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

VEQT.TO vs. XUS.TO

Last updated Jun 14, 2026

VEQT.TO (Vanguard All-Equity ETF Portfolio) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - VEQT.TO is a Global Equities fund actively managed by Vanguard, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. VEQT.TO is actively managed, while XUS.TO is passively managed. Over the past 5 years, VEQT.TO returned 13.79%/yr vs 17.34%/yr for XUS.TO. Their correlation of 0.90 suggests significant overlap in exposure. VEQT.TO charges 0.24%/yr vs 0.09%/yr for XUS.TO.

Performance

VEQT.TO vs. XUS.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 iShares Core S&P 500 Index ETF (XUS.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VEQT.TO achieves a 12.47% return, which is significantly higher than XUS.TO's 11.06% return.

VEQT.TO

1D
0.68%
1M
2.03%
YTD
12.47%
6M
12.94%
1Y
31.77%
3Y*
21.97%
5Y*
13.79%
10Y*
—

XUS.TO

1D
0.70%
1M
1.05%
YTD
11.06%
6M
11.01%
1Y
29.23%
3Y*
23.38%
5Y*
17.34%
10Y*
17.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEQT.TO vs. XUS.TO - 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%
XUS.TO
iShares Core S&P 500 Index ETF		11.06%12.19%35.81%24.87%-11.33%28.81%17.22%21.91%

Correlation

The correlation between VEQT.TO and XUS.TO is 0.88, 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

0.88

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 5, 2019

0.90

The correlation between VEQT.TO and XUS.TO has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

VEQT.TO vs. XUS.TO - Sectors Allocation Comparison

Sectors
VEQT.TO
XUS.TO

Financial Services

20.7%
11.9%

Technology

20.3%
36.2%

Industrials

11.6%
8.1%

Energy

8.7%
3.5%

Basic Materials

8.6%
1.8%

Consumer Cyclical

7.8%
10.1%

Healthcare

6.6%
8.4%

Communication Services

6.0%
10.9%

Consumer Defensive

4.5%
4.9%

Utilities

2.8%
2.3%

Real Estate

2.2%
1.9%

Financial Services

VEQT.TO
20.7%
XUS.TO
11.9%

Technology

VEQT.TO
20.3%
XUS.TO
36.2%

Industrials

VEQT.TO
11.6%
XUS.TO
8.1%

Energy

VEQT.TO
8.7%
XUS.TO
3.5%

Basic Materials

VEQT.TO
8.6%
XUS.TO
1.8%

Consumer Cyclical

VEQT.TO
7.8%
XUS.TO
10.1%

Healthcare

VEQT.TO
6.6%
XUS.TO
8.4%

Communication Services

VEQT.TO
6.0%
XUS.TO
10.9%

Consumer Defensive

VEQT.TO
4.5%
XUS.TO
4.9%

Utilities

VEQT.TO
2.8%
XUS.TO
2.3%

Real Estate

VEQT.TO
2.2%
XUS.TO
1.9%

Compare stocks, funds, or ETFs

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Vanguard All-Equity ETF Portfolio

iShares Core S&P 500 Index 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 XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO

Return for Risk

VEQT.TO vs. XUS.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: 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
XUS.TO
XUS.TO Risk / Return Rank: 7979
Overall Rank
XUS.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 8383
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 7474
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. XUS.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 (XUS.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.

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.TOXUS.TODifference
Sharpe ratioReturn per unit of total volatility
2.50
2.32

+0.19

Sortino ratioReturn per unit of downside risk
3.40
3.11

+0.29

Omega ratioGain probability vs. loss probability

1.46

1.43

+0.03

Calmar ratioReturn relative to maximum drawdown

3.78

3.22

+0.57

Martin ratioReturn relative to average drawdown

16.35

12.06

+4.29

VEQT.TO vs. XUS.TO - Sharpe Ratio Comparison

The current VEQT.TO Sharpe Ratio is 2.50, which is comparable to the XUS.TO Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of VEQT.TO and XUS.TO, 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. XUS.TO - Drawdown Comparison

The maximum VEQT.TO drawdown since its inception was -30.45%, which is greater than XUS.TO's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and XUS.TO.

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Drawdown Indicators

VEQT.TOXUS.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.45%

-27.24%

-3.21%

Max Drawdown (1Y)

Largest decline over 1 year

-8.05%

-8.63%

+0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-15.46%

-18.96%

+3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-18.32%

-21.29%

+2.97%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.24%

—

Current Drawdown

Current decline from peak

-0.84%

-1.50%

+0.66%

Average Drawdown

Average peak-to-trough decline

-3.70%

-3.24%

-0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

2.30%

-0.44%

Volatility

VEQT.TO vs. XUS.TO - Volatility Comparison

Vanguard All-Equity ETF Portfolio (VEQT.TO) has a higher volatility of 5.00% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 4.54%. This indicates that VEQT.TO's price experiences larger fluctuations and is considered to be riskier than XUS.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.TOXUS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

4.54%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

10.08%

9.33%

+0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

12.18%

11.98%

+0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.99%

15.06%

-2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.80%

16.54%

-0.74%

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

VEQT.TO has a 0.24% expense ratio, which is higher than XUS.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. XUS.TO - Dividend Comparison

VEQT.TO's dividend yield for the trailing twelve months is around 1.26%, more than XUS.TO's 1.13% 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%
XUS.TO
iShares Core S&P 500 Index ETF		1.13%1.26%1.45%2.43%2.76%1.99%2.70%4.05%3.55%2.96%3.32%3.41%

Frequently Asked Questions

VEQT.TO and XUS.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.24% for VEQT.TO.

VEQT.TO is categorized as Global Equities, while XUS.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 XUS.TO.

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