VEQT.TO vs. SHLD

Last updated Jun 14, 2026

VEQT.TO (Vanguard All-Equity ETF Portfolio) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - VEQT.TO is a Global Equities fund actively managed by Vanguard, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. VEQT.TO is actively managed, while SHLD is passively managed. Over the past year, VEQT.TO returned 31.77% vs 11.25% for SHLD. At a 0.42 correlation, their price movements are largely independent. VEQT.TO charges 0.24%/yr vs 0.50%/yr for SHLD.

Performance

VEQT.TO vs. SHLD - Performance Comparison

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

Different Trading Currencies

VEQT.TO is traded in CAD, while SHLD is traded in USD. To make them comparable, the SHLD 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 12.47% return, which is significantly higher than SHLD's 0.50% return.

VEQT.TO

• 1D: 0.68%
• 1M: 3.48%
• YTD: 12.47%
• 6M: 12.94%
• 1Y: 31.77%
• 3Y*: 21.97%
• 5Y*: 13.79%
• 10Y*: —

SHLD

• 1D: -1.86%
• 1M: 4.23%
• YTD: 0.50%
• 6M: 0.38%
• 1Y: 11.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEQT.TO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VEQT.TO Vanguard All-Equity ETF Portfolio	12.47%	20.37%	24.98%	4.85%
SHLD Global X Defense Tech ETF	0.50%	66.21%	46.46%	10.22%

Correlation

The correlation between VEQT.TO and SHLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.42

VEQT.TO vs. SHLD - Sectors Allocation Comparison

Sectors	VEQT.TO	SHLD
Financial Services	20.7%	-
Technology	20.3%	12.2%
Industrials	11.6%	87.8%
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%	-

Return for Risk

VEQT.TO vs. SHLD — 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: 86
VEQT.TO Sharpe Ratio Rank: 88
VEQT.TO Sortino Ratio Rank: 87
VEQT.TO Omega Ratio Rank: 86
VEQT.TO Calmar Ratio Rank: 82
VEQT.TO Martin Ratio Rank: 87

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and Global X Defense Tech ETF (SHLD). 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.

	VEQT.TO	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.50	0.51	+1.99
Sortino ratio: Return per unit of downside risk	3.40	0.90	+2.50
Omega ratio: Gain probability vs. loss probability	1.46	1.10	+0.36
Calmar ratio: Return relative to maximum drawdown	3.78	0.62	+3.16
Martin ratio: Return relative to average drawdown	16.35	1.52	+14.83

VEQT.TO vs. SHLD - Sharpe Ratio Comparison

The current VEQT.TO Sharpe Ratio is 2.50, which is higher than the SHLD Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of VEQT.TO and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEQT.TO vs. SHLD - Drawdown Comparison

The maximum VEQT.TO drawdown since its inception was -30.45%, which is greater than SHLD's maximum drawdown of -20.93%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and SHLD.

Drawdown Indicators

	VEQT.TO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-30.45%	-20.93%	-9.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-20.93%	+12.88%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.32%	—	—
Current Drawdown Current decline from peak	-0.84%	-17.59%	+16.75%
Average Drawdown Average peak-to-trough decline	-3.70%	-3.33%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	8.51%	-6.65%

Volatility

VEQT.TO vs. SHLD - Volatility Comparison

The current volatility for Vanguard All-Equity ETF Portfolio (VEQT.TO) is 5.00%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.19%. This indicates that VEQT.TO experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEQT.TO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	9.19%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	20.71%	-10.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	25.23%	-13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	21.96%	-8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	21.96%	-6.16%

VEQT.TO vs. SHLD - Expense Ratio Comparison

VEQT.TO has a 0.24% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

VEQT.TO vs. SHLD - Dividend Comparison

VEQT.TO's dividend yield for the trailing twelve months is around 1.26%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%
VEQT.TO Vanguard All-Equity ETF Portfolio	1.26%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.43%

Frequently Asked Questions

Can I hold both VEQT.TO and SHLD in my portfolio?

VEQT.TO and SHLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEQT.TO or SHLD?

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.

Which ETF is cheaper, VEQT.TO or SHLD?

VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.50% for SHLD.

What is the main difference between VEQT.TO and SHLD?

VEQT.TO is categorized as Global Equities, while SHLD is Aerospace & Defense. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.24% for VEQT.TO and 0.50% for SHLD.