MGRW.TO vs. PRA.TO
MGRW.TO (Mackenzie Growth Allocation ETF) and PRA.TO (Purpose Diversified Real Asset Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, MGRW.TO returned 11.35%/yr vs 15.33%/yr for PRA.TO. Their 0.28 correlation means their historical movements had little consistent relationship. MGRW.TO charges 0.18%/yr vs 0.73%/yr for PRA.TO.
Performance
MGRW.TO vs. PRA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MGRW.TO achieves a 10.74% return, which is significantly lower than PRA.TO's 24.59% return.
MGRW.TO
- 1D
- 0.49%
- 1M
- -1.05%
- 6M
- 8.72%
- YTD
- 10.74%
- 1Y
- 22.91%
- 3Y*
- 18.18%
- 5Y*
- 11.35%
- 10Y*
- —
- ALL TIME*
- 12.87%
PRA.TO
- 1D
- -0.50%
- 1M
- 2.59%
- 6M
- 14.52%
- YTD
- 24.59%
- 1Y
- 38.92%
- 3Y*
- 17.34%
- 5Y*
- 15.33%
- 10Y*
- 10.34%
- ALL TIME*
- 7.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$72.01K | CA$77.36K | CA$75.63K | |
| CA$299.91K | CA$380.88K | CA$470.71K |
MGRW.TO vs. PRA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGRW.TO Mackenzie Growth Allocation ETF | 10.74% | 18.19% | 21.41% | 15.35% | -9.30% | 13.37% | 7.50% |
PRA.TO Purpose Diversified Real Asset Fund | 24.59% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 13.21% |
Correlation
The correlation between MGRW.TO and PRA.TO is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2020 | 0.28 |
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Return for Risk
MGRW.TO vs. PRA.TO — Risk / Return Rank
MGRW.TO
PRA.TO
MGRW.TO vs. PRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Growth Allocation ETF (MGRW.TO) and Purpose Diversified Real Asset Fund (PRA.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.
| MGRW.TO | PRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.52 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 6.15 | -2.91 |
| Martin ratioReturn relative to average drawdown | 12.74 | 20.11 | -7.38 |
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Drawdowns
MGRW.TO vs. PRA.TO - Drawdown Comparison
The maximum MGRW.TO drawdown since its inception was -17.20%, smaller than the maximum PRA.TO drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for MGRW.TO and PRA.TO.
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Drawdown Indicators
| MGRW.TO | PRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -34.17% | +16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -6.13% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.17% | -13.47% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -19.37% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.26% | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.57% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -7.56% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.87% | -0.17% |
Volatility
MGRW.TO vs. PRA.TO - Volatility Comparison
Mackenzie Growth Allocation ETF (MGRW.TO) and Purpose Diversified Real Asset Fund (PRA.TO) have volatilities of 2.99% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGRW.TO | PRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.87% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 8.95% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 12.64% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 13.59% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.49% | 14.45% | -3.96% |
MGRW.TO vs. PRA.TO - Expense Ratio Comparison
MGRW.TO has a 0.18% expense ratio, which is lower than PRA.TO's 0.73% expense ratio.
Dividends
MGRW.TO vs. PRA.TO - Dividend Comparison
MGRW.TO's dividend yield for the trailing twelve months is around 1.71%, less than PRA.TO's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRW.TO Mackenzie Growth Allocation ETF | 1.71% | 1.84% | 1.93% | 2.28% | 2.44% | 1.77% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRA.TO Purpose Diversified Real Asset Fund | 2.10% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.93% | 1.64% | 2.09% |
Frequently Asked Questions
MGRW.TO and PRA.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MGRW.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MGRW.TO is cheaper with a 0.18% expense ratio, compared with 0.73% for PRA.TO.
They also come from different issuers: Mackenzie and Purpose. Their fees differ too: 0.18% for MGRW.TO and 0.73% for PRA.TO.
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