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

VDY.TO vs. VIG

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and VIG (Vanguard Dividend Appreciation ETF) are both Dividend funds from Vanguard - VDY.TO tracks the FTSE Canada High Dividend Yield Index while VIG tracks the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, VDY.TO returned 14.58%/yr vs 14.21%/yr for VIG. A 0.51 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.04%/yr for VIG.

Performance

VDY.TO vs. VIG - 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 Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, VDY.TO achieves a 23.81% return, which is significantly higher than VIG's 9.86% return. Both investments have delivered pretty close results over the past 10 years, with VDY.TO having a 14.58% annualized return and VIG not far behind at 14.21%.

VDY.TO

1D
0.65%
1M
5.11%
YTD
23.81%
6M
23.43%
1Y
49.57%
3Y*
27.42%
5Y*
17.91%
10Y*
14.58%

VIG

1D
0.72%
1M
4.63%
YTD
9.86%
6M
8.52%
1Y
22.82%
3Y*
17.72%
5Y*
13.99%
10Y*
14.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. VIG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VIG
Vanguard Dividend Appreciation ETF		9.86%8.96%26.89%11.79%-4.08%23.70%12.69%24.28%6.15%13.94%

Correlation

The correlation between VDY.TO and VIG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.51

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

0.54

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

0.52

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.51

The correlation between VDY.TO and VIG has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

VDY.TO vs. VIG - Sectors Allocation Comparison

Sectors
VDY.TO
VIG

Financial Services

56.0%
20.6%

Energy

30.8%
3.5%

Utilities

4.1%
3.2%

Consumer Cyclical

3.0%
4.7%

Communication Services

2.8%
0.5%

Basic Materials

2.2%
3.5%

Consumer Defensive

0.4%
10.1%

Technology

0.4%
26.2%

Industrials

0.2%
11.8%

Healthcare

0.1%
16.5%

Real Estate

-

-

Financial Services

VDY.TO
56.0%
VIG
20.6%

Energy

VDY.TO
30.8%
VIG
3.5%

Utilities

VDY.TO
4.1%
VIG
3.2%

Consumer Cyclical

VDY.TO
3.0%
VIG
4.7%

Communication Services

VDY.TO
2.8%
VIG
0.5%

Basic Materials

VDY.TO
2.2%
VIG
3.5%

Consumer Defensive

VDY.TO
0.4%
VIG
10.1%

Technology

VDY.TO
0.4%
VIG
26.2%

Industrials

VDY.TO
0.2%
VIG
11.8%

Healthcare

VDY.TO
0.1%
VIG
16.5%

Real Estate

VDY.TO

-

VIG

-

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 Dividend Appreciation ETF

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 VIG:
VIG vs. SCHDVIG vs. VYMVIG vs. VOOVIG vs. DGROVIG vs. VDIGXVIG vs. VTIVIG vs. VTV

Return for Risk

VDY.TO vs. VIG — 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: 9999
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
VIG
VIG Risk / Return Rank: 6060
Overall Rank
VIG Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VIG Sortino Ratio Rank: 6666
Sortino Ratio Rank
VIG Omega Ratio Rank: 6161
Omega Ratio Rank
VIG Calmar Ratio Rank: 5353
Calmar Ratio Rank
VIG Martin Ratio Rank: 6060
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. VIG - 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 Dividend Appreciation ETF (VIG). 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.TOVIGDifference
Sharpe ratioReturn per unit of total volatility
5.98
1.91

+4.07

Sortino ratioReturn per unit of downside risk
8.59
2.78

+5.81

Omega ratioGain probability vs. loss probability

2.21

1.34

+0.87

Calmar ratioReturn relative to maximum drawdown

15.94

2.97

+12.97

Martin ratioReturn relative to average drawdown

64.95

10.52

+54.42

VDY.TO vs. VIG - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.98, which is higher than the VIG Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of VDY.TO and VIG, 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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Drawdowns

VDY.TO vs. VIG - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than VIG's maximum drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for VDY.TO and VIG.

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Drawdown Indicators

VDY.TOVIGDifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-36.94%

-2.27%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-7.06%

+3.94%

Max Drawdown (3Y)

Largest decline over 3 years

-10.38%

-16.27%

+5.89%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-18.70%

+2.53%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

-25.56%

-13.65%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.47%

-6.10%

+1.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

2.00%

-1.24%

Volatility

VDY.TO vs. VIG - Volatility Comparison

Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 3.27% and 3.16%, 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.TOVIGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

3.16%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

6.96%

8.52%

-1.56%

Volatility (1Y)

Calculated over the trailing 1-year period

8.32%

11.00%

-2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.58%

15.46%

-3.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

17.28%

-1.33%

VDY.TO vs. VIG - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is higher than VIG's 0.04% 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. VIG - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, more than VIG's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VIG
Vanguard Dividend Appreciation ETF		1.47%1.62%1.73%1.88%1.96%1.55%1.63%1.71%2.08%1.88%2.14%2.34%

Frequently Asked Questions

VDY.TO and VIG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIG is cheaper with a 0.04% expense ratio, compared with 0.22% for VDY.TO.

VDY.TO tracks FTSE Canada High Dividend Yield Index, while VIG tracks S&P U.S. Dividend Growers Index. Their fees differ too: 0.22% for VDY.TO and 0.04% for VIG.

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