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Vanguard S&P 500 Index ETF (VFV.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 4, 2026

The Vanguard S&P 500 Index ETF aims to mirror the performance of a U.S. equity index that represents large-cap stocks by investing in U.S. company stocks.

Vanguard S&P 500 Index ETF (VFV.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with VFV.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to VFV.TO

VFV.TO charges 0.09% annually. There is 1 ETF in the S&P 500 category with a lower expense ratio, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023VFV.TO vs USCL.TO
VSP.TO
Vanguard S&P 500 CAD-hedged ETF0.09%6.15BNov 2012VFV.TO vs VSP.TO
ZUE.TO
BMO S&P 500 (CAD Hedged)0.09%4.59BMay 2009VFV.TO vs ZUE.TO
ZSP-U.TO
BMO S&P 500 Index ETF (USD)0.09%—Nov 2012VFV.TO vs ZSP-U.TO
XUS-U.TO
iShares Core S&P 500 Index ETF0.09%—Oct 2019VFV.TO vs XUS-U.TO

Best Risk-Adjusted Alternatives to VFV.TO

VFV.TO has a PortfoliosLab risk / return rank of 74. There are 4 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 81.

SymbolNameRisk / Return RankAUMInception
USSL.TO
Global X Enhanced S&P 500 Index ETF
81
10.16MMay 2024VFV.TO vs USSL.TO
USCC.TO
Global X S&P 500 Covered Call ETF
80
400.59MSep 2011VFV.TO vs USCC.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF
75
249.48MJul 2023VFV.TO vs USCL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
75
—Jul 2024VFV.TO vs XUSC.TO
XUS.TO
iShares Core S&P 500 Index ETF
73
12.60BApr 2013VFV.TO vs XUS.TO

Top Performing VFV.TO Alternatives (YTD)

VFV.TO is at 12.30% YTD. There are 2 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.51%.

SymbolNameYTD ReturnAUMInception
USSL.TO
Global X Enhanced S&P 500 Index ETF
14.51%
10.16MMay 2024VFV.TO vs USSL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
12.69%
—Jul 2024VFV.TO vs XUSC.TO
XUS.TO
iShares Core S&P 500 Index ETF
12.21%
12.60BApr 2013VFV.TO vs XUS.TO
ZSP.TO
BMO S&P 500 Index ETF
12.15%
23.82BNov 2012VFV.TO vs ZSP.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETF
11.99%
6.67BNov 2010VFV.TO vs HXS.TO

Lowest Volatility Alternatives to VFV.TO

VFV.TO has 11.46% 1-year volatility. There are 2 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.08%.

SymbolNameVolatility 1YAUMInception
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF9.08%155.19MNov 2025VFV.TO vs EQLI.TO
USCC.TO
Global X S&P 500 Covered Call ETF9.32%400.59MSep 2011VFV.TO vs USCC.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)11.46%—Jul 2024VFV.TO vs XUSC.TO
ZSP.TO
BMO S&P 500 Index ETF11.53%23.82BNov 2012VFV.TO vs ZSP.TO
XUS.TO
iShares Core S&P 500 Index ETF11.58%12.60BApr 2013VFV.TO vs XUS.TO

Lowest Drawdown Alternatives to VFV.TO

VFV.TO has a 1-year max drawdown of -8.62%. There are 6 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -5.45%.

SymbolNameMax Drawdown 1YAUMInception
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF
-5.45%
155.19MNov 2025VFV.TO vs EQLI.TO
USCC.TO
Global X S&P 500 Covered Call ETF
-6.71%
400.59MSep 2011VFV.TO vs USCC.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD
-6.73%
1.66BMay 2018VFV.TO vs EQL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
-7.60%
—Jul 2024VFV.TO vs XUSC.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF
-8.56%
249.48MJul 2023VFV.TO vs USCL.TO

Other ETFs from Vanguard

The 10 most viewed Vanguard ETFs shown here include VDY.TO, VEQT.TO, VGRO.TO and span 7 categories. AUM among these funds goes as high as $18B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
20.59%
7.99BNov 2012VFV.TO vs VDY.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
81
12.75%
14.70BJan 2019VFV.TO vs VEQT.TO
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
76
10.34%
10.14BJan 2018VFV.TO vs VGRO.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
77
10.48%
15.96BAug 2013VFV.TO vs VCN.TO
VBAL.TO
Vanguard Balanced ETF PortfolioDiversified Portfolio
68
8.13%
5.44BJan 2018VFV.TO vs VBAL.TO
VIU.TO
Vanguard FTSE Developed All Cap ex North America I...International Equity
62
16.73%
10.65BDec 2015VFV.TO vs VIU.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
72
10.03%
3.48BNov 2011VFV.TO vs VCE.TO
VIDY.TO
Vanguard FTSE Developed ex North America High Divi...Foreign Large Cap Equities, Dividend
59
10.45%
1.90BAug 2018VFV.TO vs VIDY.TO
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETFGlobal Equities
75
13.63%
3.45BJun 2014VFV.TO vs VXC.TO
VUN.TO
Vanguard U.S. Total Market Index ETFLarge Cap Blend Equities
72
12.43%
18.15BAug 2013VFV.TO vs VUN.TO

Often Compared With VFV.TO

Investors most often compare VFV.TO with XEQT.TO, VOO, QQC.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
75
12.29%
18.41BAug 2019VFV.TO vs XEQT.TO
VOO
Vanguard S&P 500 ETFS&P 500
70
10.91%
1.60TSep 2010VFV.TO vs VOO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
76
22.65%
1.96BMay 2021VFV.TO vs QQC.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
66
19.81%
5.56BMay 2011VFV.TO vs XQQ.TO
SPY
State Street SPDR S&P 500 ETFS&P 500
70
10.91%
781.00BJan 1993VFV.TO vs SPY
XUU-U.TO
iShares Core S&P U.S. Total Market Index ETFLarge Cap Blend Equities
72
11.16%
—Oct 2019VFV.TO vs XUU-U.TO
QQQ
Invesco QQQ ETFNasdaq-100
73
21.30%
493.99BMar 1999VFV.TO vs QQQ
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
22.21%
4.02BApr 2011VFV.TO vs XEI.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
58
17.96%
5.04BMay 2019VFV.TO vs TEC.TO
HXQ.TO
Horizons NASDAQ-100 Index ETFNasdaq-100
75
22.84%
1.25BApr 2016VFV.TO vs HXQ.TO
TPU.TO
TD U.S. Equity Index ETFLarge Cap Blend Equities
73
12.48%
5.84BMar 2016VFV.TO vs TPU.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
67
19.82%
3.25BJan 2010VFV.TO vs ZQQ.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.73%
1.29BFeb 2022VFV.TO vs HYLD.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
80
19.01%
94.95BOct 2011VFV.TO vs SCHD
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETFDividend, Large Cap Blend Equities
59
8.57%
2.46BAug 2013VFV.TO vs VGG.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
74
22.76%
2.28BFeb 2019VFV.TO vs ZNQ.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
92
16.21%
1.63BJul 2021VFV.TO vs HDIV.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
80
10.70%
16.67BMay 2009VFV.TO vs ZCN.TO
VVL.TO
Vanguard Global Value Factor ETF CADGlobal Equities
77
10.59%
751.34MJun 2016VFV.TO vs VVL.TO
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index ETFEmerging Markets Equities
60
13.54%
4.23BNov 2011VFV.TO vs VEE.TO

Compare VFV.TO with Any Fund or Stock

Compare VFV.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair VFV.TO with funds that move differently

Vanguard S&P 500 Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VFV.TO.

Explore VFV.TO Diversifiers