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

VDY.TO vs. VIGI

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and VIGI (Vanguard International Dividend Appreciation ETF) are both Dividend funds from Vanguard - VDY.TO tracks the FTSE Canada High Dividend Yield Index while VIGI tracks the S&P Global Ex-U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, VDY.TO returned 14.58%/yr vs 9.24%/yr for VIGI. At a 0.49 correlation, their price movements are largely independent. VDY.TO charges 0.22%/yr vs 0.15%/yr for VIGI.

Performance

VDY.TO vs. VIGI - 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 International Dividend Appreciation ETF (VIGI). 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 VIGI is traded in USD. To make them comparable, the VIGI 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 VIGI's 5.19% return. Over the past 10 years, VDY.TO has outperformed VIGI with an annualized return of 14.58%, while VIGI has yielded a comparatively lower 9.24% 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%

VIGI

1D
-0.04%
1M
3.53%
YTD
5.19%
6M
5.40%
1Y
9.44%
3Y*
11.15%
5Y*
7.33%
10Y*
9.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. VIGI - 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%
VIGI
Vanguard International Dividend Appreciation ETF		5.19%11.55%11.43%13.53%-11.51%12.46%11.94%22.28%-4.06%19.30%

Correlation

The correlation between VDY.TO and VIGI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.54

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

0.53

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

0.50

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2016

0.49

The correlation between VDY.TO and VIGI has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

VDY.TO vs. VIGI - Sectors Allocation Comparison

Sectors
VDY.TO
VIGI

Financial Services

56.0%
29.0%

Energy

30.8%
2.8%

Utilities

4.1%
4.8%

Consumer Cyclical

3.0%
3.1%

Communication Services

2.8%
1.3%

Basic Materials

2.2%
4.1%

Consumer Defensive

0.4%
9.7%

Technology

0.4%
11.5%

Industrials

0.2%
17.1%

Healthcare

0.1%
14.6%

Real Estate

-

1.3%

Financial Services

VDY.TO
56.0%
VIGI
29.0%

Energy

VDY.TO
30.8%
VIGI
2.8%

Utilities

VDY.TO
4.1%
VIGI
4.8%

Consumer Cyclical

VDY.TO
3.0%
VIGI
3.1%

Communication Services

VDY.TO
2.8%
VIGI
1.3%

Basic Materials

VDY.TO
2.2%
VIGI
4.1%

Consumer Defensive

VDY.TO
0.4%
VIGI
9.7%

Technology

VDY.TO
0.4%
VIGI
11.5%

Industrials

VDY.TO
0.2%
VIGI
17.1%

Healthcare

VDY.TO
0.1%
VIGI
14.6%

Real Estate

VDY.TO

-

VIGI
1.3%

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 International 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 VIGI:
VIGI vs. VYMIVIGI vs. VIGVIGI vs. SCHYVIGI vs. VXUSVIGI vs. IGROVIGI vs. SCHDVIGI vs. IQLT

Return for Risk

VDY.TO vs. VIGI — 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
VIGI
VIGI Risk / Return Rank: 1616
Overall Rank
VIGI Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VIGI Sortino Ratio Rank: 1515
Sortino Ratio Rank
VIGI Omega Ratio Rank: 1515
Omega Ratio Rank
VIGI Calmar Ratio Rank: 1616
Calmar Ratio Rank
VIGI Martin Ratio Rank: 1818
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. VIGI - 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 International Dividend Appreciation ETF (VIGI). 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.TOVIGIDifference
Sharpe ratioReturn per unit of total volatility
5.98
0.54

+5.44

Sortino ratioReturn per unit of downside risk
8.59
0.86

+7.73

Omega ratioGain probability vs. loss probability

2.21

1.10

+1.11

Calmar ratioReturn relative to maximum drawdown

15.94

0.74

+15.20

Martin ratioReturn relative to average drawdown

64.95

2.63

+62.31

VDY.TO vs. VIGI - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.98, which is higher than the VIGI Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of VDY.TO and VIGI, 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. VIGI - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than VIGI's maximum drawdown of -24.97%. Use the drawdown chart below to compare losses from any high point for VDY.TO and VIGI.

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Drawdown Indicators

VDY.TOVIGIDifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-24.97%

-14.24%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-10.08%

+6.96%

Max Drawdown (3Y)

Largest decline over 3 years

-10.38%

-12.30%

+1.92%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-22.59%

+6.42%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

-24.97%

-14.24%

Current Drawdown

Current decline from peak

0.00%

-0.29%

+0.29%

Average Drawdown

Average peak-to-trough decline

-4.47%

-4.38%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

2.89%

-2.13%

Volatility

VDY.TO vs. VIGI - Volatility Comparison

The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 3.27%, while Vanguard International Dividend Appreciation ETF (VIGI) has a volatility of 3.54%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky than VIGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDY.TOVIGIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

3.54%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

6.96%

10.93%

-3.97%

Volatility (1Y)

Calculated over the trailing 1-year period

8.32%

13.82%

-5.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.58%

15.67%

-4.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

17.12%

-1.17%

VDY.TO vs. VIGI - Expense Ratio Comparison

VDY.TO has a 0.22% expense ratio, which is higher than VIGI's 0.15% 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. VIGI - Dividend Comparison

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, more than VIGI's 2.14% 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%
VIGI
Vanguard International Dividend Appreciation ETF		2.14%2.14%1.93%1.92%2.06%7.02%1.29%1.83%1.99%1.75%1.05%0.00%

Frequently Asked Questions

VDY.TO and VIGI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIGI is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIGI is cheaper with a 0.15% expense ratio, compared with 0.22% for VDY.TO.

VDY.TO tracks FTSE Canada High Dividend Yield Index, while VIGI tracks S&P Global Ex-U.S. Dividend Growers Index. Their fees differ too: 0.22% for VDY.TO and 0.15% for VIGI.

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