VDY.TO vs. NNN

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) is Dividend fund tracking the FTSE Canada High Dividend Yield Index, while NNN (National Retail Properties, Inc.) is a stock. Over the past 10 years, VDY.TO returned 14.58%/yr vs 5.76%/yr for NNN. At a 0.26 correlation, their price movements are largely independent.

Performance

VDY.TO vs. NNN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and National Retail Properties, Inc. (NNN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VDY.TO is traded in CAD, while NNN is traded in USD. To make them comparable, the NNN values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VDY.TO having a 23.81% return and NNN slightly lower at 23.39%. Over the past 10 years, VDY.TO has outperformed NNN with an annualized return of 14.58%, while NNN has yielded a comparatively lower 5.76% annualized return.

VDY.TO

• 1D: 0.65%
• 1M: 5.30%
• YTD: 23.81%
• 6M: 23.43%
• 1Y: 49.57%
• 3Y*: 27.42%
• 5Y*: 17.91%
• 10Y*: 14.58%

NNN

• 1D: 1.23%
• 1M: 8.50%
• YTD: 23.39%
• 6M: 20.12%
• 1Y: 19.55%
• 3Y*: 10.47%
• 5Y*: 7.11%
• 10Y*: 5.76%

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

VDY.TO vs. NNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	23.81%	29.21%	21.44%	8.41%	-0.23%	36.60%	-1.37%	21.42%	-10.09%	8.32%
NNN National Retail Properties, Inc.	23.39%	-1.89%	8.40%	-2.96%	6.33%	23.02%	-21.21%	10.05%	27.73%	-4.91%

Correlation

The correlation between VDY.TO and NNN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012	0.26

The correlation between VDY.TO and NNN shifts across timeframes, from 0.18 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VDY.TO vs. NNN — Risk / Return Rank

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

VDY.TO

VDY.TO Risk / Return Rank: 98
VDY.TO Sharpe Ratio Rank: 99
VDY.TO Sortino Ratio Rank: 98
VDY.TO Omega Ratio Rank: 98
VDY.TO Calmar Ratio Rank: 98
VDY.TO Martin Ratio Rank: 98

NNN

NNN Risk / Return Rank: 70
NNN Sharpe Ratio Rank: 73
NNN Sortino Ratio Rank: 66
NNN Omega Ratio Rank: 63
NNN Calmar Ratio Rank: 75
NNN Martin Ratio Rank: 74

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.

VDY.TO vs. NNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and National Retail Properties, Inc. (NNN). 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.

	VDY.TO	NNN	Difference
Sharpe ratio: Return per unit of total volatility	5.98	1.08	+4.90
Sortino ratio: Return per unit of downside risk	8.59	1.57	+7.02
Omega ratio: Gain probability vs. loss probability	2.21	1.19	+1.02
Calmar ratio: Return relative to maximum drawdown	15.94	2.01	+13.93
Martin ratio: Return relative to average drawdown	64.95	5.37	+59.58

VDY.TO vs. NNN - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.98, which is higher than the NNN Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of VDY.TO and NNN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VDY.TO vs. NNN - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, smaller than the maximum NNN drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for VDY.TO and NNN.

Drawdown Indicators

	VDY.TO	NNN	Difference
Max Drawdown Largest peak-to-trough decline	-39.21%	-51.94%	+12.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-9.28%	+6.16%
Max Drawdown (3Y) Largest decline over 3 years	-10.38%	-19.29%	+8.91%
Max Drawdown (5Y) Largest decline over 5 years	-16.17%	-24.12%	+7.95%
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	-51.90%	+12.69%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.47%	-11.91%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	3.47%	-2.71%

Volatility

VDY.TO vs. NNN - Volatility Comparison

The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 3.27%, while National Retail Properties, Inc. (NNN) has a volatility of 5.51%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky than NNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDY.TO	NNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	5.51%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	6.96%	11.75%	-4.79%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	17.20%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.58%	20.42%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	28.52%	-12.57%

Dividends

VDY.TO vs. NNN - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, less than NNN's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NNN National Retail Properties, Inc.	5.15%	5.96%	5.61%	5.17%	4.72%	4.37%	5.06%	3.79%	4.02%	4.31%	4.03%	4.27%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	2.83%	3.59%	4.37%	4.64%	4.42%	3.46%	4.59%	4.25%	4.44%	3.42%	3.25%	4.11%

Frequently Asked Questions

Can I hold both VDY.TO and NNN in my portfolio?

VDY.TO and NNN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.