PNG.V vs. VCE.TO

Last updated Jun 6, 2026

PNG.V (Kraken Robotics Inc) is a stock, while VCE.TO (Vanguard FTSE Canada Index ETF) is Canada Equities fund tracking the FTSE Canada Domestic Index. Over the past 10 years, PNG.V returned 43.10%/yr vs 12.47%/yr for VCE.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

PNG.V vs. VCE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Kraken Robotics Inc (PNG.V) and Vanguard FTSE Canada Index ETF (VCE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PNG.V achieves a 18.12% return, which is significantly higher than VCE.TO's 9.22% return. Over the past 10 years, PNG.V has outperformed VCE.TO with an annualized return of 43.10%, while VCE.TO has yielded a comparatively lower 12.47% annualized return.

PNG.V

• 1D: -8.25%
• 1M: 5.44%
• YTD: 18.12%
• 6M: 26.00%
• 1Y: 201.20%
• 3Y*: 144.07%
• 5Y*: 64.90%
• 10Y*: 43.10%

VCE.TO

• 1D: -2.02%
• 1M: 1.94%
• YTD: 9.22%
• 6M: 8.89%
• 1Y: 28.78%
• 3Y*: 21.96%
• 5Y*: 14.31%
• 10Y*: 12.47%

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

PNG.V vs. VCE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNG.V Kraken Robotics Inc	18.12%	132.73%	323.08%	14.04%	52.00%	-34.21%	-5.00%	62.16%	111.43%	34.62%
VCE.TO Vanguard FTSE Canada Index ETF	9.22%	26.45%	21.50%	12.34%	-5.14%	28.63%	4.18%	23.06%	-7.82%	8.84%

Correlation

The correlation between PNG.V 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	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 7, 2011	0.15

Over the past year, PNG.V and VCE.TO have become more correlated (0.39) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

PNG.V vs. VCE.TO — Risk / Return Rank

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

PNG.V

PNG.V Risk / Return Rank: 92
PNG.V Sharpe Ratio Rank: 95
PNG.V Sortino Ratio Rank: 91
PNG.V Omega Ratio Rank: 87
PNG.V Calmar Ratio Rank: 94
PNG.V Martin Ratio Rank: 92

VCE.TO

VCE.TO Risk / Return Rank: 77
VCE.TO Sharpe Ratio Rank: 77
VCE.TO Sortino Ratio Rank: 73
VCE.TO Omega Ratio Rank: 75
VCE.TO Calmar Ratio Rank: 75
VCE.TO Martin Ratio Rank: 85

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.

PNG.V vs. VCE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kraken Robotics Inc (PNG.V) 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.

	PNG.V	VCE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.31	+0.56
Sortino ratio: Return per unit of downside risk	3.29	3.06	+0.23
Omega ratio: Gain probability vs. loss probability	1.38	1.41	-0.03
Calmar ratio: Return relative to maximum drawdown	6.08	3.58	+2.50
Martin ratio: Return relative to average drawdown	13.84	16.61	-2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PNG.V vs. VCE.TO - Sharpe Ratio Comparison

The current PNG.V Sharpe Ratio is 2.87, which is comparable to the VCE.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of PNG.V 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.

Sharpe Ratios by Period

	PNG.V	VCE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	2.31	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	1.12	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.83	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.76	-0.57

Drawdowns

PNG.V vs. VCE.TO - Drawdown Comparison

The maximum PNG.V drawdown since its inception was -83.33%, which is greater than VCE.TO's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for PNG.V and VCE.TO.

Drawdown Indicators

	PNG.V	VCE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-83.33%	-35.93%	-47.40%
Max Drawdown (1Y) Largest decline over 1 year	-33.33%	-8.09%	-25.24%
Max Drawdown (3Y) Largest decline over 3 years	-33.33%	-12.15%	-21.18%
Max Drawdown (5Y) Largest decline over 5 years	-56.15%	-15.86%	-40.29%
Max Drawdown (10Y) Largest decline over 10 years	-71.21%	-35.93%	-35.28%
Current Drawdown Current decline from peak	-26.10%	-2.02%	-24.08%
Average Drawdown Average peak-to-trough decline	-38.67%	-3.71%	-34.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.61%	1.74%	+12.87%

Volatility

PNG.V vs. VCE.TO - Volatility Comparison

Kraken Robotics Inc (PNG.V) has a higher volatility of 23.17% compared to Vanguard FTSE Canada Index ETF (VCE.TO) at 4.20%. This indicates that PNG.V's price experiences larger fluctuations and is considered to be riskier than VCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNG.V	VCE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.17%	4.20%	+18.97%
Volatility (6M) Calculated over the trailing 6-month period	50.22%	10.28%	+39.94%
Volatility (1Y) Calculated over the trailing 1-year period	70.61%	12.53%	+58.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.50%	12.82%	+45.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.21%	15.01%	+54.20%

Dividends

PNG.V vs. VCE.TO - Dividend Comparison

PNG.V has not paid dividends to shareholders, while VCE.TO's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PNG.V Kraken Robotics Inc	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	2.20%	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

Can I hold both PNG.V and VCE.TO in my portfolio?

PNG.V 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.