PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
THE.TO vs. TGRO.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

THE.TO vs. TGRO.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD International Equity CAD Hedged Index ETF (THE.TO) and TD Growth ETF Portfolio (TGRO.TO).

THE.TO and TGRO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THE.TO is a passively managed fund by TD that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index. It was launched on Mar 22, 2016. TGRO.TO is an actively managed fund by TD. It was launched on Aug 11, 2020.

Performance

THE.TO vs. TGRO.TO - Performance Comparison

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

Loading graphics...

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

2026 (YTD)202520242023202220212020
THE.TO
TD International Equity CAD Hedged Index ETF		2.09%21.73%12.21%18.48%-6.72%21.04%13.15%
TGRO.TO
TD Growth ETF Portfolio		0.20%18.03%22.28%18.36%-11.39%20.46%1,911.34%

Returns By Period

In the year-to-date period, THE.TO achieves a 2.09% return, which is significantly higher than TGRO.TO's 0.20% return.

THE.TO

1D
2.43%
1M
-6.25%
YTD
2.09%
6M
8.04%
1Y
19.25%
3Y*
15.00%
5Y*
11.72%
10Y*
10.79%

TGRO.TO

1D
2.36%
1M
-3.91%
YTD
0.20%
6M
2.78%
1Y
17.84%
3Y*
16.89%
5Y*
11.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD International Equity CAD Hedged Index ETF

TD Growth ETF Portfolio

Often compared with THE.TO:
THE.TO vs. ZLB.TOTHE.TO vs. TCSH.TOTHE.TO vs. QDXH.TOTHE.TO vs. TPE.TOTHE.TO vs. KNGX.TOTHE.TO vs. TEQT.TOTHE.TO vs. FLVI.NEO
Often compared with TGRO.TO:
TGRO.TO vs. VGRO.TOTGRO.TO vs. XEQT.TOTGRO.TO vs. XGRO.TOTGRO.TO vs. ZGRO.TOTGRO.TO vs. TBAL.TOTGRO.TO vs. TEQT.TOTGRO.TO vs. TPU.TO

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

TGRO.TO
TD Growth ETF Portfolio

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THE.TO
THE.TO Risk / Return Rank: 6666
Overall Rank
THE.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
THE.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
THE.TO Omega Ratio Rank: 7070
Omega Ratio Rank
THE.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
THE.TO Martin Ratio Rank: 6767
Martin Ratio Rank
TGRO.TO
TGRO.TO Risk / Return Rank: 7676
Overall Rank
TGRO.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TGRO.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
TGRO.TO Omega Ratio Rank: 7878
Omega Ratio Rank
TGRO.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
TGRO.TO Martin Ratio Rank: 7979
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for TD International Equity CAD Hedged Index ETF (THE.TO) and TD Growth ETF Portfolio (TGRO.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.

THE.TOTGRO.TODifference

Sharpe ratio

Return per unit of total volatility

1.16

1.31

-0.14

Sortino ratio

Return per unit of downside risk

1.75

1.82

-0.07

Omega ratio

Gain probability vs. loss probability

1.26

1.28

-0.02

Calmar ratio

Return relative to maximum drawdown

1.55

1.79

-0.24

Martin ratio

Return relative to average drawdown

6.91

8.09

-1.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current THE.TO Sharpe Ratio is 1.16, which is comparable to the TGRO.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of THE.TO and TGRO.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.

Loading graphics...

Sharpe Ratios by Period

THE.TOTGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

1.31

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

1.01

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.12

+0.57

Correlation

The correlation between THE.TO and TGRO.TO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

THE.TO vs. TGRO.TO - Dividend Comparison

THE.TO's dividend yield for the trailing twelve months is around 2.55%, more than TGRO.TO's 1.98% yield.

TTM2025202420232022202120202019201820172016
THE.TO
TD International Equity CAD Hedged Index ETF		2.55%2.57%2.73%2.64%3.46%5.61%2.47%2.53%3.48%2.27%2.10%
TGRO.TO
TD Growth ETF Portfolio		1.98%2.03%2.04%2.17%2.46%1.58%0.83%0.00%0.00%0.00%0.00%

Drawdowns

THE.TO vs. TGRO.TO - Drawdown Comparison

The maximum THE.TO drawdown since its inception was -32.08%, which is greater than TGRO.TO's maximum drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for THE.TO and TGRO.TO.

Loading graphics...

Drawdown Indicators

THE.TOTGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.08%

-18.37%

-13.71%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-10.35%

-1.61%

Max Drawdown (5Y)

Largest decline over 5 years

-15.55%

-18.37%

+2.82%

Max Drawdown (10Y)

Largest decline over 10 years

-32.08%

—

—

Current Drawdown

Current decline from peak

-6.51%

-4.39%

-2.12%

Average Drawdown

Average peak-to-trough decline

-3.62%

-3.54%

-0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

2.29%

+0.43%

Volatility

THE.TO vs. TGRO.TO - Volatility Comparison

TD International Equity CAD Hedged Index ETF (THE.TO) has a higher volatility of 6.11% compared to TD Growth ETF Portfolio (TGRO.TO) at 5.19%. This indicates that THE.TO's price experiences larger fluctuations and is considered to be riskier than TGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

THE.TOTGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

5.19%

+0.92%

Volatility (6M)

Calculated over the trailing 6-month period

9.35%

8.11%

+1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

16.61%

13.72%

+2.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.04%

11.64%

+2.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

752.08%

-737.04%