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VE.TO vs. RPD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VE.TO vs. RPD.TO

Last updated Jul 18, 2026
Documentation

VE.TO (Vanguard FTSE Developed Europe All Cap Index ETF) and RPD.TO (RBC Quant European Dividend Leaders ETF) are both Europe Equities funds. VE.TO is passively managed, while RPD.TO is actively managed. Over the past 10 years, VE.TO returned 10.51%/yr vs 10.09%/yr for RPD.TO. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

VE.TO vs. RPD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) and RBC Quant European Dividend Leaders ETF (RPD.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, VE.TO achieves a 9.79% return, which is significantly lower than RPD.TO's 15.72% return. Both investments have delivered pretty close results over the past 10 years, with VE.TO having a 10.51% annualized return and RPD.TO not far behind at 10.09%.

VE.TO

1D
-0.48%
1M
-0.33%
6M
5.29%
YTD
9.79%
1Y
19.99%
3Y*
17.54%
5Y*
11.31%
10Y*
10.51%

RPD.TO

1D
-0.67%
1M
-1.11%
6M
10.40%
YTD
15.72%
1Y
32.57%
3Y*
23.91%
5Y*
14.80%
10Y*
10.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VE.TO vs. RPD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF		9.79%29.58%10.77%16.67%-10.08%15.65%3.00%18.14%-7.96%18.82%
RPD.TO
RBC Quant European Dividend Leaders ETF		15.72%39.81%9.01%20.93%-10.71%17.45%-1.87%10.32%-9.50%11.02%

Correlation

The correlation between VE.TO and RPD.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.84

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

0.57

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

0.48

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

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2014

0.52

Over the past year, VE.TO and RPD.TO have become more correlated (0.84) than their long-term average of 0.52, meaning their price movements have been converging.

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 Developed Europe All Cap Index ETF

RBC Quant European Dividend Leaders ETF

Often compared with VE.TO:
VE.TO vs. VIU.TOVE.TO vs. XEU.TOVE.TO vs. QQQVE.TO vs. VA.TOVE.TO vs. VEAVE.TO vs. XEF.TOVE.TO vs. VXC.TO
Often compared with RPD.TO:
RPD.TO vs. RPDH.TORPD.TO vs. RBO.TORPD.TO vs. RID.TORPD.TO vs. RLB.TORPD.TO vs. RQO.TORPD.TO vs. RQP.TORPD.TO vs. RIDH.TO

Return for Risk

VE.TO vs. RPD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VE.TO
VE.TO Risk / Return Rank: 4545
Overall Rank
VE.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VE.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
VE.TO Omega Ratio Rank: 4646
Omega Ratio Rank
VE.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
VE.TO Martin Ratio Rank: 4747
Martin Ratio Rank
RPD.TO
RPD.TO Risk / Return Rank: 8888
Overall Rank
RPD.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
RPD.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
RPD.TO Omega Ratio Rank: 8989
Omega Ratio Rank
RPD.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
RPD.TO Martin Ratio Rank: 8686
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.

VE.TO vs. RPD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) and RBC Quant European Dividend Leaders ETF (RPD.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.

VE.TORPD.TODifference
Sharpe ratioReturn per unit of total volatility
1.31
2.34

-1.03

Sortino ratioReturn per unit of downside risk
1.95
3.34

-1.39

Omega ratioGain probability vs. loss probability

1.24

1.43

-0.19

Calmar ratioReturn relative to maximum drawdown

1.58

3.45

-1.87

Martin ratioReturn relative to average drawdown

6.10

13.15

-7.05

VE.TO vs. RPD.TO - Sharpe Ratio Comparison

The current VE.TO Sharpe Ratio is 1.31, which is lower than the RPD.TO Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of VE.TO and RPD.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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Drawdowns

VE.TO vs. RPD.TO - Drawdown Comparison

The maximum VE.TO drawdown since its inception was -31.66%, smaller than the maximum RPD.TO drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for VE.TO and RPD.TO.

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Drawdown Indicators

VE.TORPD.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.66%

-34.70%

+3.04%

Max Drawdown (1Y)

Largest decline over 1 year

-12.68%

-9.48%

-3.20%

Max Drawdown (3Y)

Largest decline over 3 years

-14.67%

-13.77%

-0.90%

Max Drawdown (5Y)

Largest decline over 5 years

-27.25%

-26.48%

-0.77%

Max Drawdown (10Y)

Largest decline over 10 years

-31.66%

-34.70%

+3.04%

Current Drawdown

Current decline from peak

-3.10%

-2.91%

-0.19%

Average Drawdown

Average peak-to-trough decline

-5.55%

-6.09%

+0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.28%

2.48%

+0.80%

Volatility

VE.TO vs. RPD.TO - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) is 3.06%, while RBC Quant European Dividend Leaders ETF (RPD.TO) has a volatility of 3.23%. This indicates that VE.TO experiences smaller price fluctuations and is considered to be less risky than RPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VE.TORPD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

3.23%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

13.21%

11.79%

+1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

15.29%

14.00%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.16%

14.77%

+0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.83%

15.54%

+0.29%

Dividends

VE.TO vs. RPD.TO - Dividend Comparison

VE.TO's dividend yield for the trailing twelve months is around 2.66%, less than RPD.TO's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
RPD.TO
RBC Quant European Dividend Leaders ETF		2.86%2.97%3.46%3.47%3.63%2.37%3.14%5.53%5.54%3.01%3.63%3.10%
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF		2.66%2.58%2.97%2.97%3.19%2.97%2.41%3.79%3.57%2.22%2.33%2.47%

Frequently Asked Questions

VE.TO and RPD.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Vanguard and RBC.

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