VGRO is Vanguard Canada's 80% equity / 20% bond one-ticket. 0.24% MER. Same allocation strategy as iShares' XGRO at a slightly higher fee — but compensated by Vanguard's slightly broader underlying lineup (7 funds vs XGRO's 5) and a 25-year track record as the world's largest indexer.
★ The Vanguard one-ticket ladder lets you progressively de-risk as you age by switching ETFs — without selling the underlying assets at unfavorable timing.
VGRO is functionally identical to XGRO and ZGRO at a 0.04% MER premium. For Vanguard loyalists who hold VFV, VCN, or VEQT separately, VGRO keeps everything within one fund family for cleaner tax reporting and rebalancing. Otherwise, XGRO wins on MER and ZGRO wins on commissions at BMO IL.