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VEQT.TO vs. IAU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEQT.TO vs. IAU

Last updated Jun 9, 2026

VEQT.TO (Vanguard All-Equity ETF Portfolio) and IAU (iShares Gold Trust) are both exchange-traded funds - VEQT.TO is a Global Equities fund actively managed by Vanguard, while IAU is a Gold fund tracking the LBMA Gold Price. VEQT.TO is actively managed, while IAU is passively managed. Over the past 5 years, VEQT.TO returned 13.66%/yr vs 21.07%/yr for IAU. At a 0.08 correlation, their price movements are largely independent. VEQT.TO charges 0.24%/yr vs 0.25%/yr for IAU.

Performance

VEQT.TO vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard All-Equity ETF Portfolio (VEQT.TO) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VEQT.TO is traded in CAD, while IAU is traded in USD. To make them comparable, the IAU values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEQT.TO achieves a 10.91% return, which is significantly higher than IAU's 2.05% return.

VEQT.TO

1D
0.40%
1M
1.46%
YTD
10.91%
6M
11.25%
1Y
28.86%
3Y*
21.80%
5Y*
13.66%
10Y*
—

IAU

1D
0.44%
1M
-6.56%
YTD
2.05%
6M
3.86%
1Y
32.87%
3Y*
31.73%
5Y*
21.07%
10Y*
13.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEQT.TO vs. IAU - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VEQT.TO
Vanguard All-Equity ETF Portfolio		10.91%20.37%24.98%16.71%-10.76%19.62%11.43%12.97%
IAU
iShares Gold Trust		2.05%56.46%37.59%10.15%5.66%-4.05%22.07%14.68%

Correlation

The correlation between VEQT.TO and IAU is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.19

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

0.13

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2019

0.08

The correlation between VEQT.TO and IAU shifts across timeframes, from 0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

VEQT.TO vs. IAU - Sectors Allocation Comparison

Sectors
VEQT.TO
IAU

Financial Services

20.7%

-

Technology

20.3%

-

Industrials

11.6%

-

Energy

8.7%

-

Basic Materials

8.6%

-

Consumer Cyclical

7.8%

-

Healthcare

6.6%

-

Communication Services

6.0%

-

Consumer Defensive

4.5%

-

Utilities

2.8%

-

Real Estate

2.2%
100.0%

Financial Services

VEQT.TO
20.7%
IAU

-

Technology

VEQT.TO
20.3%
IAU

-

Industrials

VEQT.TO
11.6%
IAU

-

Energy

VEQT.TO
8.7%
IAU

-

Basic Materials

VEQT.TO
8.6%
IAU

-

Consumer Cyclical

VEQT.TO
7.8%
IAU

-

Healthcare

VEQT.TO
6.6%
IAU

-

Communication Services

VEQT.TO
6.0%
IAU

-

Consumer Defensive

VEQT.TO
4.5%
IAU

-

Utilities

VEQT.TO
2.8%
IAU

-

Real Estate

VEQT.TO
2.2%
IAU
100.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard All-Equity ETF Portfolio

iShares Gold Trust

Often compared with VEQT.TO:
VEQT.TO vs. XEQT.TOVEQT.TO vs. VFV.TOVEQT.TO vs. VGRO.TOVEQT.TO vs. VOOVEQT.TO vs. ZEQT.TOVEQT.TO vs. SPYVEQT.TO vs. VBAL.TO
Often compared with IAU:
IAU vs. GLDIAU vs. GLDMIAU vs. IAUMIAU vs. SGOLIAU vs. GDXIAU vs. VOOIAU vs. PHYS

Return for Risk

VEQT.TO vs. IAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEQT.TO
VEQT.TO Risk / Return Rank: 8282
Overall Rank
VEQT.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8484
Martin Ratio Rank
IAU
IAU Risk / Return Rank: 3333
Overall Rank
IAU Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IAU Sortino Ratio Rank: 3131
Sortino Ratio Rank
IAU Omega Ratio Rank: 3838
Omega Ratio Rank
IAU Calmar Ratio Rank: 3434
Calmar Ratio Rank
IAU Martin Ratio Rank: 2929
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.

VEQT.TO vs. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and iShares Gold Trust (IAU). 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.TOIAUDifference
Sharpe ratioReturn per unit of total volatility
2.44
1.24

+1.20

Sortino ratioReturn per unit of downside risk
3.30
1.63

+1.67

Omega ratioGain probability vs. loss probability

1.45

1.24

+0.21

Calmar ratioReturn relative to maximum drawdown

3.60

1.84

+1.76

Martin ratioReturn relative to average drawdown

15.74

4.48

+11.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEQT.TO vs. IAU - Sharpe Ratio Comparison

The current VEQT.TO Sharpe Ratio is 2.44, which is higher than the IAU Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of VEQT.TO and IAU, 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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Sharpe Ratios by Period

VEQT.TOIAUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.44

1.24

+1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.06

1.12

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.63

+0.27

Drawdowns

VEQT.TO vs. IAU - Drawdown Comparison

The maximum VEQT.TO drawdown since its inception was -30.45%, smaller than the maximum IAU drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and IAU.

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Drawdown Indicators

VEQT.TOIAUDifference

Max Drawdown

Largest peak-to-trough decline

-30.45%

-33.49%

+3.04%

Max Drawdown (1Y)

Largest decline over 1 year

-8.05%

-17.93%

+9.88%

Max Drawdown (3Y)

Largest decline over 3 years

-15.46%

-17.93%

+2.47%

Max Drawdown (5Y)

Largest decline over 5 years

-18.32%

-17.93%

-0.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.85%

—

Current Drawdown

Current decline from peak

-2.22%

-17.57%

+15.35%

Average Drawdown

Average peak-to-trough decline

-3.70%

-10.64%

+6.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

7.36%

-5.52%

Volatility

VEQT.TO vs. IAU - Volatility Comparison

The current volatility for Vanguard All-Equity ETF Portfolio (VEQT.TO) is 4.34%, while iShares Gold Trust (IAU) has a volatility of 5.79%. This indicates that VEQT.TO experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEQT.TOIAUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

5.79%

-1.45%

Volatility (6M)

Calculated over the trailing 6-month period

9.78%

23.27%

-13.49%

Volatility (1Y)

Calculated over the trailing 1-year period

11.92%

26.66%

-14.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.95%

18.94%

-5.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.79%

17.17%

-1.38%

VEQT.TO vs. IAU - Expense Ratio Comparison

VEQT.TO has a 0.24% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VEQT.TO vs. IAU - Dividend Comparison

VEQT.TO's dividend yield for the trailing twelve months is around 1.28%, while IAU has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
IAU
iShares Gold Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.28%1.42%1.58%1.88%2.09%1.40%1.48%1.43%

Frequently Asked Questions

VEQT.TO and IAU have a correlation of 0.27, 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 0.25% for IAU.

VEQT.TO is categorized as Global Equities, while IAU is Gold. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for VEQT.TO and 0.25% for IAU.

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