TGRO.TO vs. ZMI.TO
TGRO.TO (TD Growth ETF Portfolio) and ZMI.TO (BMO Monthly Income ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, TGRO.TO returned 13.26%/yr vs 7.74%/yr for ZMI.TO. A 0.73 correlation means they provide meaningful diversification when combined. TGRO.TO charges 0.15%/yr vs 0.18%/yr for ZMI.TO.
Performance
TGRO.TO vs. ZMI.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 ZMI.TO's 9.05% 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*
- —
ZMI.TO
- 1D
- 0.00%
- 1M
- 4.38%
- YTD
- 9.05%
- 6M
- 5.77%
- 1Y
- 15.92%
- 3Y*
- 12.30%
- 5Y*
- 7.74%
- 10Y*
- 6.57%
TGRO.TO vs. ZMI.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% |
ZMI.TO BMO Monthly Income ETF | 9.05% | 7.88% | 13.43% | 9.00% | -5.89% | 11.25% | 5.34% |
Correlation
The correlation between TGRO.TO and ZMI.TO is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.73 |
The correlation between TGRO.TO and ZMI.TO has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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. ZMI.TO — Risk / Return Rank
TGRO.TO
ZMI.TO
TGRO.TO vs. ZMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.TO) and BMO Monthly Income ETF (ZMI.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 | ZMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.36 | +0.20 |
| Martin ratioReturn relative to average drawdown | 15.71 | 10.99 | +4.72 |
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 | ZMI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.25 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.05 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.77 | -0.67 |
Drawdowns
TGRO.TO vs. ZMI.TO - Drawdown Comparison
The maximum TGRO.TO drawdown since its inception was -18.37%, smaller than the maximum ZMI.TO drawdown of -26.65%. Use the drawdown chart below to compare losses from any high point for TGRO.TO and ZMI.TO.
Loading charts...
Drawdown Indicators
| TGRO.TO | ZMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -26.65% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -4.75% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -8.81% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -12.65% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.17% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.12% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.45% | +0.18% |
Volatility
TGRO.TO vs. ZMI.TO - Volatility Comparison
TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 3.28% compared to BMO Monthly Income ETF (ZMI.TO) at 2.27%. This indicates that TGRO.TO's price experiences larger fluctuations and is considered to be riskier than ZMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TGRO.TO | ZMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.27% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 5.80% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 7.10% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 7.44% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 995.08% | 8.87% | +986.21% |
TGRO.TO vs. ZMI.TO - Expense Ratio Comparison
TGRO.TO has a 0.15% expense ratio, which is lower than ZMI.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. ZMI.TO - Dividend Comparison
TGRO.TO's dividend yield for the trailing twelve months is around 1.78%, less than ZMI.TO's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGRO.TO TD Growth ETF Portfolio | 1.78% | 2.03% | 2.04% | 2.17% | 2.46% | 1.58% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZMI.TO BMO Monthly Income ETF | 3.93% | 4.54% | 4.68% | 4.94% | 4.49% | 3.71% | 4.21% | 4.24% | 4.58% | 4.06% | 3.89% | 3.89% |
Frequently Asked Questions
TGRO.TO and ZMI.TO have a correlation of 0.81, 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 ZMI.TO.
They also come from different issuers: TD and BMO. Their fees differ too: 0.15% for TGRO.TO and 0.18% for ZMI.TO.
Find the right allocation for TGRO.TO and ZMI.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