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

XTR.TO vs. MGRW.TO

Last updated Jun 4, 2026

XTR.TO (iShares Diversified Monthly Income ETF) and MGRW.TO (Mackenzie Growth Allocation ETF) are both Diversified Portfolio funds. XTR.TO is passively managed, while MGRW.TO is actively managed. Over the past 5 years, XTR.TO returned 6.00%/yr vs 12.14%/yr for MGRW.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

XTR.TO vs. MGRW.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, XTR.TO achieves a 6.55% return, which is significantly lower than MGRW.TO's 9.90% return.

XTR.TO

1D
0.16%
1M
2.50%
YTD
6.55%
6M
6.45%
1Y
13.02%
3Y*
10.98%
5Y*
6.00%
10Y*
5.99%

MGRW.TO

1D
0.05%
1M
4.67%
YTD
9.90%
6M
10.22%
1Y
25.89%
3Y*
19.61%
5Y*
12.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
XTR.TO
iShares Diversified Monthly Income ETF		6.55%8.54%12.80%4.95%-4.48%10.17%5.94%
MGRW.TO
Mackenzie Growth Allocation ETF		9.90%18.19%21.41%15.35%-9.30%13.37%7.50%

Correlation

The correlation between XTR.TO and MGRW.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2020

0.35

Compare stocks, funds, or ETFs

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

iShares Diversified Monthly Income ETF

Mackenzie Growth Allocation ETF

Often compared with XTR.TO:
XTR.TO vs. FIE.TOXTR.TO vs. ZMI.TOXTR.TO vs. XDIV.TOXTR.TO vs. XCNS.TOXTR.TO vs. XEQT.TOXTR.TO vs. XEI.TOXTR.TO vs. VRIF.TO
Often compared with MGRW.TO:
MGRW.TO vs. MAAA.TOMGRW.TO vs. PYF.TOMGRW.TO vs. QDXH.TOMGRW.TO vs. VGRO.TOMGRW.TO vs. QTIP.NEOMGRW.TO vs. TGRO.TOMGRW.TO vs. WSHR.NEO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XTR.TO
XTR.TO Risk / Return Rank: 8585
Overall Rank
XTR.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XTR.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
XTR.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XTR.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XTR.TO Martin Ratio Rank: 8484
Martin Ratio Rank
MGRW.TO
MGRW.TO Risk / Return Rank: 8383
Overall Rank
MGRW.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
MGRW.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
MGRW.TO Omega Ratio Rank: 8989
Omega Ratio Rank
MGRW.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
MGRW.TO Martin Ratio Rank: 8181
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.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.

XTR.TOMGRW.TODifference
Sharpe ratioReturn per unit of total volatility
2.85
2.64

+0.21

Sortino ratioReturn per unit of downside risk
4.22
3.96

+0.26

Omega ratioGain probability vs. loss probability

1.58

1.56

+0.02

Calmar ratioReturn relative to maximum drawdown

3.97

3.87

+0.10

Martin ratioReturn relative to average drawdown

17.48

15.91

+1.57

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

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

The current XTR.TO Sharpe Ratio is 2.85, which is comparable to the MGRW.TO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of XTR.TO and MGRW.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XTR.TOMGRW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

2.64

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

1.14

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

1.25

-0.86

Drawdowns

XTR.TO vs. MGRW.TO - Drawdown Comparison

The maximum XTR.TO drawdown since its inception was -51.42%, which is greater than MGRW.TO's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for XTR.TO and MGRW.TO.

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Drawdown Indicators

XTR.TOMGRW.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.42%

-17.20%

-34.22%

Max Drawdown (1Y)

Largest decline over 1 year

-3.29%

-6.72%

+3.43%

Max Drawdown (3Y)

Largest decline over 3 years

-6.06%

-12.17%

+6.11%

Max Drawdown (5Y)

Largest decline over 5 years

-9.74%

-17.20%

+7.46%

Max Drawdown (10Y)

Largest decline over 10 years

-25.92%

—

—

Current Drawdown

Current decline from peak

-0.16%

0.00%

-0.16%

Average Drawdown

Average peak-to-trough decline

-4.96%

-3.37%

-1.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.75%

1.63%

-0.88%

Volatility

XTR.TO vs. MGRW.TO - Volatility Comparison

The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.60%, while Mackenzie Growth Allocation ETF (MGRW.TO) has a volatility of 3.39%. This indicates that XTR.TO 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

XTR.TOMGRW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.60%

3.39%

-1.79%

Volatility (6M)

Calculated over the trailing 6-month period

3.75%

8.09%

-4.34%

Volatility (1Y)

Calculated over the trailing 1-year period

4.59%

9.87%

-5.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.27%

10.68%

-4.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.33%

10.49%

-2.16%

Dividends

XTR.TO vs. MGRW.TO - Dividend Comparison

XTR.TO's dividend yield for the trailing twelve months is around 3.92%, more than MGRW.TO's 1.73% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XTR.TO
iShares Diversified Monthly Income ETF		3.92%4.10%4.27%4.61%4.62%4.21%5.56%5.38%5.75%5.24%5.30%6.81%

Frequently Asked Questions

XTR.TO and MGRW.TO have a correlation of 0.42, 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: iShares and Mackenzie.

Portfolio Optimizer

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