VGV.TO vs. VEQT.TO
VGV.TO (Vanguard Canadian Government Bond Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - VGV.TO is a Canadian Government Bonds fund tracking the Bloomberg Global Aggregate Canadian Government Float Adjusted Bond Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. VGV.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, VGV.TO returned 0.02%/yr vs 13.92%/yr for VEQT.TO. At a 0.08 correlation, their price movements are largely independent. VGV.TO charges 0.17%/yr vs 0.24%/yr for VEQT.TO.
Performance
VGV.TO vs. VEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VGV.TO achieves a 1.92% return, which is significantly lower than VEQT.TO's 13.87% return.
VGV.TO
- 1D
- 0.13%
- 1M
- 2.35%
- YTD
- 1.92%
- 6M
- 2.24%
- 1Y
- 3.98%
- 3Y*
- 3.79%
- 5Y*
- 0.02%
- 10Y*
- —
VEQT.TO
- 1D
- -0.24%
- 1M
- 4.76%
- YTD
- 13.87%
- 6M
- 14.96%
- 1Y
- 32.55%
- 3Y*
- 22.43%
- 5Y*
- 13.92%
- 10Y*
- —
VGV.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGV.TO Vanguard Canadian Government Bond Index ETF | 1.92% | 1.90% | 3.24% | 5.61% | -12.28% | -3.53% | 7.64% | 5.34% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 13.87% | 20.37% | 24.98% | 16.71% | -10.76% | 19.62% | 11.43% | 13.06% |
Correlation
The correlation between VGV.TO and VEQT.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.08 |
Over the past year, VGV.TO and VEQT.TO have become more correlated (0.40) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
VGV.TO vs. VEQT.TO — Risk / Return Rank
VGV.TO
VEQT.TO
VGV.TO vs. VEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Government Bond Index ETF (VGV.TO) and Vanguard All-Equity ETF Portfolio (VEQT.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.
| VGV.TO | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.50 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 4.06 | -2.70 |
| Martin ratioReturn relative to average drawdown | 2.96 | 17.56 | -14.60 |
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Drawdowns
VGV.TO vs. VEQT.TO - Drawdown Comparison
The maximum VGV.TO drawdown since its inception was -20.77%, smaller than the maximum VEQT.TO drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for VGV.TO and VEQT.TO.
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Drawdown Indicators
| VGV.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.77% | -30.45% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -8.05% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -15.46% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.94% | -18.32% | +1.38% |
Current DrawdownCurrent decline from peak | -6.20% | -0.24% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -3.69% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.86% | -0.51% |
Volatility
VGV.TO vs. VEQT.TO - Volatility Comparison
The current volatility for Vanguard Canadian Government Bond Index ETF (VGV.TO) is 1.42%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 4.91%. This indicates that VGV.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGV.TO | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 4.91% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 10.14% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 12.20% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.00% | 13.02% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 15.80% | -8.78% |
VGV.TO vs. VEQT.TO - Expense Ratio Comparison
VGV.TO has a 0.17% expense ratio, which is lower than VEQT.TO's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGV.TO vs. VEQT.TO - Dividend Comparison
VGV.TO's dividend yield for the trailing twelve months is around 3.10%, more than VEQT.TO's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.24% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.43% | 0.00% | 0.00% |
VGV.TO Vanguard Canadian Government Bond Index ETF | 3.10% | 3.04% | 2.97% | 2.78% | 2.63% | 2.35% | 2.28% | 2.36% | 2.52% | 2.26% |
Frequently Asked Questions
VGV.TO and VEQT.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGV.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGV.TO is cheaper with a 0.17% expense ratio, compared with 0.24% for VEQT.TO.
VGV.TO is categorized as Canadian Government Bonds, while VEQT.TO is Global Equities. Their fees differ too: 0.17% for VGV.TO and 0.24% for VEQT.TO.
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