VCN.TO vs. VEQT.TO
VCN.TO (Vanguard FTSE Canada All Cap Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - VCN.TO is a Canada Equities fund tracking the FTSE Canada All Cap Domestic Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. VCN.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, VCN.TO returned 14.85%/yr vs 14.01%/yr for VEQT.TO. Their correlation of 0.86 suggests significant overlap in exposure. VCN.TO charges 0.06%/yr vs 0.24%/yr for VEQT.TO.
Performance
VCN.TO vs. VEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VCN.TO achieves a 10.48% return, which is significantly lower than VEQT.TO's 12.75% 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%
VEQT.TO
- 1D
- -0.54%
- 1M
- 6.10%
- YTD
- 12.75%
- 6M
- 12.66%
- 1Y
- 31.65%
- 3Y*
- 22.37%
- 5Y*
- 14.01%
- 10Y*
- —
VCN.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCN.TO Vanguard FTSE Canada All Cap Index ETF | 10.48% | 30.20% | 22.14% | 12.26% | -5.78% | 25.63% | 4.81% | 11.36% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 12.75% | 20.37% | 24.73% | 16.70% | -10.76% | 19.62% | 11.42% | 12.94% |
Correlation
The correlation between VCN.TO and VEQT.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.86 |
The correlation between VCN.TO and VEQT.TO has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
VCN.TO vs. VEQT.TO - Sectors Allocation Comparison
Sectors
VCN.TO
VEQT.TO
Financial Services
Energy
Basic Materials
Industrials
Technology
Consumer Cyclical
Consumer Defensive
Utilities
Real Estate
Communication Services
Healthcare
Financial Services
VCN.TO
VEQT.TO
Energy
VCN.TO
VEQT.TO
Basic Materials
VCN.TO
VEQT.TO
Industrials
VCN.TO
VEQT.TO
Technology
VCN.TO
VEQT.TO
Consumer Cyclical
VCN.TO
VEQT.TO
Consumer Defensive
VCN.TO
VEQT.TO
Utilities
VCN.TO
VEQT.TO
Real Estate
VCN.TO
VEQT.TO
Communication Services
VCN.TO
VEQT.TO
Healthcare
VCN.TO
VEQT.TO
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Return for Risk
VCN.TO vs. VEQT.TO — Risk / Return Rank
VCN.TO
VEQT.TO
VCN.TO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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 | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.51 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.95 | -0.30 |
| Martin ratioReturn relative to average drawdown | 17.03 | 17.38 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCN.TO | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.74 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 1.09 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.91 | -0.13 |
Drawdowns
VCN.TO vs. VEQT.TO - Drawdown Comparison
The maximum VCN.TO drawdown since its inception was -37.32%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for VCN.TO and VEQT.TO.
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Drawdown Indicators
| VCN.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -30.45% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -8.05% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.24% | -15.46% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -18.32% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -0.54% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -3.71% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.83% | +0.12% |
Volatility
VCN.TO vs. VEQT.TO - Volatility Comparison
The current volatility for Vanguard FTSE Canada All Cap Index ETF (VCN.TO) is 3.41%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 3.68%. This indicates that VCN.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCN.TO | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.68% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 9.37% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 11.61% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 12.90% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 15.77% | -0.79% |
VCN.TO vs. VEQT.TO - Expense Ratio Comparison
VCN.TO has a 0.06% expense ratio, which is lower than VEQT.TO's 0.24% 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. VEQT.TO - Dividend Comparison
VCN.TO's dividend yield for the trailing twelve months is around 2.00%, more than VEQT.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VCN.TO and VEQT.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VCN.TO is cheaper with a 0.06% expense ratio, compared with 0.24% for VEQT.TO.
VCN.TO is categorized as Canada Equities, while VEQT.TO is Global Equities. Their fees differ too: 0.06% for VCN.TO and 0.24% for VEQT.TO.
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