PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VCE.TO vs. FTAL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VCE.TO vs. FTAL.L

Last updated Jun 13, 2026

VCE.TO (Vanguard FTSE Canada Index ETF) and FTAL.L (SPDR FTSE UK All Share UCITS ETF) are both exchange-traded funds - VCE.TO is a Canada Equities fund tracking the FTSE Canada Domestic Index, while FTAL.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, VCE.TO returned 13.03%/yr vs 9.62%/yr for FTAL.L. At a 0.49 correlation, their price movements are largely independent. VCE.TO charges 0.06%/yr vs 0.20%/yr for FTAL.L.

Performance

VCE.TO vs. FTAL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canada Index ETF (VCE.TO) and SPDR FTSE UK All Share UCITS ETF (FTAL.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

VCE.TO is traded in CAD, while FTAL.L is traded in GBP. To make them comparable, the FTAL.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VCE.TO achieves a 10.92% return, which is significantly higher than FTAL.L's 8.81% return. Over the past 10 years, VCE.TO has outperformed FTAL.L with an annualized return of 13.03%, while FTAL.L has yielded a comparatively lower 9.62% annualized return.

VCE.TO

1D
0.71%
1M
2.81%
YTD
10.92%
6M
9.70%
1Y
30.04%
3Y*
22.66%
5Y*
14.59%
10Y*
13.03%

FTAL.L

1D
1.78%
1M
3.46%
YTD
8.81%
6M
11.96%
1Y
22.97%
3Y*
18.54%
5Y*
12.38%
10Y*
9.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VCE.TO vs. FTAL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VCE.TO
Vanguard FTSE Canada Index ETF		10.92%26.45%21.50%12.34%-5.14%28.63%4.18%23.06%-7.82%8.84%
FTAL.L
SPDR FTSE UK All Share UCITS ETF		8.81%26.44%16.29%10.91%-4.51%16.06%-9.41%18.95%-7.65%15.35%

Correlation

The correlation between VCE.TO and FTAL.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.50

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

0.51

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

0.53

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

0.48

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2012

0.49

The correlation between VCE.TO and FTAL.L has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

VCE.TO vs. FTAL.L - Sectors Allocation Comparison

Sectors
VCE.TO
FTAL.L

Financial Services

37.4%
24.2%

Energy

18.4%
10.9%

Basic Materials

15.4%
8.4%

Industrials

10.6%
14.5%

Technology

8.2%
1.7%

Consumer Cyclical

3.4%
5.6%

Consumer Defensive

2.9%
12.1%

Utilities

1.9%
5.1%

Communication Services

1.5%
3.0%

Real Estate

0.2%
1.7%

Healthcare

-

12.8%

Financial Services

VCE.TO
37.4%
FTAL.L
24.2%

Energy

VCE.TO
18.4%
FTAL.L
10.9%

Basic Materials

VCE.TO
15.4%
FTAL.L
8.4%

Industrials

VCE.TO
10.6%
FTAL.L
14.5%

Technology

VCE.TO
8.2%
FTAL.L
1.7%

Consumer Cyclical

VCE.TO
3.4%
FTAL.L
5.6%

Consumer Defensive

VCE.TO
2.9%
FTAL.L
12.1%

Utilities

VCE.TO
1.9%
FTAL.L
5.1%

Communication Services

VCE.TO
1.5%
FTAL.L
3.0%

Real Estate

VCE.TO
0.2%
FTAL.L
1.7%

Healthcare

VCE.TO

-

FTAL.L
12.8%

Compare stocks, funds, or ETFs

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

Vanguard FTSE Canada Index ETF

SPDR FTSE UK All Share UCITS ETF

Often compared with VCE.TO:
VCE.TO vs. VCN.TOVCE.TO vs. VDY.TOVCE.TO vs. XIC.TOVCE.TO vs. VFV.TOVCE.TO vs. VEQT.TOVCE.TO vs. ZCN.TOVCE.TO vs. VXC.TO
Often compared with FTAL.L:
FTAL.L vs. CUKX.LFTAL.L vs. VUKG.LFTAL.L vs. EUEA.ASFTAL.L vs. NG.LFTAL.L vs. REL.LFTAL.L vs. LWDB.LFTAL.L vs. GBPG.L

Return for Risk

VCE.TO vs. FTAL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCE.TO
VCE.TO Risk / Return Rank: 8383
Overall Rank
VCE.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VCE.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VCE.TO Omega Ratio Rank: 8282
Omega Ratio Rank
VCE.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
VCE.TO Martin Ratio Rank: 8888
Martin Ratio Rank
FTAL.L
FTAL.L Risk / Return Rank: 6060
Overall Rank
FTAL.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FTAL.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
FTAL.L Omega Ratio Rank: 6767
Omega Ratio Rank
FTAL.L Calmar Ratio Rank: 5252
Calmar Ratio Rank
FTAL.L Martin Ratio Rank: 5050
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.

VCE.TO vs. FTAL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada Index ETF (VCE.TO) and SPDR FTSE UK All Share UCITS ETF (FTAL.L). 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.

VCE.TOFTAL.LDifference
Sharpe ratioReturn per unit of total volatility
2.35
1.51

+0.84

Sortino ratioReturn per unit of downside risk
3.12
2.19

+0.93

Omega ratioGain probability vs. loss probability

1.42

1.27

+0.15

Calmar ratioReturn relative to maximum drawdown

3.67

2.31

+1.36

Martin ratioReturn relative to average drawdown

16.88

7.56

+9.31

VCE.TO vs. FTAL.L - Sharpe Ratio Comparison

The current VCE.TO Sharpe Ratio is 2.35, which is higher than the FTAL.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of VCE.TO and FTAL.L, 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

VCE.TO vs. FTAL.L - Drawdown Comparison

The maximum VCE.TO drawdown since its inception was -35.93%, roughly equal to the maximum FTAL.L drawdown of -37.60%. Use the drawdown chart below to compare losses from any high point for VCE.TO and FTAL.L.

Loading charts...

Drawdown Indicators

VCE.TOFTAL.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.93%

-37.60%

+1.67%

Max Drawdown (1Y)

Largest decline over 1 year

-8.09%

-9.18%

+1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-12.15%

-14.27%

+2.12%

Max Drawdown (5Y)

Largest decline over 5 years

-15.86%

-22.67%

+6.81%

Max Drawdown (10Y)

Largest decline over 10 years

-35.93%

-37.60%

+1.67%

Current Drawdown

Current decline from peak

-0.50%

-1.20%

+0.70%

Average Drawdown

Average peak-to-trough decline

-3.70%

-5.61%

+1.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

2.81%

-1.06%

Volatility

VCE.TO vs. FTAL.L - Volatility Comparison

The current volatility for Vanguard FTSE Canada Index ETF (VCE.TO) is 4.30%, while SPDR FTSE UK All Share UCITS ETF (FTAL.L) has a volatility of 4.93%. This indicates that VCE.TO experiences smaller price fluctuations and is considered to be less risky than FTAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VCE.TOFTAL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

4.93%

-0.63%

Volatility (6M)

Calculated over the trailing 6-month period

10.31%

11.74%

-1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

12.61%

14.06%

-1.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.84%

17.12%

-4.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.01%

18.69%

-3.68%

VCE.TO vs. FTAL.L - Expense Ratio Comparison

VCE.TO has a 0.06% expense ratio, which is lower than FTAL.L's 0.20% 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%.

Dividends

VCE.TO vs. FTAL.L - Dividend Comparison

VCE.TO's dividend yield for the trailing twelve months is around 2.17%, while FTAL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FTAL.L
SPDR FTSE UK All Share UCITS ETF		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		2.17%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

VCE.TO and FTAL.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VCE.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VCE.TO is cheaper with a 0.06% expense ratio, compared with 0.20% for FTAL.L.

VCE.TO is categorized as Canada Equities, while FTAL.L is Europe Equities. VCE.TO tracks FTSE Canada Domestic Index, while FTAL.L tracks FTSE AllSh TR GBP. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.06% for VCE.TO and 0.20% for FTAL.L.

Portfolio Optimizer

Find the right allocation for VCE.TO and FTAL.L

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