VCE.TO vs. XIU.TO
VCE.TO (Vanguard FTSE Canada Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both Canada Equities funds - VCE.TO tracks the FTSE Canada Domestic Index while XIU.TO tracks the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, VCE.TO returned 12.58%/yr vs 12.62%/yr for XIU.TO. With a 0.97 correlation, they move nearly in lockstep. VCE.TO charges 0.06%/yr vs 0.18%/yr for XIU.TO.
Performance
VCE.TO vs. XIU.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VCE.TO having a 10.03% return and XIU.TO slightly higher at 10.14%. Both investments have delivered pretty close results over the past 10 years, with VCE.TO having a 12.58% annualized return and XIU.TO not far ahead at 12.62%.
VCE.TO
- 1D
- -0.96%
- 1M
- 3.36%
- YTD
- 10.03%
- 6M
- 10.19%
- 1Y
- 28.98%
- 3Y*
- 22.22%
- 5Y*
- 14.43%
- 10Y*
- 12.58%
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
VCE.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCE.TO Vanguard FTSE Canada Index ETF | 10.03% | 26.39% | 21.43% | 12.26% | -5.20% | 28.59% | 4.09% | 22.99% | -7.86% | 8.79% |
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between VCE.TO and XIU.TO is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2011 | 0.97 |
The correlation between VCE.TO and XIU.TO has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
VCE.TO vs. XIU.TO - Sectors Allocation Comparison
Sectors
VCE.TO
XIU.TO
Financial Services
Energy
Basic Materials
Industrials
Technology
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
Healthcare
-
-
Financial Services
VCE.TO
XIU.TO
Energy
VCE.TO
XIU.TO
Basic Materials
VCE.TO
XIU.TO
Industrials
VCE.TO
XIU.TO
Technology
VCE.TO
XIU.TO
Consumer Cyclical
VCE.TO
XIU.TO
Consumer Defensive
VCE.TO
XIU.TO
Utilities
VCE.TO
XIU.TO
Communication Services
VCE.TO
XIU.TO
Real Estate
VCE.TO
XIU.TO
Healthcare
VCE.TO
-
XIU.TO
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VCE.TO vs. XIU.TO — Risk / Return Rank
VCE.TO
XIU.TO
VCE.TO vs. XIU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada Index ETF (VCE.TO) and iShares S&P/TSX 60 Index ETF (XIU.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.
| VCE.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 4.16 | -0.56 |
| Martin ratioReturn relative to average drawdown | 16.77 | 19.30 | -2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VCE.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.71 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.13 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.85 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.51 | +0.26 |
Drawdowns
VCE.TO vs. XIU.TO - Drawdown Comparison
The maximum VCE.TO drawdown since its inception was -35.92%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for VCE.TO and XIU.TO.
Loading charts...
Drawdown Indicators
| VCE.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.92% | -52.31% | +16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -7.65% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -12.36% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -16.36% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | -35.46% | -0.46% |
Current DrawdownCurrent decline from peak | -0.96% | -0.87% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -11.63% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.64% | +0.09% |
Volatility
VCE.TO vs. XIU.TO - Volatility Comparison
Vanguard FTSE Canada Index ETF (VCE.TO) has a higher volatility of 3.47% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.28%. This indicates that VCE.TO's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VCE.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.28% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 9.32% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 11.73% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 12.78% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 15.01% | -0.02% |
VCE.TO vs. XIU.TO - Expense Ratio Comparison
VCE.TO has a 0.06% expense ratio, which is lower than XIU.TO's 0.18% 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. XIU.TO - Dividend Comparison
VCE.TO's dividend yield for the trailing twelve months is around 2.17%, less than XIU.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCE.TO Vanguard FTSE Canada Index ETF | 2.17% | 2.42% | 2.84% | 3.16% | 3.21% | 2.61% | 2.93% | 3.01% | 3.21% | 2.57% | 2.64% | 2.98% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
With a correlation of 0.99, VCE.TO and XIU.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.18% for XIU.TO.
VCE.TO tracks FTSE Canada Domestic Index, while XIU.TO tracks S&P/TSX 60 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VCE.TO and 0.18% for XIU.TO.
Find the right allocation for VCE.TO and XIU.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