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

Among 26 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
ZCON.TO	BMO Conservative ETF	0.15%	107.60M	Feb 2019	MGRW.TO vs ZCON.TO
TGRO.TO	TD Growth ETF Portfolio	0.17%	—	Aug 2020	MGRW.TO vs TGRO.TO
ZGRO.TO	BMO Growth ETF	0.18%	767.07M	Feb 2019	MGRW.TO vs ZGRO.TO
ZMI.TO	BMO Monthly Income ETF	0.18%	236.88M	Jan 2011	MGRW.TO vs ZMI.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	105.18M	Jan 2020	MGRW.TO vs ZESG.TO

Best Risk-Adjusted Alternatives to MGRW.TO

MGRW.TO has a PortfoliosLab risk / return rank of 85. There are 2 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
GRO.TO	Franklin Growth ETF Portfolio	93	—	Feb 2019	MGRW.TO vs GRO.TO
CEQT.TO	CI Equity Asset Allocation ETF	92	—	May 2023	MGRW.TO vs CEQT.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	82	182.80M	Aug 2018	MGRW.TO vs HBAL.TO
VGRO.TO	Vanguard Growth ETF Portfolio	81	10.14B	Jan 2018	MGRW.TO vs VGRO.TO
TGRO.TO	TD Growth ETF Portfolio	80	—	Aug 2020	MGRW.TO vs TGRO.TO

Top Performing MGRW.TO Alternatives (YTD)

MGRW.TO is at 9.95% YTD. There are 8 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.29%.

Symbol	Name	YTD Return	AUM	Inception
GGRO.TO	iShares ESG Growth ETF Portfolio	13.29%	261.72M	Sep 2020	MGRW.TO vs GGRO.TO
CEQT.TO	CI Equity Asset Allocation ETF	13.27%	—	May 2023	MGRW.TO vs CEQT.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	11.26%	—	Jan 2022	MGRW.TO vs FEQT.NEO
ZGRO.TO	BMO Growth ETF	10.93%	767.07M	Feb 2019	MGRW.TO vs ZGRO.TO
VGRO.TO	Vanguard Growth ETF Portfolio	10.72%	10.14B	Jan 2018	MGRW.TO vs VGRO.TO

Lowest Volatility Alternatives to MGRW.TO

MGRW.TO has 10.20% 1-year volatility. There are 18 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 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	3.25%	693.10M	Nov 2018	MGRW.TO vs PYF.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	4.78%	254.60M	Jan 2019	MGRW.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	4.95%	124.55M	Aug 2019	MGRW.TO vs XINC.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	5.57%	357.83M	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 17 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%	693.10M	Nov 2018	MGRW.TO vs PYF.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	124.55M	Aug 2019	MGRW.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	254.60M	Jan 2019	MGRW.TO vs VCIP.TO
XTR.TO	iShares Diversified Monthly Income ETF	-3.84%	378.56M	Dec 2005	MGRW.TO vs XTR.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
QCN.TO	Mackenzie Canadian Equity Index ETF	Canada Equities	83	10.62%	5.53B	Jan 2018	MGRW.TO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	71	12.05%	6.24B	Jan 2018	MGRW.TO vs QUU.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	26	7.29%	—	May 2021	MGRW.TO vs WSHR.NEO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Nasdaq-100	—	20.92%	—	Aug 2025	MGRW.TO vs QQQQ.TO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	56	11.91%	1.67B	Jan 2018	MGRW.TO vs QDX.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	16	0.32%	293.47M	Jan 2018	MGRW.TO vs QTIP.NEO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	International Equity	78	10.48%	40.31M	Jan 2018	MGRW.TO vs QDXH.TO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	87	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, VBAL.TO. These 13 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	63	8.27%	3.32B	Jun 2007	MGRW.TO vs XBAL.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	59	6.18%	893.34M	Jan 2018	MGRW.TO vs VCNS.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	71	8.40%	5.44B	Jan 2018	MGRW.TO vs VBAL.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	50	4.50%	—	Apr 2025	MGRW.TO vs MIX.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	68	7.72%	8.96B	Jan 2021	MGRW.TO vs FBAL.NEO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	56	7.86%	78.91M	Sep 2020	MGRW.TO vs GCNS.TO
CEQP.TO	CI Equity+ Asset Allocation ETF	Diversified Portfolio	—	—	—	Jan 2026	MGRW.TO vs CEQP.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	71	9.74%	4.70B	Jan 2021	MGRW.TO vs FGRO.NEO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	68	6.11%	408.41M	Aug 2019	MGRW.TO vs XCNS.TO
TCON.TO	TD Conservative ETF Portfolio	Diversified Portfolio	69	5.90%	—	Aug 2020	MGRW.TO vs TCON.TO
GBAL.TO	iShares ESG Balanced ETF Portfolio	Diversified Portfolio	64	9.95%	266.94M	Sep 2020	MGRW.TO vs GBAL.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	71	10.58%	4.97B	Jun 2007	MGRW.TO vs XGRO.TO
BMAX.TO	Brompton Enhanced Multi-Asset Income ETF	Diversified Portfolio	64	10.31%	65.40M	—	MGRW.TO vs BMAX.TO

Compare MGRW.TO with Any Fund or Stock

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

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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