PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VSP.TO vs. VA.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VSP.TO vs. VA.TO

Last updated Jun 5, 2026

VSP.TO (Vanguard S&P 500 CAD-hedged ETF) and VA.TO (Vanguard FTSE Developed Asia Pacific All Cap Index ETF) are both exchange-traded funds - VSP.TO is a S&P 500 fund tracking the S&P 500 Index, while VA.TO is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Index. Both are passively managed. Over the past 10 years, VSP.TO returned 13.86%/yr vs 11.14%/yr for VA.TO. A 0.56 correlation means they provide meaningful diversification when combined. VSP.TO charges 0.09%/yr vs 0.22%/yr for VA.TO.

Performance

VSP.TO vs. VA.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 Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VSP.TO achieves a 10.06% return, which is significantly lower than VA.TO's 30.62% return. Over the past 10 years, VSP.TO has outperformed VA.TO with an annualized return of 13.86%, while VA.TO has yielded a comparatively lower 11.14% 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%

VA.TO

1D
-1.08%
1M
8.99%
YTD
30.62%
6M
29.94%
1Y
53.31%
3Y*
23.89%
5Y*
12.99%
10Y*
11.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
VA.TO
Vanguard FTSE Developed Asia Pacific All Cap Index ETF		30.62%25.82%10.30%12.15%-9.26%0.89%13.71%11.66%-7.54%21.44%

Correlation

The correlation between VSP.TO and VA.TO is 0.66, 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

0.66

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

0.61

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

0.57

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

0.58

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2014

0.56

The correlation between VSP.TO and VA.TO shifts across timeframes, from 0.56 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

VSP.TO vs. VA.TO - Sectors Allocation Comparison

Sectors
VSP.TO
VA.TO

Technology

35.7%
22.4%

Financial Services

11.6%
19.4%

Communication Services

11.3%
4.8%

Consumer Cyclical

10.2%
9.7%

Healthcare

8.5%
5.0%

Industrials

8.3%
20.6%

Consumer Defensive

4.9%
3.5%

Energy

3.5%
1.6%

Utilities

2.4%
1.6%

Real Estate

1.9%
4.3%

Basic Materials

1.8%
7.2%

Technology

VSP.TO
35.7%
VA.TO
22.4%

Financial Services

VSP.TO
11.6%
VA.TO
19.4%

Communication Services

VSP.TO
11.3%
VA.TO
4.8%

Consumer Cyclical

VSP.TO
10.2%
VA.TO
9.7%

Healthcare

VSP.TO
8.5%
VA.TO
5.0%

Industrials

VSP.TO
8.3%
VA.TO
20.6%

Consumer Defensive

VSP.TO
4.9%
VA.TO
3.5%

Energy

VSP.TO
3.5%
VA.TO
1.6%

Utilities

VSP.TO
2.4%
VA.TO
1.6%

Real Estate

VSP.TO
1.9%
VA.TO
4.3%

Basic Materials

VSP.TO
1.8%
VA.TO
7.2%

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 CAD-hedged ETF

Vanguard FTSE Developed Asia Pacific All Cap Index ETF

Often compared with VSP.TO:
VSP.TO vs. VFV.TOVSP.TO vs. XSP.TOVSP.TO vs. ZSP.TOVSP.TO vs. VOOVSP.TO vs. SPYVSP.TO vs. VTIVSP.TO vs. QQQ
Often compared with VA.TO:
VA.TO vs. VE.TOVA.TO vs. VPLVA.TO vs. XEF.TOVA.TO vs. XEQT.TOVA.TO vs. VIDY.TOVA.TO vs. VFV.TOVA.TO vs. SPWO

Return for Risk

VSP.TO vs. VA.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: 6363
Overall Rank
VSP.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
VSP.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
VSP.TO Omega Ratio Rank: 6464
Omega Ratio Rank
VSP.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
VSP.TO Martin Ratio Rank: 6969
Martin Ratio Rank
VA.TO
VA.TO Risk / Return Rank: 8585
Overall Rank
VA.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VA.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
VA.TO Omega Ratio Rank: 8585
Omega Ratio Rank
VA.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
VA.TO Martin Ratio Rank: 8585
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.

VSP.TO vs. VA.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 Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.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.TOVA.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
2.82

-0.75

Sortino ratioReturn per unit of downside risk
2.88
3.67

-0.79

Omega ratioGain probability vs. loss probability

1.38

1.51

-0.13

Calmar ratioReturn relative to maximum drawdown

2.73

4.43

-1.70

Martin ratioReturn relative to average drawdown

12.47

17.25

-4.78

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. VA.TO - Sharpe Ratio Comparison

The current VSP.TO Sharpe Ratio is 2.08, which is comparable to the VA.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of VSP.TO and VA.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.

Loading charts...

Sharpe Ratios by Period

VSP.TOVA.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

2.82

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.88

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

0.74

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.68

+0.16

Drawdowns

VSP.TO vs. VA.TO - Drawdown Comparison

The maximum VSP.TO drawdown since its inception was -35.55%, which is greater than VA.TO's maximum drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for VSP.TO and VA.TO.

Loading charts...

Drawdown Indicators

VSP.TOVA.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.55%

-25.81%

-9.74%

Max Drawdown (1Y)

Largest decline over 1 year

-9.40%

-12.09%

+2.69%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-13.99%

-4.86%

Max Drawdown (5Y)

Largest decline over 5 years

-25.54%

-24.74%

-0.80%

Max Drawdown (10Y)

Largest decline over 10 years

-35.55%

-25.81%

-9.74%

Current Drawdown

Current decline from peak

-1.67%

-1.08%

-0.59%

Average Drawdown

Average peak-to-trough decline

-4.00%

-5.54%

+1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

3.10%

-1.04%

Volatility

VSP.TO vs. VA.TO - Volatility Comparison

The current volatility for Vanguard S&P 500 CAD-hedged ETF (VSP.TO) is 4.97%, while Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) has a volatility of 6.51%. This indicates that VSP.TO experiences smaller price fluctuations and is considered to be less risky than VA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VSP.TOVA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

6.51%

-1.54%

Volatility (6M)

Calculated over the trailing 6-month period

9.80%

16.45%

-6.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

18.99%

-6.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.90%

14.78%

+2.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

15.15%

+2.87%

VSP.TO vs. VA.TO - Expense Ratio Comparison

VSP.TO has a 0.09% expense ratio, which is lower than VA.TO's 0.22% 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

VSP.TO vs. VA.TO - Dividend Comparison

VSP.TO's dividend yield for the trailing twelve months is around 0.84%, less than VA.TO's 1.66% yield.

PositionTTM20252024202320222021202020192018201720162015
VA.TO
Vanguard FTSE Developed Asia Pacific All Cap Index ETF		1.66%2.17%2.31%2.57%3.09%2.35%2.14%2.53%2.84%1.71%1.62%1.88%
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

VSP.TO and VA.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VSP.TO is cheaper with a 0.09% expense ratio, compared with 0.22% for VA.TO.

VSP.TO is categorized as S&P 500, while VA.TO is Asia Pacific Equities. VSP.TO tracks S&P 500 Index, while VA.TO tracks FTSE Developed Asia Pacific All Cap Index. Their fees differ too: 0.09% for VSP.TO and 0.22% for VA.TO.

Portfolio Optimizer

Find the right allocation for VSP.TO and VA.TO

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