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

VDY.TO vs. VTV

Last updated Jun 14, 2026

VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, VDY.TO returned 14.58%/yr vs 13.75%/yr for VTV. A 0.59 correlation means they provide meaningful diversification when combined. VDY.TO charges 0.22%/yr vs 0.04%/yr for VTV.

Performance

VDY.TO vs. VTV - 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 Value ETF (VTV). 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 VTV is traded in USD. To make them comparable, the VTV 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 VTV's 16.61% return. Over the past 10 years, VDY.TO has outperformed VTV with an annualized return of 14.58%, while VTV has yielded a comparatively lower 13.75% 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%

VTV

1D
1.12%
1M
5.89%
YTD
16.61%
6M
15.61%
1Y
31.43%
3Y*
19.93%
5Y*
15.04%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDY.TO vs. VTV - 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%
VTV
Vanguard Value ETF		16.61%10.01%25.77%6.71%4.12%26.47%-0.10%20.48%2.47%9.21%

Correlation

The correlation between VDY.TO and VTV is 0.54, 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

0.54

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

0.59

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

0.63

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

0.61

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

0.59

The correlation between VDY.TO and VTV has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

VDY.TO vs. VTV - Sectors Allocation Comparison

Sectors
VDY.TO
VTV

Financial Services

56.0%
22.3%

Energy

30.8%
8.1%

Utilities

4.1%
5.2%

Consumer Cyclical

3.0%
4.0%

Communication Services

2.8%
3.3%

Basic Materials

2.2%
3.1%

Consumer Defensive

0.4%
9.4%

Technology

0.4%
13.4%

Industrials

0.2%
14.0%

Healthcare

0.1%
14.5%

Real Estate

-

2.8%

Financial Services

VDY.TO
56.0%
VTV
22.3%

Energy

VDY.TO
30.8%
VTV
8.1%

Utilities

VDY.TO
4.1%
VTV
5.2%

Consumer Cyclical

VDY.TO
3.0%
VTV
4.0%

Communication Services

VDY.TO
2.8%
VTV
3.3%

Basic Materials

VDY.TO
2.2%
VTV
3.1%

Consumer Defensive

VDY.TO
0.4%
VTV
9.4%

Technology

VDY.TO
0.4%
VTV
13.4%

Industrials

VDY.TO
0.2%
VTV
14.0%

Healthcare

VDY.TO
0.1%
VTV
14.5%

Real Estate

VDY.TO

-

VTV
2.8%

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 Value 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 VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG

Return for Risk

VDY.TO vs. VTV — 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
VTV
VTV Risk / Return Rank: 8888
Overall Rank
VTV Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 9090
Sortino Ratio Rank
VTV Omega Ratio Rank: 8787
Omega Ratio Rank
VTV Calmar Ratio Rank: 8787
Calmar Ratio Rank
VTV Martin Ratio Rank: 8787
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. VTV - 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 Value ETF (VTV). 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.TOVTVDifference
Sharpe ratioReturn per unit of total volatility
5.98
2.65

+3.33

Sortino ratioReturn per unit of downside risk
8.59
3.82

+4.77

Omega ratioGain probability vs. loss probability

2.21

1.47

+0.74

Calmar ratioReturn relative to maximum drawdown

15.94

5.21

+10.73

Martin ratioReturn relative to average drawdown

64.95

19.15

+45.80

VDY.TO vs. VTV - Sharpe Ratio Comparison

The current VDY.TO Sharpe Ratio is 5.98, which is higher than the VTV Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of VDY.TO and VTV, 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. VTV - Drawdown Comparison

The maximum VDY.TO drawdown since its inception was -39.21%, smaller than the maximum VTV drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for VDY.TO and VTV.

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Drawdown Indicators

VDY.TOVTVDifference

Max Drawdown

Largest peak-to-trough decline

-39.21%

-52.38%

+13.17%

Max Drawdown (1Y)

Largest decline over 1 year

-3.12%

-5.74%

+2.62%

Max Drawdown (3Y)

Largest decline over 3 years

-10.38%

-15.12%

+4.74%

Max Drawdown (5Y)

Largest decline over 5 years

-16.17%

-15.12%

-1.05%

Max Drawdown (10Y)

Largest decline over 10 years

-39.21%

-31.22%

-7.99%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.47%

-9.15%

+4.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

1.56%

-0.80%

Volatility

VDY.TO vs. VTV - Volatility Comparison

The current volatility for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) is 3.27%, while Vanguard Value ETF (VTV) has a volatility of 3.58%. This indicates that VDY.TO experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDY.TOVTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

3.58%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

6.96%

8.63%

-1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

8.32%

11.27%

-2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.58%

15.09%

-3.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.95%

17.74%

-1.79%

VDY.TO vs. VTV - Expense Ratio Comparison

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

VDY.TO's dividend yield for the trailing twelve months is around 2.83%, more than VTV's 1.83% 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%
VTV
Vanguard Value ETF		1.83%2.05%2.31%2.46%2.52%2.15%2.56%2.50%2.73%2.29%2.44%2.60%

Frequently Asked Questions

VDY.TO and VTV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

VDY.TO is categorized as Dividend, while VTV is Large Cap Value Equities. VDY.TO tracks FTSE Canada High Dividend Yield Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.22% for VDY.TO and 0.04% for VTV.

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