VCE.TO vs. DGRO
Compare and contrast key facts about Vanguard FTSE Canada Index ETF (VCE.TO) and iShares Core Dividend Growth ETF (DGRO).
VCE.TO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada Domestic Index. It was launched on Nov 30, 2011. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both VCE.TO and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCE.TO or DGRO.
Key characteristics
| VCE.TO | DGRO | |
|---|---|---|
| YTD Return | 21.28% | 21.23% |
| 1Y Return | 30.89% | 33.72% |
| 3Y Return (Ann) | 8.96% | 8.55% |
| 5Y Return (Ann) | 11.91% | 12.22% |
| 10Y Return (Ann) | 9.07% | 12.07% |
| Sharpe Ratio | 3.14 | 3.32 |
| Sortino Ratio | 4.36 | 4.70 |
| Omega Ratio | 1.59 | 1.62 |
| Calmar Ratio | 5.48 | 3.79 |
| Martin Ratio | 23.47 | 22.54 |
| Ulcer Index | 1.33% | 1.44% |
| Daily Std Dev | 9.97% | 9.76% |
| Max Drawdown | -35.92% | -35.10% |
| Current Drawdown | -0.16% | 0.00% |
Correlation
The correlation between VCE.TO and DGRO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VCE.TO vs. DGRO - Performance Comparison
The year-to-date returns for both stocks are quite close, with VCE.TO having a 21.28% return and DGRO slightly lower at 21.23%. Over the past 10 years, VCE.TO has underperformed DGRO with an annualized return of 9.07%, while DGRO has yielded a comparatively higher 12.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VCE.TO vs. DGRO - Expense Ratio Comparison
VCE.TO has a 0.06% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VCE.TO vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada Index ETF (VCE.TO) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
VCE.TO vs. DGRO - Dividend Comparison
VCE.TO's dividend yield for the trailing twelve months is around 2.80%, more than DGRO's 2.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCE.TO Vanguard FTSE Canada Index ETF | 2.80% | 3.23% | 3.29% | 2.67% | 3.00% | 3.08% | 3.28% | 2.63% | 2.70% | 3.05% | 2.55% | 2.83% |
DGRO iShares Core Dividend Growth ETF | 2.15% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
VCE.TO vs. DGRO - Drawdown Comparison
The maximum VCE.TO drawdown since its inception was -35.92%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for VCE.TO and DGRO. For additional features, visit the drawdowns tool.
Volatility
VCE.TO vs. DGRO - Volatility Comparison
The current volatility for Vanguard FTSE Canada Index ETF (VCE.TO) is 3.01%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.37%. This indicates that VCE.TO experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.