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QQQQ.TO vs. MGRW.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQQQ.TO vs. MGRW.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Mackenzie Growth Allocation ETF (MGRW.TO).

QQQQ.TO and MGRW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQQ.TO is a passively managed fund by Mackenzie that tracks the performance of the NASDAQ-100 Index. It was launched on Aug 19, 2025. MGRW.TO is an actively managed fund by Mackenzie. It was launched on Sep 29, 2020.

Performance

QQQQ.TO vs. MGRW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Mackenzie Growth Allocation ETF (MGRW.TO). The values are adjusted to include any dividend payments, if applicable.

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QQQQ.TO vs. MGRW.TO - Yearly Performance Comparison

2026 (YTD)2025
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF		-6.15%7.64%
MGRW.TO
Mackenzie Growth Allocation ETF		0.93%6.81%

Returns By Period

In the year-to-date period, QQQQ.TO achieves a -6.15% return, which is significantly lower than MGRW.TO's 0.93% return.

QQQQ.TO

1D
2.02%
1M
-4.24%
YTD
-6.15%
6M
-4.89%
1Y
—
3Y*
—
5Y*
—
10Y*
—

MGRW.TO

1D
3.33%
1M
-3.05%
YTD
0.93%
6M
3.87%
1Y
18.96%
3Y*
16.44%
5Y*
10.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Mackenzie NASDAQ 100 Index ETF

Mackenzie Growth Allocation ETF

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Often compared with MGRW.TO:
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QQQQ.TO vs. MGRW.TO - Expense Ratio Comparison

QQQQ.TO
Mackenzie NASDAQ 100 Index ETF

Return for Risk

QQQQ.TO vs. MGRW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQQ.TO
MGRW.TO
MGRW.TO Risk / Return Rank: 7777
Overall Rank
MGRW.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
MGRW.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
MGRW.TO Omega Ratio Rank: 8484
Omega Ratio Rank
MGRW.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
MGRW.TO Martin Ratio Rank: 7272
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.

QQQQ.TO vs. MGRW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie NASDAQ 100 Index ETF (QQQQ.TO) and Mackenzie Growth Allocation ETF (MGRW.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQQ.TO vs. MGRW.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QQQQ.TOMGRW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.64

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.02

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

1.13

-1.01

Correlation

The correlation between QQQQ.TO and MGRW.TO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQQQ.TO vs. MGRW.TO - Dividend Comparison

QQQQ.TO's dividend yield for the trailing twelve months is around 0.12%, less than MGRW.TO's 1.88% yield.

TTM202520242023202220212020
QQQQ.TO
Mackenzie NASDAQ 100 Index ETF		0.12%0.11%0.00%0.00%0.00%0.00%0.00%
MGRW.TO
Mackenzie Growth Allocation ETF		1.88%1.84%1.93%2.28%2.44%1.77%0.79%

Drawdowns

QQQQ.TO vs. MGRW.TO - Drawdown Comparison

The maximum QQQQ.TO drawdown since its inception was -11.95%, smaller than the maximum MGRW.TO drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for QQQQ.TO and MGRW.TO.

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Drawdown Indicators

QQQQ.TOMGRW.TODifference

Max Drawdown

Largest peak-to-trough decline

-11.95%

-17.20%

+5.25%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.38%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.20%

—

Current Drawdown

Current decline from peak

-10.17%

-3.49%

-6.68%

Average Drawdown

Average peak-to-trough decline

-3.94%

-3.45%

-0.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.18%

—

Volatility

QQQQ.TO vs. MGRW.TO - Volatility Comparison

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Volatility by Period

QQQQ.TOMGRW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.79%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.79%

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.52%

11.59%

+4.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.52%

10.54%

+5.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.52%

10.46%

+6.06%