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

VEQT.TO vs. VBAL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard All-Equity ETF Portfolio (VEQT.TO) and Vanguard Balanced ETF Portfolio (VBAL.TO).

VEQT.TO and VBAL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEQT.TO is an actively managed fund by Vanguard. It was launched on Jan 29, 2019. VBAL.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.

Performance

VEQT.TO vs. VBAL.TO - Performance Comparison

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

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VEQT.TO vs. VBAL.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VEQT.TO
Vanguard All-Equity ETF Portfolio		0.63%20.37%24.73%16.70%-10.76%19.62%11.42%12.94%
VBAL.TO
Vanguard Balanced ETF Portfolio		0.43%13.28%14.60%12.46%-11.41%10.19%10.25%10.16%

Returns By Period

In the year-to-date period, VEQT.TO achieves a 0.63% return, which is significantly higher than VBAL.TO's 0.43% return.

VEQT.TO

1D
2.72%
1M
-4.40%
YTD
0.63%
6M
3.57%
1Y
21.64%
3Y*
18.51%
5Y*
12.03%
10Y*
—

VBAL.TO

1D
1.84%
1M
-3.47%
YTD
0.43%
6M
2.10%
1Y
13.39%
3Y*
11.80%
5Y*
6.97%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

Vanguard Balanced ETF Portfolio

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. VXC.TO
Often compared with VBAL.TO:
VBAL.TO vs. VGRO.TOVBAL.TO vs. XBAL.TOVBAL.TO vs. XEQT.TOVBAL.TO vs. VTVBAL.TO vs. VOOVBAL.TO vs. VCNS.TOVBAL.TO vs. ZMMK.TO

VEQT.TO vs. VBAL.TO - Expense Ratio Comparison

Both VEQT.TO and VBAL.TO have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

VEQT.TO
Vanguard All-Equity ETF Portfolio
VBAL.TO
Vanguard Balanced ETF Portfolio

Return for Risk

VEQT.TO vs. VBAL.TO — 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: 7979
Overall Rank
VEQT.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8181
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8282
Martin Ratio Rank
VBAL.TO
VBAL.TO Risk / Return Rank: 7777
Overall Rank
VBAL.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VBAL.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
VBAL.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VBAL.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
VBAL.TO Martin Ratio Rank: 7878
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. VBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and Vanguard Balanced ETF Portfolio (VBAL.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.

VEQT.TOVBAL.TODifference

Sharpe ratio

Return per unit of total volatility

1.37

1.33

+0.04

Sortino ratio

Return per unit of downside risk

1.89

1.85

+0.04

Omega ratio

Gain probability vs. loss probability

1.30

1.28

+0.02

Calmar ratio

Return relative to maximum drawdown

1.88

1.86

+0.03

Martin ratio

Return relative to average drawdown

8.54

7.73

+0.81

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. VBAL.TO - Sharpe Ratio Comparison

The current VEQT.TO Sharpe Ratio is 1.37, which is comparable to the VBAL.TO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of VEQT.TO and VBAL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VEQT.TOVBAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.37

1.33

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

0.82

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

0.71

+0.10

Correlation

The correlation between VEQT.TO and VBAL.TO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VEQT.TO vs. VBAL.TO - Dividend Comparison

VEQT.TO's dividend yield for the trailing twelve months is around 1.41%, less than VBAL.TO's 2.20% yield.

TTM20252024202320222021202020192018
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.41%1.42%1.58%1.88%2.09%1.40%1.48%1.42%0.00%
VBAL.TO
Vanguard Balanced ETF Portfolio		2.20%2.21%2.29%2.34%2.19%1.93%1.81%2.23%2.01%

Drawdowns

VEQT.TO vs. VBAL.TO - Drawdown Comparison

The maximum VEQT.TO drawdown since its inception was -30.45%, which is greater than VBAL.TO's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and VBAL.TO.

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Drawdown Indicators

VEQT.TOVBAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.45%

-21.19%

-9.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.87%

-7.55%

-4.32%

Max Drawdown (5Y)

Largest decline over 5 years

-18.32%

-16.43%

-1.89%

Current Drawdown

Current decline from peak

-4.98%

-3.72%

-1.26%

Average Drawdown

Average peak-to-trough decline

-3.78%

-3.21%

-0.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

1.81%

+0.81%

Volatility

VEQT.TO vs. VBAL.TO - Volatility Comparison

Vanguard All-Equity ETF Portfolio (VEQT.TO) has a higher volatility of 5.90% compared to Vanguard Balanced ETF Portfolio (VBAL.TO) at 4.17%. This indicates that VEQT.TO's price experiences larger fluctuations and is considered to be riskier than VBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEQT.TOVBAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.90%

4.17%

+1.73%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

6.26%

+3.12%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

10.14%

+5.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.79%

8.54%

+4.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.84%

10.10%

+5.74%