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BGC.TO vs. VCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BGC.TO vs. VCN.TO

Last updated Jul 16, 2026
Documentation

BGC.TO (Bristol Gate Concentrated Canadian Equity ETF) and VCN.TO (Vanguard FTSE Canada All Cap Index ETF) are both Canada Equities funds. BGC.TO is actively managed, while VCN.TO is passively managed. Over the past 5 years, BGC.TO returned 8.03%/yr vs 15.45%/yr for VCN.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

BGC.TO vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BGC.TO achieves a 2.35% return, which is significantly lower than VCN.TO's 12.79% return.

BGC.TO

1D
0.10%
1M
3.29%
6M
2.16%
YTD
2.35%
1Y
6.21%
3Y*
10.26%
5Y*
8.03%
10Y*
—

VCN.TO

1D
0.29%
1M
0.71%
6M
8.76%
YTD
12.79%
1Y
33.20%
3Y*
23.86%
5Y*
15.45%
10Y*
12.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BGC.TO vs. VCN.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BGC.TO
Bristol Gate Concentrated Canadian Equity ETF		2.35%8.06%13.80%17.67%-5.52%18.08%0.70%29.04%-10.58%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		12.79%31.00%22.16%12.29%-5.76%25.65%4.83%22.09%-4.49%

Correlation

The correlation between BGC.TO and VCN.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Mar 5, 2018

0.35

Over the past year, the correlation between BGC.TO and VCN.TO has dropped to 0.08 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Bristol Gate Concentrated Canadian Equity ETF

Vanguard FTSE Canada All Cap Index ETF

Often compared with VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO

Return for Risk

BGC.TO vs. VCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BGC.TO
BGC.TO Risk / Return Rank: 1818
Overall Rank
BGC.TO Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
BGC.TO Sortino Ratio Rank: 1818
Sortino Ratio Rank
BGC.TO Omega Ratio Rank: 1717
Omega Ratio Rank
BGC.TO Calmar Ratio Rank: 1919
Calmar Ratio Rank
BGC.TO Martin Ratio Rank: 2020
Martin Ratio Rank
VCN.TO
VCN.TO Risk / Return Rank: 8989
Overall Rank
VCN.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 9090
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
VCN.TO Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGC.TO vs. VCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BGC.TOVCN.TODifference
Sharpe ratioReturn per unit of total volatility
0.50
2.56

-2.06

Sortino ratioReturn per unit of downside risk
0.81
3.31

-2.49

Omega ratioGain probability vs. loss probability

1.10

1.46

-0.36

Calmar ratioReturn relative to maximum drawdown

0.70

3.66

-2.96

Martin ratioReturn relative to average drawdown

1.87

16.73

-14.86

BGC.TO vs. VCN.TO - Sharpe Ratio Comparison

The current BGC.TO Sharpe Ratio is 0.50, which is lower than the VCN.TO Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of BGC.TO and VCN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BGC.TO vs. VCN.TO - Drawdown Comparison

The maximum BGC.TO drawdown since its inception was -36.73%, roughly equal to the maximum VCN.TO drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for BGC.TO and VCN.TO.

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Drawdown Indicators

BGC.TOVCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.73%

-37.32%

+0.59%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-9.11%

+0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-14.09%

-12.24%

-1.85%

Max Drawdown (5Y)

Largest decline over 5 years

-14.14%

-16.12%

+1.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.32%

—

Current Drawdown

Current decline from peak

-0.52%

0.00%

-0.52%

Average Drawdown

Average peak-to-trough decline

-4.12%

-3.87%

-0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

1.99%

+1.24%

Volatility

BGC.TO vs. VCN.TO - Volatility Comparison

Bristol Gate Concentrated Canadian Equity ETF (BGC.TO) has a higher volatility of 2.91% compared to Vanguard FTSE Canada All Cap Index ETF (VCN.TO) at 2.25%. This indicates that BGC.TO's price experiences larger fluctuations and is considered to be riskier than VCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BGC.TOVCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

2.25%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

9.12%

10.59%

-1.47%

Volatility (1Y)

Calculated over the trailing 1-year period

12.12%

13.04%

-0.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.09%

13.11%

-0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.97%

14.96%

+1.01%

Dividends

BGC.TO vs. VCN.TO - Dividend Comparison

BGC.TO has not paid dividends to shareholders, while VCN.TO's dividend yield for the trailing twelve months is around 2.01%.

PositionTTM20252024202320222021202020192018201720162015
BGC.TO
Bristol Gate Concentrated Canadian Equity ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		2.01%2.27%2.71%3.00%3.17%2.49%2.72%2.88%2.83%2.29%2.36%2.68%

Frequently Asked Questions

BGC.TO and VCN.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Bristol Gate and Vanguard.

Portfolio Optimizer

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