VS
Manulife Growth ETF Portfolio (MGAP) and Vanguard Balanced ETF Portfolio (VBAL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MGAP focuses its top 3 sector exposures on Finance, Technology, and Industrials, while VBAL leans towards Finance, Sovereign, and Technology. When evaluating costs, MGAP features a management fee (MER) of 0.35%, compared to 0.22% for VBAL. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
MGAP
VBAL
| AuM | $22.11 M | $5,906.80 M |
| Management Fees | 0.35% | 0.22% |
| Exp. ratio | 0.35% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MGAP | +1.26% | +0.95% | - | - | - |
VBAL | -0.58% | +1.25% | +9.33% | +14.95% | +51.90% | |
| Flows | MGAP | +$3 M | +$18 M | - | - | - |
VBAL | +$122 M | +$393 M | +$1,099 M | +$1,521 M | +$2,224 M |
MGAP vs VBAL exposure
Countries
MGAP
USA
29.35%
Canada
26.95%
Other
12.32%
Other
31.39%
VBAL
Canada
40.45%
USA
33.62%
Other
25.93%
Sectors
MGAP
Finance
22.87%
Technology
15.98%
Other
12.31%
Industrials
7.98%
Energy
7.22%
Other
33.65%
VBAL
Finance
21.18%
Sovereign
16.68%
Technology
15.60%
Municipal
7.34%
Other
39.19%
As of September 3, 2026
Top 10 Holdings
MGAP
CA56503H1064
5.21%
CA56501D1078
2.94%
CA56504C1068
1.98%
NVIDIA Corp.
1.62%
Microsoft Corp.
1.12%
Apple, Inc.
1.11%
Alphabet, Inc.
0.81%
Broadcom Inc.
0.80%
Amazon.com, Inc.
0.80%
The Toronto-Dominion Bank
0.63%
VBAL
NVIDIA Corp.
1.75%
Apple, Inc.
1.72%
Royal Bank of Canada
1.53%
Microsoft Corp.
1.31%
The Toronto-Dominion Bank
1.05%
Amazon.com, Inc.
1.00%
Alphabet, Inc.
0.79%
Shopify, Inc.
0.75%
Broadcom Inc.
0.70%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.69%
Diversification
MGAP
Total weight of top 10 holdings out of 12,606 total
17.04%
VBAL
Total weight of top 10 holdings out of 33,826 total
11.27%
Characteristics
Compare
MGAP
VBAL
| Provider | Manulife Investments | Vanguard |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.09% |
| Meets ESG criteria | No | No |
| Inception Date | April 28, 2026 | February 1, 2018 |
Frequently asked questions about MGAP and VBAL
Which ETF is larger by assets under management: MGAP or VBAL?
As of September 3, 2026, MGAP manages $22.11 M in assets, while VBAL manages $5.91 B. VBAL is the larger fund by AUM.
How are MGAP and VBAL managed?
MGAP is actively managed by Manulife Investments. It does not track an index. VBAL is actively managed by Vanguard. It does not track an index.
What sectors do MGAP and VBAL emphasize?
MGAP is most exposed to Finance, Technology, and Industrials. VBAL is most exposed to Finance, Sovereign, and Technology.
How do the fees of MGAP and VBAL compare?
MGAP has an expense ratio of 0.35%, while VBAL has an expense ratio of 0.24%.
What are the top holdings of MGAP and VBAL?
MGAP's largest holdings include NVIDIA Corp. and Microsoft Corp.. VBAL's top holdings include NVIDIA Corp. and Apple, Inc..
Which ETF is more diversified: MGAP or VBAL?
MGAP holds 12112 securities, while VBAL holds 28168. On holdings count, VBAL is the more diversified portfolio.
Recent articles about MGAP and VBAL
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