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VCIP.TO vs. VCNS.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VCIP.TO vs. VCNS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Conservative Income ETF Portfolio (VCIP.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO).

VCIP.TO and VCNS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCIP.TO is an actively managed fund by Vanguard. It was launched on Jan 29, 2019. VCNS.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.

Performance

VCIP.TO vs. VCNS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Conservative Income ETF Portfolio (VCIP.TO) and Vanguard Conservative ETF Portfolio (VCNS.TO). The values are adjusted to include any dividend payments, if applicable.

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VCIP.TO vs. VCNS.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VCIP.TO
Vanguard Conservative Income ETF Portfolio		0.07%5.91%6.91%8.32%-12.18%1.42%8.47%7.25%
VCNS.TO
Vanguard Conservative ETF Portfolio		0.22%8.13%9.74%10.32%-11.72%5.79%9.46%8.64%

Returns By Period

In the year-to-date period, VCIP.TO achieves a 0.07% return, which is significantly lower than VCNS.TO's 0.22% return.

VCIP.TO

1D
0.00%
1M
-2.60%
YTD
0.07%
6M
0.52%
1Y
5.06%
3Y*
5.74%
5Y*
2.22%
10Y*
—

VCNS.TO

1D
1.35%
1M
-3.05%
YTD
0.22%
6M
-0.17%
1Y
7.67%
3Y*
7.95%
5Y*
4.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Vanguard Conservative Income ETF Portfolio

Vanguard Conservative ETF Portfolio

Often compared with VCIP.TO:
VCIP.TO vs. VEQT.TOVCIP.TO vs. XBAL.TOVCIP.TO vs. XCNS.TOVCIP.TO vs. NUBF.TOVCIP.TO vs. VBAL.TOVCIP.TO vs. VAB.TOVCIP.TO vs. VFV.TO
Often compared with VCNS.TO:
VCNS.TO vs. VBAL.TOVCNS.TO vs. XCNS.TOVCNS.TO vs. VOOVCNS.TO vs. XIC.TOVCNS.TO vs. VGRO.TOVCNS.TO vs. VEQT.TOVCNS.TO vs. VFV.TO

VCIP.TO vs. VCNS.TO - Expense Ratio Comparison

Both VCIP.TO and VCNS.TO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

VCIP.TO
Vanguard Conservative Income ETF Portfolio
VCNS.TO
Vanguard Conservative ETF Portfolio

Return for Risk

VCIP.TO vs. VCNS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCIP.TO
VCIP.TO Risk / Return Rank: 5050
Overall Rank
VCIP.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
VCIP.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
VCIP.TO Omega Ratio Rank: 4949
Omega Ratio Rank
VCIP.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
VCIP.TO Martin Ratio Rank: 4747
Martin Ratio Rank
VCNS.TO
VCNS.TO Risk / Return Rank: 6060
Overall Rank
VCNS.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
VCNS.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
VCNS.TO Omega Ratio Rank: 6060
Omega Ratio Rank
VCNS.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
VCNS.TO Martin Ratio Rank: 5858
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.

VCIP.TO vs. VCNS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Conservative Income ETF Portfolio (VCIP.TO) and Vanguard Conservative ETF Portfolio (VCNS.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.

VCIP.TOVCNS.TODifference

Sharpe ratio

Return per unit of total volatility

0.93

1.04

-0.11

Sortino ratio

Return per unit of downside risk

1.26

1.42

-0.16

Omega ratio

Gain probability vs. loss probability

1.18

1.21

-0.03

Calmar ratio

Return relative to maximum drawdown

1.33

1.50

-0.17

Martin ratio

Return relative to average drawdown

4.51

5.47

-0.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCIP.TO vs. VCNS.TO - Sharpe Ratio Comparison

The current VCIP.TO Sharpe Ratio is 0.93, which is comparable to the VCNS.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of VCIP.TO and VCNS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VCIP.TOVCNS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

1.04

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.62

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.25

+0.30

Correlation

The correlation between VCIP.TO and VCNS.TO is 0.84, 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.

Dividends

VCIP.TO vs. VCNS.TO - Dividend Comparison

VCIP.TO's dividend yield for the trailing twelve months is around 3.69%, more than VCNS.TO's 2.54% yield.

TTM20252024202320222021202020192018
VCIP.TO
Vanguard Conservative Income ETF Portfolio		3.69%2.93%2.90%2.77%2.29%2.23%1.86%2.08%0.00%
VCNS.TO
Vanguard Conservative ETF Portfolio		2.54%2.54%2.58%2.57%2.28%2.09%1.88%2.28%75.90%

Drawdowns

VCIP.TO vs. VCNS.TO - Drawdown Comparison

The maximum VCIP.TO drawdown since its inception was -15.87%, smaller than the maximum VCNS.TO drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for VCIP.TO and VCNS.TO.

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Drawdown Indicators

VCIP.TOVCNS.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.87%

-18.04%

+2.17%

Max Drawdown (1Y)

Largest decline over 1 year

-3.80%

-5.38%

+1.58%

Max Drawdown (5Y)

Largest decline over 5 years

-15.87%

-15.73%

-0.14%

Current Drawdown

Current decline from peak

-2.60%

-3.20%

+0.60%

Average Drawdown

Average peak-to-trough decline

-3.65%

-3.09%

-0.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.12%

1.48%

-0.36%

Volatility

VCIP.TO vs. VCNS.TO - Volatility Comparison

The current volatility for Vanguard Conservative Income ETF Portfolio (VCIP.TO) is 2.42%, while Vanguard Conservative ETF Portfolio (VCNS.TO) has a volatility of 3.29%. This indicates that VCIP.TO experiences smaller price fluctuations and is considered to be less risky than VCNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VCIP.TOVCNS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.42%

3.29%

-0.87%

Volatility (6M)

Calculated over the trailing 6-month period

3.45%

4.90%

-1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

5.02%

7.42%

-2.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.64%

6.73%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.25%

92.46%

-86.21%