MGRW.TO Alternatives & Similar ETFs

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

MGRW.TO charges 0.18% annually. There are 3 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.15%.

Symbol	Name	Expense Ratio	AUM	Inception
ZCON.TO	BMO Conservative ETF	0.15%	111.28M	Feb 2019	MGRW.TO vs ZCON.TO
TCON.TO	TD Conservative ETF Portfolio	0.17%	—	Aug 2020	MGRW.TO vs TCON.TO
TGRO.TO	TD Growth ETF Portfolio	0.17%	—	Aug 2020	MGRW.TO vs TGRO.TO
ZMI.TO	BMO Monthly Income ETF	0.18%	249.66M	Jan 2011	MGRW.TO vs ZMI.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	104.22M	Jan 2020	MGRW.TO vs ZESG.TO

Best Risk-Adjusted Alternatives to MGRW.TO

MGRW.TO has a PortfoliosLab risk / return rank of 84. There are 6 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
PINC.TO	Purpose Multi-Asset Income Fund	97	108.20M	Apr 2018	MGRW.TO vs PINC.TO
PRA.TO	Purpose Diversified Real Asset Fund	95	344.90M	Sep 2013	MGRW.TO vs PRA.TO
GRO.TO	Franklin Growth ETF Portfolio	93	—	Feb 2019	MGRW.TO vs GRO.TO
RIRA.TO	Russell Investments Real Assets	93	6.96M	Jan 2020	MGRW.TO vs RIRA.TO
CEQT.TO	CI Equity Asset Allocation ETF	91	—	May 2023	MGRW.TO vs CEQT.TO

Top Performing MGRW.TO Alternatives (YTD)

MGRW.TO is at 10.74% YTD. There are 11 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 24.59%.

Symbol	Name	YTD Return	AUM	Inception
PRA.TO	Purpose Diversified Real Asset Fund	24.59%	344.90M	Sep 2013	MGRW.TO vs PRA.TO
PINC.TO	Purpose Multi-Asset Income Fund	17.29%	108.20M	Apr 2018	MGRW.TO vs PINC.TO
RIRA.TO	Russell Investments Real Assets	16.48%	6.96M	Jan 2020	MGRW.TO vs RIRA.TO
CEQT.TO	CI Equity Asset Allocation ETF	13.51%	—	May 2023	MGRW.TO vs CEQT.TO
EGIF.TO	Exemplar Growth and Income Fund	13.42%	2.43M	Jun 2018	MGRW.TO vs EGIF.TO

Lowest Volatility Alternatives to MGRW.TO

MGRW.TO has 10.45% 1-year volatility. There are 23 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.49%.

Symbol	Name	Volatility 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.49%	—	Jun 2021	MGRW.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	3.28%	682.20M	Nov 2018	MGRW.TO vs PYF.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	4.88%	257.87M	Jan 2019	MGRW.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	5.06%	126.54M	Aug 2019	MGRW.TO vs XINC.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	5.72%	363.73M	Sep 2020	MGRW.TO vs VRIF.TO

Lowest Drawdown Alternatives to MGRW.TO

MGRW.TO has a 1-year max drawdown of -6.72%. There are 25 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	—	Jun 2021	MGRW.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	-2.11%	682.20M	Nov 2018	MGRW.TO vs PYF.TO
PINC.TO	Purpose Multi-Asset Income Fund	-3.59%	108.20M	Apr 2018	MGRW.TO vs PINC.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	126.54M	Aug 2019	MGRW.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	257.87M	Jan 2019	MGRW.TO vs VCIP.TO

Other ETFs from Mackenzie

The 10 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
QCN.TO	Mackenzie Canadian Equity Index ETF	Canada Equities	90	12.70%	5.71B	Jan 2018	MGRW.TO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	66	12.37%	6.25B	Jan 2018	MGRW.TO vs QUU.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	47	11.22%	—	May 2021	MGRW.TO vs WSHR.NEO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Nasdaq-100	—	14.66%	—	Aug 2025	MGRW.TO vs QQQQ.TO
MEQT.TO	Mackenzie All-Equity Allocation ETF	Global Equities	85	12.84%	—	Nov 2023	MGRW.TO vs MEQT.TO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	70	14.10%	1.74B	Jan 2018	MGRW.TO vs QDX.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	13	-0.36%	293.47M	Jan 2018	MGRW.TO vs QTIP.NEO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	92	1.62%	—	May 2025	MGRW.TO vs MAAA.TO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	Foreign Large Cap Equities	81	12.29%	40.61M	Jan 2018	MGRW.TO vs QDXH.TO
QEBL.TO	Mackenzie Emerging Markets Local Currency Bond Ind...	Emerging Markets Bonds	32	3.25%	119.61M	Oct 2019	MGRW.TO vs QEBL.TO

Often Compared With MGRW.TO

Investors most often compare MGRW.TO with VGRO.TO, XBAL.TO, VCNS.TO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VGRO.TO	Vanguard Growth ETF Portfolio	Diversified Portfolio	84	10.56%	10.51B	Jan 2018	MGRW.TO vs VGRO.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	67	8.11%	3.37B	Jun 2007	MGRW.TO vs XBAL.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	56	5.22%	932.14M	Jan 2018	MGRW.TO vs VCNS.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	47	4.04%	—	Apr 2025	MGRW.TO vs MIX.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	72	7.88%	5.67B	Jan 2018	MGRW.TO vs VBAL.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	Diversified Portfolio	77	7.78%	183.72M	Aug 2018	MGRW.TO vs HBAL.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	74	8.00%	9.78B	Jan 2021	MGRW.TO vs FBAL.NEO
GGRO.TO	iShares ESG Growth ETF Portfolio	Diversified Portfolio	59	12.10%	264.89M	Sep 2020	MGRW.TO vs GGRO.TO
XTR.TO	iShares Diversified Monthly Income ETF	Diversified Portfolio	74	8.81%	374.43M	Dec 2005	MGRW.TO vs XTR.TO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	48	6.49%	84.85M	Sep 2020	MGRW.TO vs GCNS.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	78	10.85%	5.13B	Jan 2021	MGRW.TO vs FGRO.NEO
CEQP.TO	CI Equity+ Asset Allocation ETF	Diversified Portfolio	—	—	—	Jan 2026	MGRW.TO vs CEQP.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	69	5.51%	419.44M	Aug 2019	MGRW.TO vs XCNS.TO
GBAL.TO	iShares ESG Balanced ETF Portfolio	Diversified Portfolio	57	9.28%	271.96M	Sep 2020	MGRW.TO vs GBAL.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	74	10.78%	5.04B	Jun 2007	MGRW.TO vs XGRO.TO
BMAX.TO	Brompton Enhanced Multi-Asset Income ETF	Diversified Portfolio, Derivative Income, Actively Managed	63	9.54%	65.40M	Oct 2022	MGRW.TO vs BMAX.TO
MUB.TO	Mackenzie Unconstrained Bond ETF	Nontraditional Bonds	18	-0.21%	1.12B	Apr 2016	MGRW.TO vs MUB.TO
QSB.TO	Mackenzie Canadian Short-Term Bond Index ETF	Short-Term Bond	59	1.30%	45.83M	Jan 2018	MGRW.TO vs QSB.TO
MCSB.TO	Mackenzie Canadian Short Term Fixed Income ETF	Short-Term Bond	49	1.52%	42.79M	Nov 2017	MGRW.TO vs MCSB.TO
MFT.TO	Mackenzie Floating Rate Income ETF	Bank Loan, Corporate Bonds	43	3.25%	321.39M	Apr 2016	MGRW.TO vs MFT.TO

Compare MGRW.TO with Any Fund or Stock

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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

Mackenzie Growth Allocation ETF (MGRW.TO) Alternatives