VSP.TO vs. ALA.TO

Last updated Jun 5, 2026

VSP.TO (Vanguard S&P 500 CAD-hedged ETF) is S&P 500 fund tracking the S&P 500 Index, while ALA.TO (AltaGas Ltd.) is a stock. Over the past 10 years, VSP.TO returned 13.86%/yr vs 11.28%/yr for ALA.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

VSP.TO vs. ALA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and AltaGas Ltd. (ALA.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSP.TO achieves a 10.06% return, which is significantly lower than ALA.TO's 33.22% return. Over the past 10 years, VSP.TO has outperformed ALA.TO with an annualized return of 13.86%, while ALA.TO has yielded a comparatively lower 11.28% annualized return.

VSP.TO

• 1D: 0.38%
• 1M: 4.56%
• YTD: 10.06%
• 6M: 9.82%
• 1Y: 25.58%
• 3Y*: 20.52%
• 5Y*: 12.28%
• 10Y*: 13.86%

ALA.TO

• 1D: 1.95%
• 1M: 6.42%
• YTD: 33.22%
• 6M: 32.99%
• 1Y: 48.49%
• 3Y*: 36.61%
• 5Y*: 22.03%
• 10Y*: 11.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSP.TO vs. ALA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSP.TO Vanguard S&P 500 CAD-hedged ETF	10.06%	15.49%	23.68%	24.16%	-19.24%	27.90%	15.32%	30.18%	-6.75%	21.05%
ALA.TO AltaGas Ltd.	33.22%	29.01%	24.95%	24.42%	-10.99%	52.14%	0.41%	49.96%	-46.84%	-9.37%

Correlation

The correlation between VSP.TO and ALA.TO is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.28

The correlation between VSP.TO and ALA.TO shifts across timeframes, from -0.27 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VSP.TO vs. ALA.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSP.TO

VSP.TO Risk / Return Rank: 63
VSP.TO Sharpe Ratio Rank: 64
VSP.TO Sortino Ratio Rank: 62
VSP.TO Omega Ratio Rank: 64
VSP.TO Calmar Ratio Rank: 56
VSP.TO Martin Ratio Rank: 69

ALA.TO

ALA.TO Risk / Return Rank: 94
ALA.TO Sharpe Ratio Rank: 94
ALA.TO Sortino Ratio Rank: 94
ALA.TO Omega Ratio Rank: 92
ALA.TO Calmar Ratio Rank: 94
ALA.TO Martin Ratio Rank: 94

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.

VSP.TO vs. ALA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and AltaGas Ltd. (ALA.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.

	VSP.TO	ALA.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.86	-0.78
Sortino ratio: Return per unit of downside risk	2.88	3.85	-0.97
Omega ratio: Gain probability vs. loss probability	1.38	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	2.73	6.35	-3.62
Martin ratio: Return relative to average drawdown	12.47	17.13	-4.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSP.TO vs. ALA.TO - Sharpe Ratio Comparison

The current VSP.TO Sharpe Ratio is 2.08, which is comparable to the ALA.TO Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of VSP.TO and ALA.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.

Sharpe Ratios by Period

	VSP.TO	ALA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.86	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.17	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.39	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.45	+0.39

Drawdowns

VSP.TO vs. ALA.TO - Drawdown Comparison

The maximum VSP.TO drawdown since its inception was -35.55%, smaller than the maximum ALA.TO drawdown of -74.97%. Use the drawdown chart below to compare losses from any high point for VSP.TO and ALA.TO.

Drawdown Indicators

	VSP.TO	ALA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-74.97%	+39.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-7.67%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-9.12%	-9.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.54%	-27.83%	+2.29%
Max Drawdown (10Y) Largest decline over 10 years	-35.55%	-66.67%	+31.12%
Current Drawdown Current decline from peak	-1.67%	0.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-4.00%	-19.30%	+15.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.84%	-0.78%

Volatility

VSP.TO vs. ALA.TO - Volatility Comparison

Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and AltaGas Ltd. (ALA.TO) have volatilities of 4.97% and 4.91%, 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.

Volatility by Period

	VSP.TO	ALA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	4.91%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	13.01%	-3.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	17.11%	-4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	19.01%	-2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	28.85%	-10.83%

Dividends

VSP.TO vs. ALA.TO - Dividend Comparison

VSP.TO's dividend yield for the trailing twelve months is around 0.84%, less than ALA.TO's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALA.TO AltaGas Ltd.	2.31%	3.01%	3.56%	4.03%	4.53%	3.65%	5.14%	4.85%	15.06%	7.39%	5.99%	6.10%
VSP.TO Vanguard S&P 500 CAD-hedged ETF	0.84%	0.92%	1.07%	1.17%	1.37%	1.07%	1.27%	1.52%	1.76%	1.46%	1.69%	1.75%

Frequently Asked Questions

Can I hold both VSP.TO and ALA.TO in my portfolio?

VSP.TO and ALA.TO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.