VDY.TO vs. VRIF.TO
VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and VRIF.TO (Vanguard Retirement Income ETF Portfolio) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while VRIF.TO is a Diversified Portfolio fund actively managed by Vanguard. VDY.TO is passively managed, while VRIF.TO is actively managed. Over the past 5 years, VDY.TO returned 17.91%/yr vs 4.60%/yr for VRIF.TO. At a 0.50 correlation, their price movements are largely independent. VDY.TO charges 0.22%/yr vs 0.29%/yr for VRIF.TO.
Performance
VDY.TO vs. VRIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VDY.TO achieves a 23.81% return, which is significantly higher than VRIF.TO's 4.98% return.
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%
VRIF.TO
- 1D
- 0.37%
- 1M
- 2.46%
- YTD
- 4.98%
- 6M
- 5.47%
- 1Y
- 12.45%
- 3Y*
- 9.77%
- 5Y*
- 4.60%
- 10Y*
- —
VDY.TO vs. VRIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 23.81% | 29.21% | 21.44% | 8.41% | -0.23% | 36.60% | 10.21% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 4.98% | 10.60% | 8.42% | 8.96% | -11.50% | 7.44% | 5.09% |
Correlation
The correlation between VDY.TO and VRIF.TO 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.50 |
The correlation between VDY.TO and VRIF.TO has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
VDY.TO vs. VRIF.TO — Risk / Return Rank
VDY.TO
VRIF.TO
VDY.TO vs. VRIF.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 Retirement Income ETF Portfolio (VRIF.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.
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 | VRIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.86 | ||
| Sortino ratioReturn per unit of downside risk | +5.48 | ||
| Omega ratioGain probability vs. loss probability | 2.21 | 1.41 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 15.94 | 2.60 | +13.34 |
| Martin ratioReturn relative to average drawdown | 64.95 | 10.71 | +54.24 |
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Drawdowns
VDY.TO vs. VRIF.TO - Drawdown Comparison
The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than VRIF.TO's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for VDY.TO and VRIF.TO.
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Drawdown Indicators
| VDY.TO | VRIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -16.19% | -23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -4.57% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -10.38% | -5.01% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.19% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -3.86% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.11% | -0.35% |
Volatility
VDY.TO vs. VRIF.TO - Volatility Comparison
Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a higher volatility of 3.27% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 2.42%. This indicates that VDY.TO's price experiences larger fluctuations and is considered to be riskier than VRIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDY.TO | VRIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.42% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 4.82% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.32% | 5.59% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 6.26% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 6.27% | +9.68% |
VDY.TO vs. VRIF.TO - Expense Ratio Comparison
VDY.TO has a 0.22% expense ratio, which is lower than VRIF.TO's 0.29% expense ratio.
Dividends
VDY.TO vs. VRIF.TO - Dividend Comparison
VDY.TO's dividend yield for the trailing twelve months is around 2.83%, less than VRIF.TO's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.73% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VDY.TO and VRIF.TO 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, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.29% for VRIF.TO.
VDY.TO is categorized as Dividend, while VRIF.TO is Diversified Portfolio. Their fees differ too: 0.22% for VDY.TO and 0.29% for VRIF.TO.
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