VEF.TO vs. VMO.TO
VEF.TO (Vanguard FTSE Developed All Cap Ex US) and VMO.TO (Vanguard Global Momentum Factor ETF CAD) are both exchange-traded funds - VEF.TO is a Global Equities fund tracking the Spliced FTSE Developed ex US Index Hedged in CAD, while VMO.TO is a Momentum fund actively managed by Vanguard. VEF.TO is passively managed, while VMO.TO is actively managed. Over the past 5 years, VEF.TO returned 12.71%/yr vs 17.80%/yr for VMO.TO. A 0.63 correlation means they provide meaningful diversification when combined. VEF.TO charges 0.22%/yr vs 0.38%/yr for VMO.TO.
Performance
VEF.TO vs. VMO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VEF.TO achieves a 16.05% return, which is significantly lower than VMO.TO's 25.71% return.
VEF.TO
- 1D
- -0.44%
- 1M
- 7.02%
- YTD
- 16.05%
- 6M
- 18.30%
- 1Y
- 33.85%
- 3Y*
- 19.04%
- 5Y*
- 12.71%
- 10Y*
- 11.33%
VMO.TO
- 1D
- 0.55%
- 1M
- 7.68%
- YTD
- 25.71%
- 6M
- 24.99%
- 1Y
- 48.00%
- 3Y*
- 31.06%
- 5Y*
- 17.80%
- 10Y*
- —
VEF.TO vs. VMO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEF.TO Vanguard FTSE Developed All Cap Ex US | 16.05% | 24.61% | 10.91% | 18.02% | -7.54% | 18.04% | 2.10% | 22.61% | -11.96% | 16.90% |
VMO.TO Vanguard Global Momentum Factor ETF CAD | 25.71% | 23.20% | 29.68% | 14.93% | -9.09% | 15.67% | 21.39% | 19.55% | -5.19% | 16.81% |
Correlation
The correlation between VEF.TO and VMO.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2016 | 0.63 |
The correlation between VEF.TO and VMO.TO shifts across timeframes, from 0.63 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
VEF.TO vs. VMO.TO - Sectors Allocation Comparison
Sectors
VEF.TO
VMO.TO
Financial Services
Industrials
Technology
Healthcare
Basic Materials
Consumer Cyclical
Consumer Defensive
Energy
Communication Services
Utilities
Real Estate
Financial Services
VEF.TO
VMO.TO
Industrials
VEF.TO
VMO.TO
Technology
VEF.TO
VMO.TO
Healthcare
VEF.TO
VMO.TO
Basic Materials
VEF.TO
VMO.TO
Consumer Cyclical
VEF.TO
VMO.TO
Consumer Defensive
VEF.TO
VMO.TO
Energy
VEF.TO
VMO.TO
Communication Services
VEF.TO
VMO.TO
Utilities
VEF.TO
VMO.TO
Real Estate
VEF.TO
VMO.TO
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Return for Risk
VEF.TO vs. VMO.TO — Risk / Return Rank
VEF.TO
VMO.TO
VEF.TO vs. VMO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap Ex US (VEF.TO) and Vanguard Global Momentum Factor ETF CAD (VMO.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.
| VEF.TO | VMO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.43 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 4.79 | -1.35 |
| Martin ratioReturn relative to average drawdown | 14.77 | 19.35 | -4.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEF.TO | VMO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.51 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.01 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.89 | -0.18 |
Drawdowns
VEF.TO vs. VMO.TO - Drawdown Comparison
The maximum VEF.TO drawdown since its inception was -33.03%, which is greater than VMO.TO's maximum drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for VEF.TO and VMO.TO.
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Drawdown Indicators
| VEF.TO | VMO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -30.53% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -10.07% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.78% | -19.72% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -23.27% | +6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.03% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -5.21% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.49% | -0.19% |
Volatility
VEF.TO vs. VMO.TO - Volatility Comparison
The current volatility for Vanguard FTSE Developed All Cap Ex US (VEF.TO) is 4.94%, while Vanguard Global Momentum Factor ETF CAD (VMO.TO) has a volatility of 6.22%. This indicates that VEF.TO experiences smaller price fluctuations and is considered to be less risky than VMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEF.TO | VMO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 6.22% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 15.58% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 19.21% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 17.66% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 17.91% | -2.41% |
VEF.TO vs. VMO.TO - Expense Ratio Comparison
VEF.TO has a 0.22% expense ratio, which is lower than VMO.TO's 0.38% expense ratio.
Dividends
VEF.TO vs. VMO.TO - Dividend Comparison
VEF.TO's dividend yield for the trailing twelve months is around 2.05%, more than VMO.TO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEF.TO Vanguard FTSE Developed All Cap Ex US | 2.05% | 2.61% | 2.55% | 2.50% | 2.21% | 2.55% | 1.73% | 2.41% | 2.64% | 2.21% | 2.31% | 2.39% |
VMO.TO Vanguard Global Momentum Factor ETF CAD | 0.68% | 0.85% | 0.90% | 1.03% | 1.65% | 1.09% | 0.70% | 1.70% | 0.80% | 1.15% | 0.51% | 0.00% |
Frequently Asked Questions
VEF.TO and VMO.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEF.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEF.TO is cheaper with a 0.22% expense ratio, compared with 0.38% for VMO.TO.
VEF.TO is categorized as Global Equities, while VMO.TO is Momentum. Their fees differ too: 0.22% for VEF.TO and 0.38% for VMO.TO.
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