VEQT.TO vs. CIE.NEO
VEQT.TO (Vanguard All-Equity ETF Portfolio) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds. VEQT.TO is actively managed, while CIE.NEO is passively managed. Over the past 5 years, VEQT.TO returned 14.01%/yr vs 15.50%/yr for CIE.NEO. A 0.69 correlation means they provide meaningful diversification when combined. VEQT.TO charges 0.24%/yr vs 0.73%/yr for CIE.NEO.
Performance
VEQT.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, VEQT.TO achieves a 12.75% return, which is significantly lower than CIE.NEO's 17.83% return.
VEQT.TO
- 1D
- -0.54%
- 1M
- 6.10%
- YTD
- 12.75%
- 6M
- 12.66%
- 1Y
- 31.65%
- 3Y*
- 22.37%
- 5Y*
- 14.01%
- 10Y*
- —
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
VEQT.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEQT.TO Vanguard All-Equity ETF Portfolio | 12.75% | 20.37% | 24.73% | 16.70% | -10.76% | 19.62% | 11.42% | 12.94% |
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 6.60% |
Correlation
The correlation between VEQT.TO and CIE.NEO is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.69 |
The correlation between VEQT.TO and CIE.NEO has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
VEQT.TO vs. CIE.NEO — Risk / Return Rank
VEQT.TO
CIE.NEO
VEQT.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| VEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.54 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 3.57 | +0.37 |
| Martin ratioReturn relative to average drawdown | 17.38 | 14.78 | +2.60 |
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
| VEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.85 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.13 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.44 | +0.47 |
Drawdowns
VEQT.TO vs. CIE.NEO - Drawdown Comparison
The maximum VEQT.TO drawdown since its inception was -30.45%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and CIE.NEO.
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Drawdown Indicators
| VEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.45% | -40.08% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -11.10% | +3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.46% | -15.44% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.32% | -20.55% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.08% | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.39% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -7.13% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.68% | -0.85% |
Volatility
VEQT.TO vs. CIE.NEO - Volatility Comparison
The current volatility for Vanguard All-Equity ETF Portfolio (VEQT.TO) is 3.68%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.85%. This indicates that VEQT.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.85% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 11.56% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 13.95% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 13.85% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 18.19% | -2.42% |
VEQT.TO vs. CIE.NEO - Expense Ratio Comparison
VEQT.TO has a 0.24% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.
Dividends
VEQT.TO vs. CIE.NEO - Dividend Comparison
VEQT.TO's dividend yield for the trailing twelve months is around 1.26%, less than CIE.NEO's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEQT.TO and CIE.NEO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.73% for CIE.NEO.
They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for VEQT.TO and 0.73% for CIE.NEO.
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