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ZCON.TO vs. TGRO.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZCON.TO vs. TGRO.TO

Last updated Apr 1, 2026

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

ZCON.TO and TGRO.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. TGRO.TO is an actively managed fund by TD. It was launched on Aug 11, 2020.

Performance

ZCON.TO vs. TGRO.TO - Performance Comparison

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

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

2026 (YTD)202520242023202220212020
ZCON.TO
BMO Conservative ETF		0.31%9.31%11.51%9.89%-11.00%6.06%3.43%
TGRO.TO
TD Growth ETF Portfolio		0.20%18.03%22.28%18.36%-11.39%20.46%1,911.34%

Returns By Period

In the year-to-date period, ZCON.TO achieves a 0.31% return, which is significantly higher than TGRO.TO's 0.20% 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*
—

TGRO.TO

1D
2.36%
1M
-3.91%
YTD
0.20%
6M
2.78%
1Y
17.84%
3Y*
16.89%
5Y*
11.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Conservative ETF

TD Growth ETF Portfolio

Often compared with ZCON.TO:
ZCON.TO vs. ZMMK.TOZCON.TO vs. PYF.TOZCON.TO vs. ZBAL.TOZCON.TO vs. MIX.TOZCON.TO vs. XBAL.TOZCON.TO vs. XTR.TOZCON.TO vs. ZMI.TO
Often compared with TGRO.TO:
TGRO.TO vs. VGRO.TOTGRO.TO vs. XEQT.TOTGRO.TO vs. XGRO.TOTGRO.TO vs. ZGRO.TOTGRO.TO vs. TBAL.TOTGRO.TO vs. TEQT.TOTGRO.TO vs. TPU.TO

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

Both ZCON.TO and TGRO.TO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

ZCON.TO
BMO Conservative ETF
TGRO.TO
TD Growth ETF Portfolio

Return for Risk

ZCON.TO vs. TGRO.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: 6060
Overall Rank
ZCON.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
ZCON.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
ZCON.TO Omega Ratio Rank: 5959
Omega Ratio Rank
ZCON.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
ZCON.TO Martin Ratio Rank: 6060
Martin Ratio Rank
TGRO.TO
TGRO.TO Risk / Return Rank: 7676
Overall Rank
TGRO.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TGRO.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
TGRO.TO Omega Ratio Rank: 7878
Omega Ratio Rank
TGRO.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
TGRO.TO Martin Ratio Rank: 7979
Martin Ratio Rank
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. TGRO.TO - Risk-Adjusted Trends Comparison

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

ZCON.TOTGRO.TODifference

Sharpe ratio

Return per unit of total volatility

1.14

1.31

-0.17

Sortino ratio

Return per unit of downside risk

1.59

1.82

-0.23

Omega ratio

Gain probability vs. loss probability

1.23

1.28

-0.06

Calmar ratio

Return relative to maximum drawdown

1.56

1.79

-0.23

Martin ratio

Return relative to average drawdown

6.04

8.09

-2.05

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. TGRO.TO - Sharpe Ratio Comparison

The current ZCON.TO Sharpe Ratio is 1.14, which is comparable to the TGRO.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of ZCON.TO and TGRO.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.

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Sharpe Ratios by Period

ZCON.TOTGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

1.31

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

1.01

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.12

+0.61

Correlation

The correlation between ZCON.TO and TGRO.TO is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ZCON.TO vs. TGRO.TO - Dividend Comparison

ZCON.TO's dividend yield for the trailing twelve months is around 2.16%, more than TGRO.TO's 1.98% yield.

TTM2025202420232022202120202019
ZCON.TO
BMO Conservative ETF		2.16%2.36%2.49%2.71%2.89%2.50%2.59%2.51%
TGRO.TO
TD Growth ETF Portfolio		1.98%2.03%2.04%2.17%2.46%1.58%0.83%0.00%

Drawdowns

ZCON.TO vs. TGRO.TO - Drawdown Comparison

The maximum ZCON.TO drawdown since its inception was -17.22%, smaller than the maximum TGRO.TO drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for ZCON.TO and TGRO.TO.

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Drawdown Indicators

ZCON.TOTGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.22%

-18.37%

+1.15%

Max Drawdown (1Y)

Largest decline over 1 year

-5.76%

-10.35%

+4.59%

Max Drawdown (5Y)

Largest decline over 5 years

-15.88%

-18.37%

+2.49%

Current Drawdown

Current decline from peak

-2.93%

-4.39%

+1.46%

Average Drawdown

Average peak-to-trough decline

-3.26%

-3.54%

+0.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.49%

2.29%

-0.80%

Volatility

ZCON.TO vs. TGRO.TO - Volatility Comparison

The current volatility for BMO Conservative ETF (ZCON.TO) is 3.02%, while TD Growth ETF Portfolio (TGRO.TO) has a volatility of 5.19%. This indicates that ZCON.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

ZCON.TOTGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.02%

5.19%

-2.17%

Volatility (6M)

Calculated over the trailing 6-month period

4.68%

8.11%

-3.43%

Volatility (1Y)

Calculated over the trailing 1-year period

7.64%

13.72%

-6.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.17%

11.64%

-4.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.02%

752.08%

-744.06%