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

VEQT.TO vs. VWO

Last updated Jun 14, 2026

VEQT.TO (Vanguard All-Equity ETF Portfolio) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - VEQT.TO is a Global Equities fund actively managed by Vanguard, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. VEQT.TO is actively managed, while VWO is passively managed. Over the past 5 years, VEQT.TO returned 13.79%/yr vs 8.11%/yr for VWO. A 0.60 correlation means they provide meaningful diversification when combined. VEQT.TO charges 0.24%/yr vs 0.08%/yr for VWO.

Performance

VEQT.TO vs. VWO - 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 FTSE Emerging Markets ETF (VWO). 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 VWO is traded in USD. To make them comparable, the VWO values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VEQT.TO having a 12.47% return and VWO slightly higher at 13.02%.

VEQT.TO

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

VWO

1D
0.95%
1M
3.75%
YTD
13.02%
6M
14.18%
1Y
30.02%
3Y*
18.35%
5Y*
8.11%
10Y*
9.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEQT.TO vs. VWO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VEQT.TO
Vanguard All-Equity ETF Portfolio		12.47%20.37%24.98%16.71%-10.76%19.62%11.43%13.06%
VWO
Vanguard FTSE Emerging Markets ETF		13.02%19.87%19.96%6.65%-12.78%1.21%12.44%10.37%

Correlation

The correlation between VEQT.TO and VWO is 0.71, 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

0.71

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

0.61

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

0.60

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2019

0.61

The correlation between VEQT.TO and VWO shifts across timeframes, from 0.60 (5 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.

VEQT.TO vs. VWO - Sectors Allocation Comparison

Sectors
VEQT.TO
VWO

Financial Services

20.7%
19.5%

Technology

20.3%
29.6%

Industrials

11.6%
8.0%

Energy

8.7%
4.6%

Basic Materials

8.6%
8.0%

Consumer Cyclical

7.8%
10.7%

Healthcare

6.6%
3.9%

Communication Services

6.0%
7.1%

Consumer Defensive

4.5%
3.7%

Utilities

2.8%
2.9%

Real Estate

2.2%
2.2%

Financial Services

VEQT.TO
20.7%
VWO
19.5%

Technology

VEQT.TO
20.3%
VWO
29.6%

Industrials

VEQT.TO
11.6%
VWO
8.0%

Energy

VEQT.TO
8.7%
VWO
4.6%

Basic Materials

VEQT.TO
8.6%
VWO
8.0%

Consumer Cyclical

VEQT.TO
7.8%
VWO
10.7%

Healthcare

VEQT.TO
6.6%
VWO
3.9%

Communication Services

VEQT.TO
6.0%
VWO
7.1%

Consumer Defensive

VEQT.TO
4.5%
VWO
3.7%

Utilities

VEQT.TO
2.8%
VWO
2.9%

Real Estate

VEQT.TO
2.2%
VWO
2.2%

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 FTSE Emerging Markets ETF

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 VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX

Return for Risk

VEQT.TO vs. VWO — 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: 8686
Overall Rank
VEQT.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8686
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8787
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 5050
Overall Rank
VWO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 4747
Sortino Ratio Rank
VWO Omega Ratio Rank: 5151
Omega Ratio Rank
VWO Calmar Ratio Rank: 5050
Calmar Ratio Rank
VWO Martin Ratio Rank: 5252
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. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and Vanguard FTSE Emerging Markets ETF (VWO). 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.TOVWODifference
Sharpe ratioReturn per unit of total volatility
2.50
1.64

+0.86

Sortino ratioReturn per unit of downside risk
3.40
2.30

+1.10

Omega ratioGain probability vs. loss probability

1.46

1.30

+0.16

Calmar ratioReturn relative to maximum drawdown

3.78

2.57

+1.21

Martin ratioReturn relative to average drawdown

16.35

8.98

+7.37

VEQT.TO vs. VWO - Sharpe Ratio Comparison

The current VEQT.TO Sharpe Ratio is 2.50, which is higher than the VWO Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VEQT.TO and VWO, 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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Drawdowns

VEQT.TO vs. VWO - Drawdown Comparison

The maximum VEQT.TO drawdown since its inception was -30.45%, smaller than the maximum VWO drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and VWO.

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Drawdown Indicators

VEQT.TOVWODifference

Max Drawdown

Largest peak-to-trough decline

-30.45%

-56.70%

+26.25%

Max Drawdown (1Y)

Largest decline over 1 year

-8.05%

-10.70%

+2.65%

Max Drawdown (3Y)

Largest decline over 3 years

-15.46%

-15.30%

-0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-18.32%

-25.37%

+7.05%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.47%

—

Current Drawdown

Current decline from peak

-0.84%

-1.74%

+0.90%

Average Drawdown

Average peak-to-trough decline

-3.70%

-11.28%

+7.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

3.07%

-1.21%

Volatility

VEQT.TO vs. VWO - Volatility Comparison

The current volatility for Vanguard All-Equity ETF Portfolio (VEQT.TO) is 5.00%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 6.78%. This indicates that VEQT.TO experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEQT.TOVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

6.78%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

10.08%

14.35%

-4.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.18%

16.78%

-4.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.99%

18.53%

-5.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.80%

20.36%

-4.56%

VEQT.TO vs. VWO - Expense Ratio Comparison

VEQT.TO has a 0.24% expense ratio, which is higher than VWO's 0.08% expense ratio. However, 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. VWO - Dividend Comparison

VEQT.TO's dividend yield for the trailing twelve months is around 1.26%, less than VWO's 2.44% yield.

PositionTTM20252024202320222021202020192018201720162015
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.26%1.42%1.58%1.88%2.09%1.40%1.48%1.43%0.00%0.00%0.00%0.00%
VWO
Vanguard FTSE Emerging Markets ETF		2.44%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Frequently Asked Questions

VEQT.TO and VWO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VWO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VWO is cheaper with a 0.08% expense ratio, compared with 0.24% for VEQT.TO.

VEQT.TO is categorized as Global Equities, while VWO is Emerging Markets Equities. Their fees differ too: 0.24% for VEQT.TO and 0.08% for VWO.

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