XBAL.TO vs. TGRO.TO
XBAL.TO (iShares Core Balanced ETF Portfolio) and TGRO.TO (TD Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, XBAL.TO returned 8.15%/yr vs 13.26%/yr for TGRO.TO. Their correlation of 0.84 suggests significant overlap in exposure. XBAL.TO charges 0.20%/yr vs 0.15%/yr for TGRO.TO.
Performance
XBAL.TO vs. TGRO.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 TGRO.TO's 9.93% 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%
TGRO.TO
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 9.93%
- 6M
- 9.81%
- 1Y
- 25.55%
- 3Y*
- 19.69%
- 5Y*
- 13.26%
- 10Y*
- —
XBAL.TO vs. TGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 7.81% | 11.87% | 15.76% | 13.01% | -11.19% | 10.11% | 5.99% |
TGRO.TO TD Growth ETF Portfolio | 9.93% | 18.03% | 22.28% | 18.36% | -11.39% | 20.46% | 2,565.79% |
Correlation
The correlation between XBAL.TO and TGRO.TO is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.85 |
The correlation between XBAL.TO and TGRO.TO has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
XBAL.TO vs. TGRO.TO — Risk / Return Rank
XBAL.TO
TGRO.TO
XBAL.TO vs. TGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.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.
| XBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.49 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.56 | -0.67 |
| Martin ratioReturn relative to average drawdown | 12.15 | 15.71 | -3.56 |
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 | TGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.58 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.14 | -0.21 |
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 | 0.10 | +0.58 |
Drawdowns
XBAL.TO vs. TGRO.TO - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.83%, 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 XBAL.TO and TGRO.TO.
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Drawdown Indicators
| XBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.83% | -18.37% | -10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -7.21% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -13.27% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -18.37% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.41% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -3.46% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.63% | -0.19% |
Volatility
XBAL.TO vs. TGRO.TO - Volatility Comparison
iShares Core Balanced ETF Portfolio (XBAL.TO) and TD Growth ETF Portfolio (TGRO.TO) have volatilities of 3.14% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAL.TO | TGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.28% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 8.10% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 9.93% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 11.69% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 995.08% | -985.71% |
XBAL.TO vs. TGRO.TO - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is higher than TGRO.TO's 0.15% expense ratio. However, 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. TGRO.TO - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, more than TGRO.TO's 1.78% 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% |
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
With a correlation of 0.92, XBAL.TO and TGRO.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.20% for XBAL.TO.
They also come from different issuers: iShares and TD. Their fees differ too: 0.20% for XBAL.TO and 0.15% for TGRO.TO.
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