MGRW.TO vs. XGRO.TO
MGRW.TO (Mackenzie Growth Allocation ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, MGRW.TO returned 12.14%/yr vs 10.83%/yr for XGRO.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
MGRW.TO vs. XGRO.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MGRW.TO having a 9.90% return and XGRO.TO slightly higher at 10.38%.
MGRW.TO
- 1D
- 0.05%
- 1M
- 4.67%
- YTD
- 9.90%
- 6M
- 10.22%
- 1Y
- 25.89%
- 3Y*
- 19.61%
- 5Y*
- 12.14%
- 10Y*
- —
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
MGRW.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGRW.TO Mackenzie Growth Allocation ETF | 9.90% | 18.19% | 21.41% | 15.35% | -9.30% | 13.37% | 7.50% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 7.83% |
Correlation
The correlation between MGRW.TO and XGRO.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.46 |
The correlation between MGRW.TO and XGRO.TO shifts across timeframes, from 0.46 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MGRW.TO vs. XGRO.TO — Risk / Return Rank
MGRW.TO
XGRO.TO
MGRW.TO vs. XGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Growth Allocation ETF (MGRW.TO) and iShares Core Growth ETF Portfolio (XGRO.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.
| MGRW.TO | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.30 | +0.57 |
| Martin ratioReturn relative to average drawdown | 15.91 | 14.67 | +1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGRW.TO | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.18 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.99 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.35 | +0.90 |
Drawdowns
MGRW.TO vs. XGRO.TO - Drawdown Comparison
The maximum MGRW.TO drawdown since its inception was -17.20%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for MGRW.TO and XGRO.TO.
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Drawdown Indicators
| MGRW.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -47.97% | +30.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -7.12% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.17% | -12.47% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -18.40% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.85% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -8.49% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.60% | +0.03% |
Volatility
MGRW.TO vs. XGRO.TO - Volatility Comparison
Mackenzie Growth Allocation ETF (MGRW.TO) and iShares Core Growth ETF Portfolio (XGRO.TO) have volatilities of 3.39% and 3.43%, 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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.43% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 9.19% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 10.78% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.68% | 11.05% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.49% | 12.26% | -1.77% |
Dividends
MGRW.TO vs. XGRO.TO - Dividend Comparison
MGRW.TO's dividend yield for the trailing twelve months is around 1.73%, less than XGRO.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRW.TO Mackenzie Growth Allocation ETF | 1.73% | 1.84% | 1.93% | 2.28% | 2.44% | 1.77% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
MGRW.TO and XGRO.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Mackenzie and iShares.
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