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FTAL.L vs. VCE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTAL.L vs. VCE.TO

Last updated Jun 13, 2026

FTAL.L (SPDR FTSE UK All Share UCITS ETF) and VCE.TO (Vanguard FTSE Canada Index ETF) are both exchange-traded funds - FTAL.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while VCE.TO is a Canada Equities fund tracking the FTSE Canada Domestic Index. Both are passively managed. Over the past 10 years, FTAL.L returned 9.25%/yr vs 12.65%/yr for VCE.TO. At a 0.43 correlation, their price movements are largely independent. FTAL.L charges 0.20%/yr vs 0.06%/yr for VCE.TO.

Performance

FTAL.L vs. VCE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR FTSE UK All Share UCITS ETF (FTAL.L) and Vanguard FTSE Canada Index ETF (VCE.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FTAL.L is traded in GBP, while VCE.TO is traded in CAD. To make them comparable, the VCE.TO values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTAL.L achieves a 7.14% return, which is significantly lower than VCE.TO's 9.27% return. Over the past 10 years, FTAL.L has underperformed VCE.TO with an annualized return of 9.25%, while VCE.TO has yielded a comparatively higher 12.65% annualized return.

FTAL.L

1D
1.76%
1M
1.53%
YTD
7.14%
6M
10.13%
1Y
21.14%
3Y*
14.47%
5Y*
10.33%
10Y*
9.25%

VCE.TO

1D
0.61%
1M
0.82%
YTD
9.27%
6M
7.89%
1Y
28.12%
3Y*
18.41%
5Y*
12.48%
10Y*
12.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTAL.L vs. VCE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTAL.L
SPDR FTSE UK All Share UCITS ETF		7.14%23.19%9.03%7.92%0.55%17.18%-9.96%19.28%-9.70%12.98%
VCE.TO
Vanguard FTSE Canada Index ETF		9.27%23.06%13.97%9.32%-0.19%29.91%3.57%23.47%-9.93%6.65%

Correlation

The correlation between FTAL.L and VCE.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.44

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

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2012

0.44

FTAL.L vs. VCE.TO - Sectors Allocation Comparison

Sectors
FTAL.L
VCE.TO

Financial Services

24.2%
37.4%

Industrials

14.5%
10.6%

Healthcare

12.8%

-

Consumer Defensive

12.1%
2.9%

Energy

10.9%
18.4%

Basic Materials

8.4%
15.4%

Consumer Cyclical

5.6%
3.4%

Utilities

5.1%
1.9%

Communication Services

3.0%
1.5%

Real Estate

1.7%
0.2%

Technology

1.7%
8.2%

Financial Services

FTAL.L
24.2%
VCE.TO
37.4%

Industrials

FTAL.L
14.5%
VCE.TO
10.6%

Healthcare

FTAL.L
12.8%
VCE.TO

-

Consumer Defensive

FTAL.L
12.1%
VCE.TO
2.9%

Energy

FTAL.L
10.9%
VCE.TO
18.4%

Basic Materials

FTAL.L
8.4%
VCE.TO
15.4%

Consumer Cyclical

FTAL.L
5.6%
VCE.TO
3.4%

Utilities

FTAL.L
5.1%
VCE.TO
1.9%

Communication Services

FTAL.L
3.0%
VCE.TO
1.5%

Real Estate

FTAL.L
1.7%
VCE.TO
0.2%

Technology

FTAL.L
1.7%
VCE.TO
8.2%

Compare stocks, funds, or ETFs

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

SPDR FTSE UK All Share UCITS ETF

Vanguard FTSE Canada Index ETF

Often compared with FTAL.L:
FTAL.L vs. CUKX.LFTAL.L vs. VUKG.LFTAL.L vs. EUEA.ASFTAL.L vs. NG.LFTAL.L vs. REL.LFTAL.L vs. LWDB.LFTAL.L vs. GBPG.L
Often compared with VCE.TO:
VCE.TO vs. VCN.TOVCE.TO vs. VDY.TOVCE.TO vs. XIC.TOVCE.TO vs. VFV.TOVCE.TO vs. VEQT.TOVCE.TO vs. ZCN.TOVCE.TO vs. VXC.TO

Return for Risk

FTAL.L vs. VCE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTAL.L
FTAL.L Risk / Return Rank: 6060
Overall Rank
FTAL.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FTAL.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
FTAL.L Omega Ratio Rank: 6767
Omega Ratio Rank
FTAL.L Calmar Ratio Rank: 5252
Calmar Ratio Rank
FTAL.L Martin Ratio Rank: 5050
Martin Ratio Rank
VCE.TO
VCE.TO Risk / Return Rank: 8383
Overall Rank
VCE.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VCE.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VCE.TO Omega Ratio Rank: 8282
Omega Ratio Rank
VCE.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
VCE.TO Martin Ratio Rank: 8888
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.

FTAL.L vs. VCE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (FTAL.L) and Vanguard FTSE Canada Index ETF (VCE.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.

FTAL.LVCE.TODifference
Sharpe ratioReturn per unit of total volatility
1.85
2.19

-0.33

Sortino ratioReturn per unit of downside risk
2.65
2.97

-0.33

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.04

Calmar ratioReturn relative to maximum drawdown

2.29

3.55

-1.26

Martin ratioReturn relative to average drawdown

7.53

15.23

-7.70

FTAL.L vs. VCE.TO - Sharpe Ratio Comparison

The current FTAL.L Sharpe Ratio is 1.85, which is comparable to the VCE.TO Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FTAL.L and VCE.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

FTAL.L vs. VCE.TO - Drawdown Comparison

The maximum FTAL.L drawdown since its inception was -35.26%, roughly equal to the maximum VCE.TO drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for FTAL.L and VCE.TO.

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Drawdown Indicators

FTAL.LVCE.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.26%

-34.60%

-0.66%

Max Drawdown (1Y)

Largest decline over 1 year

-8.95%

-8.12%

-0.83%

Max Drawdown (3Y)

Largest decline over 3 years

-13.17%

-13.67%

+0.50%

Max Drawdown (5Y)

Largest decline over 5 years

-13.17%

-13.67%

+0.50%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-34.60%

-0.66%

Current Drawdown

Current decline from peak

-2.68%

-0.93%

-1.75%

Average Drawdown

Average peak-to-trough decline

-4.26%

-5.28%

+1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.73%

1.89%

+0.84%

Volatility

FTAL.L vs. VCE.TO - Volatility Comparison

SPDR FTSE UK All Share UCITS ETF (FTAL.L) and Vanguard FTSE Canada Index ETF (VCE.TO) have volatilities of 3.87% and 3.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTAL.LVCE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

3.71%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

9.99%

-0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

11.06%

13.18%

-2.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

14.02%

-1.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.76%

16.98%

-2.22%

FTAL.L vs. VCE.TO - Expense Ratio Comparison

FTAL.L has a 0.20% expense ratio, which is higher than VCE.TO's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FTAL.L vs. VCE.TO - Dividend Comparison

FTAL.L has not paid dividends to shareholders, while VCE.TO's dividend yield for the trailing twelve months is around 2.17%.

PositionTTM20252024202320222021202020192018201720162015
FTAL.L
SPDR FTSE UK All Share UCITS 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%
VCE.TO
Vanguard FTSE Canada Index ETF		2.17%2.46%2.89%3.22%3.27%2.66%2.99%3.06%3.27%2.62%2.69%3.04%

Frequently Asked Questions

FTAL.L and VCE.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VCE.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VCE.TO is cheaper with a 0.06% expense ratio, compared with 0.20% for FTAL.L.

FTAL.L is categorized as Europe Equities, while VCE.TO is Canada Equities. FTAL.L tracks FTSE AllSh TR GBP, while VCE.TO tracks FTSE Canada Domestic Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.20% for FTAL.L and 0.06% for VCE.TO.

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