VGG.TO vs. VBAL.TO
VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) and VBAL.TO (Vanguard Balanced ETF Portfolio) are both exchange-traded funds - VGG.TO is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while VBAL.TO is a Diversified Portfolio fund actively managed by Vanguard. VGG.TO is passively managed, while VBAL.TO is actively managed. Over the past 5 years, VGG.TO returned 13.16%/yr vs 7.87%/yr for VBAL.TO. A 0.78 correlation means they provide meaningful diversification when combined. VGG.TO charges 0.30%/yr vs 0.24%/yr for VBAL.TO.
Performance
VGG.TO vs. VBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VGG.TO achieves a 8.57% return, which is significantly higher than VBAL.TO's 8.13% return.
VGG.TO
- 1D
- 0.23%
- 1M
- 6.00%
- YTD
- 8.57%
- 6M
- 6.30%
- 1Y
- 20.66%
- 3Y*
- 17.22%
- 5Y*
- 13.16%
- 10Y*
- 13.46%
VBAL.TO
- 1D
- -0.30%
- 1M
- 4.26%
- YTD
- 8.13%
- 6M
- 6.49%
- 1Y
- 18.31%
- 3Y*
- 13.79%
- 5Y*
- 7.87%
- 10Y*
- —
VGG.TO vs. VBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF | 8.57% | 8.61% | 26.49% | 11.58% | -4.21% | 22.23% | 12.67% | 23.32% | 3.08% |
VBAL.TO Vanguard Balanced ETF Portfolio | 8.13% | 11.88% | 14.56% | 12.43% | -11.44% | 10.16% | 10.23% | 14.85% | -2.87% |
Correlation
The correlation between VGG.TO and VBAL.TO is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018 | 0.78 |
The correlation between VGG.TO and VBAL.TO has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
VGG.TO vs. VBAL.TO - Sectors Allocation Comparison
Sectors
VGG.TO
VBAL.TO
Technology
Financial Services
Healthcare
Industrials
Consumer Defensive
Consumer Cyclical
Energy
Basic Materials
Utilities
Communication Services
Real Estate
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Technology
VGG.TO
VBAL.TO
Financial Services
VGG.TO
VBAL.TO
Healthcare
VGG.TO
VBAL.TO
Industrials
VGG.TO
VBAL.TO
Consumer Defensive
VGG.TO
VBAL.TO
Consumer Cyclical
VGG.TO
VBAL.TO
Energy
VGG.TO
VBAL.TO
Basic Materials
VGG.TO
VBAL.TO
Utilities
VGG.TO
VBAL.TO
Communication Services
VGG.TO
VBAL.TO
Real Estate
VGG.TO
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VBAL.TO
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Return for Risk
VGG.TO vs. VBAL.TO — Risk / Return Rank
VGG.TO
VBAL.TO
VGG.TO vs. VBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF (VGG.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.
| VGG.TO | VBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.10 | -0.16 |
| Martin ratioReturn relative to average drawdown | 10.93 | 13.17 | -2.24 |
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
| VGG.TO | VBAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.30 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.92 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.78 | +0.21 |
Drawdowns
VGG.TO vs. VBAL.TO - Drawdown Comparison
The maximum VGG.TO drawdown since its inception was -24.58%, 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 VGG.TO and VBAL.TO.
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Drawdown Indicators
| VGG.TO | VBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.58% | -21.19% | -3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -5.93% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -9.68% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -16.45% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -24.58% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.30% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -3.17% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.39% | +0.50% |
Volatility
VGG.TO vs. VBAL.TO - Volatility Comparison
The current volatility for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) is 2.59%, while Vanguard Balanced ETF Portfolio (VBAL.TO) has a volatility of 2.73%. This indicates that VGG.TO experiences smaller price fluctuations and is considered to be less risky 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
| VGG.TO | VBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.73% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 6.59% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 7.99% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 8.63% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 10.09% | +4.88% |
VGG.TO vs. VBAL.TO - Expense Ratio Comparison
VGG.TO has a 0.30% expense ratio, which is higher than VBAL.TO's 0.24% expense ratio.
Dividends
VGG.TO vs. VBAL.TO - Dividend Comparison
VGG.TO's dividend yield for the trailing twelve months is around 1.02%, less than VBAL.TO's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBAL.TO Vanguard Balanced ETF Portfolio | 2.05% | 2.21% | 2.26% | 2.32% | 2.16% | 1.91% | 1.79% | 2.20% | 1.99% | 0.00% | 0.00% | 0.00% |
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF | 1.02% | 1.16% | 1.23% | 1.37% | 1.35% | 1.21% | 1.25% | 1.24% | 1.50% | 1.46% | 1.63% | 1.70% |
Frequently Asked Questions
VGG.TO and VBAL.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBAL.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBAL.TO is cheaper with a 0.24% expense ratio, compared with 0.30% for VGG.TO.
VGG.TO is categorized as Dividend, while VBAL.TO is Diversified Portfolio. Their fees differ too: 0.30% for VGG.TO and 0.24% for VBAL.TO.
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