XBAL.TO vs. GRO.TO
XBAL.TO (iShares Core Balanced ETF Portfolio) and GRO.TO (Franklin Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past year, XBAL.TO returned 17.48% vs 23.55% for GRO.TO. At a 0.06 correlation, their price movements are largely independent. XBAL.TO charges 0.20%/yr vs 0.21%/yr for GRO.TO.
Performance
XBAL.TO vs. GRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBAL.TO achieves a 7.81% return, which is significantly lower than GRO.TO's 8.77% return.
XBAL.TO
- 1D
- -0.36%
- 1M
- 4.13%
- YTD
- 7.81%
- 6M
- 6.00%
- 1Y
- 17.48%
- 3Y*
- 14.21%
- 5Y*
- 8.15%
- 10Y*
- 7.69%
GRO.TO
- 1D
- 0.00%
- 1M
- 4.49%
- YTD
- 8.77%
- 6M
- 11.39%
- 1Y
- 23.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XBAL.TO vs. GRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 7.81% | 11.87% | 8.17% |
GRO.TO Franklin Growth ETF Portfolio | 8.77% | 11.09% | 15.17% |
Correlation
The correlation between XBAL.TO and GRO.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2024 | 0.06 |
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Return for Risk
XBAL.TO vs. GRO.TO — Risk / Return Rank
XBAL.TO
GRO.TO
XBAL.TO vs. GRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and Franklin Growth ETF Portfolio (GRO.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.
| XBAL.TO | GRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 3.54 | -2.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.07 | -1.18 |
| Martin ratioReturn relative to average drawdown | 12.15 | 19.41 | -7.26 |
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
| XBAL.TO | GRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 3.00 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.54 | -0.86 |
Drawdowns
XBAL.TO vs. GRO.TO - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.83%, which is greater than GRO.TO's maximum drawdown of -12.96%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and GRO.TO.
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Drawdown Indicators
| XBAL.TO | GRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.83% | -12.96% | -15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -5.81% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.19% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -1.25% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.22% | +0.22% |
Volatility
XBAL.TO vs. GRO.TO - Volatility Comparison
The current volatility for iShares Core Balanced ETF Portfolio (XBAL.TO) is 3.14%, while Franklin Growth ETF Portfolio (GRO.TO) has a volatility of 3.33%. This indicates that XBAL.TO experiences smaller price fluctuations and is considered to be less risky than GRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAL.TO | GRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.33% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 6.61% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 7.88% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 11.89% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 11.89% | -2.52% |
XBAL.TO vs. GRO.TO - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is lower than GRO.TO's 0.21% 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
XBAL.TO vs. GRO.TO - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, less than GRO.TO's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRO.TO Franklin Growth ETF Portfolio | 2.13% | 2.04% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.10% | 2.24% | 2.68% | 2.40% | 2.09% | 1.74% | 1.99% | 2.26% | 3.39% | 2.93% | 3.64% | 3.29% |
Frequently Asked Questions
XBAL.TO and GRO.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAL.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAL.TO is cheaper with a 0.20% expense ratio, compared with 0.21% for GRO.TO.
They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for XBAL.TO and 0.21% for GRO.TO.
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