This is really a question about bonds. VEQT is 100% equities. VGRO is ~80% equities and ~20% bonds. The right choice depends on your risk tolerance and time horizon, not which fund is "better."

1. Higher expected long-term returns

   VEQT

   All-equity portfolios have historically outperformed balanced portfolios over long periods (20+ years), though with more volatility along the way.

2. Lower volatility

   VGRO

   The 20% bond allocation cushions drops during market downturns. If a 30%+ portfolio drop would cause you to sell in a panic, VGRO may keep you invested.

3. Best for long time horizon (15+ years)

   VEQT

   With decades to recover from downturns, the all-equity approach historically rewards patience with higher returns.

4. Best for shorter horizon or lower risk tolerance

   VGRO

   If you're within 10-15 years of needing the money, or if market drops genuinely stress you, the bond cushion helps.

5. Lowest cost (MER)

   TIE

   Both VEQT and VGRO have the same ~0.20% effective MER after Vanguard's November 2025 fee cuts.

Editorial analysis based on publicly available fund data. Not financial advice. Your situation may differ.