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ZGRO.TO vs. FGRO.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZGRO.TO vs. FGRO.NEO

Last updated Jun 4, 2026

ZGRO.TO (BMO Growth ETF) and FGRO.NEO (Fidelity All-in-One Growth ETF) are both exchange-traded funds - ZGRO.TO is a Large Cap Growth Equities fund actively managed by BMO, while FGRO.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, ZGRO.TO returned 11.51%/yr vs 14.57%/yr for FGRO.NEO. Their correlation of 0.84 suggests significant overlap in exposure. ZGRO.TO charges 0.18%/yr vs 0.42%/yr for FGRO.NEO.

Performance

ZGRO.TO vs. FGRO.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Growth ETF (ZGRO.TO) and Fidelity All-in-One Growth ETF (FGRO.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZGRO.TO achieves a 10.53% return, which is significantly higher than FGRO.NEO's 8.81% return.

ZGRO.TO

1D
-0.41%
1M
5.37%
YTD
10.53%
6M
10.31%
1Y
25.76%
3Y*
18.49%
5Y*
11.51%
10Y*
—

FGRO.NEO

1D
-0.37%
1M
3.27%
YTD
8.81%
6M
9.01%
1Y
21.34%
3Y*
20.93%
5Y*
14.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZGRO.TO vs. FGRO.NEO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ZGRO.TO
BMO Growth ETF		10.53%16.39%20.71%14.64%-10.58%12.57%
FGRO.NEO
Fidelity All-in-One Growth ETF		8.81%17.00%25.97%16.92%-6.29%16.51%

Correlation

The correlation between ZGRO.TO and FGRO.NEO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.80

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

0.86

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

0.84

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2021

0.84

The correlation between ZGRO.TO and FGRO.NEO has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

ZGRO.TO vs. FGRO.NEO - Sectors Allocation Comparison

Sectors
ZGRO.TO
FGRO.NEO

Technology

22.2%
20.6%

Financial Services

19.8%
22.2%

Industrials

11.2%
11.3%

Consumer Cyclical

8.3%
7.7%

Energy

8.0%
4.4%

Basic Materials

7.2%
9.7%

Healthcare

6.9%
4.4%

Communication Services

6.7%
4.8%

Consumer Defensive

4.9%
5.5%

Utilities

3.0%
4.6%

Real Estate

2.0%
4.7%

Technology

ZGRO.TO
22.2%
FGRO.NEO
20.6%

Financial Services

ZGRO.TO
19.8%
FGRO.NEO
22.2%

Industrials

ZGRO.TO
11.2%
FGRO.NEO
11.3%

Consumer Cyclical

ZGRO.TO
8.3%
FGRO.NEO
7.7%

Energy

ZGRO.TO
8.0%
FGRO.NEO
4.4%

Basic Materials

ZGRO.TO
7.2%
FGRO.NEO
9.7%

Healthcare

ZGRO.TO
6.9%
FGRO.NEO
4.4%

Communication Services

ZGRO.TO
6.7%
FGRO.NEO
4.8%

Consumer Defensive

ZGRO.TO
4.9%
FGRO.NEO
5.5%

Utilities

ZGRO.TO
3.0%
FGRO.NEO
4.6%

Real Estate

ZGRO.TO
2.0%
FGRO.NEO
4.7%

Compare stocks, funds, or ETFs

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

BMO Growth ETF

Fidelity All-in-One Growth ETF

Often compared with ZGRO.TO:
ZGRO.TO vs. VGRO.TOZGRO.TO vs. XGRO.TOZGRO.TO vs. TGRO.TOZGRO.TO vs. XEQT.TOZGRO.TO vs. VFV.TOZGRO.TO vs. ZBAL.TOZGRO.TO vs. XDIV.TO
Often compared with FGRO.NEO:
FGRO.NEO vs. VGRO.TOFGRO.NEO vs. XGRO.TOFGRO.NEO vs. FBAL.NEOFGRO.NEO vs. VEQT.TOFGRO.NEO vs. FGROFGRO.NEO vs. VFV.TOFGRO.NEO vs. TGRO.TO

Return for Risk

ZGRO.TO vs. FGRO.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZGRO.TO
ZGRO.TO Risk / Return Rank: 7373
Overall Rank
ZGRO.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZGRO.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
ZGRO.TO Omega Ratio Rank: 7272
Omega Ratio Rank
ZGRO.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
ZGRO.TO Martin Ratio Rank: 7878
Martin Ratio Rank
FGRO.NEO
FGRO.NEO Risk / Return Rank: 6565
Overall Rank
FGRO.NEO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
FGRO.NEO Sortino Ratio Rank: 6868
Sortino Ratio Rank
FGRO.NEO Omega Ratio Rank: 6868
Omega Ratio Rank
FGRO.NEO Calmar Ratio Rank: 5757
Calmar Ratio Rank
FGRO.NEO Martin Ratio Rank: 6666
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.

ZGRO.TO vs. FGRO.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Growth ETF (ZGRO.TO) and Fidelity All-in-One Growth ETF (FGRO.NEO). 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.

ZGRO.TOFGRO.NEODifference
Sharpe ratioReturn per unit of total volatility
2.39
2.22

+0.17

Sortino ratioReturn per unit of downside risk
3.32
3.14

+0.19

Omega ratioGain probability vs. loss probability

1.44

1.42

+0.02

Calmar ratioReturn relative to maximum drawdown

3.76

2.84

+0.92

Martin ratioReturn relative to average drawdown

15.21

12.13

+3.07

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

ZGRO.TO vs. FGRO.NEO - Sharpe Ratio Comparison

The current ZGRO.TO Sharpe Ratio is 2.39, which is comparable to the FGRO.NEO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ZGRO.TO and FGRO.NEO, 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

ZGRO.TOFGRO.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

2.22

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.08

1.38

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

1.37

-0.46

Drawdowns

ZGRO.TO vs. FGRO.NEO - Drawdown Comparison

The maximum ZGRO.TO drawdown since its inception was -24.64%, which is greater than FGRO.NEO's maximum drawdown of -15.23%. Use the drawdown chart below to compare losses from any high point for ZGRO.TO and FGRO.NEO.

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Drawdown Indicators

ZGRO.TOFGRO.NEODifference

Max Drawdown

Largest peak-to-trough decline

-24.64%

-15.23%

-9.41%

Max Drawdown (1Y)

Largest decline over 1 year

-6.87%

-7.54%

+0.67%

Max Drawdown (3Y)

Largest decline over 3 years

-12.45%

-11.45%

-1.00%

Max Drawdown (5Y)

Largest decline over 5 years

-17.19%

-15.23%

-1.96%

Current Drawdown

Current decline from peak

-0.41%

-0.90%

+0.49%

Average Drawdown

Average peak-to-trough decline

-3.38%

-2.53%

-0.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.70%

1.76%

-0.06%

Volatility

ZGRO.TO vs. FGRO.NEO - Volatility Comparison

BMO Growth ETF (ZGRO.TO) has a higher volatility of 4.11% compared to Fidelity All-in-One Growth ETF (FGRO.NEO) at 3.56%. This indicates that ZGRO.TO's price experiences larger fluctuations and is considered to be riskier than FGRO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZGRO.TOFGRO.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.11%

3.56%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

9.00%

7.75%

+1.25%

Volatility (1Y)

Calculated over the trailing 1-year period

10.81%

9.65%

+1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.76%

10.59%

+0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

10.47%

+2.52%

ZGRO.TO vs. FGRO.NEO - Expense Ratio Comparison

ZGRO.TO has a 0.18% expense ratio, which is lower than FGRO.NEO's 0.42% expense ratio.

Dividends

ZGRO.TO vs. FGRO.NEO - Dividend Comparison

ZGRO.TO's dividend yield for the trailing twelve months is around 1.48%, more than FGRO.NEO's 1.14% yield.

PositionTTM2025202420232022202120202019
FGRO.NEO
Fidelity All-in-One Growth ETF		1.14%1.24%1.09%1.39%4.58%0.94%0.00%0.00%
ZGRO.TO
BMO Growth ETF		1.48%1.70%1.92%2.27%2.54%2.22%2.49%2.32%

Frequently Asked Questions

ZGRO.TO and FGRO.NEO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZGRO.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZGRO.TO is cheaper with a 0.18% expense ratio, compared with 0.42% for FGRO.NEO.

ZGRO.TO is categorized as Large Cap Growth Equities, while FGRO.NEO is Diversified Portfolio. They also come from different issuers: BMO and Fidelity. Their fees differ too: 0.18% for ZGRO.TO and 0.42% for FGRO.NEO.

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