CACE.TO vs. VDY.TO

Last updated Jun 5, 2026

CACE.TO (Avantis CIBC Canadian Equity ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - CACE.TO is a Canada Equities fund actively managed by Avantis, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. CACE.TO is actively managed, while VDY.TO is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. CACE.TO charges 0.19%/yr vs 0.22%/yr for VDY.TO.

Performance

CACE.TO vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC Canadian Equity ETF (CACE.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CACE.TO

• 1D: 1.02%
• 1M: 5.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VDY.TO

• 1D: 1.17%
• 1M: 5.04%
• YTD: 22.00%
• 6M: 22.35%
• 1Y: 48.66%
• 3Y*: 26.84%
• 5Y*: 17.48%
• 10Y*: 14.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CACE.TO vs. VDY.TO - Yearly Performance Comparison

	2026 (YTD)
CACE.TO Avantis CIBC Canadian Equity ETF	5.77%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	12.79%

Correlation

The correlation between CACE.TO and VDY.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	0.61

Return for Risk

CACE.TO vs. VDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VDY.TO

VDY.TO Risk / Return Rank: 98
VDY.TO Sharpe Ratio Rank: 98
VDY.TO Sortino Ratio Rank: 98
VDY.TO Omega Ratio Rank: 98
VDY.TO Calmar Ratio Rank: 98
VDY.TO Martin Ratio Rank: 98

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.

CACE.TO vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC Canadian Equity ETF (CACE.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CACE.TO	VDY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.85	+0.49

Drawdowns

CACE.TO vs. VDY.TO - Drawdown Comparison

The maximum CACE.TO drawdown since its inception was -10.51%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for CACE.TO and VDY.TO.

Drawdown Indicators

	CACE.TO	VDY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-10.51%	-39.21%	+28.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.21%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.82%	-4.61%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.76%	—

Volatility

Volatility by Period

	CACE.TO	VDY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	8.27%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	11.57%	+4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	15.96%	+0.41%

CACE.TO vs. VDY.TO - Expense Ratio Comparison

CACE.TO has a 0.19% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CACE.TO vs. VDY.TO - Dividend Comparison

CACE.TO has not paid dividends to shareholders, while VDY.TO's dividend yield for the trailing twelve months is around 2.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CACE.TO Avantis CIBC 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%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	2.87%	3.59%	4.40%	4.64%	4.42%	3.58%	4.59%	4.25%	4.43%	3.82%	3.25%	4.11%

Frequently Asked Questions

Can I hold both CACE.TO and VDY.TO in my portfolio?

CACE.TO and VDY.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CACE.TO or VDY.TO?

On fees, CACE.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CACE.TO or VDY.TO?

CACE.TO is cheaper with a 0.19% expense ratio, compared with 0.22% for VDY.TO.

What is the main difference between CACE.TO and VDY.TO?

CACE.TO is categorized as Canada Equities, while VDY.TO is Dividend. They also come from different issuers: Avantis and Vanguard. Their fees differ too: 0.19% for CACE.TO and 0.22% for VDY.TO.