VCE.TO vs. ZCN.TO
Compare and contrast key facts about Vanguard FTSE Canada Index ETF (VCE.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
VCE.TO and ZCN.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. ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009. Both VCE.TO and ZCN.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 ZCN.TO.
Key characteristics
| VCE.TO | ZCN.TO | |
|---|---|---|
| YTD Return | 22.61% | 21.93% |
| 1Y Return | 31.32% | 30.34% |
| 3Y Return (Ann) | 8.98% | 7.92% |
| 5Y Return (Ann) | 12.09% | 11.40% |
| 10Y Return (Ann) | 9.12% | 8.61% |
| Sharpe Ratio | 3.20 | 3.00 |
| Sortino Ratio | 4.43 | 4.13 |
| Omega Ratio | 1.60 | 1.56 |
| Calmar Ratio | 6.40 | 5.06 |
| Martin Ratio | 23.95 | 22.34 |
| Ulcer Index | 1.33% | 1.38% |
| Daily Std Dev | 9.99% | 10.25% |
| Max Drawdown | -35.92% | -37.18% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VCE.TO and ZCN.TO is 0.98, 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. ZCN.TO - Performance Comparison
The year-to-date returns for both stocks are quite close, with VCE.TO having a 22.61% return and ZCN.TO slightly lower at 21.93%. Over the past 10 years, VCE.TO has outperformed ZCN.TO with an annualized return of 9.12%, while ZCN.TO has yielded a comparatively lower 8.61% 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. ZCN.TO - Expense Ratio Comparison
Both VCE.TO and ZCN.TO have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VCE.TO vs. ZCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada Index ETF (VCE.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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. ZCN.TO - Dividend Comparison
VCE.TO's dividend yield for the trailing twelve months is around 2.77%, which matches ZCN.TO's 2.76% 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% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.76% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
Drawdowns
VCE.TO vs. ZCN.TO - Drawdown Comparison
The maximum VCE.TO drawdown since its inception was -35.92%, roughly equal to the maximum ZCN.TO drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for VCE.TO and ZCN.TO. For additional features, visit the drawdowns tool.
Volatility
VCE.TO vs. ZCN.TO - Volatility Comparison
Vanguard FTSE Canada Index ETF (VCE.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) have volatilities of 3.03% and 3.02%, 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.