GBSL.TO vs. VEF.TO

Last updated Jun 6, 2026

GBSL.TO (Ninepoint Global Select Fund - Series ETF) and VEF.TO (Vanguard FTSE Developed All Cap Ex US) are both Global Equities funds. GBSL.TO is actively managed, while VEF.TO is passively managed. GBSL.TO charges 0.85%/yr vs 0.22%/yr for VEF.TO.

Performance

GBSL.TO vs. VEF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Global Select Fund - Series ETF (GBSL.TO) and Vanguard FTSE Developed All Cap Ex US (VEF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBSL.TO

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

VEF.TO

• 1D: -3.02%
• 1M: 0.16%
• YTD: 12.72%
• 6M: 14.46%
• 1Y: 30.03%
• 3Y*: 17.41%
• 5Y*: 11.81%
• 10Y*: 10.75%

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

Return for Risk

GBSL.TO vs. VEF.TO — Risk / Return Rank

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

VEF.TO

VEF.TO Risk / Return Rank: 73
VEF.TO Sharpe Ratio Rank: 75
VEF.TO Sortino Ratio Rank: 73
VEF.TO Omega Ratio Rank: 78
VEF.TO Calmar Ratio Rank: 66
VEF.TO Martin Ratio Rank: 74

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.

GBSL.TO vs. VEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Global Select Fund - Series ETF (GBSL.TO) and Vanguard FTSE Developed All Cap Ex US (VEF.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

	GBSL.TO	VEF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.68	—

Drawdowns

Drawdown Indicators

	GBSL.TO	VEF.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.03%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.03%	—
Current Drawdown Current decline from peak	—	-3.30%	—
Average Drawdown Average peak-to-trough decline	—	-4.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.31%	—

Volatility

Volatility by Period

	GBSL.TO	VEF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.48%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.55%	—

GBSL.TO vs. VEF.TO - Expense Ratio Comparison

GBSL.TO has a 0.85% expense ratio, which is higher than VEF.TO's 0.22% expense ratio.

Dividends

GBSL.TO vs. VEF.TO - Dividend Comparison

GBSL.TO has not paid dividends to shareholders, while VEF.TO's dividend yield for the trailing twelve months is around 2.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBSL.TO Ninepoint Global Select Fund - Series 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%
VEF.TO Vanguard FTSE Developed All Cap Ex US	2.11%	2.61%	2.56%	2.50%	2.20%	2.55%	1.73%	2.41%	2.64%	2.21%	2.31%	2.39%

Frequently Asked Questions

Which ETF is better, GBSL.TO or VEF.TO?

On fees, VEF.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBSL.TO or VEF.TO?

VEF.TO is cheaper with a 0.22% expense ratio, compared with 0.85% for GBSL.TO.

What is the main difference between GBSL.TO and VEF.TO?

They also come from different issuers: Ninepoint and Vanguard. Their fees differ too: 0.85% for GBSL.TO and 0.22% for VEF.TO.