ZCON.TO vs. GRO.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Conservative ETF (ZCON.TO) and Franklin Growth ETF Portfolio (GRO.TO).

ZCON.TO and GRO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZCON.TO is managed by BMO. It was launched on Feb 12, 2019. GRO.TO is an actively managed fund by Franklin Templeton. It was launched on Feb 20, 2019.

Performance

ZCON.TO vs. GRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Conservative ETF (ZCON.TO) and Franklin Growth ETF Portfolio (GRO.TO). The values are adjusted to include any dividend payments, if applicable.

ZCON.TO vs. GRO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ZCON.TO BMO Conservative ETF	0.31%	9.31%	6.57%
GRO.TO Franklin Growth ETF Portfolio	-2.38%	11.09%	15.17%

Returns By Period

In the year-to-date period, ZCON.TO achieves a 0.31% return, which is significantly higher than GRO.TO's -2.38% return.

ZCON.TO

• 1D: 1.29%
• 1M: -2.78%
• YTD: 0.31%
• 6M: 1.18%
• 1Y: 8.64%
• 3Y*: 8.93%
• 5Y*: 5.01%
• 10Y*: —

GRO.TO

• 1D: 0.00%
• 1M: -5.81%
• YTD: -2.38%
• 6M: 0.01%
• 1Y: 13.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZCON.TO vs. GRO.TO - Expense Ratio Comparison

ZCON.TO has a 0.15% 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%.

GRO.TO

Franklin Growth ETF Portfolio

ZCON.TO

BMO Conservative ETF

Return for Risk

ZCON.TO vs. GRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZCON.TO

ZCON.TO Risk / Return Rank: 60
ZCON.TO Sharpe Ratio Rank: 63
ZCON.TO Sortino Ratio Rank: 60
ZCON.TO Omega Ratio Rank: 59
ZCON.TO Calmar Ratio Rank: 59
ZCON.TO Martin Ratio Rank: 60

GRO.TO

GRO.TO Risk / Return Rank: 58
GRO.TO Sharpe Ratio Rank: 47
GRO.TO Sortino Ratio Rank: 45
GRO.TO Omega Ratio Rank: 97
GRO.TO Calmar Ratio Rank: 50
GRO.TO Martin Ratio Rank: 51

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.

ZCON.TO vs. GRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Conservative ETF (ZCON.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.

	ZCON.TO	GRO.TO	Difference
Sharpe ratio Return per unit of total volatility	1.14	0.89	+0.25
Sortino ratio Return per unit of downside risk	1.59	1.29	+0.31
Omega ratio Gain probability vs. loss probability	1.23	1.59	-0.37
Calmar ratio Return relative to maximum drawdown	1.56	1.34	+0.22
Martin ratio Return relative to average drawdown	6.04	5.10	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZCON.TO vs. GRO.TO - Sharpe Ratio Comparison

The current ZCON.TO Sharpe Ratio is 1.14, which is comparable to the GRO.TO Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of ZCON.TO and GRO.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.

Sharpe Ratios by Period

	ZCON.TO	GRO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	0.89	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.06	-0.33

Correlation

The correlation between ZCON.TO and GRO.TO is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZCON.TO vs. GRO.TO - Dividend Comparison

ZCON.TO's dividend yield for the trailing twelve months is around 2.16%, less than GRO.TO's 2.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
ZCON.TO BMO Conservative ETF	2.16%	2.36%	2.49%	2.71%	2.89%	2.50%	2.59%	2.51%
GRO.TO Franklin Growth ETF Portfolio	2.36%	2.04%	1.50%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZCON.TO vs. GRO.TO - Drawdown Comparison

The maximum ZCON.TO drawdown since its inception was -17.22%, 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 ZCON.TO and GRO.TO.

Drawdown Indicators

	ZCON.TO	GRO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.22%	-12.96%	-4.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	-9.16%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-15.88%	—	—
Current Drawdown Current decline from peak	-2.93%	-5.81%	+2.88%
Average Drawdown Average peak-to-trough decline	-3.26%	-1.36%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	2.41%	-0.92%

Volatility

ZCON.TO vs. GRO.TO - Volatility Comparison

The current volatility for BMO Conservative ETF (ZCON.TO) is 3.02%, while Franklin Growth ETF Portfolio (GRO.TO) has a volatility of 5.34%. This indicates that ZCON.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.

Volatility by Period

	ZCON.TO	GRO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	5.34%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	4.68%	6.82%	-2.14%
Volatility (1Y) Calculated over the trailing 1-year period	7.64%	14.93%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.17%	12.42%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	12.42%	-4.40%