QTIP.NEO vs. MGRW.TO
Compare and contrast key facts about Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) and Mackenzie Growth Allocation ETF (MGRW.TO).
QTIP.NEO 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. QTIP.NEO is a passively managed fund by Mackenzie that tracks the performance of the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index. It was launched on Jan 24, 2018. MGRW.TO is an actively managed fund by Mackenzie. It was launched on Sep 29, 2020.
Performance
QTIP.NEO vs. MGRW.TO - Performance Comparison
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QTIP.NEO vs. MGRW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QTIP.NEO Mackenzie US TIPS Index ETF (CAD-Hedged) | 0.21% | 4.82% | 0.82% | 3.50% | -12.98% | 6.05% | 1.18% |
MGRW.TO Mackenzie Growth Allocation ETF | 0.93% | 18.19% | 21.41% | 15.35% | -9.30% | 13.37% | 7.50% |
Returns By Period
In the year-to-date period, QTIP.NEO achieves a 0.21% return, which is significantly lower than MGRW.TO's 0.93% return.
QTIP.NEO
- 1D
- -0.07%
- 1M
- -1.38%
- YTD
- 0.21%
- 6M
- -0.67%
- 1Y
- 1.04%
- 3Y*
- 1.86%
- 5Y*
- 0.53%
- 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*
- —
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QTIP.NEO vs. MGRW.TO - Expense Ratio Comparison
Return for Risk
QTIP.NEO vs. MGRW.TO — Risk / Return Rank
QTIP.NEO
MGRW.TO
QTIP.NEO vs. MGRW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) 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.
| QTIP.NEO | MGRW.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 1.64 | -1.39 |
Sortino ratioReturn per unit of downside risk | 0.37 | 2.29 | -1.92 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.00 | -1.54 |
Martin ratioReturn relative to average drawdown | 1.12 | 8.61 | -7.50 |
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
| QTIP.NEO | MGRW.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.64 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 1.02 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.13 | -0.80 |
Correlation
The correlation between QTIP.NEO and MGRW.TO is 0.10, 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
QTIP.NEO vs. MGRW.TO - Dividend Comparison
QTIP.NEO's dividend yield for the trailing twelve months is around 4.16%, more than MGRW.TO's 1.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QTIP.NEO Mackenzie US TIPS Index ETF (CAD-Hedged) | 4.16% | 4.54% | 4.53% | 5.08% | 9.47% | 5.24% | 2.17% | 2.29% | 2.91% |
MGRW.TO Mackenzie Growth Allocation ETF | 1.88% | 1.84% | 1.93% | 2.28% | 2.44% | 1.77% | 0.79% | 0.00% | 0.00% |
Drawdowns
QTIP.NEO vs. MGRW.TO - Drawdown Comparison
The maximum QTIP.NEO drawdown since its inception was -15.03%, smaller than the maximum MGRW.TO drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for QTIP.NEO and MGRW.TO.
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Drawdown Indicators
| QTIP.NEO | MGRW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -17.20% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -9.38% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.03% | -17.20% | +2.17% |
Current DrawdownCurrent decline from peak | -4.71% | -3.49% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -3.45% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.18% | -1.09% |
Volatility
QTIP.NEO vs. MGRW.TO - Volatility Comparison
The current volatility for Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) is 1.34%, while Mackenzie Growth Allocation ETF (MGRW.TO) has a volatility of 4.79%. This indicates that QTIP.NEO experiences smaller price fluctuations and is considered to be less risky than MGRW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTIP.NEO | MGRW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 4.79% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 7.79% | -5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 11.59% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 10.54% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 10.46% | -4.10% |