• RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 80% bonds - 20% stocks
      YTD Return 7.74%
      1-Year Return 6.64%
      3-Year Annualized Return 4.23%
      5-Year Annualized Return 4.78%
      10-Year Annualized Return 5.68%
      20-Year Annualized Return 5.61%
      Lowest 1-Year Return -3.84%
      20-Year Annualized Standard Deviation 3.72%
    • Security Name
      80% bonds - 20% stocks
      BMO Aggregate Bond Index ETF 7.74%
      Vanguard FTSE Canada All Cap Index ETF 6.64%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 4.23%
      iShares Core MSCI EAFE ETF (US-listed) 4.78%
      iShares Core MSCI Emerging Markets ETF (US-listed) 5.68%
      Management Expense Ratio (MER) 0.08%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 70% bonds - 30% stocks
      YTD Return 8.32%
      1-Year Return 6.27%
      3-Year Annualized Return 5.06%
      5-Year Annualized Return 5.30%
      10-Year Annualized Return 6.34%
      20-Year Annualized Return 5.75%
      Lowest 1-Year Return -7.75%
      20-Year Annualized Standard Deviation 4.33%
    • Security Name
      70% bonds - 30% stocks
      BMO Aggregate Bond Index ETF 8.32%
      Vanguard FTSE Canada All Cap Index ETF 6.27%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 5.06%
      iShares Core MSCI EAFE ETF (US-listed) 5.30%
      iShares Core MSCI Emerging Markets ETF (US-listed) 6.34%
      Management Expense Ratio (MER) 0.08%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 60% bonds - 40% stocks
      YTD Return 8.97%
      1-Year Return 5.99%
      3-Year Annualized Return 5.93%
      5-Year Annualized Return 5.89%
      10-Year Annualized Return 7.08%
      20-Year Annualized Return 5.83%
      Lowest 1-Year Return -11.48%
      20-Year Annualized Standard Deviation 5.13%
    • Security Name
      60% bonds - 40% stocks
      BMO Aggregate Bond Index ETF 8.97%
      Vanguard FTSE Canada All Cap Index ETF 5.99%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 5.93%
      iShares Core MSCI EAFE ETF (US-listed) 5.89%
      iShares Core MSCI Emerging Markets ETF (US-listed) 7.08%
      Management Expense Ratio (MER) 0.08%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 50% bonds - 50% stocks
      YTD Return 9.61%
      1-Year Return 5.65%
      3-Year Annualized Return 6.75%
      5-Year Annualized Return 6.38%
      10-Year Annualized Return 7.71%
      20-Year Annualized Return 5.94%
      Lowest 1-Year Return -15.38%
      20-Year Annualized Standard Deviation 6.09%
    • Security Name
      50% bonds - 50% stocks
      BMO Aggregate Bond Index ETF 9.61%
      Vanguard FTSE Canada All Cap Index ETF 5.65%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 6.75%
      iShares Core MSCI EAFE ETF (US-listed) 6.38%
      iShares Core MSCI Emerging Markets ETF (US-listed) 7.71%
      Management Expense Ratio (MER) 0.07%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 40% bonds - 60% stocks
      YTD Return 10.18%
      1-Year Return 5.27%
      3-Year Annualized Return 7.59%
      5-Year Annualized Return 6.89%
      10-Year Annualized Return 8.34%
      20-Year Annualized Return 5.99%
      Lowest 1-Year Return -19.23%
      20-Year Annualized Standard Deviation 7.14%
    • Security Name
      40% bonds - 60% stocks
      BMO Aggregate Bond Index ETF 10.18%
      Vanguard FTSE Canada All Cap Index ETF 5.27%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 7.59%
      iShares Core MSCI EAFE ETF (US-listed) 6.89%
      iShares Core MSCI Emerging Markets ETF (US-listed) 8.34%
      Management Expense Ratio (MER) 0.07%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 30% bonds - 70% stocks
      YTD Return 10.80%
      1-Year Return 4.97%
      3-Year Annualized Return 8.46%
      5-Year Annualized Return 7.47%
      10-Year Annualized Return 9.02%
      20-Year Annualized Return 6.02%
      Lowest 1-Year Return -22.95%
      20-Year Annualized Standard Deviation 8.24%
    • Security Name
      30% bonds - 70% stocks
      BMO Aggregate Bond Index ETF 10.80%
      Vanguard FTSE Canada All Cap Index ETF 4.97%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 8.46%
      iShares Core MSCI EAFE ETF (US-listed) 7.47%
      iShares Core MSCI Emerging Markets ETF (US-listed) 9.02%
      Management Expense Ratio (MER) 0.07%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 20% bonds - 80% stocks
      YTD Return 11.43%
      1-Year Return 4.62%
      3-Year Annualized Return 9.28%
      5-Year Annualized Return 7.94%
      10-Year Annualized Return 9.62%
      20-Year Annualized Return 6.04%
      Lowest 1-Year Return -26.78%
      20-Year Annualized Standard Deviation 9.39%
    • Security Name
      20% bonds - 80% stocks
      BMO Aggregate Bond Index ETF 11.43%
      Vanguard FTSE Canada All Cap Index ETF 4.62%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 9.28%
      iShares Core MSCI EAFE ETF (US-listed) 7.94%
      iShares Core MSCI Emerging Markets ETF (US-listed) 9.62%
      Management Expense Ratio (MER) 0.07%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 10% bonds - 90% stocks
      YTD Return 12.01%
      1-Year Return 4.22%
      3-Year Annualized Return 10.10%
      5-Year Annualized Return 8.44%
      10-Year Annualized Return 10.22%
      20-Year Annualized Return 6.00%
      Lowest 1-Year Return -30.56%
      20-Year Annualized Standard Deviation 10.58%
    • Security Name
      10% bonds - 90% stocks
      BMO Aggregate Bond Index ETF 12.01%
      Vanguard FTSE Canada All Cap Index ETF 4.22%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 10.10%
      iShares Core MSCI EAFE ETF (US-listed) 8.44%
      iShares Core MSCI Emerging Markets ETF (US-listed) 10.22%
      Management Expense Ratio (MER) 0.06%
    • RRSP & RRIF Accounts
      Hypothetical Performance as of June 30, 2019 100% stocks
      YTD Return 12.63%
      1-Year Return 3.91%
      3-Year Annualized Return 10.98%
      5-Year Annualized Return 9.01%
      10-Year Annualized Return 10.87%
      20-Year Annualized Return 5.95%
      Lowest 1-Year Return -34.22%
      20-Year Annualized Standard Deviation 11.79%
    • Security Name
      100% stocks
      BMO Aggregate Bond Index ETF 12.63%
      Vanguard FTSE Canada All Cap Index ETF 3.91%
      iShares Core S&P Total U.S. Stock Market ETF (US-listed) 10.98%
      iShares Core MSCI EAFE ETF (US-listed) 9.01%
      iShares Core MSCI Emerging Markets ETF (US-listed) 10.87%
      Management Expense Ratio (MER) 0.06%

This document provides the performance data for the Model ETF Portfolios as of June 2019, as compiled by the Toronto team.

  1. RRSP & RRIF Accounts
  2. TFSA, RESP and RDSP Accounts
  3. Taxable Accounts
  4. Performance Methodology


The PWL Model Portfolios have relatively short track records. However, they often track indexes with a longer history, so whenever fund returns were not available, we used the underlying index returns and subtracted the current management expense ratio of the fund. In a number of cases, we have had to approximate the returns of the asset classes using other indexes. All returns are in Canadian dollars and the portfolios are rebalanced annually.
Past performance does not guarantee future results. The historical performance of indexes is illustrative only and is not necessarily a reflection of the future performance of any fund tracking that benchmark.

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