VCE.TO vs. FIE.TO
Compare and contrast key facts about Vanguard FTSE Canada Index ETF (VCE.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO).
VCE.TO and FIE.TO 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. FIE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Equity Tgt Alloc NR CAD. It was launched on Apr 16, 2010. Both VCE.TO and FIE.TO 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 FIE.TO.
Key characteristics
| VCE.TO | FIE.TO | |
|---|---|---|
| YTD Return | 21.28% | 24.69% |
| 1Y Return | 30.89% | 38.03% |
| 3Y Return (Ann) | 8.96% | 5.63% |
| 5Y Return (Ann) | 11.91% | 9.26% |
| 10Y Return (Ann) | 9.07% | 7.87% |
| Sharpe Ratio | 3.14 | 4.86 |
| Sortino Ratio | 4.36 | 6.89 |
| Omega Ratio | 1.59 | 2.01 |
| Calmar Ratio | 5.48 | 2.24 |
| Martin Ratio | 23.47 | 31.99 |
| Ulcer Index | 1.33% | 1.20% |
| Daily Std Dev | 9.97% | 7.91% |
| Max Drawdown | -35.92% | -42.24% |
| Current Drawdown | -0.16% | -0.12% |
Correlation
The correlation between VCE.TO and FIE.TO is 0.88, 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. FIE.TO - Performance Comparison
In the year-to-date period, VCE.TO achieves a 21.28% return, which is significantly lower than FIE.TO's 24.69% return. Over the past 10 years, VCE.TO has outperformed FIE.TO with an annualized return of 9.07%, while FIE.TO has yielded a comparatively lower 7.87% 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. FIE.TO - Expense Ratio Comparison
VCE.TO has a 0.06% expense ratio, which is lower than FIE.TO's 0.85% expense ratio.
Risk-Adjusted Performance
VCE.TO vs. FIE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada Index ETF (VCE.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.
Dividends
VCE.TO vs. FIE.TO - Dividend Comparison
VCE.TO's dividend yield for the trailing twelve months is around 2.80%, less than FIE.TO's 5.91% 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% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 5.91% | 6.98% | 7.31% | 5.85% | 7.01% | 6.56% | 7.29% | 6.20% | 6.51% | 7.33% | 6.49% | 6.66% |
Drawdowns
VCE.TO vs. FIE.TO - Drawdown Comparison
The maximum VCE.TO drawdown since its inception was -35.92%, smaller than the maximum FIE.TO drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for VCE.TO and FIE.TO. For additional features, visit the drawdowns tool.
Volatility
VCE.TO vs. FIE.TO - Volatility Comparison
Vanguard FTSE Canada Index ETF (VCE.TO) has a higher volatility of 3.01% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.56%. This indicates that VCE.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.