Mackenzie Growth Allocation ETF (MGRW.TO) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MGRW.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGRW.TO
Among 25 ETFs in the Diversified Portfolio category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| TD Growth ETF Portfolio | 0.15% | — | Aug 2020 | MGRW.TO vs TGRO.TO | |
| BMO Conservative ETF | 0.15% | 101.45M | Feb 2019 | MGRW.TO vs ZCON.TO | |
| BMO Monthly Income ETF | 0.18% | 234.41M | Jan 2011 | MGRW.TO vs ZMI.TO | |
| BMO Balanced ESG ETF | 0.18% | 103.83M | Jan 2020 | MGRW.TO vs ZESG.TO | |
| iShares Core Conservative Balanced ETF Portfolio | 0.20% | 398.47M | Aug 2019 | MGRW.TO vs XCNS.TO |
Best Risk-Adjusted Alternatives to MGRW.TO
MGRW.TO has a PortfoliosLab risk / return rank of 83. There are 3 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Growth ETF Portfolio | 90 | — | Feb 2019 | MGRW.TO vs GRO.TO | |
| CI Equity Asset Allocation ETF | 90 | — | May 2023 | MGRW.TO vs CEQT.TO | |
| iShares Diversified Monthly Income ETF | 85 | 373.65M | Dec 2005 | MGRW.TO vs XTR.TO | |
| TD Growth ETF Portfolio | 77 | — | Aug 2020 | MGRW.TO vs TGRO.TO | |
| Global X Balanced Asset Allocation ETF | 77 | 178.67M | Aug 2018 | MGRW.TO vs HBAL.TO |
Top Performing MGRW.TO Alternatives (YTD)
MGRW.TO is at 9.90% YTD. There are 6 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.14%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CI Equity Asset Allocation ETF | 13.14% | — | May 2023 | MGRW.TO vs CEQT.TO | |
| iShares ESG Growth ETF Portfolio | 11.53% | 251.75M | Sep 2020 | MGRW.TO vs GGRO.TO | |
| iShares Core Growth ETF Portfolio | 10.38% | 4.82B | Jun 2007 | MGRW.TO vs XGRO.TO | |
| Vanguard Growth ETF Portfolio | 10.34% | 10.14B | Jan 2018 | MGRW.TO vs VGRO.TO | |
| Fidelity All-in-One Equity ETF Fund | 10.30% | — | Jan 2022 | MGRW.TO vs FEQT.NEO |
Lowest Volatility Alternatives to MGRW.TO
MGRW.TO has 9.87% 1-year volatility. There are 21 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| CIBC Sustainable Balanced Growth Solution ETF | 0.00% | — | Jun 2021 | MGRW.TO vs CSBG.NEO | |
| Purpose Premium Yield Fund Series ETF | 3.20% | 708.70M | Nov 2018 | MGRW.TO vs PYF.TO | |
| iShares Diversified Monthly Income ETF | 4.59% | 373.65M | Dec 2005 | MGRW.TO vs XTR.TO | |
| Vanguard Conservative Income ETF Portfolio | 4.70% | 254.60M | Jan 2019 | MGRW.TO vs VCIP.TO | |
| iShares Core Income Balanced ETF Portfolio | 4.93% | 122.26M | Aug 2019 | MGRW.TO vs XINC.TO |
Lowest Drawdown Alternatives to MGRW.TO
MGRW.TO has a 1-year max drawdown of -6.72%. There are 19 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| CIBC Sustainable Balanced Growth Solution ETF | 0.00% | — | Jun 2021 | MGRW.TO vs CSBG.NEO | |
| Purpose Premium Yield Fund Series ETF | -2.11% | 708.70M | Nov 2018 | MGRW.TO vs PYF.TO | |
| iShares Diversified Monthly Income ETF | -3.29% | 373.65M | Dec 2005 | MGRW.TO vs XTR.TO | |
| iShares Core Income Balanced ETF Portfolio | -3.65% | 122.26M | Aug 2019 | MGRW.TO vs XINC.TO | |
| Vanguard Conservative Income ETF Portfolio | -3.80% | 254.60M | Jan 2019 | MGRW.TO vs VCIP.TO |
Other ETFs from Mackenzie
The 8 most viewed Mackenzie ETFs shown here include QCN.TO, QUU.TO, WSHR.NEO and span 8 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Mackenzie Canadian Equity Index ETF | Canada Equities | 80 | 10.85% | 5.19B | Jan 2018 | MGRW.TO vs QCN.TO | |
| Mackenzie US Large Cap Equity Index ETF | Large Cap Blend Equities | 72 | 12.55% | 5.61B | Jan 2018 | MGRW.TO vs QUU.TO | |
| Wealthsimple Shariah World Equity Index ETF | Global Equities | 21 | 5.69% | — | May 2021 | MGRW.TO vs WSHR.NEO | |
| Mackenzie NASDAQ 100 Index ETF | Nasdaq-100 | — | 21.51% | — | Aug 2025 | MGRW.TO vs QQQQ.TO | |
| Mackenzie International Equity Index ETF | Foreign Large Cap Equities | 48 | 10.16% | 1.52B | Jan 2018 | MGRW.TO vs QDX.TO | |
| Mackenzie US TIPS Index ETF (CAD-Hedged) | Inflation-Protected Bonds | 25 | 0.87% | 293.47M | Jan 2018 | MGRW.TO vs QTIP.NEO | |
| Mackenzie International Equity Index ETF (CAD-Hedg... | International Equity | 67 | 9.05% | 38.52M | Jan 2018 | MGRW.TO vs QDXH.TO | |
| Mackenzie AAA CLO ETF | CLO | 82 | 1.23% | — | May 2025 | MGRW.TO vs MAAA.TO |
Often Compared With MGRW.TO
Investors most often compare MGRW.TO with XBAL.TO, VCNS.TO, MIX.TO. These 11 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MGRW.TO with Any Fund or Stock
Compare MGRW.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGRW.TO with funds that move differently
Mackenzie Growth Allocation ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGRW.TO.
Explore MGRW.TO Diversifiers