GRO.TO vs. ZGRO.TO
GRO.TO (Franklin Growth ETF Portfolio) and ZGRO.TO (BMO Growth ETF) are both exchange-traded funds - GRO.TO is a Diversified Portfolio fund actively managed by Franklin Templeton, while ZGRO.TO is a Global Allocation fund actively managed by BMO. Both are actively managed. Over the past year, GRO.TO returned 25.03% vs 25.31% for ZGRO.TO. At a 0.11 correlation, their price movements are largely independent. GRO.TO charges 0.21%/yr vs 0.18%/yr for ZGRO.TO.
Performance
GRO.TO vs. ZGRO.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with GRO.TO having a 10.72% return and ZGRO.TO slightly higher at 10.93%.
GRO.TO
- 1D
- 0.00%
- 1M
- 3.69%
- YTD
- 10.72%
- 6M
- 11.37%
- 1Y
- 25.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZGRO.TO
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 10.93%
- 6M
- 10.40%
- 1Y
- 25.31%
- 3Y*
- 23.01%
- 5Y*
- 15.61%
- 10Y*
- —
GRO.TO vs. ZGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRO.TO Franklin Growth ETF Portfolio | 10.72% | 11.09% | 15.17% |
ZGRO.TO BMO Growth ETF | 10.93% | 18.65% | 13.34% |
Correlation
The correlation between GRO.TO and ZGRO.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2024 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRO.TO vs. ZGRO.TO — Risk / Return Rank
GRO.TO
ZGRO.TO
GRO.TO vs. ZGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth ETF Portfolio (GRO.TO) and BMO Growth ETF (ZGRO.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.
| GRO.TO | ZGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 3.11 | 1.40 | +1.71 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 3.70 | +0.65 |
| Martin ratioReturn relative to average drawdown | 20.25 | 14.49 | +5.76 |
Loading charts...
Drawdowns
GRO.TO vs. ZGRO.TO - Drawdown Comparison
The maximum GRO.TO drawdown since its inception was -12.96%, smaller than the maximum ZGRO.TO drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for GRO.TO and ZGRO.TO.
Loading charts...
Drawdown Indicators
| GRO.TO | ZGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.96% | -24.67% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -6.87% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.21% | — |
Current DrawdownCurrent decline from peak | -0.29% | -2.43% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -2.49% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.75% | -0.51% |
Volatility
GRO.TO vs. ZGRO.TO - Volatility Comparison
The current volatility for Franklin Growth ETF Portfolio (GRO.TO) is 3.62%, while BMO Growth ETF (ZGRO.TO) has a volatility of 5.05%. This indicates that GRO.TO experiences smaller price fluctuations and is considered to be less risky than ZGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GRO.TO | ZGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 5.05% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 9.91% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.61% | 11.83% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.98% | 11.18% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.98% | 13.19% | -1.21% |
GRO.TO vs. ZGRO.TO - Expense Ratio Comparison
GRO.TO has a 0.21% expense ratio, which is higher than ZGRO.TO's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GRO.TO vs. ZGRO.TO - Dividend Comparison
GRO.TO's dividend yield for the trailing twelve months is around 2.10%, less than ZGRO.TO's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRO.TO Franklin Growth ETF Portfolio | 2.10% | 2.04% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZGRO.TO BMO Growth ETF | 2.24% | 3.38% | 5.76% | 6.81% | 7.63% | 6.65% | 7.47% | 6.95% |
Frequently Asked Questions
GRO.TO and ZGRO.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZGRO.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZGRO.TO is cheaper with a 0.18% expense ratio, compared with 0.21% for GRO.TO.
GRO.TO is categorized as Diversified Portfolio, while ZGRO.TO is Global Allocation. They also come from different issuers: Franklin Templeton and BMO. Their fees differ too: 0.21% for GRO.TO and 0.18% for ZGRO.TO.
Find the right allocation for GRO.TO and ZGRO.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer