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VSP.TO vs. VEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VSP.TO vs. VEQT.TO

Last updated Jun 5, 2026

VSP.TO (Vanguard S&P 500 CAD-hedged ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - VSP.TO is a S&P 500 fund tracking the S&P 500 Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. VSP.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, VSP.TO returned 12.28%/yr vs 14.14%/yr for VEQT.TO. Their correlation of 0.89 suggests significant overlap in exposure. VSP.TO charges 0.09%/yr vs 0.24%/yr for VEQT.TO.

Performance

VSP.TO vs. VEQT.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 All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VSP.TO achieves a 10.06% return, which is significantly lower than VEQT.TO's 13.42% 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%

VEQT.TO

1D
0.59%
1M
5.93%
YTD
13.42%
6M
12.84%
1Y
32.66%
3Y*
22.69%
5Y*
14.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VSP.TO
Vanguard S&P 500 CAD-hedged ETF		10.06%15.49%23.68%24.16%-19.24%27.90%15.32%18.92%
VEQT.TO
Vanguard All-Equity ETF Portfolio		13.42%20.37%24.73%16.70%-10.76%19.62%11.42%12.94%

Correlation

The correlation between VSP.TO and VEQT.TO is 0.86, 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

0.86

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

0.88

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

0.90

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2019

0.89

The correlation between VSP.TO and VEQT.TO has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

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

Sectors
VSP.TO
VEQT.TO

Technology

35.7%
20.3%

Financial Services

11.6%
20.7%

Communication Services

11.3%
6.0%

Consumer Cyclical

10.2%
7.8%

Healthcare

8.5%
6.6%

Industrials

8.3%
11.6%

Consumer Defensive

4.9%
4.5%

Energy

3.5%
8.7%

Utilities

2.4%
2.8%

Real Estate

1.9%
2.2%

Basic Materials

1.8%
8.6%

Technology

VSP.TO
35.7%
VEQT.TO
20.3%

Financial Services

VSP.TO
11.6%
VEQT.TO
20.7%

Communication Services

VSP.TO
11.3%
VEQT.TO
6.0%

Consumer Cyclical

VSP.TO
10.2%
VEQT.TO
7.8%

Healthcare

VSP.TO
8.5%
VEQT.TO
6.6%

Industrials

VSP.TO
8.3%
VEQT.TO
11.6%

Consumer Defensive

VSP.TO
4.9%
VEQT.TO
4.5%

Energy

VSP.TO
3.5%
VEQT.TO
8.7%

Utilities

VSP.TO
2.4%
VEQT.TO
2.8%

Real Estate

VSP.TO
1.9%
VEQT.TO
2.2%

Basic Materials

VSP.TO
1.8%
VEQT.TO
8.6%

Compare stocks, funds, or ETFs

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Vanguard S&P 500 CAD-hedged ETF

Vanguard All-Equity ETF Portfolio

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 VEQT.TO:
VEQT.TO vs. XEQT.TOVEQT.TO vs. VFV.TOVEQT.TO vs. VGRO.TOVEQT.TO vs. VOOVEQT.TO vs. ZEQT.TOVEQT.TO vs. SPYVEQT.TO vs. VBAL.TO

Return for Risk

VSP.TO vs. VEQT.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
VEQT.TO
VEQT.TO Risk / Return Rank: 8585
Overall Rank
VEQT.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8686
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8686
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. VEQT.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 All-Equity ETF Portfolio (VEQT.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.TOVEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
2.83

-0.75

Sortino ratioReturn per unit of downside risk
2.88
3.88

-1.00

Omega ratioGain probability vs. loss probability

1.38

1.52

-0.14

Calmar ratioReturn relative to maximum drawdown

2.73

4.07

-1.34

Martin ratioReturn relative to average drawdown

12.47

17.94

-5.47

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. VEQT.TO - Sharpe Ratio Comparison

The current VSP.TO Sharpe Ratio is 2.08, which is comparable to the VEQT.TO Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of VSP.TO and VEQT.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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Sharpe Ratios by Period

VSP.TOVEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

2.83

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

1.10

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.91

-0.07

Drawdowns

VSP.TO vs. VEQT.TO - Drawdown Comparison

The maximum VSP.TO drawdown since its inception was -35.55%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for VSP.TO and VEQT.TO.

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Drawdown Indicators

VSP.TOVEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.55%

-30.45%

-5.10%

Max Drawdown (1Y)

Largest decline over 1 year

-9.40%

-8.05%

-1.35%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-15.46%

-3.39%

Max Drawdown (5Y)

Largest decline over 5 years

-25.54%

-18.32%

-7.22%

Max Drawdown (10Y)

Largest decline over 10 years

-35.55%

—

—

Current Drawdown

Current decline from peak

-1.67%

0.00%

-1.67%

Average Drawdown

Average peak-to-trough decline

-4.00%

-3.71%

-0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.83%

+0.23%

Volatility

VSP.TO vs. VEQT.TO - Volatility Comparison

Vanguard S&P 500 CAD-hedged ETF (VSP.TO) has a higher volatility of 4.97% compared to Vanguard All-Equity ETF Portfolio (VEQT.TO) at 3.66%. This indicates that VSP.TO's price experiences larger fluctuations and is considered to be riskier than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VSP.TOVEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

3.66%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

9.80%

9.39%

+0.41%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

11.61%

+0.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.90%

12.90%

+4.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

15.77%

+2.25%

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

VSP.TO has a 0.09% expense ratio, which is lower than VEQT.TO's 0.24% 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. VEQT.TO - Dividend Comparison

VSP.TO's dividend yield for the trailing twelve months is around 0.84%, less than VEQT.TO's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.25%1.42%1.58%1.88%2.09%1.40%1.48%1.42%0.00%0.00%0.00%0.00%
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 VEQT.TO have a correlation of 0.86, 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 0.24% for VEQT.TO.

VSP.TO is categorized as S&P 500, while VEQT.TO is Global Equities. Their fees differ too: 0.09% for VSP.TO and 0.24% for VEQT.TO.

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