IAU vs. VEQT.TO

Last updated Jun 9, 2026

IAU (iShares Gold Trust) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while VEQT.TO is a Global Equities fund actively managed by Vanguard. IAU is passively managed, while VEQT.TO is actively managed. Over the past 5 years, IAU returned 17.71%/yr vs 10.52%/yr for VEQT.TO. At a 0.09 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.24%/yr for VEQT.TO.

Performance

IAU vs. VEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Trust (IAU) and Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IAU is traded in USD, while VEQT.TO is traded in CAD. To make them comparable, the VEQT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAU achieves a 0.26% return, which is significantly lower than VEQT.TO's 8.99% return.

IAU

• 1D: 0.20%
• 1M: -8.43%
• YTD: 0.26%
• 6M: 3.08%
• 1Y: 30.27%
• 3Y*: 29.88%
• 5Y*: 17.71%
• 10Y*: 12.71%

VEQT.TO

• 1D: 0.19%
• 1M: -0.54%
• YTD: 8.99%
• 6M: 10.44%
• 1Y: 26.37%
• 3Y*: 20.11%
• 5Y*: 10.52%
• 10Y*: —

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

IAU vs. VEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IAU iShares Gold Trust	0.26%	63.95%	26.85%	12.84%	-0.63%	-4.00%	25.03%	15.17%
VEQT.TO Vanguard All-Equity ETF Portfolio	8.99%	26.13%	15.22%	19.55%	-16.08%	19.68%	14.14%	13.45%

Correlation

The correlation between IAU and VEQT.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019	0.09

The correlation between IAU and VEQT.TO shifts across timeframes, from 0.09 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

IAU vs. VEQT.TO - Sectors Allocation Comparison

Sectors	IAU	VEQT.TO
Real Estate	100.0%	2.2%
Basic Materials	-	8.6%
Communication Services	-	6.0%
Consumer Cyclical	-	7.8%
Consumer Defensive	-	4.5%
Energy	-	8.7%
Financial Services	-	20.7%
Healthcare	-	6.6%
Industrials	-	11.6%
Technology	-	20.3%
Utilities	-	2.8%

Return for Risk

IAU vs. VEQT.TO — Risk / Return Rank

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

IAU

IAU Risk / Return Rank: 33
IAU Sharpe Ratio Rank: 35
IAU Sortino Ratio Rank: 31
IAU Omega Ratio Rank: 38
IAU Calmar Ratio Rank: 34
IAU Martin Ratio Rank: 29

VEQT.TO

VEQT.TO Risk / Return Rank: 82
VEQT.TO Sharpe Ratio Rank: 83
VEQT.TO Sortino Ratio Rank: 82
VEQT.TO Omega Ratio Rank: 83
VEQT.TO Calmar Ratio Rank: 77
VEQT.TO Martin Ratio Rank: 84

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.

IAU vs. VEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and Vanguard All-Equity ETF Portfolio (VEQT.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.

	IAU	VEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.07	-0.93
Sortino ratio: Return per unit of downside risk	1.52	2.81	-1.29
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.52	2.95	-1.43
Martin ratio: Return relative to average drawdown	3.80	12.97	-9.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAU vs. VEQT.TO - Sharpe Ratio Comparison

The current IAU Sharpe Ratio is 1.14, which is lower than the VEQT.TO Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of IAU and VEQT.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.

Sharpe Ratios by Period

	IAU	VEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.07	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.74	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.77	-0.16

Drawdowns

IAU vs. VEQT.TO - Drawdown Comparison

The maximum IAU drawdown since its inception was -45.14%, which is greater than VEQT.TO's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for IAU and VEQT.TO.

Drawdown Indicators

	IAU	VEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.14%	-36.24%	-8.90%
Max Drawdown (1Y) Largest decline over 1 year	-20.04%	-8.98%	-11.06%
Max Drawdown (3Y) Largest decline over 3 years	-20.04%	-15.37%	-4.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.93%	-25.41%	+4.48%
Max Drawdown (10Y) Largest decline over 10 years	-21.82%	—	—
Current Drawdown Current decline from peak	-19.88%	-2.85%	-17.03%
Average Drawdown Average peak-to-trough decline	-15.97%	-5.34%	-10.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	2.04%	+5.95%

Volatility

IAU vs. VEQT.TO - Volatility Comparison

iShares Gold Trust (IAU) has a higher volatility of 5.64% compared to Vanguard All-Equity ETF Portfolio (VEQT.TO) at 4.29%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAU	VEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	4.29%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	23.33%	10.24%	+13.09%
Volatility (1Y) Calculated over the trailing 1-year period	26.68%	12.84%	+13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	14.39%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	16.98%	-1.04%

IAU vs. VEQT.TO - Expense Ratio Comparison

IAU has a 0.25% expense ratio, which is higher than VEQT.TO's 0.24% 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

IAU vs. VEQT.TO - Dividend Comparison

IAU has not paid dividends to shareholders, while VEQT.TO's dividend yield for the trailing twelve months is around 1.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IAU iShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEQT.TO Vanguard All-Equity ETF Portfolio	1.28%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.43%

Frequently Asked Questions

Can I hold both IAU and VEQT.TO in my portfolio?

IAU and VEQT.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAU or VEQT.TO?

On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAU or VEQT.TO?

VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.25% for IAU.

What is the main difference between IAU and VEQT.TO?

IAU is categorized as Gold, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for IAU and 0.24% for VEQT.TO.