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BMAX.TO vs. VGRO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BMAX.TO vs. VGRO.TO

Last updated Jun 26, 2026

BMAX.TO (Brompton Enhanced Multi-Asset Income ETF) and VGRO.TO (Vanguard Growth ETF Portfolio) are both Diversified Portfolio funds. Over the past 3 years, BMAX.TO returned 19.44%/yr vs 19.25%/yr for VGRO.TO. A 0.79 correlation means they provide meaningful diversification when combined. BMAX.TO charges 2.62%/yr vs 0.20%/yr for VGRO.TO.

Performance

BMAX.TO vs. VGRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Vanguard Growth ETF Portfolio (VGRO.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BMAX.TO achieves a 11.68% return, which is significantly higher than VGRO.TO's 10.90% return.

BMAX.TO

1D
1.24%
1M
1.94%
YTD
11.68%
6M
10.69%
1Y
23.35%
3Y*
19.44%
5Y*
—
10Y*
—

VGRO.TO

1D
0.17%
1M
1.17%
YTD
10.90%
6M
10.32%
1Y
24.70%
3Y*
19.25%
5Y*
10.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BMAX.TO vs. VGRO.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		11.68%17.88%19.43%11.56%5.83%
VGRO.TO
Vanguard Growth ETF Portfolio		10.90%16.95%20.16%14.85%4.83%

Correlation

The correlation between BMAX.TO and VGRO.TO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2022

0.79

The correlation between BMAX.TO and VGRO.TO has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Brompton Enhanced Multi-Asset Income ETF

Vanguard Growth ETF Portfolio

Often compared with BMAX.TO:
BMAX.TO vs. HDIV.TOBMAX.TO vs. UTES.TOBMAX.TO vs. ZWQT.TOBMAX.TO vs. CLSA.TOBMAX.TO vs. BANK.TOBMAX.TO vs. HUTE.TOBMAX.TO vs. SPLT.TO
Often compared with VGRO.TO:
VGRO.TO vs. VEQT.TOVGRO.TO vs. XEQT.TOVGRO.TO vs. VBAL.TOVGRO.TO vs. XGRO.TOVGRO.TO vs. VDY.TOVGRO.TO vs. TGRO.TOVGRO.TO vs. ZGRO.TO

Return for Risk

BMAX.TO vs. VGRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BMAX.TO
BMAX.TO Risk / Return Rank: 7171
Overall Rank
BMAX.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
BMAX.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
BMAX.TO Omega Ratio Rank: 7474
Omega Ratio Rank
BMAX.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
BMAX.TO Martin Ratio Rank: 6868
Martin Ratio Rank
VGRO.TO
VGRO.TO Risk / Return Rank: 8585
Overall Rank
VGRO.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VGRO.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VGRO.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VGRO.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
VGRO.TO Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMAX.TO vs. VGRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Vanguard Growth ETF Portfolio (VGRO.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BMAX.TOVGRO.TODifference
Sharpe ratioReturn per unit of total volatility
2.10
2.46

-0.36

Sortino ratioReturn per unit of downside risk
3.00
3.42

-0.41

Omega ratioGain probability vs. loss probability

1.38

1.46

-0.08

Calmar ratioReturn relative to maximum drawdown

2.51

3.54

-1.03

Martin ratioReturn relative to average drawdown

10.95

15.18

-4.24

BMAX.TO vs. VGRO.TO - Sharpe Ratio Comparison

The current BMAX.TO Sharpe Ratio is 2.10, which is comparable to the VGRO.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of BMAX.TO and VGRO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BMAX.TO vs. VGRO.TO - Drawdown Comparison

The maximum BMAX.TO drawdown since its inception was -15.42%, smaller than the maximum VGRO.TO drawdown of -25.36%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and VGRO.TO.

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Drawdown Indicators

BMAX.TOVGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.42%

-25.36%

+9.94%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-7.01%

-2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

-12.49%

-2.93%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.37%

—

Current Drawdown

Current decline from peak

-0.38%

-1.06%

+0.68%

Average Drawdown

Average peak-to-trough decline

-1.88%

-3.38%

+1.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

1.63%

+0.51%

Volatility

BMAX.TO vs. VGRO.TO - Volatility Comparison

Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) has a higher volatility of 4.09% compared to Vanguard Growth ETF Portfolio (VGRO.TO) at 3.73%. This indicates that BMAX.TO's price experiences larger fluctuations and is considered to be riskier than VGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMAX.TOVGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

3.73%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

9.41%

8.42%

+0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

11.15%

10.08%

+1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.17%

10.71%

+2.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.17%

12.54%

+0.63%

BMAX.TO vs. VGRO.TO - Expense Ratio Comparison

BMAX.TO has a 2.62% expense ratio, which is higher than VGRO.TO's 0.20% expense ratio.

Dividends

BMAX.TO vs. VGRO.TO - Dividend Comparison

BMAX.TO's dividend yield for the trailing twelve months is around 9.38%, more than VGRO.TO's 1.70% yield.

PositionTTM20252024202320222021202020192018
BMAX.TO
Brompton Enhanced Multi-Asset Income ETF		9.38%9.70%9.65%9.55%2.41%0.00%0.00%0.00%0.00%
VGRO.TO
Vanguard Growth ETF Portfolio		1.70%1.88%2.04%2.18%2.17%1.82%1.80%2.20%2.12%

Frequently Asked Questions

BMAX.TO and VGRO.TO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VGRO.TO is cheaper with a 0.20% expense ratio, compared with 2.62% for BMAX.TO.

They also come from different issuers: Brompton Funds and Vanguard. Their fees differ too: 2.62% for BMAX.TO and 0.20% for VGRO.TO.

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