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VDY.TO vs. VGRO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDY.TO vs. VGRO.TO

Last updated Jun 4, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and VGRO.TO (Vanguard Growth ETF Portfolio) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while VGRO.TO is a Diversified Portfolio fund actively managed by Vanguard. VDY.TO is passively managed, while VGRO.TO is actively managed. Over the past 5 years, VDY.TO returned 17.21%/yr vs 10.87%/yr for VGRO.TO. A 0.68 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.20%/yr for VGRO.TO.

Performance

VDY.TO vs. VGRO.TO - 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 Vanguard Growth ETF Portfolio (VGRO.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDY.TO achieves a 20.59% return, which is significantly higher than VGRO.TO's 10.34% return.

VDY.TO

1D
-0.07%
1M
4.52%
YTD
20.59%
6M
22.32%
1Y
46.18%
3Y*
26.00%
5Y*
17.21%
10Y*
14.02%

VGRO.TO

1D
-0.53%
1M
5.15%
YTD
10.34%
6M
9.39%
1Y
24.67%
3Y*
17.93%
5Y*
10.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. VGRO.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		20.59%29.20%20.71%8.40%-0.23%36.78%-1.37%21.43%-8.35%
VGRO.TO
Vanguard Growth ETF Portfolio		10.34%16.11%19.27%14.79%-11.21%14.79%10.85%17.74%-4.13%

Correlation

The correlation between VDY.TO and VGRO.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.55

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

0.65

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

0.66

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2018

0.68

The correlation between VDY.TO and VGRO.TO shifts across timeframes, from 0.55 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

VDY.TO vs. VGRO.TO - Sectors Allocation Comparison

Sectors
VDY.TO
VGRO.TO

Financial Services

56.0%
20.6%

Energy

30.8%
8.7%

Utilities

4.1%
2.8%

Consumer Cyclical

3.0%
7.8%

Communication Services

2.8%
6.0%

Basic Materials

2.2%
8.6%

Consumer Defensive

0.4%
4.6%

Technology

0.4%
20.3%

Industrials

0.2%
11.6%

Healthcare

0.1%
6.7%

Real Estate

-

2.3%

Financial Services

VDY.TO
56.0%
VGRO.TO
20.6%

Energy

VDY.TO
30.8%
VGRO.TO
8.7%

Utilities

VDY.TO
4.1%
VGRO.TO
2.8%

Consumer Cyclical

VDY.TO
3.0%
VGRO.TO
7.8%

Communication Services

VDY.TO
2.8%
VGRO.TO
6.0%

Basic Materials

VDY.TO
2.2%
VGRO.TO
8.6%

Consumer Defensive

VDY.TO
0.4%
VGRO.TO
4.6%

Technology

VDY.TO
0.4%
VGRO.TO
20.3%

Industrials

VDY.TO
0.2%
VGRO.TO
11.6%

Healthcare

VDY.TO
0.1%
VGRO.TO
6.7%

Real Estate

VDY.TO

-

VGRO.TO
2.3%

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 Canadian High Dividend Yield Index ETF

Vanguard Growth ETF Portfolio

Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO
Often compared with VGRO.TO:
VGRO.TO vs. VEQT.TOVGRO.TO vs. XEQT.TOVGRO.TO vs. VBAL.TOVGRO.TO vs. XGRO.TOVGRO.TO vs. TGRO.TOVGRO.TO vs. ZGRO.TOVGRO.TO vs. VOO

Return for Risk

VDY.TO vs. VGRO.TO — 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: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
VGRO.TO
VGRO.TO Risk / Return Rank: 7676
Overall Rank
VGRO.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VGRO.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
VGRO.TO Omega Ratio Rank: 7979
Omega Ratio Rank
VGRO.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
VGRO.TO Martin Ratio Rank: 7878
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.

VDY.TO vs. VGRO.TO - 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 Vanguard Growth ETF Portfolio (VGRO.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.

VDY.TOVGRO.TODifference
Sharpe ratioReturn per unit of total volatility
5.65
2.57

+3.08

Sortino ratioReturn per unit of downside risk
8.14
3.61

+4.53

Omega ratioGain probability vs. loss probability

2.14

1.48

+0.66

Calmar ratioReturn relative to maximum drawdown

14.88

3.54

+11.35

Martin ratioReturn relative to average drawdown

60.75

15.41

+45.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDY.TO vs. VGRO.TO - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.65, which is higher than the VGRO.TO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of VDY.TO and VGRO.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

VDY.TOVGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.65

2.57

+3.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.50

1.03

+0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.81

+0.03

Drawdowns

VDY.TO vs. VGRO.TO - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than VGRO.TO's maximum drawdown of -25.36%. Use the drawdown chart below to compare losses from any high point for VDY.TO and VGRO.TO.

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Drawdown Indicators

VDY.TOVGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-25.36%

-13.85%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-7.01%

+3.89%

Max Drawdown (3Y)

Largest decline over 3 years

-10.87%

-12.50%

+1.63%

Max Drawdown (5Y)

Largest decline over 5 years

-16.18%

-17.39%

+1.21%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

—

—

Current Drawdown

Current decline from peak

-0.77%

-0.53%

-0.24%

Average Drawdown

Average peak-to-trough decline

-4.61%

-3.41%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

1.60%

-0.84%

Volatility

VDY.TO vs. VGRO.TO - Volatility Comparison

Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Vanguard Growth ETF Portfolio (VGRO.TO) have volatilities of 3.31% and 3.18%, 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

VDY.TOVGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.31%

3.18%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.87%

7.86%

-0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

8.21%

9.62%

-1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.56%

10.64%

+0.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.96%

12.54%

+3.42%

VDY.TO vs. VGRO.TO - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is higher than VGRO.TO's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VDY.TO vs. VGRO.TO - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.90%, more than VGRO.TO's 1.71% yield.

PositionTTM20252024202320222021202020192018201720162015
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.90%3.59%4.40%4.64%4.42%3.58%4.59%4.25%4.43%3.82%3.25%4.11%
VGRO.TO
Vanguard Growth ETF Portfolio		1.71%1.88%2.01%2.13%2.14%1.80%1.77%2.17%2.09%0.00%0.00%0.00%

Frequently Asked Questions

VDY.TO and VGRO.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.22% for VDY.TO.

VDY.TO is categorized as Dividend, while VGRO.TO is Diversified Portfolio. Their fees differ too: 0.22% for VDY.TO and 0.20% for VGRO.TO.

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