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VCN.TO vs. XIU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VCN.TO vs. XIU.TO

Last updated Jun 4, 2026

VCN.TO (Vanguard FTSE Canada All Cap Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both Canada Equities funds - VCN.TO tracks the FTSE Canada All Cap Domestic Index while XIU.TO tracks the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, VCN.TO returned 12.42%/yr vs 12.62%/yr for XIU.TO. Their correlation of 0.89 suggests significant overlap in exposure. VCN.TO charges 0.06%/yr vs 0.18%/yr for XIU.TO.

Performance

VCN.TO vs. XIU.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 iShares S&P/TSX 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with VCN.TO having a 10.48% return and XIU.TO slightly lower at 10.14%. Both investments have delivered pretty close results over the past 10 years, with VCN.TO having a 12.42% annualized return and XIU.TO not far ahead at 12.62%.

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%

XIU.TO

1D
-0.87%
1M
3.47%
YTD
10.14%
6M
12.10%
1Y
31.65%
3Y*
22.48%
5Y*
14.37%
10Y*
12.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
XIU.TO
iShares S&P/TSX 60 Index ETF		10.14%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%

Correlation

The correlation between VCN.TO and XIU.TO is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (10Y)
Calculated over the trailing 10-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Aug 14, 2013

0.89

The correlation between VCN.TO and XIU.TO has been stable across timeframes, ranging from 0.89 to 0.99 - a consistent structural relationship.

VCN.TO vs. XIU.TO - Sectors Allocation Comparison

Sectors
VCN.TO
XIU.TO

Financial Services

33.7%
39.4%

Energy

18.5%
18.6%

Basic Materials

17.6%
13.3%

Industrials

10.5%
7.9%

Technology

7.5%
8.8%

Consumer Cyclical

3.7%
4.1%

Consumer Defensive

2.8%
3.2%

Utilities

2.7%
2.6%

Real Estate

1.5%
0.2%

Communication Services

1.4%
2.0%

Healthcare

0.1%

-

Financial Services

VCN.TO
33.7%
XIU.TO
39.4%

Energy

VCN.TO
18.5%
XIU.TO
18.6%

Basic Materials

VCN.TO
17.6%
XIU.TO
13.3%

Industrials

VCN.TO
10.5%
XIU.TO
7.9%

Technology

VCN.TO
7.5%
XIU.TO
8.8%

Consumer Cyclical

VCN.TO
3.7%
XIU.TO
4.1%

Consumer Defensive

VCN.TO
2.8%
XIU.TO
3.2%

Utilities

VCN.TO
2.7%
XIU.TO
2.6%

Real Estate

VCN.TO
1.5%
XIU.TO
0.2%

Communication Services

VCN.TO
1.4%
XIU.TO
2.0%

Healthcare

VCN.TO
0.1%
XIU.TO

-

Compare stocks, funds, or ETFs

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

Vanguard FTSE Canada All Cap Index ETF

iShares S&P/TSX 60 Index ETF

Often compared with VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO
Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO

Return for Risk

VCN.TO vs. XIU.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: 7777
Overall Rank
VCN.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 7878
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
VCN.TO Martin Ratio Rank: 8282
Martin Ratio Rank
XIU.TO
XIU.TO Risk / Return Rank: 8282
Overall Rank
XIU.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 8787
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.

VCN.TO vs. XIU.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 iShares S&P/TSX 60 Index ETF (XIU.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.TOXIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.64
2.71

-0.07

Sortino ratioReturn per unit of downside risk
3.43
3.64

-0.20

Omega ratioGain probability vs. loss probability

1.48

1.49

-0.01

Calmar ratioReturn relative to maximum drawdown

3.65

4.16

-0.51

Martin ratioReturn relative to average drawdown

17.03

19.30

-2.27

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. XIU.TO - Sharpe Ratio Comparison

The current VCN.TO Sharpe Ratio is 2.64, which is comparable to the XIU.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of VCN.TO and XIU.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.

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Sharpe Ratios by Period

VCN.TOXIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.64

2.71

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.15

1.13

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.85

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.51

+0.27

Drawdowns

VCN.TO vs. XIU.TO - Drawdown Comparison

The maximum VCN.TO drawdown since its inception was -37.32%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for VCN.TO and XIU.TO.

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Drawdown Indicators

VCN.TOXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.32%

-52.31%

+14.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.11%

-7.65%

-1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-12.24%

-12.36%

+0.12%

Max Drawdown (5Y)

Largest decline over 5 years

-16.12%

-16.36%

+0.24%

Max Drawdown (10Y)

Largest decline over 10 years

-37.32%

-35.46%

-1.86%

Current Drawdown

Current decline from peak

-1.03%

-0.87%

-0.16%

Average Drawdown

Average peak-to-trough decline

-3.90%

-11.63%

+7.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.64%

+0.31%

Volatility

VCN.TO vs. XIU.TO - Volatility Comparison

Vanguard FTSE Canada All Cap Index ETF (VCN.TO) and iShares S&P/TSX 60 Index ETF (XIU.TO) have volatilities of 3.41% and 3.28%, 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.

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Volatility by Period

VCN.TOXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

3.28%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

10.27%

9.32%

+0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

12.57%

11.73%

+0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.03%

12.78%

+0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

15.01%

-0.03%

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

VCN.TO has a 0.06% expense ratio, which is lower than XIU.TO's 0.18% 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. XIU.TO - Dividend Comparison

VCN.TO's dividend yield for the trailing twelve months is around 2.00%, less than XIU.TO's 2.20% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.20%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

With a correlation of 0.98, VCN.TO and XIU.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.

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 0.18% for XIU.TO.

VCN.TO tracks FTSE Canada All Cap Domestic Index, while XIU.TO tracks S&P/TSX 60 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VCN.TO and 0.18% for XIU.TO.

Portfolio Optimizer

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