Mackenzie Growth Allocation ETF (MGRW.TO) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to MGRW.TO

MGRW.TO charges 0.00% annually. Among ETFs in the Diversified Portfolio category, these options have the lowest expense ratios among MGRW.TO alternatives.

Symbol	Name	Expense Ratio	Inception
ZCON.TO	BMO Conservative ETF	0.15%	Feb 12, 2019	MGRW.TO vs ZCON.TO
TGRO.TO	TD Growth ETF Portfolio	0.15%	Aug 11, 2020	MGRW.TO vs TGRO.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	Jan 15, 2020	MGRW.TO vs ZESG.TO
ZMI.TO	BMO Monthly Income ETF	0.18%	Jan 28, 2011	MGRW.TO vs ZMI.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	0.20%	Aug 1, 2018	MGRW.TO vs HBAL.TO

Best Risk-Adjusted Alternatives to MGRW.TO

Among ETFs in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
VRIF.TO	Vanguard Retirement Income ETF Portfolio	74	Sep 9, 2020	MGRW.TO vs VRIF.TO
TGRO.TO	TD Growth ETF Portfolio	73	Aug 11, 2020	MGRW.TO vs TGRO.TO
VGRO.TO	Vanguard Growth ETF Portfolio	72	Jan 25, 2018	MGRW.TO vs VGRO.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	71	Jan 25, 2018	MGRW.TO vs VBAL.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	70	Jan 21, 2021	MGRW.TO vs FGRO.NEO

Top Performing MGRW.TO Alternatives (YTD)

MGRW.TO alternatives from the Diversified Portfolio category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
ZMI.TO	BMO Monthly Income ETF	2.98%	Jan 28, 2011	MGRW.TO vs ZMI.TO
XTR.TO	iShares Diversified Monthly Income ETF	2.82%	Dec 19, 2005	MGRW.TO vs XTR.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	1.81%	Jan 21, 2021	MGRW.TO vs FGRO.NEO
FBAL.NEO	Fidelity All-in-One Balanced ETF	1.39%	Jan 21, 2021	MGRW.TO vs FBAL.NEO
TGRO.TO	TD Growth ETF Portfolio	0.84%	Aug 11, 2020	MGRW.TO vs TGRO.TO

Lowest Volatility Alternatives to MGRW.TO

MGRW.TO alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	Jun 18, 2021	MGRW.TO vs CSBG.NEO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	5.02%	Jan 29, 2019	MGRW.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	5.24%	Aug 7, 2019	MGRW.TO vs XINC.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	6.04%	Sep 9, 2020	MGRW.TO vs VRIF.TO
PYF.TO	Purpose Premium Yield Fund Series ETF	6.35%	Nov 28, 2018	MGRW.TO vs PYF.TO

Lowest Drawdown Alternatives to MGRW.TO

MGRW.TO alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	Jun 18, 2021	MGRW.TO vs CSBG.NEO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	Aug 7, 2019	MGRW.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	Jan 29, 2019	MGRW.TO vs VCIP.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	-4.55%	Sep 9, 2020	MGRW.TO vs VRIF.TO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	-5.05%	Sep 2, 2020	MGRW.TO vs GCNS.TO

Other ETFs from Mackenzie

Most popular Mackenzie ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	Canada Equities	93	4.40%	Jan 24, 2018	MGRW.TO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	43	-2.75%	Jan 24, 2018	MGRW.TO vs QUU.TO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Large Cap Blend Equities	—	-6.15%	Aug 19, 2025	MGRW.TO vs QQQQ.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	17	1.81%	May 12, 2021	MGRW.TO vs WSHR.NEO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	64	2.63%	Jan 24, 2018	MGRW.TO vs QDX.TO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	—	0.28%	May 1, 2025	MGRW.TO vs MAAA.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	20	0.29%	Jan 24, 2018	MGRW.TO vs QTIP.NEO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	International Equity	55	-1.14%	Jan 29, 2018	MGRW.TO vs QDXH.TO

Often Compared With MGRW.TO

What investors most often compare with MGRW.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio, Actively Managed	61	0.80%	Jun 21, 2007	MGRW.TO vs XBAL.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	—	-1.88%	Apr 25, 2025	MGRW.TO vs MIX.TO
CEQT.TO	CI Equity Asset Allocation ETF	Diversified Portfolio	59	-1.84%	May 17, 2023	MGRW.TO vs CEQT.TO
GGRO.TO	iShares ESG Growth ETF Portfolio	Diversified Portfolio	58	-0.86%	Sep 2, 2020	MGRW.TO vs GGRO.TO
GRO.TO	Franklin Growth ETF Portfolio	Diversified Portfolio	58	-2.38%	Feb 20, 2019	MGRW.TO vs GRO.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	59	0.48%	Aug 7, 2019	MGRW.TO vs XCNS.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	48	-0.16%	Jan 25, 2018	MGRW.TO vs VCNS.TO

Compare MGRW.TO with Any Fund or Stock

Compare MGRW.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Mackenzie Growth Allocation ETF

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