TGRO.TO vs. ZGRO.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Growth ETF Portfolio (TGRO.TO) and BMO Growth ETF (ZGRO.TO).

TGRO.TO and ZGRO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGRO.TO is an actively managed fund by TD. It was launched on Aug 11, 2020. ZGRO.TO is an actively managed fund by BMO. It was launched on Feb 11, 2019.

Performance

TGRO.TO vs. ZGRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Growth ETF Portfolio (TGRO.TO) and BMO Growth ETF (ZGRO.TO). The values are adjusted to include any dividend payments, if applicable.

TGRO.TO vs. ZGRO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TGRO.TO TD Growth ETF Portfolio	0.20%	18.03%	22.28%	18.36%	-11.39%	20.46%	1,911.34%
ZGRO.TO BMO Growth ETF	0.36%	16.39%	20.71%	14.64%	-10.58%	14.99%	6.67%

Returns By Period

In the year-to-date period, TGRO.TO achieves a 0.20% return, which is significantly lower than ZGRO.TO's 0.36% return.

TGRO.TO

• 1D: 2.36%
• 1M: -3.91%
• YTD: 0.20%
• 6M: 2.78%
• 1Y: 17.84%
• 3Y*: 16.89%
• 5Y*: 11.68%
• 10Y*: —

ZGRO.TO

• 1D: 1.16%
• 1M: -4.08%
• YTD: 0.36%
• 6M: 2.70%
• 1Y: 16.64%
• 3Y*: 15.19%
• 5Y*: 9.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGRO.TO vs. ZGRO.TO - Expense Ratio Comparison

TGRO.TO has a 0.15% expense ratio, which is lower than ZGRO.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%.

ZGRO.TO

BMO Growth ETF

TGRO.TO

TD Growth ETF Portfolio

Return for Risk

TGRO.TO vs. ZGRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGRO.TO

TGRO.TO Risk / Return Rank: 76
TGRO.TO Sharpe Ratio Rank: 76
TGRO.TO Sortino Ratio Rank: 75
TGRO.TO Omega Ratio Rank: 78
TGRO.TO Calmar Ratio Rank: 73
TGRO.TO Martin Ratio Rank: 79

ZGRO.TO

ZGRO.TO Risk / Return Rank: 72
ZGRO.TO Sharpe Ratio Rank: 72
ZGRO.TO Sortino Ratio Rank: 71
ZGRO.TO Omega Ratio Rank: 71
ZGRO.TO Calmar Ratio Rank: 72
ZGRO.TO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGRO.TO vs. ZGRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.TO) and BMO Growth ETF (ZGRO.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	ZGRO.TO	Difference
Sharpe ratio Return per unit of total volatility	1.31	1.24	+0.07
Sortino ratio Return per unit of downside risk	1.82	1.73	+0.08
Omega ratio Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio Return relative to maximum drawdown	1.79	1.76	+0.03
Martin ratio Return relative to average drawdown	8.09	7.43	+0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGRO.TO vs. ZGRO.TO - Sharpe Ratio Comparison

The current TGRO.TO Sharpe Ratio is 1.31, which is comparable to the ZGRO.TO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of TGRO.TO and ZGRO.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGRO.TO	ZGRO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.24	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.94	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.82	-0.70

Correlation

The correlation between TGRO.TO and ZGRO.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TGRO.TO vs. ZGRO.TO - Dividend Comparison

TGRO.TO's dividend yield for the trailing twelve months is around 1.98%, more than ZGRO.TO's 1.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
TGRO.TO TD Growth ETF Portfolio	1.98%	2.03%	2.04%	2.17%	2.46%	1.58%	0.83%	0.00%
ZGRO.TO BMO Growth ETF	1.63%	1.70%	1.92%	2.27%	2.54%	2.22%	2.49%	2.32%

Drawdowns

TGRO.TO vs. ZGRO.TO - Drawdown Comparison

The maximum TGRO.TO drawdown since its inception was -18.37%, smaller than the maximum ZGRO.TO drawdown of -24.64%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and ZGRO.TO.

Drawdown Indicators

	TGRO.TO	ZGRO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.37%	-24.64%	+6.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-9.83%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	-18.37%	-17.19%	-1.18%
Current Drawdown Current decline from peak	-4.39%	-4.35%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.54%	-3.43%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.32%	-0.03%

Volatility

TGRO.TO vs. ZGRO.TO - Volatility Comparison

The current volatility for TD Growth ETF Portfolio (TGRO.TO) is 5.19%, while BMO Growth ETF (ZGRO.TO) has a volatility of 5.60%. This indicates that TGRO.TO experiences smaller price fluctuations and is considered to be less risky than ZGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGRO.TO	ZGRO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.60%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	8.71%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	13.50%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	10.62%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	752.08%	13.00%	+739.08%