VEQT.TO vs. XSP.TO
VEQT.TO (Vanguard All-Equity ETF Portfolio) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - VEQT.TO is a Global Equities fund actively managed by Vanguard, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. VEQT.TO is actively managed, while XSP.TO is passively managed. Over the past 5 years, VEQT.TO returned 14.01%/yr vs 12.18%/yr for XSP.TO. Their correlation of 0.89 suggests significant overlap in exposure. VEQT.TO charges 0.24%/yr vs 0.09%/yr for XSP.TO.
Performance
VEQT.TO vs. XSP.TO - 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 higher than XSP.TO's 9.64% 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*
- —
XSP.TO
- 1D
- -0.73%
- 1M
- 4.98%
- YTD
- 9.64%
- 6M
- 9.50%
- 1Y
- 25.13%
- 3Y*
- 20.28%
- 5Y*
- 12.18%
- 10Y*
- 13.79%
VEQT.TO vs. XSP.TO - 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% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 9.64% | 15.68% | 23.39% | 24.33% | -19.32% | 27.85% | 15.17% | 18.79% |
Correlation
The correlation between VEQT.TO and XSP.TO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.89 |
The correlation between VEQT.TO and XSP.TO has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
VEQT.TO vs. XSP.TO - Sectors Allocation Comparison
Sectors
VEQT.TO
XSP.TO
Financial Services
Technology
Industrials
Energy
Basic Materials
Consumer Cyclical
Healthcare
Communication Services
Consumer Defensive
Utilities
Real Estate
Financial Services
VEQT.TO
XSP.TO
Technology
VEQT.TO
XSP.TO
Industrials
VEQT.TO
XSP.TO
Energy
VEQT.TO
XSP.TO
Basic Materials
VEQT.TO
XSP.TO
Consumer Cyclical
VEQT.TO
XSP.TO
Healthcare
VEQT.TO
XSP.TO
Communication Services
VEQT.TO
XSP.TO
Consumer Defensive
VEQT.TO
XSP.TO
Utilities
VEQT.TO
XSP.TO
Real Estate
VEQT.TO
XSP.TO
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Return for Risk
VEQT.TO vs. XSP.TO — Risk / Return Rank
VEQT.TO
XSP.TO
VEQT.TO vs. XSP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.TO | XSP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.39 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 2.68 | +1.26 |
| Martin ratioReturn relative to average drawdown | 17.38 | 12.40 | +4.98 |
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 | XSP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.15 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.73 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.37 | +0.54 |
Drawdowns
VEQT.TO vs. XSP.TO - Drawdown Comparison
The maximum VEQT.TO drawdown since its inception was -30.45%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and XSP.TO.
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Drawdown Indicators
| VEQT.TO | XSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.45% | -57.82% | +27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -9.41% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.46% | -18.77% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.32% | -25.44% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.73% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -12.11% | +8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.03% | -0.20% |
Volatility
VEQT.TO vs. XSP.TO - Volatility Comparison
Vanguard All-Equity ETF Portfolio (VEQT.TO) has a higher volatility of 3.68% compared to iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) at 3.25%. This indicates that VEQT.TO's price experiences larger fluctuations and is considered to be riskier than XSP.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.TO | XSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.25% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 8.99% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 11.75% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 16.75% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 18.19% | -2.42% |
VEQT.TO vs. XSP.TO - Expense Ratio Comparison
VEQT.TO has a 0.24% expense ratio, which is higher than XSP.TO's 0.09% 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. XSP.TO - Dividend Comparison
VEQT.TO's dividend yield for the trailing twelve months is around 1.26%, more than XSP.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.12% | 1.23% | 1.09% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% |
Frequently Asked Questions
VEQT.TO and XSP.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.24% for VEQT.TO.
VEQT.TO is categorized as Global Equities, while XSP.TO is S&P 500. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for VEQT.TO and 0.09% for XSP.TO.
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