VS
TD Conservative ETF Portfolio (TCON) and Vanguard Retirement Income ETF Portfolio (VRIF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TCON focuses its top 3 sector exposures on Sovereign, Finance, and Municipal, while VRIF leans towards Finance, Sovereign, and Energy. When evaluating costs, TCON features a management fee (MER) of 0.27%, compared to 0.29% for VRIF. Performance-wise, TCON has returned 5.99% year-to-date with +$52 M in net flows, whereas VRIF is at 4.38% with +$65 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TCON
VRIF
| AuM | $137.85 M | $371.93 M |
| Management Fees | 0.27% | 0.29% |
| Exp. ratio | 0.17% | 0.32% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCON | +1.31% | +0.38% | +5.99% | +6.12% | +38.16% |
VRIF | +0.65% | -0.31% | +4.38% | +4.64% | +37.07% | |
| Flows | TCON | +$3 M | +$10 M | +$52 M | +$66 M | +$110 M |
VRIF | +$0 M | +$11 M | +$65 M | +$75 M | +$32 M |
TCON vs VRIF exposure
Countries
TCON
Canada
72.71%
USA
16.17%
Other
11.12%
VRIF
Canada
61.71%
USA
15.85%
Other
22.44%
Sectors
TCON
Sovereign
21.29%
Finance
17.74%
Municipal
16.50%
Technology
8.83%
Other
35.64%
VRIF
Finance
29.50%
Sovereign
14.15%
Energy
7.93%
Municipal
7.62%
Other
40.80%
As of October 16, 2026
Top 10 Holdings
TCON
NVIDIA Corp.
1.15%
Royal Bank of Canada
1.13%
Apple, Inc.
1.02%
Canada, Bonds 3.25% 1dec2035, CAD
0.94%
Canada, Bonds 2.75% 1sep2030, CAD
0.89%
Canada, Bond 1.5 1jun2031 10Y
0.86%
Microsoft Corp.
0.83%
Canada, Bonds 1.5% 1dec2031 10Y
0.80%
Canada, Bonds 2.75% 1mar2031, CAD
0.80%
The Toronto-Dominion Bank
0.79%
VRIF
Royal Bank of Canada
0.72%
NVIDIA Corp.
0.52%
The Toronto-Dominion Bank
0.51%
Apple, Inc.
0.48%
Shopify, Inc.
0.45%
Canada, Bonds 2.75% 1mar2031, CAD
0.45%
Samsung Electronics Co., Ltd.
0.41%
Microsoft Corp.
0.39%
Canada, Bonds 2.75% 1sep2030, CAD
0.39%
Canada, Bonds 3.25% 1dec2035, CAD
0.37%
Diversification
TCON
Total weight of top 10 holdings out of 3,314 total
9.23%
VRIF
Total weight of top 10 holdings out of 29,730 total
4.68%
Characteristics
Compare
TCON
VRIF
| Provider | TD Asset Management | Vanguard |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.08% | 3.86% |
| Meets ESG criteria | No | No |
| Inception Date | August 18, 2020 | September 9, 2020 |
Frequently asked questions about TCON and VRIF
Which ETF has performed better year to date: TCON or VRIF?
As of October 16, 2026, TCON has returned 5.99% year to date, while VRIF has returned 4.38%. TCON is ahead on YTD performance.
Which ETF is larger by assets under management: TCON or VRIF?
As of October 16, 2026, TCON manages $137.85 M in assets, while VRIF manages $371.93 M. VRIF is the larger fund by AUM.
How are TCON and VRIF managed?
TCON is actively managed by TD Asset Management. It does not track an index. VRIF is actively managed by Vanguard. It does not track an index.
What sectors do TCON and VRIF emphasize?
TCON is most exposed to Sovereign, Finance, and Municipal. VRIF is most exposed to Finance, Sovereign, and Energy.
Which ETF is attracting more investor flows: TCON or VRIF?
Year to date, TCON has seen +$51.97 M in net flows, compared with +$64.95 M for VRIF. VRIF has attracted more net investor money so far.
How do the fees of TCON and VRIF compare?
TCON has an expense ratio of 0.17%, while VRIF has an expense ratio of 0.32%.
What are the top holdings of TCON and VRIF?
TCON's largest holdings include NVIDIA Corp., Royal Bank of Canada, and Apple, Inc.. VRIF's top holdings include Royal Bank of Canada and NVIDIA Corp..
Which ETF is more diversified: TCON or VRIF?
TCON holds 3271 securities, while VRIF holds 24874. On holdings count, VRIF is the more diversified portfolio.
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