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VGRO.TO vs. ZGRO.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VGRO.TO vs. ZGRO.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Growth ETF Portfolio (VGRO.TO) and BMO Growth ETF (ZGRO.TO).

VGRO.TO and ZGRO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGRO.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018. ZGRO.TO is an actively managed fund by BMO. It was launched on Feb 11, 2019.

Performance

VGRO.TO vs. ZGRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Growth ETF Portfolio (VGRO.TO) and BMO Growth ETF (ZGRO.TO). The values are adjusted to include any dividend payments, if applicable.

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VGRO.TO vs. ZGRO.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VGRO.TO
Vanguard Growth ETF Portfolio		0.44%16.95%19.29%14.81%-11.19%14.80%10.87%10.36%
ZGRO.TO
BMO Growth ETF		0.36%16.39%20.71%14.64%-10.58%14.99%10.81%10.83%

Returns By Period

In the year-to-date period, VGRO.TO achieves a 0.44% return, which is significantly higher than ZGRO.TO's 0.36% return.

VGRO.TO

1D
2.30%
1M
-3.99%
YTD
0.44%
6M
2.80%
1Y
17.40%
3Y*
15.06%
5Y*
9.48%
10Y*
—

ZGRO.TO

1D
1.16%
1M
-4.08%
YTD
0.36%
6M
2.70%
1Y
16.64%
3Y*
15.19%
5Y*
9.89%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Growth ETF Portfolio

BMO Growth ETF

Often compared with VGRO.TO:
VGRO.TO vs. VEQT.TOVGRO.TO vs. XEQT.TOVGRO.TO vs. VBAL.TOVGRO.TO vs. XGRO.TOVGRO.TO vs. VDY.TOVGRO.TO vs. TGRO.TOVGRO.TO vs. VOO
Often compared with ZGRO.TO:
ZGRO.TO vs. XGRO.TOZGRO.TO vs. TGRO.TOZGRO.TO vs. XEQT.TOZGRO.TO vs. VFV.TOZGRO.TO vs. ZBAL.TOZGRO.TO vs. XDIV.TOZGRO.TO vs. ZDY.TO

VGRO.TO vs. ZGRO.TO - Expense Ratio Comparison

VGRO.TO has a 0.24% 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%.

VGRO.TO
Vanguard Growth ETF Portfolio
ZGRO.TO
BMO Growth ETF

Return for Risk

VGRO.TO vs. ZGRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VGRO.TO
VGRO.TO Risk / Return Rank: 7878
Overall Rank
VGRO.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VGRO.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
VGRO.TO Omega Ratio Rank: 7979
Omega Ratio Rank
VGRO.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
VGRO.TO Martin Ratio Rank: 8080
Martin Ratio Rank
ZGRO.TO
ZGRO.TO Risk / Return Rank: 7272
Overall Rank
ZGRO.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZGRO.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZGRO.TO Omega Ratio Rank: 7171
Omega Ratio Rank
ZGRO.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
ZGRO.TO Martin Ratio Rank: 7575
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.

VGRO.TO vs. ZGRO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth ETF Portfolio (VGRO.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.

VGRO.TOZGRO.TODifference

Sharpe ratio

Return per unit of total volatility

1.35

1.24

+0.12

Sortino ratio

Return per unit of downside risk

1.87

1.73

+0.14

Omega ratio

Gain probability vs. loss probability

1.29

1.25

+0.04

Calmar ratio

Return relative to maximum drawdown

1.87

1.76

+0.11

Martin ratio

Return relative to average drawdown

8.16

7.43

+0.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGRO.TO vs. ZGRO.TO - Sharpe Ratio Comparison

The current VGRO.TO Sharpe Ratio is 1.35, which is comparable to the ZGRO.TO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of VGRO.TO and ZGRO.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VGRO.TOZGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

1.24

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.94

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.82

-0.08

Correlation

The correlation between VGRO.TO and ZGRO.TO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VGRO.TO vs. ZGRO.TO - Dividend Comparison

VGRO.TO's dividend yield for the trailing twelve months is around 1.88%, more than ZGRO.TO's 1.63% yield.

TTM20252024202320222021202020192018
VGRO.TO
Vanguard Growth ETF Portfolio		1.88%1.88%2.02%2.15%2.16%1.81%1.78%2.19%2.10%
ZGRO.TO
BMO Growth ETF		1.63%1.70%1.92%2.27%2.54%2.22%2.49%2.32%0.00%

Drawdowns

VGRO.TO vs. ZGRO.TO - Drawdown Comparison

The maximum VGRO.TO drawdown since its inception was -25.36%, roughly equal to the maximum ZGRO.TO drawdown of -24.64%. Use the drawdown chart below to compare losses from any high point for VGRO.TO and ZGRO.TO.

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Drawdown Indicators

VGRO.TOZGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.36%

-24.64%

-0.72%

Max Drawdown (1Y)

Largest decline over 1 year

-9.70%

-9.83%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-17.38%

-17.19%

-0.19%

Current Drawdown

Current decline from peak

-4.41%

-4.35%

-0.06%

Average Drawdown

Average peak-to-trough decline

-3.46%

-3.43%

-0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

2.32%

-0.10%

Volatility

VGRO.TO vs. ZGRO.TO - Volatility Comparison

The current volatility for Vanguard Growth ETF Portfolio (VGRO.TO) is 5.03%, while BMO Growth ETF (ZGRO.TO) has a volatility of 5.60%. This indicates that VGRO.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.

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Volatility by Period

VGRO.TOZGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.03%

5.60%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

7.75%

8.71%

-0.96%

Volatility (1Y)

Calculated over the trailing 1-year period

12.92%

13.50%

-0.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.54%

10.62%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.57%

13.00%

-0.43%