VSP.TO vs. SPXC

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 SPXC (SPX Corporation) is a stock. Over the past 10 years, VSP.TO returned 13.86%/yr vs 31.93%/yr for SPXC. At a 0.49 correlation, their price movements are largely independent.

Performance

VSP.TO vs. SPXC - 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 SPX Corporation (SPXC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VSP.TO achieves a 10.06% return, which is significantly lower than SPXC's 19.66% return. Over the past 10 years, VSP.TO has underperformed SPXC with an annualized return of 13.86%, while SPXC has yielded a comparatively higher 31.93% 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%

SPXC

• 1D: 0.98%
• 1M: 16.06%
• YTD: 19.66%
• 6M: 13.01%
• 1Y: 53.42%
• 3Y*: 44.62%
• 5Y*: 34.26%
• 10Y*: 31.93%

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

VSP.TO vs. SPXC - 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%
SPXC SPX Corporation	19.66%	31.17%	56.44%	50.47%	17.84%	8.44%	5.38%	72.72%	-3.20%	23.91%

Correlation

The correlation between VSP.TO and SPXC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.49

The correlation between VSP.TO and SPXC has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Return for Risk

VSP.TO vs. SPXC — 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

SPXC

SPXC Risk / Return Rank: 77
SPXC Sharpe Ratio Rank: 80
SPXC Sortino Ratio Rank: 77
SPXC Omega Ratio Rank: 75
SPXC Calmar Ratio Rank: 77
SPXC Martin Ratio Rank: 78

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. SPXC - 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 SPX Corporation (SPXC). 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	SPXC	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.49	+0.58
Sortino ratio: Return per unit of downside risk	2.88	2.19	+0.69
Omega ratio: Gain probability vs. loss probability	1.38	1.27	+0.11
Calmar ratio: Return relative to maximum drawdown	2.73	2.33	+0.40
Martin ratio: Return relative to average drawdown	12.47	5.96	+6.51
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. SPXC - Sharpe Ratio Comparison

The current VSP.TO Sharpe Ratio is 2.08, which is higher than the SPXC Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of VSP.TO and SPXC, 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	SPXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.49	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.03	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.89	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.60	+0.24

Drawdowns

VSP.TO vs. SPXC - Drawdown Comparison

The maximum VSP.TO drawdown since its inception was -35.55%, smaller than the maximum SPXC drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for VSP.TO and SPXC.

Drawdown Indicators

	VSP.TO	SPXC	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-67.04%	+31.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-23.04%	+13.64%
Max Drawdown (3Y) Largest decline over 3 years	-18.85%	-32.44%	+13.59%
Max Drawdown (5Y) Largest decline over 5 years	-25.54%	-36.24%	+10.70%
Max Drawdown (10Y) Largest decline over 10 years	-35.55%	-45.32%	+9.77%
Current Drawdown Current decline from peak	-1.67%	-1.33%	-0.34%
Average Drawdown Average peak-to-trough decline	-4.00%	-12.89%	+8.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	8.99%	-6.93%

Volatility

VSP.TO vs. SPXC - Volatility Comparison

The current volatility for Vanguard S&P 500 CAD-hedged ETF (VSP.TO) is 4.97%, while SPX Corporation (SPXC) has a volatility of 10.79%. This indicates that VSP.TO experiences smaller price fluctuations and is considered to be less risky than SPXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSP.TO	SPXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	10.79%	-5.82%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	27.50%	-17.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	35.96%	-23.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	33.57%	-16.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	35.94%	-17.92%

Dividends

VSP.TO vs. SPXC - Dividend Comparison

VSP.TO's dividend yield for the trailing twelve months is around 0.84%, while SPXC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXC SPX Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	386.22%
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 SPXC in my portfolio?

VSP.TO and SPXC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.