VCN.TO vs. CACE.TO

Last updated Jul 16, 2026

VCN.TO (Vanguard FTSE Canada All Cap Index ETF) and CACE.TO (Avantis CIBC Canadian Equity ETF) are both Canada Equities funds. VCN.TO is passively managed, while CACE.TO is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. VCN.TO charges 0.06%/yr vs 0.19%/yr for CACE.TO.

Performance

VCN.TO vs. CACE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canada All Cap Index ETF (VCN.TO) and Avantis CIBC Canadian Equity ETF (CACE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VCN.TO

• 1D: 0.29%
• 1M: 0.71%
• 6M: 8.76%
• YTD: 12.79%
• 1Y: 33.20%
• 3Y*: 23.86%
• 5Y*: 15.45%
• 10Y*: 12.50%

CACE.TO

• 1D: 0.14%
• 1M: -0.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VCN.TO vs. CACE.TO - Yearly Performance Comparison

	2026 (YTD)
VCN.TO Vanguard FTSE Canada All Cap Index ETF	5.78%
CACE.TO Avantis CIBC Canadian Equity ETF	4.77%

Correlation

The correlation between VCN.TO and CACE.TO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	0.94

Return for Risk

VCN.TO vs. CACE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCN.TO

VCN.TO Risk / Return Rank: 89
VCN.TO Sharpe Ratio Rank: 92
VCN.TO Sortino Ratio Rank: 90
VCN.TO Omega Ratio Rank: 90
VCN.TO Calmar Ratio Rank: 84
VCN.TO Martin Ratio Rank: 91

CACE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VCN.TO vs. CACE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canada All Cap Index ETF (VCN.TO) and Avantis CIBC Canadian Equity ETF (CACE.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.

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.

	VCN.TO	CACE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.56	—	—
Sortino ratio: Return per unit of downside risk	3.31	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.66	—	—
Martin ratio: Return relative to average drawdown	16.73	—	—

Drawdowns

VCN.TO vs. CACE.TO - Drawdown Comparison

The maximum VCN.TO drawdown since its inception was -37.32%, which is greater than CACE.TO's maximum drawdown of -10.51%. Use the drawdown chart below to compare losses from any high point for VCN.TO and CACE.TO.

Drawdown Indicators

	VCN.TO	CACE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-10.51%	-26.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.32%	—	—
Current Drawdown Current decline from peak	0.00%	-0.75%	+0.75%
Average Drawdown Average peak-to-trough decline	-3.87%	-2.52%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	VCN.TO	CACE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	16.02%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.11%	16.02%	-2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	16.02%	-1.06%

VCN.TO vs. CACE.TO - Expense Ratio Comparison

VCN.TO has a 0.06% expense ratio, which is lower than CACE.TO's 0.19% 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

VCN.TO vs. CACE.TO - Dividend Comparison

VCN.TO's dividend yield for the trailing twelve months is around 2.01%, more than CACE.TO's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CACE.TO Avantis CIBC Canadian Equity ETF	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	2.01%	2.27%	2.71%	3.00%	3.17%	2.49%	2.72%	2.88%	2.83%	2.29%	2.36%	2.68%

Frequently Asked Questions

Can I hold both VCN.TO and CACE.TO in my portfolio?

With a correlation of 0.94, VCN.TO and CACE.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.

Which ETF is better, VCN.TO or CACE.TO?

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

Which ETF is cheaper, VCN.TO or CACE.TO?

VCN.TO is cheaper with a 0.06% expense ratio, compared with 0.19% for CACE.TO.

What is the main difference between VCN.TO and CACE.TO?

They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.06% for VCN.TO and 0.19% for CACE.TO.