VCN.TO vs. NWH-UN.TO

Last updated Jun 4, 2026

VCN.TO (Vanguard FTSE Canada All Cap Index ETF) is Canada Equities fund tracking the FTSE Canada All Cap Domestic Index, while NWH-UN.TO (NorthWest Healthcare Properties Real Estate Investment Trust) is a stock. Over the past 10 years, VCN.TO returned 12.42%/yr vs 1.74%/yr for NWH-UN.TO. At a 0.39 correlation, their price movements are largely independent.

Performance

VCN.TO vs. NWH-UN.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 NorthWest Healthcare Properties Real Estate Investment Trust (NWH-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCN.TO achieves a 10.48% return, which is significantly lower than NWH-UN.TO's 11.97% return. Over the past 10 years, VCN.TO has outperformed NWH-UN.TO with an annualized return of 12.42%, while NWH-UN.TO has yielded a comparatively lower 1.74% annualized return.

VCN.TO

• 1D: -1.03%
• 1M: 3.61%
• YTD: 10.48%
• 6M: 12.01%
• 1Y: 33.06%
• 3Y*: 23.42%
• 5Y*: 14.85%
• 10Y*: 12.42%

NWH-UN.TO

• 1D: -1.41%
• 1M: 2.38%
• YTD: 11.97%
• 6M: 6.79%
• 1Y: 22.23%
• 3Y*: -3.95%
• 5Y*: -9.24%
• 10Y*: 1.74%

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

VCN.TO vs. NWH-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCN.TO Vanguard FTSE Canada All Cap Index ETF	10.48%	30.20%	22.14%	12.26%	-5.78%	25.63%	4.81%	22.06%	-9.11%	8.44%
NWH-UN.TO NorthWest Healthcare Properties Real Estate Investment Trust	11.97%	23.48%	-7.17%	-40.34%	-26.43%	16.50%	13.46%	34.80%	-10.31%	19.97%

Correlation

The correlation between VCN.TO and NWH-UN.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 14, 2013	0.39

The correlation between VCN.TO and NWH-UN.TO shifts across timeframes, from 0.39 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VCN.TO vs. NWH-UN.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: 77
VCN.TO Sharpe Ratio Rank: 80
VCN.TO Sortino Ratio Rank: 74
VCN.TO Omega Ratio Rank: 78
VCN.TO Calmar Ratio Rank: 71
VCN.TO Martin Ratio Rank: 82

NWH-UN.TO

NWH-UN.TO Risk / Return Rank: 71
NWH-UN.TO Sharpe Ratio Rank: 72
NWH-UN.TO Sortino Ratio Rank: 72
NWH-UN.TO Omega Ratio Rank: 67
NWH-UN.TO Calmar Ratio Rank: 71
NWH-UN.TO Martin Ratio Rank: 73

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. NWH-UN.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 NorthWest Healthcare Properties Real Estate Investment Trust (NWH-UN.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.

	VCN.TO	NWH-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.03	+1.61
Sortino ratio: Return per unit of downside risk	3.43	1.85	+1.58
Omega ratio: Gain probability vs. loss probability	1.48	1.21	+0.27
Calmar ratio: Return relative to maximum drawdown	3.65	1.73	+1.91
Martin ratio: Return relative to average drawdown	17.03	4.47	+12.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCN.TO vs. NWH-UN.TO - Sharpe Ratio Comparison

The current VCN.TO Sharpe Ratio is 2.64, which is higher than the NWH-UN.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of VCN.TO and NWH-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VCN.TO	NWH-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	1.03	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	-0.36	+1.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.07	+0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.17	+0.60

Drawdowns

VCN.TO vs. NWH-UN.TO - Drawdown Comparison

The maximum VCN.TO drawdown since its inception was -37.32%, smaller than the maximum NWH-UN.TO drawdown of -68.61%. Use the drawdown chart below to compare losses from any high point for VCN.TO and NWH-UN.TO.

Drawdown Indicators

	VCN.TO	NWH-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-68.61%	+31.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-13.02%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-12.24%	-48.19%	+35.95%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-68.61%	+52.49%
Max Drawdown (10Y) Largest decline over 10 years	-37.32%	-68.61%	+31.29%
Current Drawdown Current decline from peak	-1.03%	-46.44%	+45.41%
Average Drawdown Average peak-to-trough decline	-3.90%	-17.38%	+13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	5.08%	-3.13%

Volatility

VCN.TO vs. NWH-UN.TO - Volatility Comparison

The current volatility for Vanguard FTSE Canada All Cap Index ETF (VCN.TO) is 3.41%, while NorthWest Healthcare Properties Real Estate Investment Trust (NWH-UN.TO) has a volatility of 4.85%. This indicates that VCN.TO experiences smaller price fluctuations and is considered to be less risky than NWH-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCN.TO	NWH-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	4.85%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	18.21%	-7.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	21.84%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	25.91%	-12.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.98%	25.13%	-10.15%

Dividends

VCN.TO vs. NWH-UN.TO - Dividend Comparison

VCN.TO's dividend yield for the trailing twelve months is around 2.00%, less than NWH-UN.TO's 5.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWH-UN.TO NorthWest Healthcare Properties Real Estate Investment Trust	5.89%	7.05%	8.09%	12.66%	8.42%	5.79%	6.35%	6.71%	8.44%	7.04%	7.84%	8.96%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	2.00%	2.27%	2.69%	2.99%	3.15%	2.48%	2.70%	2.85%	2.80%	2.29%	2.34%	2.65%

Frequently Asked Questions

Can I hold both VCN.TO and NWH-UN.TO in my portfolio?

VCN.TO and NWH-UN.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.