XTR.TO vs. TGRO.TO
XTR.TO (iShares Diversified Monthly Income ETF) and TGRO.TO (TD Growth ETF Portfolio) are both Diversified Portfolio funds. XTR.TO is passively managed, while TGRO.TO is actively managed. Over the past 5 years, XTR.TO returned 6.00%/yr vs 13.26%/yr for TGRO.TO. A 0.58 correlation means they provide meaningful diversification when combined. XTR.TO charges 0.61%/yr vs 0.15%/yr for TGRO.TO.
Performance
XTR.TO vs. TGRO.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 lower than TGRO.TO's 9.93% 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%
TGRO.TO
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 9.93%
- 6M
- 9.81%
- 1Y
- 25.55%
- 3Y*
- 19.69%
- 5Y*
- 13.26%
- 10Y*
- —
XTR.TO vs. TGRO.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% | 4.63% |
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 XTR.TO and TGRO.TO is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.58 |
The correlation between XTR.TO and TGRO.TO has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
XTR.TO vs. TGRO.TO — Risk / Return Rank
XTR.TO
TGRO.TO
XTR.TO vs. TGRO.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 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.
| XTR.TO | TGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.49 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 3.56 | +0.41 |
| Martin ratioReturn relative to average drawdown | 17.48 | 15.71 | +1.77 |
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 | TGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.58 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.14 | -0.18 |
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 | 0.10 | +0.30 |
Drawdowns
XTR.TO vs. TGRO.TO - Drawdown Comparison
The maximum XTR.TO drawdown since its inception was -51.42%, 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 XTR.TO and TGRO.TO.
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Drawdown Indicators
| XTR.TO | TGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.42% | -18.37% | -33.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -7.21% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -6.06% | -13.27% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -18.37% | +8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -25.92% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.41% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -3.46% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.63% | -0.88% |
Volatility
XTR.TO vs. TGRO.TO - Volatility Comparison
The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.60%, while TD Growth ETF Portfolio (TGRO.TO) has a volatility of 3.28%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky than TGRO.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 | TGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 3.28% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 8.10% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 9.93% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 11.69% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 995.08% | -986.75% |
XTR.TO vs. TGRO.TO - Expense Ratio Comparison
XTR.TO has a 0.61% expense ratio, which is higher than TGRO.TO's 0.15% expense ratio.
Dividends
XTR.TO vs. TGRO.TO - Dividend Comparison
XTR.TO's dividend yield for the trailing twelve months is around 3.92%, 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% |
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 TGRO.TO have a correlation of 0.64, 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 0.61% for XTR.TO.
They also come from different issuers: iShares and TD. Their fees differ too: 0.61% for XTR.TO and 0.15% for TGRO.TO.
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