XTR.TO vs. TCON.TO
XTR.TO (iShares Diversified Monthly Income ETF) and TCON.TO (TD Conservative ETF Portfolio) are both Diversified Portfolio funds. XTR.TO is passively managed, while TCON.TO is actively managed. Over the past 5 years, XTR.TO returned 6.00%/yr vs 5.86%/yr for TCON.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
XTR.TO vs. TCON.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTR.TO achieves a 6.55% return, which is significantly higher than TCON.TO's 5.47% return.
XTR.TO
- 1D
- 0.16%
- 1M
- 2.50%
- YTD
- 6.55%
- 6M
- 6.45%
- 1Y
- 13.02%
- 3Y*
- 10.98%
- 5Y*
- 6.00%
- 10Y*
- 5.99%
TCON.TO
- 1D
- -0.12%
- 1M
- 3.36%
- YTD
- 5.47%
- 6M
- 5.16%
- 1Y
- 13.36%
- 3Y*
- 10.64%
- 5Y*
- 5.86%
- 10Y*
- —
XTR.TO vs. TCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XTR.TO iShares Diversified Monthly Income ETF | 6.55% | 8.54% | 12.80% | 4.95% | -4.48% | 10.17% | 4.53% |
TCON.TO TD Conservative ETF Portfolio | 5.47% | 10.47% | 9.68% | 11.95% | -12.34% | 5.71% | 2.79% |
Correlation
The correlation between XTR.TO and TCON.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2020 | 0.43 |
Over the past year, XTR.TO and TCON.TO have become more correlated (0.71) than their long-term average of 0.43, meaning their price movements have been converging.
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Return for Risk
XTR.TO vs. TCON.TO — Risk / Return Rank
XTR.TO
TCON.TO
XTR.TO vs. TCON.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.TO) and TD Conservative ETF Portfolio (TCON.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.
| XTR.TO | TCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.41 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 2.65 | +1.32 |
| Martin ratioReturn relative to average drawdown | 17.48 | 11.37 | +6.11 |
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
| XTR.TO | TCON.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.13 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.76 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.73 | -0.33 |
Drawdowns
XTR.TO vs. TCON.TO - Drawdown Comparison
The maximum XTR.TO drawdown since its inception was -51.42%, which is greater than TCON.TO's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for XTR.TO and TCON.TO.
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Drawdown Indicators
| XTR.TO | TCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.42% | -16.43% | -34.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -5.06% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.06% | -6.18% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -16.43% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -25.92% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.12% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -3.74% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.18% | -0.43% |
Volatility
XTR.TO vs. TCON.TO - Volatility Comparison
The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.60%, while TD Conservative ETF Portfolio (TCON.TO) has a volatility of 1.98%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky than TCON.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTR.TO | TCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.98% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 5.27% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 6.30% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 7.78% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 7.56% | +0.77% |
Dividends
XTR.TO vs. TCON.TO - Dividend Comparison
XTR.TO's dividend yield for the trailing twelve months is around 3.92%, more than TCON.TO's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCON.TO TD Conservative ETF Portfolio | 2.62% | 2.88% | 3.48% | 3.27% | 2.69% | 1.87% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XTR.TO iShares Diversified Monthly Income ETF | 3.92% | 4.10% | 4.27% | 4.61% | 4.62% | 4.21% | 5.56% | 5.38% | 5.75% | 5.24% | 5.30% | 6.81% |
Frequently Asked Questions
XTR.TO and TCON.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and TD.
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