VS
Vanguard Balanced ETF Portfolio (VBAL) and Vanguard Growth ETF Portfolio (VGRO) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VBAL focuses its top 3 sector exposures on Finance, Sovereign, and Technology, while VGRO leans towards Finance, Technology, and Industrials. When evaluating costs, VBAL features a management fee (MER) of 0.22%, compared to 0.22% for VGRO. Performance-wise, VBAL has returned 7.98% year-to-date with +$1 B in net flows, whereas VGRO is at 11.28% with +$1 B. 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
VBAL
VGRO
| AuM | $5,855.59 M | $10,791.57 M |
| Management Fees | 0.22% | 0.22% |
| Exp. ratio | 0.24% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VBAL | -1.86% | -0.87% | +7.98% | +11.05% | +50.09% |
VGRO | -1.99% | -0.29% | +11.28% | +15.62% | +65.36% | |
| Flows | VBAL | +$100 M | +$356 M | +$1,121 M | +$1,515 M | +$2,239 M |
VGRO | +$148 M | +$471 M | +$1,448 M | +$1,812 M | +$3,608 M |
VBAL vs VGRO exposure
Countries
VBAL
Canada
40.49%
USA
33.91%
Other
25.59%
VGRO
USA
39.45%
Canada
34.64%
Other
25.91%
Sectors
VBAL
Finance
21.18%
Sovereign
16.68%
Technology
15.59%
Municipal
7.34%
Other
39.20%
VGRO
Finance
23.54%
Technology
20.42%
Industrials
8.31%
Sovereign
7.92%
Other
39.82%
As of September 14, 2026
Top 10 Holdings
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%
VGRO
NVIDIA Corp.
2.34%
Apple, Inc.
2.30%
Royal Bank of Canada
2.03%
Microsoft Corp.
1.75%
The Toronto-Dominion Bank
1.39%
Amazon.com, Inc.
1.33%
Alphabet, Inc.
1.06%
Shopify, Inc.
0.99%
Broadcom Inc.
0.93%
Bank of Montreal
0.88%
Diversification
VBAL
Total weight of top 10 holdings out of 33,826 total
11.27%
VGRO
Total weight of top 10 holdings out of 33,339 total
15.00%
Characteristics
Compare
VBAL
VGRO
| Provider | Vanguard | 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 | 2.12% | 1.75% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2018 | February 1, 2018 |
Frequently asked questions about VBAL and VGRO
Which ETF has performed better year to date: VBAL or VGRO?
As of September 14, 2026, VBAL has returned 7.98% year to date, while VGRO has returned 11.28%. VGRO is ahead on YTD performance.
Which ETF is larger by assets under management: VBAL or VGRO?
As of September 14, 2026, VBAL manages $5.86 B in assets, while VGRO manages $10.79 B. VGRO is the larger fund by AUM.
How are VBAL and VGRO managed?
VBAL is actively managed by Vanguard. It does not track an index. VGRO is actively managed by Vanguard. It does not track an index.
What sectors do VBAL and VGRO emphasize?
VBAL is most exposed to Finance, Sovereign, and Technology. VGRO is most exposed to Finance, Technology, and Industrials.
Which ETF is attracting more investor flows: VBAL or VGRO?
Year to date, VBAL has seen +$1,120.50 M in net flows, compared with +$1,447.52 M for VGRO. VGRO has attracted more net investor money so far.
How do the fees of VBAL and VGRO compare?
VBAL has an expense ratio of 0.24%, while VGRO has an expense ratio of 0.24%.
What are the top holdings of VBAL and VGRO?
VBAL's largest holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada. VGRO's top holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada.
Which ETF is more diversified: VBAL or VGRO?
VBAL holds 28294 securities, while VGRO holds 28244. On holdings count, VBAL is the more diversified portfolio.
Recent articles about VBAL and VGRO
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