VI.TO vs. XAW.TO
Compare and contrast key facts about Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).
VI.TO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VI.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex North America Index. It was launched on Dec 1, 2015. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015. Both VI.TO and XAW.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VI.TO vs. XAW.TO - Performance Comparison
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VI.TO vs. XAW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) | 4.02% | 24.50% | 10.41% | 19.38% | -7.76% | 17.72% | 2.78% | 21.88% | -11.36% | 18.06% |
XAW.TO iShares Core MSCI All Country World ex Canada Index ETF | -0.55% | 15.87% | 26.31% | 18.45% | -11.84% | 18.38% | 12.37% | 19.82% | -2.28% | 16.10% |
Returns By Period
In the year-to-date period, VI.TO achieves a 4.02% return, which is significantly higher than XAW.TO's -0.55% return. Over the past 10 years, VI.TO has underperformed XAW.TO with an annualized return of 10.68%, while XAW.TO has yielded a comparatively higher 11.87% annualized return.
VI.TO
- 1D
- 2.43%
- 1M
- -6.73%
- YTD
- 4.02%
- 6M
- 11.39%
- 1Y
- 24.93%
- 3Y*
- 16.27%
- 5Y*
- 11.21%
- 10Y*
- 10.68%
XAW.TO
- 1D
- 2.89%
- 1M
- -4.43%
- YTD
- -0.55%
- 6M
- 1.14%
- 1Y
- 16.64%
- 3Y*
- 17.31%
- 5Y*
- 11.27%
- 10Y*
- 11.87%
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VI.TO vs. XAW.TO - Expense Ratio Comparison
Both VI.TO and XAW.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VI.TO vs. XAW.TO — Risk / Return Rank
VI.TO
XAW.TO
VI.TO vs. XAW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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.
| VI.TO | XAW.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.97 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.41 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.40 | +0.77 |
Martin ratioReturn relative to average drawdown | 8.96 | 5.92 | +3.03 |
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
| VI.TO | XAW.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.97 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.84 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.79 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.71 | -0.11 |
Correlation
The correlation between VI.TO and XAW.TO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VI.TO vs. XAW.TO - Dividend Comparison
VI.TO's dividend yield for the trailing twelve months is around 2.40%, more than XAW.TO's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VI.TO Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) | 2.40% | 2.44% | 2.58% | 2.59% | 2.87% | 2.31% | 1.98% | 2.64% | 2.75% | 2.08% | 1.62% | 0.27% |
XAW.TO iShares Core MSCI All Country World ex Canada Index ETF | 1.34% | 1.33% | 1.61% | 1.71% | 1.79% | 1.77% | 1.49% | 2.02% | 2.29% | 1.92% | 1.80% | 1.83% |
Drawdowns
VI.TO vs. XAW.TO - Drawdown Comparison
The maximum VI.TO drawdown since its inception was -33.54%, which is greater than XAW.TO's maximum drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for VI.TO and XAW.TO.
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Drawdown Indicators
| VI.TO | XAW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.54% | -27.32% | -6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -12.29% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -21.02% | +4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -27.32% | -6.22% |
Current DrawdownCurrent decline from peak | -7.01% | -5.50% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -3.96% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.91% | -0.23% |
Volatility
VI.TO vs. XAW.TO - Volatility Comparison
Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) (VI.TO) has a higher volatility of 6.88% compared to iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) at 6.20%. This indicates that VI.TO's price experiences larger fluctuations and is considered to be riskier than XAW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VI.TO | XAW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 6.20% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 9.73% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 17.20% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 13.46% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 15.08% | +0.73% |