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Mackenzie Growth Allocation ETF (MGRW.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The Mackenzie Growth Allocation ETF is an actively managed fund that invests in a diversified portfolio of equities and fixed income securities, aiming to provide long-term capital growth with moderate risk.

Looking to diversify beyond MGRW.TO? The ETFs below have the lowest correlation with MGRW.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MGRW.TO.

Best Diversifiers for MGRW.TO

3 ETFs have low correlation with MGRW.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MAAA.TO
Mackenzie AAA CLO ETF0.03——
82
CLOMGRW.TO vs MAAA.TO
GRO.TO
Franklin Growth ETF Portfolio0.08——
90
Diversified PortfolioMGRW.TO vs GRO.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...0.260.270.26
67
International EquityMGRW.TO vs QDXH.TO
GCNS.TO
iShares ESG Conservative Balanced ETF Portfolio0.420.390.39
52
Diversified PortfolioMGRW.TO vs GCNS.TO
XTR.TO
iShares Diversified Monthly Income ETF0.420.370.38
85
Diversified PortfolioMGRW.TO vs XTR.TO
See all 25 diversifiers for MGRW.TO

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Diversification Analysis

Build a portfolio that complements MGRW.TO

Add MGRW.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MGRW.TO