Asset Allocation: XGRO's price reflects its asset allocation, which is roughly 80% equities and 20% fixed income. Changes to this allocation impact its risk and return profile.

Market Performance: As an all-in-one ETF, XGRO is susceptible to market movements. Strong equity and bond market performance will generally drive its price up.

Interest Rates: Interest rate changes heavily influence the fixed income portion of XGRO. Rising rates can negatively affect bond values, while falling rates can boost them.

Underlying Fund Performance: XGRO's price is derived from the performance of the underlying ETFs it holds. The success of these funds directly impacts XGRO's price.

Economic Conditions: Broad economic factors such as GDP growth, inflation, and unemployment can affect both equity and bond markets, indirectly impacting XGRO's value.

Currency Fluctuations: Currency movements affect the value of XGRO's foreign holdings, particularly its equity investments. A stronger Canadian dollar can reduce returns from foreign assets.

Investor Demand: Changes in investor demand for balanced ETFs like XGRO can influence its price. High demand can drive prices above net asset value, and vice versa.