Balanced ESG ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TGRO.TO returned 13.26%/yr vs 8.63%/yr for ZESG.TO. A 0.61 correlation means they provide meaningful diversification when combined. TGRO.TO charges 0.15%/yr vs 0.18%/yr for ZESG.TO.
Performance
TGRO.TO vs. ZESG.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 ZESG.TO's 5.54% 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*
- —
ZESG.TO
- 1D
- -0.47%
- 1M
- 3.78%
- YTD
- 5.54%
- 6M
- 5.01%
- 1Y
- 16.52%
- 3Y*
- 14.52%
- 5Y*
- 8.63%
- 10Y*
- —
TGRO.TO vs. ZESG.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% |
ZESG.TO BMO Balanced ESG ETF | 5.54% | 12.26% | 16.70% | 15.27% | -13.70% | 13.20% | 4.73% |
Correlation
The correlation between TGRO.TO and ZESG.TO is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.61 |
Over the past year, TGRO.TO and ZESG.TO have become more correlated (0.83) than their long-term average of 0.61, meaning their price movements have been converging.
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Return for Risk
TGRO.TO vs. ZESG.TO — Risk / Return Rank
TGRO.TO
ZESG.TO
TGRO.TO vs. ZESG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.TO) and BMO Balanced ESG ETF (ZESG.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 | ZESG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.39 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.72 | +0.84 |
| Martin ratioReturn relative to average drawdown | 15.71 | 11.38 | +4.33 |
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 | ZESG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.11 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.97 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.86 | -0.76 |
Drawdowns
TGRO.TO vs. ZESG.TO - Drawdown Comparison
The maximum TGRO.TO drawdown since its inception was -18.37%, smaller than the maximum ZESG.TO drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and ZESG.TO.
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Drawdown Indicators
| TGRO.TO | ZESG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -19.68% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -6.09% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -10.28% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -18.81% | +0.44% |
Current DrawdownCurrent decline from peak | -0.41% | -0.47% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -4.19% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.45% | +0.18% |
Volatility
TGRO.TO vs. ZESG.TO - Volatility Comparison
TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 3.28% compared to BMO Balanced ESG ETF (ZESG.TO) at 2.58%. This indicates that TGRO.TO's price experiences larger fluctuations and is considered to be riskier than ZESG.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 | ZESG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.58% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 6.21% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 7.85% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 8.92% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 995.08% | 9.92% | +985.16% |
TGRO.TO vs. ZESG.TO - Expense Ratio Comparison
TGRO.TO has a 0.15% expense ratio, which is lower than ZESG.TO's 0.18% 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. ZESG.TO - Dividend Comparison
TGRO.TO's dividend yield for the trailing twelve months is around 1.78%, more than ZESG.TO's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% |
ZESG.TO BMO Balanced ESG ETF | 1.66% | 1.71% | 1.89% | 2.22% | 2.53% | 2.05% | 2.27% |
Frequently Asked Questions
TGRO.TO and ZESG.TO have a correlation of 0.83, 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 0.18% for ZESG.TO.
They also come from different issuers: TD and BMO. Their fees differ too: 0.15% for TGRO.TO and 0.18% for ZESG.TO.
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