PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
T.TO vs. VCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

T.TO vs. VCN.TO

Last updated Jun 13, 2026

T.TO (TELUS Corporation) is a stock, while VCN.TO (Vanguard FTSE Canada All Cap Index ETF) is Canada Equities fund tracking the FTSE Canada All Cap Domestic Index. Over the past 10 years, T.TO returned 12.80%/yr vs 12.80%/yr for VCN.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

T.TO vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TELUS Corporation (T.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, T.TO achieves a -3.54% return, which is significantly lower than VCN.TO's 10.85% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: T.TO at 12.80% and VCN.TO at 12.80%.

T.TO

1D
0.06%
1M
1.59%
YTD
-3.54%
6M
-1.02%
1Y
-17.01%
3Y*
-6.72%
5Y*
-3.61%
10Y*
12.80%

VCN.TO

1D
0.72%
1M
3.40%
YTD
10.85%
6M
11.65%
1Y
33.96%
3Y*
23.86%
5Y*
14.96%
10Y*
12.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

T.TO vs. VCN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
T.TO
TELUS Corporation		-3.54%0.34%-11.50%-4.41%-8.27%23.58%113.11%21.76%3.92%21.55%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		10.85%31.00%22.16%12.29%-5.76%25.65%4.83%22.09%-9.09%8.44%

Correlation

The correlation between T.TO and VCN.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.13

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

0.20

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

0.30

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

0.37

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2013

0.33

Over the past year, the correlation between T.TO and VCN.TO has dropped to 0.13 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

TELUS Corporation

Vanguard FTSE Canada All Cap Index ETF

Often compared with T.TO:
T.TO vs. BCE.TOT.TO vs. TUT.TO vs. FTS.TOT.TO vs. RCI-B.TOT.TO vs. BTO.TOT.TO vs. BCET.TO vs. VDY.TO
Often compared with VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO

Return for Risk

T.TO vs. VCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
T.TO
T.TO Risk / Return Rank: 1010
Overall Rank
T.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
T.TO Sortino Ratio Rank: 88
Sortino Ratio Rank
T.TO Omega Ratio Rank: 77
Omega Ratio Rank
T.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
T.TO Martin Ratio Rank: 1414
Martin Ratio Rank
VCN.TO
VCN.TO Risk / Return Rank: 8686
Overall Rank
VCN.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
VCN.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.

T.TO vs. VCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (T.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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.

T.TOVCN.TODifference
Sharpe ratioReturn per unit of total volatility
-1.06
2.59

-3.65

Sortino ratioReturn per unit of downside risk
-1.31
3.35

-4.66

Omega ratioGain probability vs. loss probability

0.82

1.47

-0.65

Calmar ratioReturn relative to maximum drawdown

-0.72

3.68

-4.40

Martin ratioReturn relative to average drawdown

-1.26

16.98

-18.24

T.TO vs. VCN.TO - Sharpe Ratio Comparison

The current T.TO Sharpe Ratio is -1.06, which is lower than the VCN.TO Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of T.TO and VCN.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.

Loading charts...

Drawdowns

T.TO vs. VCN.TO - Drawdown Comparison

The maximum T.TO drawdown since its inception was -39.72%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for T.TO and VCN.TO.

Loading charts...

Drawdown Indicators

T.TOVCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.72%

-37.32%

-2.40%

Max Drawdown (1Y)

Largest decline over 1 year

-24.59%

-9.11%

-15.48%

Max Drawdown (3Y)

Largest decline over 3 years

-24.59%

-12.24%

-12.35%

Max Drawdown (5Y)

Largest decline over 5 years

-38.60%

-16.12%

-22.48%

Max Drawdown (10Y)

Largest decline over 10 years

-38.60%

-37.32%

-1.28%

Current Drawdown

Current decline from peak

-35.63%

-0.85%

-34.78%

Average Drawdown

Average peak-to-trough decline

-10.14%

-3.89%

-6.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.06%

1.97%

+12.09%

Volatility

T.TO vs. VCN.TO - Volatility Comparison

The current volatility for TELUS Corporation (T.TO) is 3.35%, while Vanguard FTSE Canada All Cap Index ETF (VCN.TO) has a volatility of 4.44%. This indicates that T.TO experiences smaller price fluctuations and is considered to be less risky than VCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

T.TOVCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.35%

4.44%

-1.09%

Volatility (6M)

Calculated over the trailing 6-month period

13.36%

10.63%

+2.73%

Volatility (1Y)

Calculated over the trailing 1-year period

16.81%

12.94%

+3.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.44%

13.10%

+3.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.56%

14.99%

+18.57%

Dividends

T.TO vs. VCN.TO - Dividend Comparison

T.TO's dividend yield for the trailing twelve months is around 10.05%, more than VCN.TO's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
T.TO
TELUS Corporation		10.05%9.14%7.99%6.17%5.19%4.27%4.70%8.96%9.28%8.27%8.61%8.78%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		2.00%2.27%2.71%3.00%3.17%2.49%2.72%2.88%2.83%2.29%2.36%2.68%

Frequently Asked Questions

T.TO and VCN.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for T.TO and VCN.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer