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

ETF · Currency in CAD · Last updated Jul 15, 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. No ETFs in the S&P 500 category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.09%.

SymbolNameExpense RatioAUMInception
XUS-U.TO
iShares Core S&P 500 Index ETF0.09%—Oct 2019VFV.TO vs XUS-U.TO
XUS.TO
iShares Core S&P 500 Index ETF0.09%13.11BApr 2013VFV.TO vs XUS.TO
ZSP.TO
BMO S&P 500 Index ETF0.09%24.35BNov 2012VFV.TO vs ZSP.TO
VSP.TO
Vanguard S&P 500 Index ETF (CAD-hedged)0.09%6.11BNov 2012VFV.TO vs VSP.TO
XSP.TO
iShares Core S&P 500 Index ETF (CAD-Hedged)0.09%15.74BMay 2001VFV.TO vs XSP.TO

Best Risk-Adjusted Alternatives to VFV.TO

VFV.TO has a PortfoliosLab risk / return rank of 78. There are 5 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 89.

SymbolNameRisk / Return RankAUMInception
USSL.TO
Global X Enhanced S&P 500 Index ETF
89
11.27MMay 2024VFV.TO vs USSL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF
86
169.56MNov 2025VFV.TO vs EQLI.TO
USCC.TO
Global X S&P 500 Covered Call ETF
85
563.51MSep 2011VFV.TO vs USCC.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF
83
250.73MJul 2023VFV.TO vs USCL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
79
—Jul 2024VFV.TO vs XUSC.TO

Top Performing VFV.TO Alternatives (YTD)

VFV.TO is at 13.57% YTD. There are 4 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.71%.

SymbolNameYTD ReturnAUMInception
USSL.TO
Global X Enhanced S&P 500 Index ETF
15.71%
11.27MMay 2024VFV.TO vs USSL.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD
14.77%
3.02BMay 2018VFV.TO vs EQL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
14.29%
—Jul 2024VFV.TO vs XUSC.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF
14.16%
250.73MJul 2023VFV.TO vs USCL.TO
XUS.TO
iShares Core S&P 500 Index ETF
13.50%
13.11BApr 2013VFV.TO vs XUS.TO

Lowest Volatility Alternatives to VFV.TO

VFV.TO has 12.07% 1-year volatility. There are 2 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.19%.

SymbolNameVolatility 1YAUMInception
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF9.19%169.56MNov 2025VFV.TO vs EQLI.TO
USCC.TO
Global X S&P 500 Covered Call ETF10.04%563.51MSep 2011VFV.TO vs USCC.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)12.08%—Jul 2024VFV.TO vs XUSC.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD12.14%3.02BMay 2018VFV.TO vs EQL.TO
ZSP.TO
BMO S&P 500 Index ETF12.21%24.35BNov 2012VFV.TO vs ZSP.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 -5.47%.

SymbolNameMax Drawdown 1YAUMInception
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF
-5.47%
169.56MNov 2025VFV.TO vs EQLI.TO
USCC.TO
Global X S&P 500 Covered Call ETF
-6.71%
563.51MSep 2011VFV.TO vs USCC.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD
-6.73%
3.02BMay 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%
250.73MJul 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 $19B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.26%
8.59BNov 2012VFV.TO vs VDY.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
86
13.96%
15.67BJan 2019VFV.TO vs VEQT.TO
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
85
11.38%
10.51BJan 2018VFV.TO vs VGRO.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
88
12.46%
16.37BAug 2013VFV.TO vs VCN.TO
VBAL.TO
Vanguard Balanced ETF PortfolioDiversified Portfolio
75
8.54%
5.67BJan 2018VFV.TO vs VBAL.TO
VIU.TO
Vanguard FTSE Developed All Cap ex North America I...International Equity
71
17.18%
11.04BDec 2015VFV.TO vs VIU.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
87
12.93%
3.54BNov 2011VFV.TO vs VCE.TO
VIDY.TO
Vanguard FTSE Developed ex North America High Divi...Foreign Large Cap Equities, Dividend
85
16.04%
2.00BAug 2018VFV.TO vs VIDY.TO
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETFGlobal Equities
79
14.43%
3.47BJun 2014VFV.TO vs VXC.TO
VUN.TO
Vanguard U.S. Total Market Index ETFLarge Cap Blend Equities
77
14.14%
18.99BAug 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 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
13.88%
20.34BAug 2019VFV.TO vs XEQT.TO
VOO
Vanguard S&P 500 ETFS&P 500
67
10.87%
1.70TSep 2010VFV.TO vs VOO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
68
20.27%
3.73BMay 2021VFV.TO vs QQC.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
43
15.75%
5.51BMay 2011VFV.TO vs XQQ.TO
SPY
State Street SPDR S&P 500 ETFS&P 500
66
10.84%
783.21BJan 1993VFV.TO vs SPY
XUU-U.TO
iShares Core S&P U.S. Total Market Index ETFLarge Cap Blend Equities
67
11.11%
—Oct 2019VFV.TO vs XUU-U.TO
QQQ
Invesco QQQ ETFNasdaq-100
61
17.43%
481.14BMar 1999VFV.TO vs QQQ
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
26.33%
4.25BApr 2011VFV.TO vs XEI.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
50
15.22%
5.05BMay 2019VFV.TO vs TEC.TO
HXQ.TO
Horizons NASDAQ-100 Index ETFNasdaq-100
67
20.29%
1.78BApr 2016VFV.TO vs HXQ.TO
TPU.TO
TD U.S. Equity Index ETFLarge Cap Blend Equities
76
13.73%
6.18BMar 2016VFV.TO vs TPU.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
74
13.28%
7.49BNov 2010VFV.TO vs HXS.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
39
15.76%
3.09BJan 2010VFV.TO vs ZQQ.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
83
19.32%
98.55BOct 2011VFV.TO vs SCHD
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.42%
1.32BFeb 2022VFV.TO vs HYLD.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETFDividend, Large Cap Blend Equities
73
11.13%
2.57BAug 2013VFV.TO vs VGG.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.26%
2.35BFeb 2019VFV.TO vs ZNQ.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.65%
1.74BJul 2021VFV.TO vs HDIV.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
89
12.66%
17.34BMay 2009VFV.TO vs ZCN.TO
VVL.TO
Vanguard Global Value Factor ETF CADGlobal Equities
81
16.22%
800.80MJun 2016VFV.TO vs VVL.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