CAGE.TO vs. VFV.TO

Last updated Jul 21, 2026

CAGE.TO (Avantis CIBC All-Equity Asset Allocation ETF) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - CAGE.TO is a Global Equities fund actively managed by Avantis, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. CAGE.TO is actively managed, while VFV.TO is passively managed. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

CAGE.TO vs. VFV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO) and Vanguard S&P 500 Index ETF (VFV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAGE.TO

• 1D: -0.22%
• 1M: -2.38%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

VFV.TO

• 1D: 0.22%
• 1M: -1.23%
• 6M: 10.18%
• YTD: 11.96%
• 1Y: 22.24%
• 3Y*: 21.68%
• 5Y*: 15.14%
• 10Y*: 15.40%
• ALL TIME*: 17.56%

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

CAGE.TO vs. VFV.TO - Yearly Performance Comparison

	2026 (YTD)
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	11.00%
VFV.TO Vanguard S&P 500 Index ETF	14.09%

Correlation

The correlation between CAGE.TO and VFV.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.84

Return for Risk

CAGE.TO vs. VFV.TO — Risk / Return Rank

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

CAGE.TO

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

VFV.TO

VFV.TO Risk / Return Rank: 74
VFV.TO Sharpe Ratio Rank: 77
VFV.TO Sortino Ratio Rank: 76
VFV.TO Omega Ratio Rank: 76
VFV.TO Calmar Ratio Rank: 70
VFV.TO Martin Ratio Rank: 72

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.

CAGE.TO vs. VFV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC All-Equity Asset Allocation ETF (CAGE.TO) and Vanguard S&P 500 Index ETF (VFV.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.

	CAGE.TO	VFV.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.84	—
Sortino ratio: Return per unit of downside risk	—	2.55	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.59	—
Martin ratio: Return relative to average drawdown	—	9.67	—

Drawdowns

CAGE.TO vs. VFV.TO - Drawdown Comparison

The maximum CAGE.TO drawdown since its inception was -4.57%, smaller than the maximum VFV.TO drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for CAGE.TO and VFV.TO.

Drawdown Indicators

	CAGE.TO	VFV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.57%	-27.43%	+22.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.43%	—
Current Drawdown Current decline from peak	-2.62%	-2.34%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.01%	-3.33%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.31%	—

Volatility

Volatility by Period

	CAGE.TO	VFV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	12.14%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	15.04%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.81%	16.59%	-1.78%

Dividends

CAGE.TO vs. VFV.TO - Dividend Comparison

CAGE.TO's dividend yield for the trailing twelve months is around 0.47%, less than VFV.TO's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAGE.TO Avantis CIBC All-Equity Asset Allocation ETF	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VFV.TO Vanguard S&P 500 Index ETF	0.85%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.69%	1.51%	1.65%	1.63%

Frequently Asked Questions

Can I hold both CAGE.TO and VFV.TO in my portfolio?

CAGE.TO and VFV.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CAGE.TO and VFV.TO?

CAGE.TO is categorized as Global Equities, while VFV.TO is S&P 500. They also come from different issuers: Avantis and Vanguard.