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

ETF · Currency in CAD · Last updated Aug 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. 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
ZUE.TO
BMO S&P 500 (CAD Hedged)0.09%4.77BMay 2009VFV.TO vs ZUE.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%15.62BMay 2001VFV.TO vs XSP.TO
XUS.TO
iShares Core S&P 500 Index ETF0.09%12.96BApr 2013VFV.TO vs XUS.TO
ZSP.TO
BMO S&P 500 Index ETF0.09%24.00BNov 2012VFV.TO vs ZSP.TO

Best Risk-Adjusted Alternatives to VFV.TO

VFV.TO has a PortfoliosLab risk / return rank of 70. There are 5 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 86.

SymbolNameRisk / Return RankAUMInception
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
77
558.31MSep 2011VFV.TO vs USCC.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF
77
244.05MJul 2023VFV.TO vs USCL.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF
74
10.93MMay 2024VFV.TO vs USSL.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD
73
3.02BMay 2018VFV.TO vs EQL.TO

Top Performing VFV.TO Alternatives (YTD)

VFV.TO is at 12.34% YTD. There are 5 ETFs in the S&P 500 category with higher YTD returns, going as high as 15.50%.

SymbolNameYTD ReturnAUMInception
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD
15.50%
3.02BMay 2018VFV.TO vs EQL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF
14.06%
169.56MNov 2025VFV.TO vs EQLI.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF
13.52%
244.05MJul 2023VFV.TO vs USCL.TO
USSL.TO
Global X Enhanced S&P 500 Index ETF
13.07%
10.93MMay 2024VFV.TO vs USSL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
12.83%
—Jul 2024VFV.TO vs XUSC.TO

Lowest Volatility Alternatives to VFV.TO

VFV.TO has 12.42% 1-year volatility. There are 5 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.33%.

SymbolNameVolatility 1YAUMInception
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF9.33%169.56MNov 2025VFV.TO vs EQLI.TO
USCC-U.TO
Global X S&P 500 Covered Call ETF10.34%398.67MSep 2011VFV.TO vs USCC-U.TO
USCC.TO
Global X S&P 500 Covered Call ETF10.37%558.31MSep 2011VFV.TO vs USCC.TO
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD12.27%3.02BMay 2018VFV.TO vs EQL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)12.34%—Jul 2024VFV.TO vs XUSC.TO

Lowest Drawdown Alternatives to VFV.TO

VFV.TO has a 1-year max drawdown of -8.62%. There are 7 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%
558.31MSep 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
USCC-U.TO
Global X S&P 500 Covered Call ETF
-7.72%
398.67MSep 2011VFV.TO vs USCC-U.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
28.99%
8.59BNov 2012VFV.TO vs VDY.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
85
13.16%
15.67BJan 2019VFV.TO vs VEQT.TO
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
84
10.56%
10.51BJan 2018VFV.TO vs VGRO.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
90
12.26%
16.37BAug 2013VFV.TO vs VCN.TO
VIU.TO
Vanguard FTSE Developed All Cap ex North America I...Foreign Large Cap Equities, Foreign Small & Mid Cap Equities
76
16.64%
11.04BDec 2015VFV.TO vs VIU.TO
VBAL.TO
Vanguard Balanced ETF PortfolioDiversified Portfolio
72
7.88%
5.67BJan 2018VFV.TO vs VBAL.TO
VCE.TO
Vanguard FTSE Canada Index ETFCanada Equities
89
12.86%
3.54BNov 2011VFV.TO vs VCE.TO
VIDY.TO
Vanguard FTSE Developed ex North America High Divi...Foreign Large Cap Equities, Dividend
91
19.14%
2.00BAug 2018VFV.TO vs VIDY.TO
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETFGlobal Equities
76
13.53%
3.47BJun 2014VFV.TO vs VXC.TO
VUN.TO
Vanguard U.S. Total Market Index ETFLarge Cap Blend Equities
69
12.73%
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
13.38%
20.80BAug 2019VFV.TO vs XEQT.TO
VOO
Vanguard S&P 500 ETFS&P 500
78
11.72%
1.70TSep 2010VFV.TO vs VOO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
50
14.53%
3.73BMay 2021VFV.TO vs QQC.TO
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)Nasdaq-100
34
10.55%
5.26BMay 2011VFV.TO vs XQQ.TO
SPY
State Street SPDR S&P 500 ETFS&P 500
78
11.70%
789.06BJan 1993VFV.TO vs SPY
QQQ
Invesco QQQ ETFNasdaq-100
58
14.23%
452.80BMar 1999VFV.TO vs QQQ
XUU-U.TO
iShares Core S&P U.S. Total Market Index ETFLarge Cap Blend Equities
66
10.40%
—Oct 2019VFV.TO vs XUU-U.TO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETFCanada Equities
98
28.07%
4.38BApr 2011VFV.TO vs XEI.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
39
11.98%
4.92BMay 2019VFV.TO vs TEC.TO
XUS-U.TO
iShares Core S&P 500 Index ETFS&P 500
63
9.52%
—Oct 2019VFV.TO vs XUS-U.TO
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETFNasdaq-100
49
14.56%
1.73BApr 2016VFV.TO vs HXQ.TO
TPU.TO
TD U.S. Equity Index ETFLarge Cap Blend Equities
67
12.34%
6.05BMar 2016VFV.TO vs TPU.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
67
12.29%
7.40BNov 2010VFV.TO vs HXS.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
32
10.75%
2.90BJan 2010VFV.TO vs ZQQ.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
95
24.36%
104.16BOct 2011VFV.TO vs SCHD
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
65
11.33%
1.30BFeb 2022VFV.TO vs HYLD.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETFDividend, Large Cap Blend Equities
78
11.79%
2.57BAug 2013VFV.TO vs VGG.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
49
14.56%
2.26BFeb 2019VFV.TO vs ZNQ.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
18.30%
1.79BJul 2021VFV.TO vs HDIV.TO
VVL.TO
Vanguard Global Value Factor ETFGlobal Equities
91
19.93%
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