PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VIU.TO vs. VEA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIU.TO vs. VEA

Last updated Jun 4, 2026

VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, VIU.TO returned 10.41%/yr vs 10.97%/yr for VEA. Their correlation of 0.91 suggests significant overlap in exposure. VIU.TO charges 0.23%/yr vs 0.03%/yr for VEA.

Performance

VIU.TO vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

VIU.TO is traded in CAD, while VEA is traded in USD. To make them comparable, the VEA values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VIU.TO having a 16.73% return and VEA slightly lower at 16.39%. Over the past 10 years, VIU.TO has underperformed VEA with an annualized return of 10.41%, while VEA has yielded a comparatively higher 10.97% annualized return.

VIU.TO

1D
-0.44%
1M
7.93%
YTD
16.73%
6M
17.50%
1Y
33.05%
3Y*
20.38%
5Y*
11.99%
10Y*
10.41%

VEA

1D
-0.49%
1M
7.64%
YTD
16.39%
6M
17.70%
1Y
34.19%
3Y*
21.16%
5Y*
12.73%
10Y*
10.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIU.TO vs. VEA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		16.73%27.83%10.72%15.66%-10.63%9.74%7.56%15.30%-7.39%19.22%
VEA
Vanguard FTSE Developed Markets ETF		16.39%28.97%12.01%15.33%-9.31%10.65%7.86%16.59%-7.52%18.37%

Correlation

The correlation between VIU.TO and VEA is 0.93, 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

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2015

0.91

The correlation between VIU.TO and VEA has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

VIU.TO vs. VEA - Sectors Allocation Comparison

Sectors
VIU.TO
VEA

Financial Services

25.6%
23.3%

Technology

18.4%
13.8%

Industrials

17.1%
19.2%

Healthcare

10.7%
8.2%

Consumer Defensive

6.1%
5.6%

Consumer Cyclical

6.0%
7.5%

Basic Materials

4.7%
7.5%

Energy

4.1%
5.4%

Communication Services

3.1%
3.4%

Utilities

2.9%
3.3%

Real Estate

0.6%
2.7%

Financial Services

VIU.TO
25.6%
VEA
23.3%

Technology

VIU.TO
18.4%
VEA
13.8%

Industrials

VIU.TO
17.1%
VEA
19.2%

Healthcare

VIU.TO
10.7%
VEA
8.2%

Consumer Defensive

VIU.TO
6.1%
VEA
5.6%

Consumer Cyclical

VIU.TO
6.0%
VEA
7.5%

Basic Materials

VIU.TO
4.7%
VEA
7.5%

Energy

VIU.TO
4.1%
VEA
5.4%

Communication Services

VIU.TO
3.1%
VEA
3.4%

Utilities

VIU.TO
2.9%
VEA
3.3%

Real Estate

VIU.TO
0.6%
VEA
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Developed All Cap ex North America Index ETF

Vanguard FTSE Developed Markets ETF

Often compared with VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VDU.TOVIU.TO vs. VFV.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO
Often compared with VEA:
VEA vs. VXUSVEA vs. VWOVEA vs. VOOVEA vs. VEUVEA vs. SCHFVEA vs. IEFAVEA vs. VTI

Return for Risk

VIU.TO vs. VEA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIU.TO
VIU.TO Risk / Return Rank: 6262
Overall Rank
VIU.TO Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 6666
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 6262
Martin Ratio Rank
VEA
VEA Risk / Return Rank: 5959
Overall Rank
VEA Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VEA Sortino Ratio Rank: 6060
Sortino Ratio Rank
VEA Omega Ratio Rank: 6060
Omega Ratio Rank
VEA Calmar Ratio Rank: 5555
Calmar Ratio Rank
VEA Martin Ratio Rank: 6060
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.

VIU.TO vs. VEA - 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 (VIU.TO) and Vanguard FTSE Developed Markets ETF (VEA). 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.

VIU.TOVEADifference
Sharpe ratioReturn per unit of total volatility
2.17
2.35

-0.18

Sortino ratioReturn per unit of downside risk
3.01
3.24

-0.23

Omega ratioGain probability vs. loss probability

1.41

1.44

-0.03

Calmar ratioReturn relative to maximum drawdown

2.83

3.02

-0.19

Martin ratioReturn relative to average drawdown

11.39

12.44

-1.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIU.TO vs. VEA - Sharpe Ratio Comparison

The current VIU.TO Sharpe Ratio is 2.17, which is comparable to the VEA Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of VIU.TO and VEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

VIU.TOVEADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

2.35

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.95

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.76

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.68

-0.06

Drawdowns

VIU.TO vs. VEA - Drawdown Comparison

The maximum VIU.TO drawdown since its inception was -29.15%, roughly equal to the maximum VEA drawdown of -28.96%. Use the drawdown chart below to compare losses from any high point for VIU.TO and VEA.

Loading charts...

Drawdown Indicators

VIU.TOVEADifference

Max Drawdown

Largest peak-to-trough decline

-29.15%

-28.96%

-0.19%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-11.37%

-0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-14.26%

-13.82%

-0.44%

Max Drawdown (5Y)

Largest decline over 5 years

-25.35%

-23.54%

-1.81%

Max Drawdown (10Y)

Largest decline over 10 years

-29.15%

-28.96%

-0.19%

Current Drawdown

Current decline from peak

-0.44%

-0.49%

+0.05%

Average Drawdown

Average peak-to-trough decline

-5.34%

-4.89%

-0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.76%

+0.15%

Volatility

VIU.TO vs. VEA - Volatility Comparison

Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) has a higher volatility of 5.83% compared to Vanguard FTSE Developed Markets ETF (VEA) at 5.50%. This indicates that VIU.TO's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VIU.TOVEADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.83%

5.50%

+0.33%

Volatility (6M)

Calculated over the trailing 6-month period

13.08%

12.58%

+0.50%

Volatility (1Y)

Calculated over the trailing 1-year period

15.31%

14.61%

+0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.90%

13.53%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.12%

14.56%

+0.56%

VIU.TO vs. VEA - Expense Ratio Comparison

VIU.TO has a 0.23% expense ratio, which is higher than VEA's 0.03% 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

VIU.TO vs. VEA - Dividend Comparison

VIU.TO's dividend yield for the trailing twelve months is around 2.16%, less than VEA's 2.62% yield.

PositionTTM20252024202320222021202020192018201720162015
VEA
Vanguard FTSE Developed Markets ETF		2.62%3.22%3.35%3.15%2.91%3.16%2.04%3.04%3.35%2.77%3.05%2.92%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.16%2.48%2.55%2.65%2.75%2.37%1.97%2.67%2.75%2.12%1.71%0.27%

Frequently Asked Questions

With a correlation of 0.93, VIU.TO and VEA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, VEA is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEA is cheaper with a 0.03% expense ratio, compared with 0.23% for VIU.TO.

VIU.TO is categorized as International Equity, while VEA is Foreign Large Cap Equities. VIU.TO tracks FTSE Developed All Cap ex North America Index, while VEA tracks FTSE Developed All Cap ex US Index. Their fees differ too: 0.23% for VIU.TO and 0.03% for VEA.

Portfolio Optimizer

Find the right allocation for VIU.TO and VEA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer