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VOO vs. VCE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOO vs. VCE.TO

Last updated Jun 13, 2026

VOO (Vanguard S&P 500 ETF) and VCE.TO (Vanguard FTSE Canada Index ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while VCE.TO is a Canada Equities fund tracking the FTSE Canada Domestic Index. Both are passively managed. Over the past 10 years, VOO returned 15.50%/yr vs 12.06%/yr for VCE.TO. A 0.59 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.06%/yr for VCE.TO.

Performance

VOO vs. VCE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Vanguard FTSE Canada Index ETF (VCE.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than VCE.TO's 8.60% return. Over the past 10 years, VOO has outperformed VCE.TO with an annualized return of 15.50%, while VCE.TO has yielded a comparatively lower 12.06% annualized return.

VOO

1D
0.55%
1M
-0.84%
YTD
9.08%
6M
9.44%
1Y
25.76%
3Y*
20.95%
5Y*
13.43%
10Y*
15.50%

VCE.TO

1D
0.42%
1M
1.56%
YTD
8.60%
6M
8.05%
1Y
26.56%
3Y*
20.80%
5Y*
11.31%
10Y*
12.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOO vs. VCE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VOO
Vanguard S&P 500 ETF		9.08%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%
VCE.TO
Vanguard FTSE Canada Index ETF		8.71%32.50%12.02%15.07%-10.80%28.69%6.71%28.35%-14.97%16.75%

Correlation

The correlation between VOO and VCE.TO is 0.60, 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

0.60

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

0.63

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

0.64

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

0.61

Correlation (All Time)
Calculated using the full available price history since Dec 6, 2011

0.59

The correlation between VOO and VCE.TO has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

VOO vs. VCE.TO - Sectors Allocation Comparison

Sectors
VOO
VCE.TO

Technology

35.7%
8.2%

Financial Services

11.6%
37.4%

Communication Services

11.3%
1.5%

Consumer Cyclical

10.2%
3.4%

Healthcare

8.5%

-

Industrials

8.3%
10.6%

Consumer Defensive

4.9%
2.9%

Energy

3.5%
18.4%

Utilities

2.4%
1.9%

Real Estate

1.9%
0.2%

Basic Materials

1.8%
15.4%

Technology

VOO
35.7%
VCE.TO
8.2%

Financial Services

VOO
11.6%
VCE.TO
37.4%

Communication Services

VOO
11.3%
VCE.TO
1.5%

Consumer Cyclical

VOO
10.2%
VCE.TO
3.4%

Healthcare

VOO
8.5%
VCE.TO

-

Industrials

VOO
8.3%
VCE.TO
10.6%

Consumer Defensive

VOO
4.9%
VCE.TO
2.9%

Energy

VOO
3.5%
VCE.TO
18.4%

Utilities

VOO
2.4%
VCE.TO
1.9%

Real Estate

VOO
1.9%
VCE.TO
0.2%

Basic Materials

VOO
1.8%
VCE.TO
15.4%

Compare stocks, funds, or ETFs

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

Vanguard S&P 500 ETF

Vanguard FTSE Canada Index ETF

Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV
Often compared with VCE.TO:
VCE.TO vs. VCN.TOVCE.TO vs. VDY.TOVCE.TO vs. XIC.TOVCE.TO vs. VFV.TOVCE.TO vs. VEQT.TOVCE.TO vs. ZCN.TOVCE.TO vs. VXC.TO

Return for Risk

VOO vs. VCE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOO
VOO Risk / Return Rank: 7070
Overall Rank
VOO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6969
Sortino Ratio Rank
VOO Omega Ratio Rank: 7171
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
VCE.TO
VCE.TO Risk / Return Rank: 8383
Overall Rank
VCE.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VCE.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VCE.TO Omega Ratio Rank: 8282
Omega Ratio Rank
VCE.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
VCE.TO Martin Ratio Rank: 8888
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.

VOO vs. VCE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Vanguard FTSE Canada Index ETF (VCE.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.

VOOVCE.TODifference
Sharpe ratioReturn per unit of total volatility
1.99
1.98

+0.01

Sortino ratioReturn per unit of downside risk
2.70
2.67

+0.02

Omega ratioGain probability vs. loss probability

1.36

1.35

+0.01

Calmar ratioReturn relative to maximum drawdown

2.75

3.12

-0.38

Martin ratioReturn relative to average drawdown

12.42

13.35

-0.93

VOO vs. VCE.TO - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 1.99, which is comparable to the VCE.TO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of VOO and VCE.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

VOO vs. VCE.TO - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum VCE.TO drawdown of -41.42%. Use the drawdown chart below to compare losses from any high point for VOO and VCE.TO.

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Drawdown Indicators

VOOVCE.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.99%

-41.42%

+7.43%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

-8.54%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-18.69%

-12.60%

-6.09%

Max Drawdown (5Y)

Largest decline over 5 years

-24.52%

-23.74%

-0.78%

Max Drawdown (10Y)

Largest decline over 10 years

-33.99%

-41.42%

+7.43%

Current Drawdown

Current decline from peak

-2.34%

-1.21%

-1.13%

Average Drawdown

Average peak-to-trough decline

-3.68%

-7.42%

+3.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.99%

-0.02%

Volatility

VOO vs. VCE.TO - Volatility Comparison

Vanguard S&P 500 ETF (VOO) and Vanguard FTSE Canada Index ETF (VCE.TO) have volatilities of 4.34% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOOVCE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

4.26%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

10.76%

-1.18%

Volatility (1Y)

Calculated over the trailing 1-year period

12.27%

13.45%

-1.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.88%

14.51%

+2.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

16.48%

+1.55%

VOO vs. VCE.TO - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than VCE.TO's 0.06% 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

VOO vs. VCE.TO - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.05%, less than VCE.TO's 2.17% yield.

PositionTTM20252024202320222021202020192018201720162015
VCE.TO
Vanguard FTSE Canada Index ETF		2.17%2.46%2.89%3.22%3.27%2.66%2.99%3.06%3.27%2.62%2.69%3.04%
VOO
Vanguard S&P 500 ETF		1.05%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

VOO and VCE.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

VOO is cheaper with a 0.03% expense ratio, compared with 0.06% for VCE.TO.

VOO is categorized as S&P 500, while VCE.TO is Canada Equities. VOO tracks S&P 500 Index, while VCE.TO tracks FTSE Canada Domestic Index. Their fees differ too: 0.03% for VOO and 0.06% for VCE.TO.

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