VCE.TO vs. VXC.TO
Compare and contrast key facts about Vanguard FTSE Canada Index ETF (VCE.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO).
VCE.TO and VXC.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. VXC.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap ex Canada China A Inclusion Index. It was launched on Jun 30, 2014. Both VCE.TO and VXC.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 VXC.TO.
Key characteristics
| VCE.TO | VXC.TO | |
|---|---|---|
| YTD Return | 22.61% | 24.47% |
| 1Y Return | 31.32% | 30.67% |
| 3Y Return (Ann) | 8.98% | 9.04% |
| 5Y Return (Ann) | 12.09% | 12.20% |
| 10Y Return (Ann) | 9.12% | 11.42% |
| Sharpe Ratio | 3.20 | 3.09 |
| Sortino Ratio | 4.43 | 4.31 |
| Omega Ratio | 1.60 | 1.58 |
| Calmar Ratio | 6.40 | 4.27 |
| Martin Ratio | 23.95 | 21.31 |
| Ulcer Index | 1.33% | 1.45% |
| Daily Std Dev | 9.99% | 9.98% |
| Max Drawdown | -35.92% | -27.28% |
| Current Drawdown | 0.00% | -0.74% |
Correlation
The correlation between VCE.TO and VXC.TO is 0.76, 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. VXC.TO - Performance Comparison
In the year-to-date period, VCE.TO achieves a 22.61% return, which is significantly lower than VXC.TO's 24.47% return. Over the past 10 years, VCE.TO has underperformed VXC.TO with an annualized return of 9.12%, while VXC.TO has yielded a comparatively higher 11.42% 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. VXC.TO - Expense Ratio Comparison
VCE.TO has a 0.06% expense ratio, which is lower than VXC.TO's 0.22% 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. VXC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada Index ETF (VCE.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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. VXC.TO - Dividend Comparison
VCE.TO's dividend yield for the trailing twelve months is around 2.77%, more than VXC.TO's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCE.TO Vanguard FTSE Canada Index ETF | 2.77% | 3.23% | 3.29% | 2.67% | 3.00% | 3.08% | 3.28% | 2.63% | 2.70% | 3.05% | 2.55% | 2.83% |
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF | 1.41% | 1.69% | 1.82% | 1.49% | 1.46% | 1.80% | 1.94% | 1.68% | 1.86% | 1.83% | 0.84% | 0.00% |
Drawdowns
VCE.TO vs. VXC.TO - Drawdown Comparison
The maximum VCE.TO drawdown since its inception was -35.92%, which is greater than VXC.TO's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for VCE.TO and VXC.TO. For additional features, visit the drawdowns tool.
Volatility
VCE.TO vs. VXC.TO - Volatility Comparison
Vanguard FTSE Canada Index ETF (VCE.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) have volatilities of 3.03% and 3.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.